Telenet Group Holding NV

Share Issue/Capital Change • Dec 31, 2010

Press Release

Regulated information December 31, 2010

Disclosure in accordance with the Law of May 2, 2007

December 2010 Update on outstanding securities

Mechelen, December 31, 2010 – 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:

		December 31, 2010	November 30, 2010	Difference
Share Capital	€	797.349.673,48	€ 796.432.241,66	€ 917.431,82
Total number of voting securities		112.428.040	112.298.642	129.398
Ordinary shares		112.333.167	112.203.769	129.398
Liquidation Dispreference Shares		94.843	94.843	0
Golden Shares		30	30	0
Total number of voting rights (the denominator) related to		112.428.040	112.298.642	129.398
Ordinary shares		112.333.167	112.203.769	129.398
Liquidation Dispreference Shares		94.843	94.843	0
Golden Shares		30	30	0
Warrants and Profit Certificates
Warrants (Options on) Profit Certificates		5.705.357 334.675	5.855.028 334.675	-149.671 0

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 option on a Profit Certificate gives the right to subscribe to one Profit Certificate. After a certain period, Profit Certificates can be exchanged against ordinary shares on a one-for-one basis. 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 Banking, Finance and Insurance Commission (CBFA):

• 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 available on the website of the CBFA: http://www.cbfa.be/eng/gv/ah/circ/pdf/TR-1BE.xls

A detailed guide for completing a transparency declaration is also available on the website of the CBFA: http://www.cbfa.be/eng/gv/ah/circ/pdf/cbfa\_2008\_16.pdf

The transparency declaration form should be submitted to:

• 1. the CBFA (email trp.fin@cbfa.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 website www.telenet.be.

Contacts

Legal:	Dieter Nieuwdorp
	VP Corporate Counsel – Legal
	dieter.nieuwdorp@staff.telenet.be
	Phone: +32 15 33 58 62
	Fax: +32 15 33 59 59
	Liersesteenweg 4 – 2800 Mechelen – Belgium

Press: Stefan Coenjaerts Isabelle Geeraerts Corporate Communications Corporate Communications stefan.coenjaerts@staff.telenet.be isabelle.geeraerts@staff.telenet.be Telefoon: +32 15 33 55 44 Telefoon: +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 Solutions. Telenet is listed on the Euronext Brussels Stock Exchange under the ticker symbol TNET.
• Additional Information – Additional information on Telenet and its products can be obtained from our 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. Our Consolidated Annual Report 2009 and Consolidated Half Year Financial Report 2010 have been made available on the investor relations pages of our website (www.telenet.be).