PRESS RELEASE

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

Disclosure of a transparency notification

Brussels, 8 July 2019 – Telenet Group Holding NV ("Telenet" or the "Company") (Euronext Brussels: TNET) hereby discloses, in accordance with article 14, first paragraph of the Law of 2 May 2007, that, on 4 July 2019, it received a transparency notification dated 4 July 2019 from BlackRock, Inc., BlackRock (Netherlands) B.V., BlackRock (Singapore) Limited, BlackRock Advisors (UK) Limited, BlackRock Advisors, LLC, BlackRock Asset Management Canada Limited, BlackRock Asset Management Deutschland AG, BlackRock Asset Management North Asia Limited, BlackRock Capital Management, Inc., BlackRock Financial Management, Inc., BlackRock Fund Advisors, BlackRock Institutional Trust Company, National Association, BlackRock International Limited, BlackRock Investment Management (Australia) Limited, BlackRock Investment Management (UK) Limited, BlackRock Investment Management, LLC and BlackRock Japan Co., Ltd., in accordance with articles 6 and 18 of the Law of 2 May 2007.

In its notification dated 4 July 2019, received on 4 July 2019, BlackRock, Inc. reports that its total holdings and voting rights attached to shares in Telenet (aggregated with its controlled undertakings listed above) has dropped below the 3% threshold on 3 July 2019.

The transparency notification received on 4 July 2019 contains the following information:

Reason for the notification Acquisition or disposal of voting securities or voting rights Downward crossing of the lowest threshold
Notification by A parent company or a controlling person

•	Persons subject to the notification requirement
	BlackRock, Inc.	55 East 52nd Street, New York, NY,
		10055, U.S.A.
	BlackRock (Netherlands) B.V.	17th Rembrandt Tower, floor,
		Amstelplein, Amsterdam, Netherlands
	BlackRock (Singapore) Limited	20 Anson Road #18-01, Singapore,
		79912, Singapore
	BlackRock Advisors (UK) Limited	12 Throgmorton Avenue, London,
		EC2N 2DL, U.K.
	BlackRock Advisors, LLC	100 Bellevue Parkway, Wilmington,
		DE, 19809, U.S.A.
	BlackRock Asset Management Canada	161 Bay Street, Suite 2500, Toronto,
	Limited	Ontario, M5J 2S1, Canada
	BlackRock Asset Management	Lenbachplatz 1, 1st floor, Munich,
	Deutschland AG	80333-MN3, Germany
	BlackRock Asset Management North	15/F, 16/F, 17/F Citibank Tower & 17/F
	Asia Limited	ICBC Tower, 3 Garden Road, Central,
		Hong Kong
	BlackRock Capital Management, Inc.	100 Bellevue Parkway, Wilmington,
		19809, U.S.A.
	BlackRock Financial Management, Inc.	55 East 52nd Street, New York, NY,
		10055, U.S.A.
	BlackRock Fund Advisors	400 Howard Street, San Francisco,
		CA, 94105, U.S.A.

BlackRock Institutional Trust Company, National Association 400 Howard Street, San Francisco, CA, 94105, U.S.A. BlackRock International Limited Exchange Place One, 1 Semple Street, Edinburgh, EH3 8BL, U.K. BlackRock Investment Management (Australia) Limited Level 26, 101 Collins Street, Melbourne, VIC 3000, Australia BlackRock Investment Management (UK) Limited 12 Throgmorton Avenue, London, EC2N 2DL, U.K. BlackRock Investment Management, LLC 1 University Square Drive, Princeton, NJ, 8540, U.S.A.

BlackRock Japan Co., Ltd. 1-8-3 Marunouchi Chiyoda-ku, Trust Tower Main, Tokyo, 100-8217, Japan

Date on which the threshold is crossed 3 July 2019
Threshold that is crossed 3%
Denominator 115,835,283

• Notified details

Voting rights	Previous notification	After the transaction
	# voting rights	# of voting rights		% of voting rights
Holders of voting rights		Linked to securities	Not linked to the securities	Linked to securities	Not linked to the securities
BlackRock, Inc.	0	0		0.00%
BlackRock (Netherlands) B.V.	8,524	8,524		0.01%
BlackRock (Singapore) Limited	1,907	1,907		0.00%
BlackRock Advisors (UK) Limited	1,001,943	634,632		0.55%
BlackRock Advisors, LLC	26,191	26,191		0.02%
BlackRock Asset Management Canada Limited	30,877	31,446		0.03%
BlackRock Asset Management Deutschland AG	96,752	88,303		0.08%
BlackRock Asset Management North Asia Limited	360	360		0.00%
BlackRock Capital Management, Inc.	0	4		0.00%
BlackRock Financial Management, Inc.	2,257	2,257		0.00%
BlackRock Fund Advisors	562,815	558,759		0.48%
BlackRock Institutional Trust Company, National Association	810,384	809,669		0.70%
BlackRock International Limited	1,045	1,045		0.00%
BlackRock Investment Management (Australia) Limited	11,369	11,369		0.01%
BlackRock Investment Management (UK) Limited	865,517	879,774		0.76%
BlackRock Investment Management, LLC	72,750	72,790		0.06%

BlackRock Japan Co., Ltd.	278,635	29,709		0.03%
Subtotal	3,771,326	3,156,739		2.73%
	TOTAL	3,156,739	0	2.73%	0.00%

B) Equivalent financial instruments	After the transaction
Holders of equivalent financial instruments	Type of financial instrument	Expiration Date	Exercise period or date	# of voting rights that may be acquired if the instrument is exercised	% of voting rights	Settlement
BlackRock Advisors (UK) Limited	Securities Lent			28,080	0.02%	physical
BlackRock Investment Management (UK) Limited	Securities Lent			10,605	0.01%	physical
BlackRock Japan Co. Ltd.	Securities Lent			7,198	0.01%	physical
BlackRock Advisors (UK) Limited	Contract for Difference			1,620	0.00%	cash
BlackRock Institutional Trust Company, National Association	Contract for Difference			13,114	0.01%	cash
BlackRock Investment Management (UK) Limited	Contract for Difference			400	0.00%	cash
BlackRock Investment Management, LLC	Contract for Difference			73,783	0.06%	cash

TOTAL

TOTAL (A & B)	# of voting rights	% of voting rights
	3,291,539	2.84%

• Full chain of controlled undertakings through which the holding is effectively held

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock (Singapore) Holdco Pte. Ltd. BlackRock HK Holdco Limited BlackRock Lux Finco S.a.r.l. BlackRock Japan Holdings GK BlackRock Japan Co., Ltd.

BlackRock, Inc. Trident Merger, LLC BlackRock Investment Management, LLC

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Holdco 3, LLC BlackRock Cayman 1 LP BlackRock Cayman West Bay Finco Limited BlackRock Cayman West Bay IV Limited BlackRock Group Limited BlackRock Finance Europe Limited

BlackRock Investment Management (UK) Limited

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Australia Holdco Pty. Ltd. BlackRock Investment Management (Australia) Limited

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Holdco 4, LLC BlackRock Holdco 6, LLC BlackRock Delaware Holdings Inc. BlackRock Institutional Trust Company, National Association

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Holdco 4, LLC BlackRock Holdco 6, LLC BlackRock Delaware Holdings Inc. BlackRock Fund Advisors

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc.

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Capital Holdings, Inc. BlackRock Advisors, LLC BlackRock Capital Management, Inc.

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Capital Holdings, Inc. BlackRock Advisors, LLC

BlackRock (Netherlands) B.V.

• Additional information

The disclosure obligation arose due to total holdings and voting rights attached to shares for BlackRock, Inc. dropping below 3%.

The full text of these notifications is also available on our investor website: http://investors.telenet.be.

Contacts
Investor Relations:	Rob Goyens	[email protected]	+32 15 333 054
	Bart Boone	[email protected]	+32 15 333 699
	Dennis Dendas	[email protected]	+32 15 332 142
Press & Media:	Stefan Coenjaerts	[email protected]	+32 15 335 006
Legal:	Bart van Sprundel	[email protected]	+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 - the world's largest international TV and broadband company, investing, innovating and empowering people in more than 10 countries across Europe to make the most of the digital revolution – owns a direct stake of 57.3% in Telenet Group Holding SA/NV (excluding 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 2018 as well as unaudited condensed consolidated interim financial statements and presentations related to the financial results for the three months ended March 31, 2019 have been made available on the investor relations pages of the Company's website (http://investors.telenet.be).

This document has been released on 8 July 2019 at 6:00 pm CET

AI Terminal

Telenet Group Holding NV

4008_mrq_2019-07-08_0148faa7-e063-48e0-af96-e3d977829c36.pdf

PRESS RELEASE

Disclosure of a transparency notification

• Notified details

• Full chain of controlled undertakings through which the holding is effectively held

• Additional information

More from Telenet Group Holding NV

Talk to a Data Expert