Telenet Group Holding NV

M&A Activity • Jun 17, 2014

PRESS RELEASE

Regulated information within the meaning of the Belgian Royal instruments admitted to trading on a regulated market. Decree of 14 November 2007 on the obligations of issuers of financial ecree

Telenet goes full out for Flemish programmes

Mechelen-based company participating in De Vijver Media based company invests in Flemish media landscape again by

Mechelen, 17 June 2014 – Telenet shareholders of De Vijver Media to make sure of Flemish quality programmes Vijver Media via an acquisition of Sanoma's investment in the company of € business partner, Erik Watté, keep keeps 25 % of the shares in De Vijver Media. Woestijnvis the necessary breathing space new financial and technological possibilities continue producing local creative – be submitted to the European Telenet announces today that it has reached an agreement with the that Flemish viewers can still enjoy on channels VIER and VIJF. Telenet acquires a 50% stake in De Sanoma's shares for €26 million and an additional cash €32 million. Wouter Vandenhaute, CEO of De Vijver Media and his 25 % of the shares through their company W&W. Media. Telenet's long-term participation gives space to develop their strategy further, and possibilities are created for the Flemish audiovisu creative top programmes. The agreement will now – Competition Authorities for final approval. the large number net Corelio also gives SBS and and at the same time audiovisual sector to as laid down by law

Thanks to the participation in De Vijver model and, together with channels landscape. Thanks to the growing classic television, the next step is n the best conditions. Telenet believes that in cooperation with VIER and VIJF, it can even richer television experience Media, Telenet is able to give impulses to a new channel channels VIER and VIJF, have a hand in innovating convergence between fixed and mobile services and necessary to allow customers to enjoy the new possibilities under experience for the consumer. the Flemish channel Internet and can help to create an

John Porter, CEO Telenet: "I am Media. Our participation in this innovation in local content, together with an Flemish viewers the best and most modern multimedia entertainment. Media should make this possible convinced that the Flemish media landscape can only Flemish viewers will benefit." I very pleased that we have reached an agreement with De Vijver is extremely creative company heralds a new step for us to achieve , an existing strong channel group. Our objective is to A participation in De Vijver possible. Of course, this is not an obvious step for a cable company, but I am get stronger with this participation and that offer

Wouter Vandenhaute, CEO of De Vijver Media: with confidence. Woestijnvis wants to remain a strong and innovative production h VIJF want to continue growing. corporation, two commercial players, offers the best guarantee in the long term to provide quality to Flemish viewers, who have been spoiled necessary support, their technological know position in a sector which will evolve more and more over the coming years." "Telenet's investment allows us to look at the future A television landscape with, in addition to a public broadcasting spoiled these last two years. Telenet will not only give us the know-how can also seriously help us to carve out a strong house and VIER and how

Luc Missorten, CEO of Corelio, also considers Telenet within De Vijver Media as a partner for strong and sustainable ambitions within the audiovisual sector: "With Mediahuis, we recently launched a strong partnership for the further development and innovation of our print and digital publishing activities. Telenet is a very innovative Flemish media and technology company. This know-how, combined with Woestijnvis's creative contribution and Corelio's journalistic and publishing expertise, offers guarantees for a strong partnership within De Vijver. Corelio is happy to have been the driving force for two strong partnerships in the rapidly changing media landscape."

As a local player in the Flemish media ecosystem, Telenet, for years, has supported a strong audiovisual landscape in Flanders to counterbalance foreign players who are increasing in strength. Telenet supports local channel initiatives such as Studio 100, Ment TV, Acht, (L)Acht, Njam, and LibelleTV. Recently, Telenet renewed its contracts with big broadcasters such as VRT, RTBf and MEDIALAAN and last week again acquired the broadcasting rights for all matches of Belgian top flight football. Thanks to Yelo TV and Rex and Rio, Telenet ensures its customers' viewing experience is constantly improved. In 2012, Telenet launched its STAP initiative, investing 30 million euros in local series and films over 4 years. Het Vonnis, Marina, the FC De Kampioenen film and series such as Met Man en Macht were jointly made possible thanks to Telenet's financial support. The participation in De Vijver Media fits in this strategy of support of strong local audiovisual content.

Telenet underlines that the participation in De Vijver Media will not result in a change in the agreements they have today with other television providers. Telenet will not consolidate De Vijver Media's activities.

Attachment: New shareholder structure De Vijver Media

For more information, contact: Stefan Coenjaerts, spokesmanTelenet, T: 015/33.55.44 - E: stefan.coenjaerts@staff.telenet.be

Kristof Demasure, Spokesperson De Vijver Media, T: 0478/22.06.82 – E: kristof.demasure@devijvermedia.be

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. The company also provides services for companies in Belgium and Luxembourg. Telenet is listed on Euronext Brussels under ticker symbol TNET. For more information, please go to www.telenet.be.