Liberty Global Agrees to Sell Chellomedia for $1.0 Billion

  Liberty Global Agrees to Sell Chellomedia for $1.0 Billion

Dutch premium channels Film1 and Sport1 retained

Business Wire

DENVER -- October 28, 2013

Liberty Global plc (“Liberty Global” or the “Company”) (NASDAQ: LBTYA, LBTYB
and LBTYK) announced today an agreement to sell substantially all of its
international content division Chellomedia to AMC Networks Inc. (“AMC”)
(NASDAQ: AMCX). The assets being sold include Chello Multicanal, Chello
Central Europe, Chello Zone, Chello Latin America and Chello DMC. In addition,
Chellomedia’s stakes in its joint ventures with CBS International, A+E
Networks, Zon Optimus and certain other partners are also part of the
divestment. Liberty Global will retain its Dutch premium channel business,
which consists of its Film1 and Sport1 channels.

Liberty Global expects to realize cash proceeds for the above-described assets
that are approximately equal to the agreed upon enterprise value of €750
million ($1,035 million).^1 The consolidated assets to be divested generated
approximately €350 million ($451 million) of revenue during the last
twelve-months (“LTM”) ended June 30, 2013.^2

Mike Fries, President and CEO of Liberty Global, said: “This is a great
transaction for all parties. Chellomedia is one of the largest international
channel groups with distribution to more than 390 million households in 138
countries and I have no doubt that the management team will continue to build
tremendous value as part of AMC. For Liberty Global, this transaction is
attractive from both a valuation and liquidity perspective. It also simplifies
our business and allows us to focus on our core markets and more strategic
programming opportunities.”

The transaction is expected to close in the first quarter of 2014 and is
subject to limited closing conditions. The transaction is not conditioned on
any regulatory approvals.

Morgan Stanley acted as exclusive financial advisor to Liberty Global on the

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, including statements
regarding our ability to consummate the transaction announced herein, the
targeted closing date for the transaction and the impact of the transaction on
our operations and financial performance, and other information and statements
that are not historical fact. These forward-looking statements involve certain
risks and uncertainties that could cause actual results to differ materially
from those expressed or implied by these statements and speak only as of the
date of this release. The Company expressly disclaims any obligation or
undertaking to disseminate any updates or revisions to any forward-looking
statement contained herein to reflect any change in the Company's expectations
with regard thereto or any change in events, conditions or circumstances on
which any such statement is based.

About Liberty Global

Liberty Global is the largest international cable company with operations in
14 countries. We connect people to the digital world and enable them to
discover and experience its endless possibilities. Our market-leading
triple-play services are provided through next-generation networks and
innovative technology platforms that connected 24 million customers
subscribing to 48 million television, broadband internet and telephony
services at June 30, 2013.

Liberty Global’s consumer brands include Virgin Media, UPC, Unitymedia, Kabel
BW, Telenet and VTR. Our operations also include Chellomedia, our content
division, Liberty Global Business Services, our commercial division and
Liberty Global Ventures, our investment fund. For more information, please

       The enterprise value is translated into U.S. dollars based on the euro
^1     to U.S. dollar foreign currency exchange rate in effect as of October
       25, 2013.
^2     The revenue has been translated at the average relevant foreign
       currency exchange rates to the euro and U.S. dollar for the LTM period.


Liberty Global plc
Investor Relations:
Christopher Noyes, +1 303.220.6693
Oskar Nooij, +1 303.220.4218
John Rea, +1 303.220.4238
Corporate Communications:
Marcus Smith, +44 20.7190.6374
Bert Holtkamp, +31 20.778.9800
Hanne Wolf, +1 303.220.6678
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