Telenet initiates share repurchase program

Regulated information
August 9, 2011

- Today, Telenet Group Holding NV ("Telenet" or the "Company") (Euronext Brussels: TNET) announced the initiation of a share repurchase program. Under this program, the Board of Directors of Telenet may acquire from time to time its common stock, for a maximum of 1,000,000 shares within the next 9 months. The share repurchases will happen under the conditions as approved by the extraordinary general shareholders' meeting of May 28, 2009.

The timing of the repurchase of shares pursuant to the program will depend on a variety of factors, including market conditions. The program may be suspended or discontinued at any time.

Telenet has mandated an intermediary to repurchase Telenet shares on its behalf. During the repurchase program a weekly press release will be published with an update on the progress made (if any). All repurchased shares will be held by the Company to cover the Company's obligations under existing stock option plans. There will be no dividend rights for these shares for as long as they remain in possession of the Company.

Press Release

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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

Liersesteenweg 4 2800 Mechelen BTW BE 0473.416.418 RPR Antwerpen, afd. Mechelen