Telenet Group Holding NV

Audit Report / Information • Jul 30, 2020

Statutory auditor's report to the board of directors of Telenet Group Holding NV on the review of the condensed consolidated interim financial information as at 30 June 2020 and for the 6-month period then ended

Introduction

We have reviewed the accompanying condensed consolidated interim statement of financial position of Telenet Group Holding NV as at 30 June 2020, the condensed consolidated interim statements of profit or loss and other comprehensive income, changes in equity and cash flows for the 6-month period then ended, and notes to the interim financial information ("the condensed consolidated interim financial information"). The board of directors is responsible for the preparation and presentation of this condensed consolidated interim financial information in accordance with IAS 34, "Interim Financial Reporting" as adopted by the European Union. Our responsibility is to express a conclusion on this condensed consolidated interim financial information based on our review.

Scope of Review

We conducted our review in accordance with the International Standard on Review Engagements 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity". A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the accompanying condensed consolidated interim financial information as at 30 June 2020 and for the 6-month period then ended is not prepared, in all material respects, in accordance with IAS 34, "Interim Financial Reporting" as adopted by the European Union.

Zaventem, 28 September 2020

KPMG Réviseurs d'Entreprises / Bedrijfsrevisoren Statutory Auditor represented by

Digitally signed by Godwin Jackers (Signature)

Götwin Jackers Réviseur d'Entreprises / Bedrijfsrevisor

KPMG Bedrijfsrevisoren - Réviseurs d'Entreprises, a Belgian CVBA/SCRL and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Document Classification: KPMG Public

Maatschappelijke zetel - Siège Social: Luchthaven Brussel Nationaal 1K 1930 Zaventem België - Belgique

KPMG Bedrijfsrevisoren - Réviseurs d'Entreprises CVBA/SCRL BTW - TVA BE 0419.122.548 RPR Brussel - RPM Bruxelles IBAN : BE 62 4377 5152 9261 BIC : KREDBEBB