UPDATE: Charter Offers $1.5B Senior Unsecured Notes

Charter Communications, Inc.

(along with its subsidiaries, "Charter") today announced that its subsidiary, CCOH Safari, LLC, intends to publicly offer $1.5 billion in aggregate principal amount of senior unsecured notes due 2022 and 2024 (the "Notes"). The offering and sale of the Notes will be made pursuant to an effective automatic shelf registration statement on Form S-3 filed with the Securities and Exchange Commission (the "SEC"). Charter intends to use the net proceeds from the sale of the Notes to finance Charter's previously announced acquisition, from Comcast Corporation ("Comcast"), of cable systems serving approximately 1.5 million Time Warner Cable Inc. ("TWC") video customers. The net proceeds may also be used for any "true up" payment made by Charter to Comcast associated with the previously announced asset transfer between Charter and Comcast of cable systems serving approximately 1.5 million TWC video customers and approximately 1.6 million Charter video customers, and transaction and financing expenses. All funds from the Notes will remain in escrow at CCOH Safari, LLC until the closing of the previously announced transactions between Charter and Comcast, at which time the Notes will become an obligation of Charter's subsidiaries, CCO Holdings, LLC and CCO Holdings Capital Corp. Goldman, Sachs & Co., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated will act as the Joint Book-Running Managers for the offering. The offering will be made only by means of a prospectus supplement dated October 29, 2014 and the accompanying base prospectus, copies of which, when available, may be obtained on the SEC's website at www.sec.gov or by contacting Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing prospectus-ny@ny.email.gs.com. This news release is neither an offer to sell nor a solicitation of an offer to buy any of the securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation, or sale is unlawful. The offering is subject to market conditions.