AirTouch Announces Record Date For Contingent Payment On Class B Preferred Stock.

SAN FRANCISCO--(BUSINESS WIRE)--Nov. 14, 1996--The AirTouch Communications (NYSE:ATI) Board of Directors has declared December 15, 1996 as the record date for a contingent payment on its 6.00% Class B Mandatorily Convertible Preferred Stock, Series 1996.

The amount of the contingent payment is related to the volume-weighted average trading price of the Class B Preferred shares over a 30 consecutive calendar day period beginning November 16, which is three months after the initial issuance date of the stock, and ending December 15. The amount of the payment will be calculated as shown in the table below. If the volume-weighted average trading price equals or exceeds $28.736, no contingent payment will be made. -0-

                           Cumulative Amount
Trading Price                   Per Share
                               ($ million)


$29.000 to $28.736                 0.00
$28.735 to $28.473                 2.00
$28.472 to $28.341                 4.00
$28.340 to $28.209                 6.00
$28.208 to $28.077                 8.00
$28.076 to $27.945                10.00
$27.944 to $27.814                12.50
$27.813 to $27.550                15.00
Less than $27.550                 16.85

(in each case divided by the total number of shares of Class B
Preferred Stock issued and outstanding as of December 15, 1996)

The contingent payment may be in the form of cash, common stock, or Class C Preferred stock. The payment date will be on or before December 30, 1996.

The 6.00% Class B Preferred Stock was issued to stockholders of Cellular Communications, Inc. (CCI) in connection with AirTouch's acquisition of CCI, which became effective on August 16, 1996.

AirTouch Communications is a global wireless communications company, with interests in cellular, paging, and personal communications services in the United States, Belgium, Germany, India, Italy, Japan, Poland, Portugal, South Korea, Spain, and Sweden, as well as an interest in the Globalstar satellite system. The company, based in San Francisco, serves over 7.2 million proportionate customers worldwide.

For a fax copy of this or other recent AirTouch press releases, please call 1-800-344-7531, or visit the AirTouch web site at http://www.airtouch.com.

CONTACT: AirTouch Communications

Susan Rosenberg, 510/210-3910