Telenet Group Holding NV

Major Shareholding Notification • Mar 12, 2018

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, 12 March 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 12 March 2018, it received a transparency notification dated 12 March 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 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 of 12 March 2018, BlackRock, Inc. reports that its ultimate shareholding in Telenet (aggregated with its controlled undertakings listed above), with respect to voting rights only, has risen above the 5% threshold on 8 March 2018.

The transparency notification of 12 March 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,
BlackRock (Singapore) Limited	Amstelplein, Amsterdam, Netherlands 20 Anson Road #18-01, Singapore,
BlackRock Advisors (UK) Limited	79912, Singapore 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,
BlackRock Capital Management, Inc.	Hong Kong 100 Bellevue Parkway, Wilmington, DE, 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 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 8 March 2018
• Threshold that is crossed 5%
• 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	0.00%	0.00%
BlackRock (Netherlands) B.V.	8,524	8,524	0	0.01%	0.00%
BlackRock (Singapore) Limited	4,670	4,670	0	0.00%	0.00%
BlackRock Advisors (UK) Limited	608,845	610,835	0	0.52%	0.00%
BlackRock Advisors, LLC	39,373	39,373	0	0.03%	0.00%
BlackRock Asset Management Canada Limited	28,299	28,299	0	0.02%	0.00%
BlackRock Asset Management Deutschland AG	122,089	122,089	0	0.10%	0.00%
BlackRock Asset Management North Asia Limited	360	360	0	0.00%	0.00%
BlackRock Capital Management, Inc.	0	102	0	0.00%	0.00%
BlackRock Financial Management, Inc.	12,619	12,619	0	0.01%	0.00%
BlackRock Fund Advisors	693,490	694,440	0	0.59%	0.00%
BlackRock Institutional Trust Company, National Association	797,642	797,626	0	0.68%	0.00%
BlackRock International Limited	57,870	57,870	0	0.05%	0.00%
BlackRock Investment Management (Australia) Limited	12,898	12,898	0	0.01%	0.00%
BlackRock Investment Management (UK) Limited	3,345,800	3,365,423	0	2.86%	0.00%

BlackRock Investment	58,245	58,279	0	0.05%	0.00%
Management, LLC
BlackRock Japan Co., Ltd.	65,823	143,012	0	0.12%	0.00%
Subtotal	5,856,187	5,956,419		5.06%
	TOTAL	5,956,419	0	5.06%	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			5,274	0.00%	physical
BlackRock Investment Management (UK) Limited	Securities Lent			70,512	0.06%	physical
BlackRock Advisors (UK) Limited	Contract For Difference			47	0.00%	cash
BlackRock Advisors, LLC	Contract For Difference			31	0.00%	cash
BlackRock Institutional Trust Company, National Association	Contract For Difference			3,379	0.00%	cash
BlackRock International Limited	Contract For Difference			258	0.00%	cash
BlackRock Investment Management (UK) Limited	Contract For Difference			10,838	0.01%	cash
BlackRock Investment Management, LLC	Contract For Difference			6,071	0.01%	cash
	TOTAL			96,410	0.08%

TOTAL (A & B)	# of voting rights % of voting
		rights
	6,052,829	5.14%

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 Group 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 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 BlackRock Capital Management, Inc.

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 Asset Management North Asia Limited

BlackRock, Inc. BlackRock Holdco 2, Inc.

BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Group Limited BlackRock Investment Management (UK) Limited BlackRock Asset Management Deutschland AG

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

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Group Limited BlackRock Advisors (UK) Limited

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 (Singapore) Limited

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Group Limited BlackRock (Netherlands) B.V.

Additional information

The disclosure obligation arose due to voting rights attached to shares for BlackRock, Inc. going above 5%.

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

Contacts
Investor Relations:	Rob Goyens	rob.goyens@telenetgroup.be	+32 15 333 054
	Bart Boone	bart.boone@telenetgroup.be	+32 15 333 699
	Dennis Dendas	dennis.dendas@telenetgroup.be	+32 15 332 142
Press & Media:	Stefan Coenjaerts	stefan.coenjaerts@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. Telenet is 57% owned by Liberty Global the world's largest international TV and broadband company, investing, innovating and empowering people in more than 30 countries across Europe, Latin America and the Caribbean 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 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 2016 as well as unaudited condensed consolidated interim financial statements and presentations related to the financial results for the year ended 31 December 2017 have been made available on the investor relations pages of the Company's website (http://investors.telenet.be).

This document has been published on 12 March 2018 at 18:05 CET