Full Year 2009 Results

Mechelen,  February  24, 2010 -  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 full year ended December 31, 2009.
 
HIGHLIGHTS
 
n   FY 2009 net additions exceeded  2008 levels: broadband internet (131,000, up
28% yoy), Telenet Digital TV (329,000, up 51% yoy) and fixed telephony (112,000,
up 38% yoy);
n   New  mobile  offers  and  targeted  campaigns  resulted in sharp rise in new
subscribers (+24,000 in Q4 2009);
n   Revenue of ¤1,197.4 million, up 18% compared to prior year, yielding organic
growth of 9%;
n   Adjusted  EBITDA((1)  )up  20% year-on-year  to  ¤607.7  million including a
nonrecurring  post-employment  benefit  expense  of  ¤6.6  million,  implying an
Adjusted EBITDA margin of 50.7%;
n  Accrued capital expenditures((2) )of ¤317.6 million, including ¤103.9 million
related to set-top box rental;
n   Free Cash  Flow((3) )growth  of 38% to  ¤166.9 million, equivalent to 14% of
revenue;
n   Strong improvement in net profit compared to prior year, positively impacted
by nonrecurring tax credit;
n  Outlook FY 2010 foresees around 8% top line growth, Adjusted EBITDA margin of
close  to  50% and  accrued  capital  expenditures  of  around  23% of  revenue,
resulting in strong free cash flow growth;
n  Proposed extraordinary shareholder disbursement of ¤2.23 per share.
 
Enclosed you will find the complete press release.
 
[HUG#1388213]
 
Press release: http://hugin.info/136600/R/1388213/346429.pdf