Telenet Group Holding NV

Major Shareholding Notification • Mar 7, 2016

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

Disclosure of a transparency notification

Mechelen, March 7, 2016 – Telenet Group Holding NV ("Telenet" or the "Company") (Euronext Brussels: TNET) hereby discloses the following information in accordance with Article 14, first paragraph, of the Law of May 2, 2007 and the related Royal Decree of February 14, 2008:

1. Summary of the notification

On March 4, 2016, Telenet received a transparency notification from Norges Bank (the Central Bank of Norway) in accordance with Article 6 of the Law of May 2, 2007. This transparency notification shows that following the sale of shares holding voting rights in Telenet on March 2, 2016, Norges Bank now holds 2.43% of the voting rights of Telenet. Norges Bank has therefore fallen below the 3% threshold.

2. Contents of the notification

The notification received from Norges Bank and dated March 4, 2016 contains the following information:

• Purpose of the notification

Acquisition or disposal of voting securities or voting rights. Downward crossing of the lowest threshold.

• Notification by A person that notifies alone.

• Persons obligated to notify Norges Bank (the Central Bank of Norway), with registered office at Bankplassen 2, P.O. Box 1179, Sentrum, 0107 Oslo, Norway.

• Transaction date March 2, 2016.
• Exceeded threshold 3%.
• Denominator 117,278,706.

• Details of the notification

A) Voting rights	Previous notification	After the transaction
	# of 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
Norges Bank	3,531,612	2,846,045		2.43%
TOTAL		2,846,045		2.43%

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
	TOTAL		(in relation to all expiration dates)

TOTAL (Voting rights & Equivalent financial instruments)	# of voting rights	% of voting rights
	2,846,045	2.43%

• Additional information

Norges Bank is the central bank of Norway. As part of its central bank activities, Norges Bank manages Norway's foreign exchange reserves and is responsible for management of the Norwegian Government Pension Fund Global (GPFG). The formal responsibility for management of the GPFG is placed with the Ministry of Finance, but is delegated to Norges Bank. All investments are executed by Norges Bank acting as principal and all holdings are registered in the name of Norges Bank.

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

Contacts

Investor Relations:	Rob Goyens	– rob.goyens@staff.telenet.be	– Phone: +32 15 333 054
	Thomas Deschepper	– thomas.deschepper@staff.telenet.be	– Phone: +32 15 366 645
Press & Media Relations:	Stefan Coenjaerts	– stefan.coenjaerts@staff.telenet.be	– Phone: +32 15 335 006
Legal:	Bart van Sprundel	– bart.van.sprundel@staff.telenet.be	– Phone: +32 15 333 495

About Telenet – Telenet is a leading provider of media and telecommunication services. Its business comprises the provision of cable television, high speed internet and fixed and mobile telephony services, primarily to residential customers in Flanders and Brussels. In addition, Telenet offers services to business customers across Belgium under the brand Telenet Business. Telenet is listed on the Euronext Brussels Stock Exchange under the ticker symbol TNET and is part of the BEL20 stock market index.

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 2014 as well as unaudited condensed consolidated financial statements and presentations related to the financial results for the year ended December 31, 2015 have been made available on the investor relations pages of the Company's website (http://investors.telenet.be).