Level 3 SVP and Treasurer Robin Grey to Speak at the Lehman Brothers High Yield Bond and Syndicated Loan Conference

BROOMFIELD, Colo., March 7 - Robin Grey, senior vice president and treasurer of Level 3 Communications, Inc. (NASDAQ:LVLT) will make an investor presentation at the Lehman Brothers High Yield Bond and Syndicated Loan Conference in Lake Buena Vista, Fla. on Friday, March 14.

Ms. Grey's presentation is scheduled to begin at approximately 8:00 a.m. EDT. A webcast of the presentation will be available on the Level 3 Web site at http://www.level3.com/investor_relations/presentations_events/index.html.

About Level 3 Communications

Level 3 Communications, Inc. (NASDAQ:LVLT), an international communications company, operates one of the largest Internet backbones in the world, connecting more than 180 markets in 20 countries. The company serves a broad range of wholesale, enterprise and content customers with a comprehensive suite of services including: Internet Protocol (IP) services, broadband transport and infrastructure services, colocation services, voice and voice over IP services, and content delivery and media distribution services. These services provide the building blocks to enable Level 3's customers to meet their growing demands for advanced communications solutions. The company's Web address is http://www.level3.com/.

FCMN Contact: kimberly.tulp@level3.com

Source: Level 3 Communications

CONTACT: Media, Chris Hardman, +1-720-888-2292,

or Kimberly Tulp,

or Investors, Valerie Finberg, +1-720-888-2501,

or Mark
Stoutenberg, +1-720-888-1662, all of Level 3 Communications

Web site: http://www.level3.com/

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