First Half 2009 Results

Mechelen, July 31, 2009 - 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  six
months ended June 30, 2009.
 
HIGHLIGHTS
 
*Continued success  of bundled  offerings resulted  in solid  Q2  net
additions for  broadband  (+30,000), fixed  telephony  (+29,000)  and
digital TV (+76,000);
*Revenue of ¤577.4 million, up 17% versus prior year;
*EBITDA(2) of ¤304.7 million, up  26% versus prior year, yielding  an
EBITDA margin of 52.8%;
*Operating profit of  ¤155.9 million,  up 35% compared  to the  prior
year period;
*Capital expenditures(3) of ¤151.8  million, including ¤61.1  million
related to set-top box rental;
*Free Cash Flow(4) of ¤92.6 million, equivalent to 16% of revenue;
*Net profit of ¤47.7 million, compared to ¤49.0 million for the prior
year period;
*Net profit, excluding gains and  losses on derivatives(1), of  ¤61.8
million, compared to ¤7.9 million for the prior year period;
*Full year EBITDA growth outlook upgraded to >15% and revenue  growth
to >14%;
*Net Senior Debt to EBITDA leverage down to 3.0x as of June 30,  2009
vs. 3.7x at December 31, 2008.
 
Please find enclosed the complete press release.
 
This announcement was originally distributed by Hugin. The issuer is 
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