Unitymedia – Internet, Telefon & TV

On November 20, 2009, UPC Germany issued (i) €1,430.0 million ($1,943.8 million) principal amount of 8.125% senior secured notes due 2017and $845.0 million principal amount of 8.125% senior secured notes due 2017 (collectively, the Senior Secured Notes) and (ii) €665.0 million ($903.9 million) principal amount of 9.625% senior notes due 2019 (the Senior Notes). On December 21, 2009, UPC Germany entered into an €80.0 million ($108.7 million) secured revolving credit facility agreement with certain lenders (the Unitymedia Revolving Credit Facility). The net proceeds from the sale of the Senior Notes and Senior Secured Notes were placed into two escrow accounts. On January 28, 2010, UPC Germany used €849.2 million ($1,154.3 million) of cash from the escrow accounts to fund a portion of the purchase price for the Unitymedia acquisition. In connection with UPC Germany’s acquisition of Unitymedia and in accordance with the requirements of the indentures for the Senior Secured Notes and the Senior Notes, UPC Germany gave notice to the trustee for Unitymedia’s existing senior and senior secured notes and to the facility agent for Unitymedia’s then existing term loan and revolving credit facility of its intent to redeem such indebtedness no later than March 2, 2010. On March 2, 2010 (i) the remaining balances in the escrow accounts were released in connection with the redemption of Unitymedia’s then existing indebtedness under its (a) €1,350.0 million ($1,835.1 million) senior secured floating rate notes issued by Unitymedia Hessen GmbH & Co. KG (Unitymedia Hessen) and Unitymedia NRW GmbH (Unitymedia NRW) due 2013 (of which €1,024.0 million ($1,391.9 million) was outstanding); (b) €235.0 million ($319.4 million) 10.125% senior notes issued by Unitymedia GmbH due 2015 (and payment of applicable call premium of €11.9 million ($16.2 million)); (c) $151.0 million 10.375% senior notes issued by Unitymedia GmbH due 2015 (and payment of applicable call premium of $7.8 million); (d) €215.0 million ($292.2 million) 8.75% senior notes issued by Unitymedia GmbH due 2015 (and payment of applicable call premium of €9.4 million ($12.8 million)) and (e) €100.0 million ($135.9 million) term loan facility. Additionally, Unitymedia’s existing undrawn €130.0 million ($176.7 million) revolving credit facility was cancelled.  Accrued interest on Unitymedia’s existing indebtedness of €12.8 million ($17.4 million) in the aggregate was also paid. As Unitymedia cash of €198.0 million ($269.1 million) was used to repay a portion of the above-described indebtedness of Unitymedia, a roughly equivalent amount was released from the escrow accounts to UPC Germany and, subject to certain tax considerations, will add to the parent level liquidity of LGI. On March 2, 2010 (i) the obligations of UPC Germany under the Senior Secured Notes were assumed by Unitymedia Hessen and Unitymedia NRW; (ii) the obligations of UPC Germany under the Senior Notes were assumed by Unitymedia GmbH and (iii) the obligations of UPC Germany under the Unitymedia Revolving Credit Facility were assumed by Unitymedia Hessen and Unitymedia NRW.

For more information please refer to Liberty Global´s 8K filing at http://www.lgi.com/ir_sec.html