First Half 2010 Results

• Another strong period of net additions and growing customer ARPU;
• Revenue up 11%; Free Cash Flow up 42% at 21% of revenue;
• Confident in achieving our full year outlook.

Telenet Group Holding NV ("Telenet" or the "Company") (Euronext Brussels: TNET) announces its unaudited consolidated results under International Financial Reporting Standards as adopted by the European Union ("EU GAAP") for the six months ended June 30, 2010.

HIGHLIGHTS

• Strong net subscriber growth across all core residential segments in traditionally weakest quarter for growth and solid top line growth in business segment;
• Slowdown in rate of total cable TV net losses alongside sustained low churn levels for broadband and fixed telephony;
• Increased market share in both H1 2010 and Q2 2010 for all residential product lines;
• 55% of customer base on multiple play, of which 30% on triple play as of June 30, 2010;
• Sustained 11% growth of ARPU per unique customer(5) to €38.0 in H1 2010 and €38.4 in Q2 2010;
• Strong top line growth of 11% compared to prior year period to €638.6 million, of which 9% organic;
• Adjusted EBITDA(1) of €329.6 million, up 8% compared to prior year (+9% organic), yielding a margin of 51.6% and of 53.2% when excluding BelCompany and C-CURE acquisitions;
• Accrued capex-to-sales ratio(2) of 17%, but will increase in H2 2010 due to phasing of network upgrade programs, yet within boundaries of our full year outlook;
• Boost in Free Cash Flow(3) of 42% compared to prior year period to €131.4 million or 21% of revenue;
• Net Senior Debt to EBITDA leverage ratio down to 2.6x as of June 30, 2010, or 3.0x on a pro-forma basis including today's payment of the €2.23 per share shareholder disbursement.

Enclosed you will find the the full version and the summary of the press release.