Telenet Group Holding NV

Transaction in Own Shares • Feb 24, 2022

Press release

Telenet successfully completes its Share Repurchase Program 2021

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.

Mechelen, February 24, 2022 - Telenet Group Holding NV ("Telenet" or the "Company") (Euronext Brussels: TNET) hereby discloses certain information in relation to its Share Repurchase Program 2021, in accordance with Article 8:4 of the Royal Decree of April 29, 2019 implementing the Belgian Code on Companies and Associations. Under this program, the Company has granted a discretionary mandate to an independent financial intermediary to repurchase up to 1.1 million shares for a maximum amount of $€45.0$ million for a three-month period, effective as from November 26, 2021.

In the framework of the Share Repurchase Program 2021, as announced on October 28, 2021, the Company repurchased 66.015 common shares in the period from February 21, 2022 up to and including February 23, 2022. The shares were repurchased at an average price of €31.06 per share for a total consideration of €2.1 million.

Date of repurchase	Number of shares	Average price paid '€)	Highest price paid '€)	Lowest price paid $(\epsilon)$	Total (€)	Exchange
February 21, 2022	20,000	31.39	31.86	31.12	627,816	Furonext Brussels
February 22, 2022	23,000	30.80	30.98	30.38	708,414	Furonext Brussels
February 23, 2022	23,015	31.02	31.20	30.86	713.946	Euronext Brussels
Total	66,015	31.06			2,050,176

As a result of the aforementioned market transactions, the Company repurchased in total 1,100,000 own shares under the Share Repurchase Program 2021 for an aggregate amount of €35.4 million. As the Company repurchased the maximum number of own shares authorized under the Share Repurchase Program 2021, the aforementioned share buy-back program has now been fully executed. The repurchased shares under this program will be used to cover future obligations under the Company's share incentive plans or will be cancelled to the extent the repurchased shares would exceed such obligations.

The Company currently holds 5,448,369 own shares (previous update as per February 21, 2022: 5,382,354 own shares), representing 4.79% of the total number of outstanding shares (previous update as per February 21, 2022: 4.73%).

This information will also be available on the investor relations pages of our website (investors.telenet.be) under the Shareholders section.

Contacts

Investor Relations:	Rob Goyens	rob.govens@telenetgroup.be	+32 15 333 054
	Bart Boone	bart.boone@telenegroup.be	+32 15 333 738
Press & Media:	Stefan Coeniaerts	stefan.coeniaerts@telenetgroup.be	+32 15 335 006
Legal:	Bart van Sprundel	bart.van.sprundel@telenetgroup.be	+32 15 333 495

About Telenet - 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 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 quoted on Euronext Brussel under ticker symbol TNET. For more information, visit www.telenet.be. Liberty Global - 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 - owns a direct stake of 58.3% in Telenet Group Holding NV (including any treasury shares held by the latter from time to time).

Additional Information - Additional information on Telenet and its products can be obtained from the Company's website http://www.telenet.be. Further information regarding the operating and financial data presented herein can be downloaded from the investor relations pages of this website. The Company's Consolidated Annual Report 2020 as well as unaudited condensed consolidated interim financial statements and presentations related to the financial results for the year ended December 31, 2021 have been made available on the investor relations pages of the Company's website (http://investors.telenet.be).

This document has been released on February 24, 2022 at 8:00 am CET