Telenet details payment of capital reduction ¿ Payment of €2.23 per share to shareholders on August 2, 2010.

On April 28, 2010, the extraordinary general shareholders' meeting of Telenet Group Holding NV (Euronext Brussels: TNET) approved the proposed shareholder disbursement of €2.23 per share.

The record date and payment date for the distribution of the capital reduction have been fixed on July 30 and August 2, 2010, respectively. As of July 28, 2010 (ex date), the shares and the VVPR-strips of Telenet Group Holding will be traded on Euronext Brussels ex coupon no. 3. Accordingly, all shareholders holding Telenet Group Holding NV shares at the close of trading on Euronext Brussels on July 27, 2010, will be entitled to receive a payment of €2.23 per share. The effective payment of the shareholder disbursement will occur on August 2, 2010.

The right to receive the payment will be represented by coupon no. 3. As of August 2, 2010, holders of bearer shares can obtain the payment at the branches of ING Belgium upon presentation of coupon no. 3.

Coupon no. 3 of the VVPR-strips of Telenet Group Holding NV will be declared without value as from July 28, 2010.

Cfr Press Release