Liberty Global Reports Fiscal 2008 Results

ENGLEWOOD, Colorado — Liberty Global, Inc. (“Liberty Global,” “LGI,” or the “Company”) (NASDAQ: LBTYA, LBTYB and LBTYK), today announces financial and operating results for the fourth quarter (“Q4”) and year ended December 31, 2008.

Subscriber Statistics

At December 31, 2008, we provided our 16.9 million customers a total of 26.5 million services, consisting of 15.6 million video, 6.2 million broadband internet and 4.7 million telephony RGUs. During the fourth quarter, we grew our subscriber base by 1.3 million RGUs, including 284,000 organic additions. This organic growth compares to an average of 255,000 organic additions over the previous three quarters of 2008. For the year ended December 31, 2008, we added 2.4 million subscribers, including 1.0 million organic RGU additions, and as a result, achieved a 10% increase to our RGU base in 2008.

A key driver of our 2008 RGU results was growth in our advanced services. For both the quarter and year ended December 31, 2008, we achieved record organic advanced service subscriber gains, adding 839,000 and 2.8 million RGUs, respectively. This growth meaningfully contributed to our bundled penetration rates at December 31, 2008, as 38% of our customers subscribed to two or more products, of which approximately half were tripleplay customers. As compared to 2007, we increased our triple-play customer base by 27% or 681,000 customers, and overall, we increased our total bundled customer base by 18% or 994,000 customers. During the fourth quarter, video competition continued to impact our business, as we experienced an organic loss of 54,000 video RGUs. Nonetheless, comparing our fourth quarter results to the prior three quarters of 2008, our organic video RGU loss in Europe was the lowest of the year. This was largely a result of improvements in our Austrian, Polish and Czech video businesses.

With 501,000 organic RGU additions during Q4, digital video, including both digital cable and DTH, remained our strongest growing business line for the seventh consecutive quarter. Digital cable performed especially well, generating a record 468,000 organic RGU additions in the fourth quarter. With 1.4 million organic RGU additions in 2008, digital cable growth improved by more than 50% as compared to 2007, driven by notable improvements in the Netherlands, Austria, our central and eastern European (“CEE”) markets and VTR. As a result, our digital cable penetration10 increased from 25% to 36% in the last twelve months. We also experienced the growing success of our DVR, HD and VoD products as we continue to expand these services across our footprint. In the Netherlands, nearly 50% of our digital customer base subscribes to our DVR and/or HD services and in Japan, we increased the HD-DVR subscriber base by 59% year-over-year.

Consolidated Operating Data (video) – December 31, 2008:

                                                  Subscribers
                                  ----------------------------------------       Total
                                     Analog    Digital                           Video
                                      Cable      Cable        DTH     MMDS       Homes
                                  ---------  ---------  ---------  -------  ----------
UPC Broadband Division:
  The Netherlands                 1,396,400    648,000          --        --   2,044,400 
  Switzerland                     1,209,100    347,000          --        --   1,556,100 
  Austria                           383,300    171,700          --        --     555,000 
  Ireland                           217,000    233,100          --   87,200     537,300 
    Total Western Europe          3,205,800  1,399,800          --   87,200   4,692,800 
  Hungary                           593,900     79,400    183,000        --     856,300 
  Romania                           998,200    109,900    155,300        --   1,263,400 
  Poland                            941,400     79,100          --        --   1,020,500 
  Czech Republic                    265,200    294,000    121,700        --     680,900 
  Slovakia                          225,400     29,300     31,500    5,500     291,700 
  Slovenia                          147,200     10,000          --    4,000     161,200
    Total Central and
    Eastern Europe                3,171,300    601,700    491,500    9,500   4,274,000 
Total UPC Broadband Division      6,377,100  2,001,500    491,500   96,700   8,966,800

Telenet (Belgium)                 1,728,900    673,600          --        --   2,402,500 

J:COM (Japan)                       560,000  1,997,000          --        --   2,557,000 

The Americas:
  VTR (Chile)                       532,700    345,200          --        --     877,900 
  Puerto Rico                             --     83,800          --        --      83,800 
    Total The Americas              532,700    429,000          --        --     961,700

Austar (Australia)                        --      2,700    717,500        --     720,200 

                                  ---------  ---------  ---------  -------  ----------
Grand Total                       9,198,700  5,103,800  1,209,000   96,700  15,608,200

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