Notice of PDMR Transaction

Verizon Communications Inc.February 26, 2016

Notification of Transactions of Directors, Persons DischargingManagerial Responsibility or Connected Persons

The notification listed below was received under paragraph 3.1.2 of the UK's Disclosure and Transparency Rules.

Verizon Communications Inc. (the "Company") makes the following announcement:

The Company received notification on February 25, 2016 that Diego Scotti, Executive Vice President and Chief Marketing Officer of the Company, a person discharging managerial responsibility, purchased 800 shares of common stock of the Company (the "Shares") on February 24, 2016. Mr. Scotti purchased the Shares in the United States at an average price of USD 50.75.

William L. Horton, Jr.Corporate Secretary