Full Year 2009 Results

Mechelen, February 24, 2010 - Telenet Group Holding NV ("Telenet" or the "Company") (Euronext Brussels: TNET) announces its unaudited consolidated results under International Financial Reporting Standards as adopted by the European Union ("EU GAAP") for the full year ended December 31, 2009. HIGHLIGHTS n  FY 2009 net additions exceeded 2008 levels: broadband internet (131,000, up 28% yoy), Telenet Digital TV (329,000, up 51% yoy) and fixed telephony (112,000, up 38% yoy); n  New mobile offers and targeted campaigns resulted in sharp rise in new subscribers (+24,000 in Q4 2009); n  Revenue of ?1,197.4 million, up 18% compared to prior year, yielding organic growth of 9%; n  Adjusted EBITDA((1) )up 20% year-on-year to ?607.7 million including a nonrecurring post-employment benefit expense of ?6.6 million, implying an Adjusted EBITDA margin of 50.7%; n  Accrued capital expenditures((2) )of ?317.6 million, including ?103.9 million related to set-top box rental; n  Free Cash Flow((3) )growth of 38% to ?166.9 million, equivalent to 14% of revenue; n  Strong improvement in net profit compared to prior year, positively impacted by nonrecurring tax credit; n  Outlook FY 2010 foresees around 8% top line growth, Adjusted EBITDA margin of close to 50% and accrued capital expenditures of around 23% of revenue, resulting in strong free cash flow growth; n  Proposed extraordinary shareholder disbursement of ?2.23 per share. Enclosed you will find the complete press release. [HUG#1388213] Press release: http://hugin.info/136600/R/1388213/346429.pdf