Acquisition of Walmart by Amazon Acquisition Structure Assumptions Acquisition Premium Equity Issuance Discount (to Current Price) 20% 5% % Debt Financing % Equity Financing 50% 50% Acquirer and Target Assumptions Share Price (S/sh.) Fully Diluted Shares Outstanding (MM) Cash and Cash Equivalents Total Debt Amazon Acquirer $3,099.40 518 $37,466 $91,401 Walmart Target $140.50 2,863 $16,906 $70,242 Transaction Costs Information Equity Financing Fees Debt Financing Fees Other Transaction Costs Target Debt Early Redemption Premium 5.5% 1.5% $3,000 3.0% 14 Review Later Additional annual interest expense due to new debt issued in relation to the transaction is: $9,393 $8,383 $7,482 $38,393 Acquisition of Walmart by Amazon Acquisition Structure Assumptions Acquisition Premium Equity Issuance Discount (to Current Price) 20% 5% % Debt Financing % Equity Financing 50% 50% Acquirer and Target Assumptions Share Price (S/sh.) Fully Diluted Shares Outstanding (MM) Cash and Cash Equivalents Total Debt Amazon Acquirer $3,099.40 518 $37,466 $91,401 Walmart Target $140.50 2,863 $16,906 $70,242 Transaction Costs Information Equity Financing Fees Debt Financing Fees Other Transaction Costs Target Debt Early Redemption Premium 5.5% 1.5% $3,000 3.0% 14 Review Later Additional annual interest expense due to new debt issued in relation to the transaction is: $9,393 $8,383 $7,482 $38,393