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.

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About Telenet SA

As a provider of entertainment and telecommunication services in Belgium, Telenet group is always looking for the perfect experience in the digital world for its customers. Under the brand name Telenet, the company focuses on offering digital television, high-speed Internet and fixed and mobile telephony services to residential customers in Flanders and Brussels.

Under the brand name BASE, it supplies mobile telephony, internet and television in Belgium. The Telenet Business department serves the business market in Belgium and Luxembourg with connectivity, hosting and security solutions. More than 3,000 employees have one aim in mind: making living and working easier and more pleasant.

Telenet group is part of Telenet Group Holding NV and is a 100% owned subsidiary of Liberty Global. Liberty Global is one of the world’s leading converged video, broadband and communications companies, innovating and empowering people in six countries across Europe to make the most of the digital revolution. For more information, we refer to www.telenet.be

The Telenet newsroom can be found at press.telenet.be

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