Telenet’s shareholders approved the proposed gross dividend of €1.375 per share

Telenet Group Holding NV (“Telenet” or the “Company”) (Euronext Brussels: TNET) announces that the Annual Shareholders’ Meeting has approved the proposed gross dividend of €1.375 per share (net €0.9625 per share), equivalent to an aggregate amount of €150.2 million [1].

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.

As detailed in the February 11, 2021 press release, the dividend will be paid on May 5, 2021 with the Telenet shares trading ex-dividend as of the opening of the Brussels stock exchange on May 3, 2021. The record date has been confirmed at May 4, 2021.

The effective payment of the dividend to both registered shareholders and holders of dematerialised shares will occur on May 5, 2021. The payment of the dividend will be subject to 30% withholding tax under Belgian law. The received net dividend per share of €0.9625 can, however, differ for foreign shareholders depending on the existence of certain double tax treaties between Belgium and certain foreign countries. In order to benefit from the reduced withholding tax, shareholders will need to formally submit a tax certificate to ING Belgium, acting as paying agent on behalf of the Company, at the latest 10 calendar days after the actual payment date.

[1] Based on 109,243,261 dividend-entitled shares as per April 28, 2021, excluding 4,598,558 treasury shares which are not dividend-entitled