Telenet Group Holding NV

Transaction in Own Shares • Jan 24, 2022

Press release

Update on Share Repurchase Program 2021

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.

Mechelen, January 24, 2022 – Telenet Group Holding NV ("Telenet" or the "Company") (Euronext Brussels: TNET) hereby discloses certain information in relation to its Share Repurchase Program 2021, in accordance with Article 8:4 of the Royal Decree of April 29, 2019 implementing the Belgian Code on Companies and Associations. Under this program, the Company has granted a discretionary mandate to an independent financial intermediary to repurchase up to 1.1 million shares for a maximum amount of €45.0 million for a three-month period, effective as from November 26, 2021.

In the framework of the Share Repurchase Program 2021, as announced on October 28, 2021, the Company repurchased 79,276 common shares in the period from January 17, 2022 up to and including January 21, 2022. The shares were repurchased at an average price of €33.96 per share for a total consideration of €2.7 million.

Date of repurchase	Number of shares	Average price paid (€)	Highest price paid (€)	Lowest price paid (€)	Total (€)	Exchange
January 17, 2022	16,000	33.82	34.08	33.46	541,154	Euronext Brussels
January 18, 2022	15,276	33.89	34.06	33.60	517,765	Euronext Brussels
January 19, 2022	16,000	34.10	34.32	33.98	545,555	Euronext Brussels
January 20, 2022	16,000	34.06	34.46	33.72	544,971	Euronext Brussels
January 21, 2022	16,000	33.93	34.10	33.46	542,901	Euronext Brussels
Total	79,276	33.96			2,692,346

As a result of the aforementioned market transactions, the Company repurchased in total 637,985 own shares under the Share Repurchase Program 2021 for an aggregate amount of €21.4 million. The repurchased shares under this program will be used to cover future obligations under the Company's share incentive plans or will be cancelled to the extent the repurchased shares would exceed such obligations.

The Company currently holds 5,022,354 own shares (previous update as per January 17, 2022: 4,943,078 own shares), representing 4.41% of the total number of outstanding shares (previous update as per January 17, 2022: 4.34%).

This information will also be available on the investor relations pages of our website (investors.telenet.be) under the Shareholders section.

Contacts Investor Relations:	Rob Goyens Bart Boone	rob.goyens@telenetgroup.be bart.boone@telenegroup.be	+32 15 333 054 +32 15 333 738
Press & Media:	Stefan Coenjaerts	stefan.coenjaerts@telenetgroup.be	+32 15 335 006
Legal:	Bart van Sprundel	bart.van.sprundel@telenetgroup.be	+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 - one of the world's leading converged video, broadband and communications companies, innovating and empowering people in six countries across Europe to make the most of the digital revolution – owns a direct stake of 58.3% in Telenet Group Holding 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 2020 as well as unaudited condensed consolidated interim financial statements and presentations related to the financial results for the nine months ended September 30, 2021 have been made available on the investor relations pages of the Company's website (http://investors.telenet.be).

This document has been released on January 24, 2022 at 6:00 pm CET