Telenet Full Year 2008 results

Strong demand for Telenet Digital TV across all Flanders: organic net additional subscribers in 2008 of 218,000, including 90,000 for Q4 2008

MECHELEN — Telenet Group Holding NV (“Telenet” or the “Company”) (Euronext Brussels: TNET) announces its consolidated results under International Financial Reporting Standards as adopted by the European Union (“EU GAAP”) for the full year ended December 31, 2008.

Digital & Premium Television Subscriber Base

As of December 31, 2008, we reported a total of 674,000 subscribers to our digital television services, including 609,000 subscribers to the Telenet Digital TV product and 65,000 subscribers to the INDI digital TV service that we acquired from the PICs (i.e. the Interkabel area) as of October 1, 2008. On an organic basis, we achieved 218,000 net subscriber additions to our digital TV product during the full year of 2008, of which 90,000 were acquired in the fourth quarter of 2008, our highest net digital TV additions for any quarter so far. With the benefit of this strong year end result, we increased our digital TV subscriber base during 2008 by a remarkable 56% on an organic basis compared to the end of the prior year.

The strong progress in our subscriber additions were particularly driven by the combination of the successful launch of our Telenet Digital TV platform in the Telenet PICs Network in mid]October 2008 and by the accelerated uptake on the Telenet Network. Within our record net digital subscriber additions of 90,000 in our final quarter, the vast majority of new subscribers rented the high-end High Definition set top box with recording capability.

Out of the total television subscribers on the Combined Network at the end of 2008, 28% watched digital TV through either a Telenet Digital TV or INDI set top box. On the Telenet Network, more than one out of three, or 34%, of our television customers now have Telenet Digital TV.

In addition to the above digital TV platforms, we still have 17,000 subscribers to premium analog PayTV content received through an alternative platform which is only available on the Telenet PICs Network. Over time, we expect these subscribers to migrate to the Telenet Digital TV platform.

Operational Highlights (in 000 serviced premises):

As of and for the full year ended     Dec 2008   Dec 2007   Change %
                                      --------   --------   --------
Total Cable TV                           2,402      1,729        39%
  Analog Cable TV                        1,729      1,338        29%
  Digital Cable TV (iDTV)                  609        391        56%

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