Telenet Group Holding NV

Share Issue/Capital Change • Oct 12, 2011

Press Release

Regulated information October 12, 2011

Disclosure in accordance with the Law of May 2, 2007

October 2011 Update on outstanding securities

Mechelen, October 12, 2011 – 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:

		October 12, 2011	June 30, 2011	Difference
Share Capital	€	293,981,847.51	€ 293,304,491.38	€ 677,356.13
Total number of voting securities Ordinary shares		113,436,410 113,341,537	113,175,044 113,080,171	261,366 261,366
Liquidation Dispreference Shares Golden Shares		94,843 30	94,843 30	0 0
Total number of voting rights (the denominator)		113,262,008	113,175,044	86,964
related to Ordinary shares		113,167,135	113,080,171	86,964
Liquidation Dispreference Shares Golden Shares		94,843 30	94,843 30	0 0
Warrants and Profit Certificates
Warrants (Options on) Profit Certificates		5,567,488 346,025	5,846,274 346,025	-278,786 0

The following share capital movements took place in October 2011:

• October 12, 2011: conversion of 261,366 warrants into 261,366 Ordinary Shares, increasing the share capital of the Company with € 677,356.13 and the issue premium with € 2,972,353.66;
• Until October 12, 2011, the Company has repurchased 174,402 own shares; the voting rights attached to these shares are suspended for as long as they remain in possession of the Company.

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 Financial Services and Markets Authority (FSMA, the successor of the former 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 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 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 Corporate Communications stefan.coenjaerts@staff.telenet.be	Evelyne Nieuwland Corporate Communications evelyne.nieuwland@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 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 2010 and the Consolidated Half Year Financial Report 2011 have been made available on the investor relations pages of our website (www.telenet.be).