Telenet Group Holding NV

Share Issue/Capital Change • Sep 25, 2012

Press Release

Regulated information September 25, 2012

Disclosure in accordance with the Law of May 2, 2007

September 2012 Update on outstanding securities and voting rights

Mechelen, September 25, 2012 – Telenet Group Holding NV ("Telenet" or "the Company") (Euronext Brussels: TNET) hereby discloses information in accordance with Article 15 of the Law of May 2, 2007 and the related Royal Decree of February 14, 2008:

	September 25, 2012	August 30, 2012	Difference
Share Capital	€ 12.326.212,87	€ 12.280.392,23	€ 45.820,64
Total number of voting securities (the denominator)	113.366.636	113.593.687	-227.051
Ordinary shares	113.271.763	113.498.814	-227.051
Liquidation Dispreference Shares	94.843	94.843	0
Golden Shares	30	30	0
Total number of voting rights related to	113.146.284	112.724.751	421.533
Ordinary shares	113.051.411	112.629.878	421.533
Liquidation Dispreference Shares	94.843	94.843	0
Golden Shares	30	30	0
Warrants
Warrants	4.838.901	5.259.223	-420.322

Since August 30, 2012, the following movements took place in the share capital and in the number of outstanding voting rights:

• On September 25, 2012, all 648,584 own shares repurchased by the Company under the Share Repurchase Program 2012 were cancelled by the Company;
• A minor correction was made in the number of outstanding Warrants, amounting 1,211 Warrants;
• On September 25, 2012, 421,533 warrants were converted into 421,533 ordinary shares. As a result thereof, the share capital of the Company was increased with € 45,820.64 and the issue premiums were increased with € 5,473,970.89.

The rights attached to the Golden Shares and to the Liquidation Dispreference Shares are described in Telenet's articles of association, available on our website.

Each Warrant gives the right to subscribe to one ordinary share under the conditions set out in the terms and conditions of the Stock Option Plan 2007, Stock Option Plan 2008, Stock Option Plan 2009 and Stock Option Plan 2010.

Any increase above (or decrease below) the following thresholds, requires a declaration to Telenet and the Financial Services and Markets Authority (FSMA):

• 1. 3% statutory threshold, as set out by the articles of association of the Company;
• 1. 5% or each multiple of 5%, as set out by Belgian law.

Transparency declaration forms are still available on the website of the FSMA: http://www.fsma.be/nl/Supervision/fm/gv/ah/circah/ov.aspx

A detailed guide for completing a transparency declaration is also available on the website of the FSMA: http://www.fsma.be/~/media/Files/circah/NL/gv/ah/cbfa\_2008\_16.ashx

The transparency declaration form should be submitted to:

• 1. the FSMA (email trp.fin@fsma.be and fax* +32 2 220 59 12)
• 1. Telenet (email investor.relations@staff.telenet.be and fax* +32 +32 15 33 59 59)

* For reasons of legal certainty

This information is also available on our investors website http://investors.telenet.be

Contacts

	Investor Relations:
	Vincent Bruyneel		Rob Goyens
	SVP Strategy, Investor Relations & Corp. Comm. vincent.bruyneel@staff.telenet.be Phone: +32 15 335 696		Director Investor Relations & Strategic Planning rob.goyens@staff.telenet.be Phone: +32 15 333 054
Legal:	Dieter Nieuwdorp VP Corporate Counsel – Legal dieter.nieuwdorp@staff.telenet.be Phone: +32 15 33 58 62	Press:	Evelyne Nieuwland Corporate Communications evelyne.nieuwland@staff.telenet.be Phone: +32 15 33 55 44

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 for 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 our 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. Our Consolidated Annual Report 2011 and the Consolidated Half Year Report 2012 have been made available on the investor relations pages of our website (investors.telenet.be).