Liberty Global Reports First Quarter 2009 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 first quarter (“Q1”) ended March 31, 2009.

Subscriber Statistics

At March 31, 2009, our consolidated subscriber base of 26.7 million RGUs consisted of a total of 15.5 million video, 6.4 million broadband internet and 4.8 million telephony service subscriptions. In terms of organic subscriber growth, we added 216,000 RGUs in the first quarter of 2009, driven by strong growth in our advanced services, especially digital cable. Ending the first quarter of 2009, two of every three LGI RGUs were represented by a digital video, broadband internet or telephony service. Through organic gains and acquisitions, we increased our subscriber base by 2.3 million RGUs or 9% over the last twelve months.

Our bundling metrics continue to develop favorably, driven by continued growth in our advanced services. For the quarter ended March 31, 2009, we added 811,000 advanced services organically, a 24% improvement over the comparable prior year period. Through successful bundling programs, Telenet and UPC accounted for most of our advance service additions, as evidenced by increases in their triple-play customers of 67% and 22%, respectively, since March 31, 2008. On a consolidated basis, nearly 40% of our 16.9 million total customers subscribe to more than one product and, for the first time, the number of triple-play customers exceeds those of double-play customers.

As generally experienced in recent quarters, we realized an organic loss in video subscribers of 98,000 in the first quarter of 2009. A majority of these losses came from our more competitive UPC Broadband Division (“UPC”) markets in the Netherlands, Hungary and the Czech Republic, as we continue to face competition from low-priced DTT and DTH video services. We did, however, realize some improvement in our Romanian operation in the quarter, which was flat in terms of organic video additions following three straight quarters of significant losses. For the second consecutive quarter, our digital cable organic growth reached a record level. We added 499,000 subscribers, an 84% increase over last year’s first quarter results. With 5.6 million digital cable subscribers at March 31, 2009, we have grown our base by more than 50% since the comparable period of 2008. As a result, our digital penetration increased to 39% from 27% in the last twelve months, marked by significant expansion across all core operating entities. Of particular note, in the last year, VTR has increased their digital penetration from 26% to 48% and UPC’s Central and Eastern European operations (“CEE”) have increased their digital penetration from 5% to 20%. Our customer take-up of advanced digital video services, such as DVR, HD and VoD also continues to grow meaningfully. In UPC, approximately one in three of our digital cable customers is a DVR subscriber.

                                                  Subscribers
                                  ----------------------------------------       Total
                                     Analog    Digital                           Video
                                      Cable      Cable        DTH     MMDS       Homes
                                  ---------  ---------  ---------  -------  ----------
UPC Broadband Division
  The Netherlands                 1,342,600    670,500          --        --   2,013,100
  Switzerland                     1,197,900    359,300          --        --   1,557,200
  Austria                           351,200    197,000          --        --     548,200
  Ireland                           205,600    240,000          --   83,600     529,200
    Total Western Europe          3,097,300  1,466,800          --   83,600   4,647,700
  Hungary                           543,200    107,400    181,800        --     832,400
  Romania                           961,000    147,300    155,400        --   1,263,700
  Poland                            896,300    122,600          --        --   1,018,900
  Czech Republic                    217,400    334,600    116,600        --     668,600
  Slovakia                          216,400     35,100     30,900    5,200     287,600
  Slovenia                          140,300     14,200          --    4,000     158,500
    Total Central and
    Eastern Europe                2,974,600    761,200    484,700    9,200   4,229,700
Total UPC Broadband Division      6,071,900  2,228,000    484,700   92,800   8,877,400

Telenet (Belgium)                 1,605,900    780,300          --        --   2,386,200

J:COM (Japan)                       469,400  2,085,300          --        --   2,554,700

The Americas:
  VTR (Chile)                       460,100    422,900          --        --     883,000
  Puerto Rico                             --     86,500          --        --      86,500
Total The Americas                  460,100    509,400          --        --     969,500

Austar (Australia)                        --          --    722,200        --     722,200

                                  ---------  ---------  ---------  -------  ----------
Grand Total                       8,607,300  5,603,000  1,206,900   92,800  15,510,000

More: Earnings Release