On November 9, 2023, DISH Network Corporation (?DISH?) appointed Mr. Hamid Akhavan, the current Chief Executive Officer and President of EchoStar Corporation (?EchoStar?), to the additional role of Chief Executive Officer of DISH effective as of November 13, 2023. As previously disclosed, Mr. Carlson notified DISH of his intention to resign as Chief Executive Officer of DISH effective as of November 12, 2023, but will remain on the board of directors of DISH (the ?DISH Board?) through the closing of the previously announced merger between DISH and EchoStar (the ?Merger?). The appointment of Mr. Akhavan was approved by a special committee of independent directors of the DISH Board (the ?DISH Special Committee?), subject to the approval of the DISH Board, and was subsequently approved by the DISH Board.

The approval of the DISH Board was conditioned upon the approval of the board of directors of EchoStar (the ?EchoStar Board?) of a compensation sharing agreement between DISH and EchoStar, which approval was obtained on November 9, 2023. Mr. Akhavan will retain his current position as Chief Executive Officer and President of EchoStar. Prior to joining EchoStar on March 31, 2022, Mr. Akhavan served as a Partner at Twin Point Capital, an investment firm, beginning in April 2018, and from March 2016 to April 2018, he was a Founding Partner of Long Arc Capital LLC.

Prior to March 2016, Mr. Akhavan held a variety of leadership positions, including as Chief Executive Officer of Unify Inc. (formerly Siemens Enterprise Communications), and Chief Executive Officer of T-Mobile International, where he also served as a member of the Board of Management of Deutsche Telekom. Mr. Akhavan has been a member of the Board of Directors of Vonage Holding Corp., a global cloud communications company, since 2016, and also serves on that Board?s Technology and Transactions Committees. In addition, since 2020, Mr. Akhavan has served as a member of the Board of Directors of Anterix Inc., a wireless communications company, and is a member of its Compensation and Nominating and Corporate Governance Committees.

When the merger between DISH and EchoStar was announced, it was also announced that Mr. Akhavan would become CEO of the combined company. The transaction, which is subject to regulatory approvals and customary closing conditions, is expected to be completed by year-end.