Market Overview

Liberty Global Completes the Sale of its Austrian Operations to T-Mobile Austria

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Liberty Global plc ("Liberty Global") (NASDAQ:LBTYA, LBTYB and LBTYK))
today announced that it has completed the previously announced sale of
UPC Austria to T-Mobile Austria for an enterprise value of €1.9 billion1
($2.2 billion2), equal to nearly 11x UPC Austria's estimated
2017 adjusted3 segment operating cash flow. The proceeds,
after taking into account the repayment of debt that we attribute to UPC
Austria, will be approximately €900 million ($1.1 billion2).
These proceeds will be used to increase our share repurchase program by
$500 million and to repay additional debt across select credit pools of
Liberty Global.

Liberty Global's Board of Directors authorized this increase to the
buyback program in connection with the closing of the sale. The increase
supplements our previously announced $2.0 billion share repurchase
program, which we intend to complete by year-end 2018. The incremental
$500 million announced today can be spent at any time over the next 12
months. Under the buyback program, Liberty Global may acquire from time
to time its Class A ordinary shares, Class C ordinary shares, or any
combination of Class A and Class C ordinary shares. The program may be
effected through open market transactions and/or privately negotiated
transactions, which may include derivative transactions. The timing of
the repurchase of shares will depend on a variety of factors, including
market conditions and applicable law. Buybacks under the program may be
implemented in conjunction with brokers for the Company and other
financial institutions with whom the Company has relationships within
certain pre-set parameters and purchases may continue during closed
periods in accordance with applicable restrictions. The buyback program
may be suspended or discontinued at any time.

About Liberty Global

Liberty Global is the world's largest international TV and broadband
company, with operations in 11 European countries under the consumer
brands Virgin Media, Unitymedia, Telenet and UPC. We invest in the
infrastructure and digital platforms that empower our customers to make
the most of the video, internet and communications revolution. Our
substantial scale and commitment to innovation enable us to develop
market-leading products delivered through next-generation networks that
connect 22 million customers subscribing to 46 million TV, broadband
internet and telephony services. We also serve over 7 million mobile
subscribers and offer WiFi service through 12 million access points
across our footprint.

In addition, Liberty Global owns 50% of VodafoneZiggo, a joint venture
in the Netherlands with 4 million customers subscribing to 10 million
fixed-line and 5 million mobile services, as well as significant
investments in ITV, All3Media, ITI Neovision, Casa Systems, LionsGate,
the Formula E racing series and several regional sports networks.

For more information, please visit www.libertyglobal.com.

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1 Cash proceeds approximated €1.8 billion ($2.1 billion2)
after considering debt, working capital and minority interests
adjustments.

2 Convenience translation based on USD/EUR spot rate of 1.173
For the purpose of the purchase price multiple calculation, the
estimated 2017 segment operating cash flow of UPC Austria has been
reduced by €9 million, representing the estimated net amount of
transitional services to be provided by Liberty Global during the first
year following closing.

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