PRESS RELEASE

Disclosure of a transparency notification

The enclosed information constitutes regulated information as defined in the Royal Decree of 14 November 2007 on the obligations of issuers of financial instruments admitted to trading on a regulated market.

Brussels, August 1, 2019 – 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 30 July 2019 and on 31 July 2019, it received two transparency notification dated 29 July 2019 and 31 July 2019 respectively 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 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.

(1) In its notification dated 29 July 2019, received on 30 July 2019, BlackRock, Inc. reports that its total holdings in Telenet (aggregated with its controlled undertakings listed above) has exceeded the 3% threshold on 26 July 2019.
(2) In its notification dated 31 July 2019, received on 31 July 2019, BlackRock, Inc. reports that its total holdings in Telenet (aggregated with its controlled undertakings listed above) has dropped below the 3% threshold on 30 July 2019.

1. TRANSPARENCY NOTIFICATION RECEIVED ON 30 JULY 2019, DATED 29 JULY 2019, THRESHOLD CROSSING ON 26 JULY 2019

The transparency notification received on 30 July 2019 contains the following information:

Reason for the notification Acquisition or disposal of voting securities or voting rights
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,
	79912, Singapore
BlackRock Advisors (UK) Limited	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 Lenbachplatz 1, 1st floor, Munich, 80333-MN3, Germany BlackRock Asset Management North Asia Limited 15/F, 16/F, 17/F Citibank Tower & 17/F ICBC Tower, 3 Garden Road, Central, Hong Kong 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 26, 101 Collins Street, Melbourne, VIC 3000, 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 26 July 2019
Threshold that is crossed 3%
Denominator 115,835,283
Notified details

A) Voting rights	Previous notification	After the transaction
	# 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
BlackRock, Inc.	0	0		0.00%
BlackRock (Netherlands) B.V.	8,524	8,524		0.01%
BlackRock (Singapore) Limited	1,907	1,907		0.00%
BlackRock Advisors (UK) Limited	740,554	651,255		0.56%
BlackRock Advisors, LLC	26,621	27,825		0.02%
BlackRock Asset Management Canada Limited	32,377	32,377		0.03%
BlackRock Asset Management Deutschland AG	88,215	149,599		0.13%
BlackRock Asset Management North Asia Limited	360	595		0.00%
BlackRock Financial Management, Inc.	2,402	4,038		0.00%
BlackRock Fund Advisors	557,775	557,775		0.48%

BlackRock Institutional Trust Company, National Association	813,227	810,866		0.70%
BlackRock International Limited	1,045	1,174		0.00%
BlackRock Investment Management (Australia) Limited	11,369	11,369		0.01%
BlackRock Investment Management (UK) Limited	853,685	922,457		0.80%
BlackRock Investment Management, LLC	72,750	76,109		0.07%
BlackRock Japan Co., Ltd.	43,910	86,696		0.07%
Subtotal	3,254,721	3,342,566		2.89%
	TOTAL	3,342,566	0	2.89%	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			19,006	0.02%	Physical
BlackRock Investment Management (UK) Limited	Securities Lent			10,605	0.01%	Physical
BlackRock Japan Co., Ltd.	Securities Lent			22,506	0.02%	Physical
BlackRock Advisors (UK) Limited	Contract for Difference			1,620	0.00%	Cash
BlackRock Institutional Trust Company, National Association	Contract for Difference			29,901	0.03%	Cash
BlackRock Investment Management (UK) Limited	Contract for Difference			1,023	0.00%	Cash
BlackRock Investment Management, LLC	Contract for Difference			73,783	0.06%	Cash
TOTAL			158,444	0.14%

	3,501,010	rights 3.02%
TOTAL (A & B)	# of voting rights	% of voting

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 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 Holdco 3, LLC BlackRock Cayman 1 LP BlackRock Cayman West Bay Finco Limited BlackRock Cayman West Bay IV Limited BlackRock Group Limited BlackRock Finance Europe 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 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

Additional information

The disclosure obligation arose due to total holdings in Telenet for BlackRock, Inc. going above 3%.

2. TRANSPARENCY NOTIFICATION RECEIVED ON 31 JULY 2019, DATED 31 JULY 2019, THRESHOLD CROSSING ON 30 JULY 2019

The transparency notification received on 31 July 2019 contains the following information:

Reason for the notification

Acquisition or disposal of financial instruments that are treated as voting securities Downward crossing of the lowest threshold

Notification by

A parent company or a controlling person

Persons subject to the notification requirement

BlackRock (Netherlands) B.V. Rembrandt Tower, 17th Amstelplein, Amsterdam, Netherlands BlackRock (Singapore) Limited 79912, Singapore BlackRock Advisors (UK) Limited 12 Throgmorton Avenue, EC2N 2DL, U.K. BlackRock Advisors, LLC DE, 19809, U.S.A. BlackRock Asset Management Canada Limited Ontario, M5J 2S1, Canada BlackRock Asset Management Lenbachplatz 1, 1st Deutschland AG 80333-MN3, Germany	BlackRock, Inc.	55 East 52nd Street, New York, NY, 10055, U.S.A.
		floor,
		20 Anson Road #18-01, Singapore,
		London,
		100 Bellevue Parkway, Wilmington,
		161 Bay Street, Suite 2500, Toronto,
		floor, Munich,

BlackRock Asset Management North Asia Limited	15/F, 16/F, 17/F Citibank Tower & 17/F ICBC Tower, 3 Garden Road, Central, Hong Kong
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,	400 Howard Street, San Francisco,
National Association	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 26, 101 Collins Street, Melbourne, VIC 3000, 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 30 July 2019
Threshold that is crossed 3%
Denominator 115,835,283

Notified details

Voting rights	Previous notification	After the transaction
	# 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
BlackRock, Inc.	0	0		0.00%
BlackRock (Netherlands) B.V.	8,524	8,524		0.01%
BlackRock (Singapore) Limited	1,907	1,907		0.00%
BlackRock Advisors (UK) Limited	651,255	494,167		0.43%
BlackRock Advisors, LLC	27,825	27,825		0.02%
BlackRock Asset Management Canada Limited	32,377	32,377		0.03%
BlackRock Asset Management Deutschland AG	149,599	87,016		0.08%
BlackRock Asset Management North Asia Limited	595	360		0.00%
BlackRock Financial Management, Inc.	4,038	3,573		0.00%
BlackRock Fund Advisors	557,775	557,365		0.48%
BlackRock Institutional Trust Company, National Association	810,866	810,443		0.70%
BlackRock International Limited	1,174	1,174		0.00%

BlackRock Investment Management (Australia) Limited	11,369	11,369	0.01%
BlackRock Investment Management (UK) Limited	922,457	878,603	0.76%
BlackRock Investment Management, LLC	76,109	72,750	0.06%
BlackRock Japan Co., Ltd.	86,696	177,397	0.15%
Subtotal	3,342,566	3,164,850	2.73%
	TOTAL	3,164,850	2.73%

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			18,557	0.02%	Physical
BlackRock Investment Management (UK) Limited	Securities Lent			10,605	0.01%	Physical
BlackRock Japan Co. Ltd.	Securities Lent			22,506	0.02%	Physical
BlackRock Advisors (UK) Limited	Contract for Difference			1,620	0.00%	Cash
BlackRock Institutional Trust Company, National Association	Contract for Difference			28,981	0.03%	Cash
BlackRock Investment Management (UK) Limited	Contract for Difference			400	0.00%	Cash
BlackRock Investment Management, LLC	Contract for Difference			73,783	0.06%	Cash
TOTAL			156,452	0.14%

	3,321,302	rights 2.87%
TOTAL (A & B)	# of voting rights	% of voting

Full chain of controlled undertakings through which the holding is effectively held

Name

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 Holdco 3, LLC BlackRock Cayman 1 LP BlackRock Cayman West Bay Finco Limited BlackRock Cayman West Bay IV Limited BlackRock Group Limited BlackRock Finance Europe Limited BlackRock Investment Management (UK) Limited

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 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 Capital Holdings, Inc. BlackRock Advisors, LLC

Additional information

The disclosure obligation arose due to total holdings for BlackRock, Inc. going below 3%.

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

Contacts

Investor Relations:	Rob Goyens	[email protected]	+32 15 333 054
	Bart Boone	[email protected]	+32 15 333 699
	Dennis Dendas	[email protected]	+32 15 332 142
Press & Media:	Stefan Coenjaerts	[email protected]	+32 15 335 006
Legal:	Bart van Sprundel	[email protected]	+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. Liberty Global - the world's largest international TV and broadband company, investing, innovating and empowering people in more than 10 countries across Europe to make the most of the digital revolution – owns a direct stake of 57.3% in Telenet Group Holding SA/NV (excluding any treasury shares held by the latter from time to time).

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 2018 as well as unaudited condensed consolidated interim financial statements and presentations related to the financial results for the six months ended June 30, 2019 have been made available on the investor relations pages of the Company's website (http://investors.telenet.be).

This document has been released on August 1, 2019 at 6:00 pm CET

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PRESS RELEASE

Disclosure of a transparency notification

1. TRANSPARENCY NOTIFICATION RECEIVED ON 30 JULY 2019, DATED 29 JULY 2019, THRESHOLD CROSSING ON 26 JULY 2019

Name

Additional information

2. TRANSPARENCY NOTIFICATION RECEIVED ON 31 JULY 2019, DATED 31 JULY 2019, THRESHOLD CROSSING ON 30 JULY 2019

Reason for the notification

Notification by

Persons subject to the notification requirement

Notified details

Name

Additional information

Contacts

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