Telenet’s board of directors proposes a €1.3050 gross final dividend per share (€143.2 million in aggregate) and the cancellation of 814,966 treasury shares at the next AGM/EGM in April

The enclosed information constitutes regulated information as defined in the Royal Decree of 14 November 2007 on the obligations of issuers of financial instruments admitted to trading on a regulated market. Inside information.

Brussels, March 27, 2020 – Telenet Group Holding NV (“Telenet” or the “Company”) (Euronext Brussels: TNET) announces that its board of directors proposes a gross final dividend per share of €1.3050, equivalent to €143.2 million, to its shareholders at the April 2020 Annual General Shareholders’ Meeting. In addition, the board of directors proposes to the next Extraordinary Shareholders’ Meeting to cancel 814,966 treasury shares. This proposal is consistent with Telenet’s policy to maintain an adequate level of treasury shares to cover the outstanding obligations under the Company’s management long-term incentive plans. When approved, the Company’s share count will decrease from 114,656,785 to 113,841,819.