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Sinclair Television Group, Inc. Quarterly Financials

Supplemental Financial Information

Sinclair Television Group, Inc.

Special-Purpose Combined Financial Statements

Pursuant to the terms of the indentures (the “Indentures”) related to secured and unsecured notes of Sinclair Television Group, Inc. (“STG”), among STG, Sinclair Broadcast Group, LLC (“SBG”), formerly known as Sinclair Broadcast Group, Inc., the other parties thereto as guarantors, and U.S. Bank Trust Company National Association (formerly known as U.S. Bank National Association), as trustee, STG has agreed to provide certain financial information regarding STG and certain “Subsidiaries” that are not “Unrestricted Subsidiaries,” each as defined in the Indentures, to the holders of notes issued under the Indentures.

Sinclair, Inc. (“Sinclair” or the “Company”), as the indirect parent of STG, has elected to make this supplemental financial information generally available to the public by posting on Sinclair’s website.

The matters discussed in the supplemental financial discussion include forward-looking statements regarding, among other things, future events and actions. When used in the supplemental financial discussion, the words “outlook,” “intends to,” “believes,” “anticipates,” “expects,” “achieves,” “estimates,” and similar expressions are intended to identify forward-looking statements. Such statements are subject to a number of risks and uncertainties. Actual results in the future could differ materially and adversely from those described in the forward-looking statements as a result of various important factors, including and in addition to the assumptions set forth therein, but not limited to: the rate of decline in the number of subscribers to services provided by traditional multi-channel video programming distributors (“MVPDs”); the Company’s ability to generate cash to service its substantial indebtedness; the successful execution of outsourcing agreements; the successful execution of retransmission consent agreements; the successful execution of network and MVPD affiliation agreements; the Company’s ability to compete for viewers and advertisers; pricing and demand fluctuations in local and national advertising; volatility in programming costs; the impact of pending and future litigation claims against the Company; the potential impacts of the war in Ukraine and conflict in the Middle East on the Company’s business operations, financial results and financial position and on the world economy; the market acceptance of new programming; the Company’s ability to identify and consummate acquisitions and investments, to manage increased leverage resulting from acquisitions and investments, and to achieve anticipated returns on those investments once consummated; the impact of any loss of key personnel, including talent; material legal, financial and reputational risks and operational disruptions resulting from a breach of the Company’s information systems, including due to the cybersecurity event in October 2021; the impact of FCC and other regulatory proceedings against the Company; uncertainties associated with potential changes in the regulatory environment affecting the Company’s business and growth strategy, and any risk factors set forth in the Company’s recent reports on Form 10-Q and/or Form 10-K, as filed with the Securities and Exchange Commission. There can be no assurances that the assumptions and other factors referred to in this release will occur. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements except as required by law.