Telenet Finance III Luxembourg S.C.A. announces completion of senior secured notes placement

• Issuance of €300 million Senior Secured Notes due 2021
• Interest of 6.625%

Luxembourg, February 9, 2011 Telenet Finance III Luxembourg S.C.A. (the "Issuer"), an independent financing company, announces that it has completed the pricing of €300 million Senior Secured Notes due 2021 (the "Notes"). The Notes will bear interest at 6.625%.

Upon completion, the Issuer, who is independent from the Telenet group of companies, will lend the gross proceeds of the Notes to Telenet International Finance S.à r.l., a subsidiary of Telenet NV, under an additional tranche under the Telenet group's existing credit facility (the "Senior Credit Facility"). The Notes will be secured by a first-ranking security interest over all of the capital stock and bank account of the Issuer and a first-ranking security interest over the Issuer's rights as a lender under the Senior Credit Facility. The Notes are obligations of the Issuer alone and not of - or guaranteed in any way by Telenet Group Holding NV, Telenet NV or any of their subsidiaries or affiliates.

Cfr Press Release