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Liberty Global, Inc. (“Liberty Global”)
LBTYA LBTYB and LBTYK) is
announcing today a number of decisions relating to its intended voluntary and
conditional cash offer for the outstanding shares of Telenet Group Holding NV
(“Telenet”) (Euronext Brussels: TNET) that it does not own or that are not
held by Telenet, as announced on September 19, 2012 (the “Intended Offer”).
Liberty Global confirms that it intends to proceed with the Intended Offer
based on a price of €35.00 (the “Offer Price”) per ordinary share of Telenet,
and it has decided to remove the 95% minimum acceptance condition of the
Intended Offer.
Liberty Global considers the Offer Price to be highly attractive for Telenet
shareholders and intends to proceed with the Intended Offer as soon as
practically possible, irrespective of the recommendation expressed by the
independent directors of Telenet.
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