Transparency Declaration : Disclosure in accordance with the Law of May 2, 2007

Transparency Declaration

Telenet Group Holding NV ("Telenet" or "the Company") (Euronext Brussels: TNET) hereby discloses information in accordance with Article 14 of the Law of May 2, 2007 and the related Royal Decree of February 14, 2008:

On November 24, 2010 Telenet received a transparency declaration from BNP Paribas Investment Partners SA, stating that BNP Paribas Investment Partners SA, as of August 24, 2010, holds 5,595,908 shares of the Company, representing 4.99% of the total share capital of the Company as of that date.

The complete text of this transparency declaration is also available on the Investor Relations section of our website www.telenet.be.

Any increase above (or decrease below) the following thresholds requires a declaration to Telenet and the Banking, Finance and Insurance Commission (CBFA):

1. 3% statutory threshold, as set out by the articles of association of the Company;

2. 5% or each multiple of 5%, as set out by Belgian law.

Transparency declaration forms are available on the website of the CBFA:

http://www.cbfa.be/eng/gv/ah/circ/pdf/TR-1BE.xls

A detailed guide for completing a transparency declaration is also available on the website of the CBFA:

http://www.cbfa.be/eng/gv/ah/circ/pdf/cbfa_2008_16.pdf

The transparency declaration form should be submitted to:

1. the CBFA (email trp.fin@cbfa.be and fax* +32 2 220 59 12)

2. Telenet (email investor.relations@staff.telenet.be and fax* +32 +32 15 33 59 59)

* For reasons of legal certainty

This information is also available on the Investor Relations section of our website www.telenet.be.