Telenet Group Holding NV

Transaction in Own Shares • May 8, 2012

Press Release

Regulated information May 8, 2012

Disclosure in accordance with the Royal Decree of January 30, 2001

Update on Share Repurchase Program 2012

Mechelen, May 8, 2012 – Telenet Group Holding NV ("Telenet" or "the Company") (Euronext Brussels: TNET) hereby discloses information in accordance with Article 207 of the Royal Decree of January 30, 2001 in execution of the Belgian Company Code:

Under the Share Repurchase Program 2012 as announced on February 16, 2012, the Company reports today that during the period from April 25 until May 7, 2012, the following transactions took place on the regulated market of NYSE Euronext Brussels:

Date of repurchase	Number of shares	Average price	Highest Price	Lowest price	Total
April 25, 2012	10,000	€ 32.0748	€ 32.460	€ 31.915	€ 320,748.00
April 26, 2012	10,000	€ 31.9071	€ 32.095	€ 31.730	€ 319,071.00
April 27, 2012	10,000	€ 32.1579	€ 32.280	€ 31.880	€ 321,579.00
April 30, 2012	10,000	€ 32.2741	€ 32.425	€ 31.990	€ 322,741.00
May 2, 2012	10,000	€ 32.4591	€ 32.675	€ 32.285	€ 324,591.00
May 4, 2012	20,000	€ 33.1849	€ 33.410	€ 32.990	€ 663,698.00
May 7, 2012	9,652	€ 32.0227	€ 32.180	€ 31.755	€ 309,083.10

The Company currently holds 300,004 own shares in total (previous update: 1,020,844 own shares), representing 0.26 % of the total outstanding shares (previous update: 0.90 %).

All repurchased shares under the Share Repurchase Program 2012 (currently 79,652 own shares) will be cancelled by the Company. The extraordinary general shareholders meeting of April 25, 2012 has already cancelled 800,492 own shares under the Share Repurchase Program 2012.

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

Contacts

	Investor Relations:
	Vincent Bruyneel SVP Strategy, Investor Relations & Corp. Comm. vincent.bruyneel@staff.telenet.be Phone: +32 15 335 696		Rob Goyens Manager Investor Relations 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:	Stefan Coenjaerts Corporate Communications stefan.coenjaerts@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 has been made available on the investor relations pages of our website (investors.telenet.be).