Ziggo : Ziggo Refinancing Transactions

                    Ziggo : Ziggo Refinancing Transactions

                        Ziggo Refinancing Transactions

Ziggo Receives Commitments for a New Credit Facility and Announces Debt
Investor Meetings

Ziggo (the "Company" or "We") today announced that it has received commitments
from a number of banks to provide a new €800mn Senior Secured Credit Facility
(the "New Credit Facility"). The New Credit Facility is being provided by ABN
Amro Bank N.V., BNP Paribas Fortis SA/NV, Cooperative Centrale Raiffeisen
Boerenleenbank B.A. (trading as Rabobank International), Credit Suisse AG
London Branch, Goldman Sachs International, ING-DiBa A.G., J.P. Morgan
Limited, Morgan Stanley Bank International Limited and Société Générale,
London Branch. The New Credit Facility will consist of a €400mn Revolving
Credit Facility and a €400mn Term Loan A. Both the RCF and Term Loan A will
pay a funded margin of E+200bps, will have a 5-year maturity from initial
drawing and proceeds will be used to partially refinance Ziggo's existing
Senior Secured Credit Facility. Utilisation of the facilities is subject to
certain customary conditions, including raising sufficient total financing
sources to fully refinance Ziggo's existing credit facilities.

The Company also announces that it has mandated Goldman Sachs and JP Morgan to
set up a series of investor meetings in view of a potential additional
refinancing, which may include a capital markets transaction.

There has been no material change in our trading or financial position since
December 31, 2012. Trends for RGUs are currently in line with RGU trends
during the fourth quarter of 2012, a period in which we experienced increased
churn as a result of a market which has been rapidly developing towards
triple-play as well as increased competition from other operators.

In February 2013, we started several new sales and promotion campaigns focused
on triple play, dual play and up-sell to interactive TV services. In the
second quarter we will start new campaigns focusing on customer loyalty and
churn reduction.

We reiterate our guidance as outlined during the release of our annual results
for 2012. We expect EBITDA for 2013 to increase in the range of 2.5-3.5% with
revenue growth moderately ahead of this rate. We anticipate an increase in
revenue momentum over the course of 2013 as our marketing initiatives take
effect. Our capital expenditure for 2013 is expected to be in the range of
€320-€330 million.

This announcement contains forward-looking statements and information about
future financial performance and earnings that is necessarily subject to
risks, uncertainties, and assumptions. Although the statements are made in
good faith based on present management estimates, no assurance whatsoever is
given that the guidance about future performance and other estimates will be
achieved. Ziggo assumes no obligation to update or correct the information
contained in this announcement, which only speaks as of its date (subject in
all cases to all applicable laws).

About Ziggo
Ziggo is a Dutch provider of entertainment, information and communication
through television, internet and telephony services. The company serves around
2.8 million households, with almost 1.8 million internet subscribers, more
than 2.2 million subscribers using digital television and 1.5 million
telephony subscribers. Business-to-business customers use services such as
data communication, telephony, television and internet. The company owns a
next-generation network capable of providing the
bandwidth required for all future services currently foreseen. More
information on Ziggo can be found on: www.ziggo.com
Not for publication                    Analysts and Investors
                                       Wouter van de Putte
For more information please contact:   Director Corporate Finance & Investor
Press                                  +31 88 717 1799 |
Martijn Jonker                         investorrelations@office.ziggo.nl
Senior Communications Officer
+31 88 717 2419 |                      Christian Berghout
Martijn.Jonker@office.ziggo.nl         Manager Corporate Finance & Investor
                                       +31 (0)88 717 1051


This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.

Source: Ziggo via Thomson Reuters ONE
Press spacebar to pause and continue. Press esc to stop.