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, 6 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 5 November 2018, it received a transparency notification dated 5 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 5 November 2018, BlackRock, Inc. reports that its ultimate shareholding in Telenet (aggregated with its controlled undertakings listed above), with respect to voting rights only, has fallen below the 3% threshold on 2 November 2018.

The transparency notification of 5 November 2018 contains the following information:

Reason for the notification Acquisition or disposal of financial instruments that are treated as voting securities
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	161 Bay Street, Suite 2500, Toronto,
Limited	Ontario, M5J 2S1, Canada
BlackRock Asset Management	Max-Joseph-Straße 6, Munich, 80333,
Deutschland AG	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 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,	400 Howard Street, San Francisco,
National Association	CA, 94105, U.S.A.

BlackRock Investment Management (Australia) Limited BlackRock Investment Management (UK) Limited BlackRock Investment Management, LLC BlackRock Japan Co., Ltd. 1-8-3 Marunouchi Chiyoda-ku, Trust

BlackRock International Limited Exchange Place One, 1 Semple Street, Edinburgh, EH3 8BL, U.K. Level 37, Chifley Tower, 2 Chifley Square, Sydney NSW 2000 Australia 12 Throgmorton Avenue, London, EC2N 2DL, U.K. 1 University Square Drive, Princeton, NJ, 8540, U.S.A. Tower Main, Tokyo, 100-8217, Japan

Date on which the threshold is crossed 2 November 2018
Threshold that is crossed 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	Not linked to	Linked to	Not linked
		securities	the securities	securities	to the
					securities
BlackRock, Inc.	0	0		0.00%
BlackRock (Netherlands) B.V.	8,524	8,524		0.01%
BlackRock (Singapore) Limited	4,670	2,897		0.00%
BlackRock Advisors (UK) Limited	639,851	547,178		0.46%
BlackRock Advisors, LLC	39,373	38,144		0.03%
BlackRock Asset	28,299	535		0.00%
Management Canada
Limited
BlackRock Asset	120,739	105,054		0.09%
Management Deutschland
AG
BlackRock Asset	360	5,749		0.00%
Management North Asia
Limited BlackRock Financial	4,644	3,489		0.00%
Management, Inc.
BlackRock Fund Advisors	696,142	646,283		0.55%
BlackRock Institutional Trust	791,203	713,514		0.61%
Company, National
Association
BlackRock International	57,870	2,271		0.00%
Limited
BlackRock Investment	12,898	13,187		0.01%
Management (Australia)
Limited
BlackRock Investment	3,119,741	1,178,862		1.00%
Management (UK) Limited
BlackRock Investment	58,245	137,421		0.12%
Management, LLC
BlackRock Japan Co., Ltd.	52,090	94,289		0.06%
Subtotal	5,634,649	3,497,397		2.97%

TOTAL	3,497,397	0	2.97%	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			191,853	0.16%	physical
BlackRock Asset Management Canada Limited	Securities Lent			30,314	0.03%	physical
BlackRock Investment Management (UK) Limited	Securities Lent			12,743	0.01%	physical
	TOTAL			234,910	0.20%

TOTAL (A & B)	# of voting rights % of voting
		rights
	3,732,307	3.17%

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 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 International 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

Additional information

The disclosure obligation arose due to voting rights attached to shares for BlackRock, Inc. going below 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).

This document has been published on 6 November 2018 at 18:05 CET

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