Press release - Telenet launches extension process of existing term loans

Mechelen, July 13, 2009 - Today, Telenet BidCo NV launched a partial voluntary extension process of its existing term loans under its ¤2,300 million senior credit facility. Existing term lenders will have the opportunity to exchange their existing participations and commitments with participations and commitments in new tranches with extended maturities and improved economics. In aggregate, the Company seeks to extend the average maturity of its term debt by approximately 2.1 years. The extension offer will close on July 30, 2009. This leverage-neutral transaction will further improve stability of Telenet's debt capitalization by providing additional cash flow flexibility to the business with zero debt amortizations over the medium term. BNP Paribas and J.P. Morgan have been appointed joint bookrunners to manage this transaction Please find enclosed the complete press release This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.