Press release - Telenet launches extension process of existing termloans

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.