L-3 Announces Conversion Rate Adjustment for Its 3% Convertible Contingent Debt Securities (“CODES”) Due 2035

NEW YORK--(BUSINESS WIRE)--May 19, 2014-- L-3 Communications Holdings, Inc. (the “Company”) (NYSE:LLL) announced today that it has adjusted the conversion rate for its 3% Convertible Contingent Debt Securities (the “CODES”) due 2035 (CUSIP Numbers: 502413AW7 and 502424AE4; ISIN Numbers: US502413AW73 and US502424AE49) (the “Securities”) in connection with the regular quarterly dividend of $0.60 per share of the Company’s Common Stock expected to be paid on June 16, 2014.

The new conversion rate is 11.2721 shares of Common Stock of the Company per $1,000 principal amount of the Securities, effective for conversion rate calculations on or after May 19, 2014.

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