Telenet Group Holding NV

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, 27 November 2018 – 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 27 November 2018, it received a transparency notification dated 16 November 2018 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 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 of 27 November 2018, BlackRock, Inc. reports that its total ultimate shareholding in Telenet (aggregated with its controlled undertakings listed above) has fallen below the 3% threshold on 14 November 2018.

The transparency notification of 27 November 2018 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.	Rembrandt Tower, 17th 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 Limited	161 Bay Street, Suite 2500, Toronto, Ontario, M5J 2S1, Canada
	BlackRock Asset Management Deutschland AG	Max-Joseph-Straße 6, Munich, 80333, Germany
	BlackRock Asset Management North Asia Limited	15/F, 16/F, 17/F Citibank Tower & 17/F ICBC Tower, 3 Garden Road, Central, Hong Kong
	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 37, Chifley Tower, 2 Chifley Square, Sydney NSW 2000 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 14 November 2018
Threshold that is crossed 3%

Management, LLC

BlackRock Japan Co., Ltd. 94.289

	A) Voting rights	Previous notification	After the transaction
	Notified details
	Denominator 117,716,323
	3%

Denominator 117,716,323
Notified details
A) 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
BlackRock (Netherlands) B.V.	8.524
BlackRock (Singapore) Limited	2.897
BlackRock Advisors (UK) Limited	547.178
BlackRock Advisors, LLC	38.144
BlackRock Asset Management Canada Limited	535
BlackRock Asset Management Deutschland AG	105.054
BlackRock Asset Management North Asia Limited	5.749
BlackRock Financial Management, Inc.	3.489
BlackRock Fund Advisors	646.283
BlackRock Institutional Trust Company, National Association	713.514
BlackRock International Limited	2.271
BlackRock Investment Management (Australia) Limited	13.187
BlackRock Investment Management (UK) Limited	1.178.862
BlackRock Investment	137.421

Subtotal	3.497.397
	TOTAL

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

TOTAL (A & B)	# of voting rights % of voting	rights

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

Name

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 Trident Holding Company Limited 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 International Holdings, Inc.

BR Jersey International Holdings L.P. BlackRock Holdco 3, LLC BlackRock Canada Holdings LP BlackRock Canada Holdings ULC BlackRock Asset Management Canada Limited

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

Additional information

L'obligation de divulgation découle du nombre total de participations avec droits de vote de BlackRock, Inc. inférieures à 3%.

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

Contacts
Investor Relations:	[email protected]	+32 15 333 054
	[email protected]	+32 15 333 699
	[email protected]	+32 15 332 142
Press & Media:	[email protected]	+32 15 335 006
Legal:	[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. Telenet is 58% owned by 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

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 2017 as well as unaudited condensed consolidated financial statements and presentations related to the financial results for the nine months ended September 30, 2018 have been made available on the investor relations pages of the Company's website (http://investors.telenet.be).

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4008_mrq_2018-11-27_ccdaaf35-00b5-45d8-932a-5c148ccd1def.pdf

PRESS RELEASE

Disclosure of a transparency notification

Name

This document has been published on 27 November 2018 at 18:00 CET

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