Liberty Ups Stake in Telenet

ENGLEWOOD, June 21: Belgian Cable Investors, controlled by
Liberty Global, has exercised its option to acquire a further 18.668 million
shares in Belgian cable operator Telenet Group Holding for 466.7 million euros.

The deal increases Liberty’s interest in Belgium’s largest
cable platform from 31.32 percent to 49.7 percent. The shares are being
purchased from existing shareholders of Telenet.

Mike Fries, the president and CEO of Liberty Global, noted:
“It was a logical next step for us to exercise these options given their
expiration dates and terms.”

Telenet offers cable television, voice and broadband
services to residential customers. At March 31, 2007, Telenet had approximately
3,047,000 revenue generating units including 1,761,000 video RGUs (of which
281,000 were digital video RGUs), 482,000 voice RGUs and 804,000 broadband
Internet RGUs.