Telenet announces additional debt facilities in an aggregate amount of €700 million under Senior Credit Facility

• Arrangement of €500 million pursuant to an additional facility to the Senior Credit Facility;
  
• Expect to raise an additional €200 million (equivalent) in debt financing;
  
• Proceeds will be used to fund the proposed share buy-back in the form of a conditional voluntary tender offer as separately announced this morning.
  

Telenet Group Holding NV ("Telenet" or the "Company") announces the arrangement of an additional facility, in the amount of €500 million, under its existing credit facility (the "Senior Credit Facility"), taking advantage of the current favorable credit market conditions. In addition, Telenet expects to raise an additional €200 million (equivalent) in debt financing in the US$ debt capital and/or loan markets. The arrangement of the new facility follows Telenet's decision to modify its capital structure and to adapt its shareholder remuneration policy as announced separately this morning. The closing of the €500 million debt issuance is subject to customary closing conditions.