EX-99 3 mv8-7ex99_1.txt 99.1 Exhibit 99.1 ------------ Name and Address of Reporting Person: Thomas O. Hicks 200 Crescent Court, Suite 1600 Dallas, Texas 75201 Issuer Name and Ticker or Trading Symbol: Clear Channel Communications, Inc. (CCU) Date of Earliest Transaction Required to be Reported (Month/Day/Year): 8/5/2003 Explanation of Responses: (1) Held by three limited partnerships, the general partner of each of which is a limited liability company owned by the Reporting Person. (2) Held by certain trusts for the benefit of the Reporting Person's children. The Reporting Person is the trustee. (3) (i) 127,027 shares held by a limited liability company of which Hicks, Muse Fund III Incorporated ("Fund III Incorporated") is the ultimate manager, (ii) 16,773,479 shares held by Hicks, Muse, Tate & Furst Equity Fund III, L.P. and HM3 Coinvestors, L.P., each of whose ultimate general partner is Fund III Incorporated, (iii) 9,610,051 shares held by Hicks, Muse, Tate & Furst Equity Fund IV, L.P., Hicks, Muse, Tate & Furst Private Equity Fund IV, L.P., and HM 1-FOF Coinvestors, L.P., each of whose ultimate general partner is Hicks, Muse Latin America Fund I Incorporated ("LA Fund Incorporated"), and (iv) 8,221,220 shares held by HM4-EQ Coinvestors, L.P., HM4-EN Coinvestors, L.P., HM 4-P Coinvestors, L.P., and HM4/Chancellor, L.P., each of whose ultimate general partner is Hicks, Muse Fund IV LLC ("Fund IV LLC"). The Reporting Person is the controlling shareholder and chief executive officer of each of Fund III Incorporated and LA Fund Incorporated, and the sole member of Fund IV LLC. The Reporting Person disclaims beneficial ownership of all indirectly owned securities reported on this Form in excess of the Reporting Person's pecuniary interest therein, and this Form shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. Page 3 of 3