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Altice SA: Altice reaches an agreement to acquire the 34.6% stake of Carlyle and Cinven in Numericable Group


Altice reaches an agreement to acquire the 34.6% stake of Carlyle and Cinven
in Numericable Group
Paris, April 7, 2014
- On April 5, 2014, Altice, controlling shareholder of Numericable Group, has entered into an agreement with Carlyle Cable Investment SC (« Carlyle
», an affiliate of The Carlyle Group) and CCI (F3) S.a.r.l (« Cinven
», and affiliate of Cinven), according to which Altice will acquire the entirety of their respective stake in the share capital of Numericable Group (21.32% from Carlyle and 13.27% from Cinven). This acquisition of approx. 34.6% of Numericable Group's share capital will be implemented (i) for up to approx. 14% of the share capital of Numericable Group (6 ,50% for Cinven and 7,50% for Carlyle) by a sale of shares at a price of 30.50 EUR per share payable in cash and (ii) for the remainder, by a contribution in kind, renumerated in shares of Altice SA (one share of Numericable Group for 0.97 share of Altice SA).Upon this transaction, Altice's stake in the share capital and voting rights
of Numericable Group will increase from 40% to 74,6%[1]. Altice thereby
confirms its intention to raise its stake in Numericable Group by acquiring
the participations of Carlyle and Cinven. This acquisition would end, at its
completion, the majority concert of these three shareholders, in place since
the listing of Numericable Group.

The completion of this transaction is subject to obtaining an exemption from
the French Autorité des Marchés Financiers from the obligation to launch a
public tender offer on all Numericable Group securities.


Investor Relations:

Richard Williams : +44
(0)7946 348939 / richard.williams@altice.net


Havas: Charles Fleming +33(0)6 14 45
05 22 / charles.fleming@havasww.com


This press release contains statements about future events, projections,
forecasts and expectations that are forward-looking statements. Any statement
in this presentation that is not a statement of historical fact is a
forward-looking statement that involves known and unknown risks,
uncertainties and other factors which may cause our actual results,
performance or achievements to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. These risk and uncertainties include those
discussed or identified in the Document de Base of Numericable Group filed
with the Autorité des marchés financiers ("AMF") under number I.13-043 on
September 18, 2013 and its Actualisation filed with the AMF under number
D.13-0888-A01 on October 25, 2013. In addition, past performance of
Numericable Group cannot be relied on as a guide to future performance.
Numericable Group makes no representation on the accuracy and completeness of
any of the forward-looking statements, and, except as may be required by
applicable law, assumes no obligations to supplement, amend, update or revise
any such statements or any opinion expressed to reflect actual results,
changes in assumptions or in Numericable Group's expectations, or changes in
factors affecting these statements. Accordingly, any reliance you place on
such forward-looking statements will be at your sole risk.

This press release does not contain or constitute an offer of Numericable
Group's or Altice's shares for sale or an invitation or inducement to invest
in Numericable Group's or Altice's shares in France, the United States of
America or any other jurisdiction.

About Altice

We are a multinational cable and telecommunications company with presence in
three regions-Western Europe (comprising France, Belgium, Luxembourg,
Portugal and Switzerland), Israel and the Overseas Territories (currently
comprising the French Caribbean and the Indian Ocean regions and the
Dominican Republic). We provide cable based services (high quality pay
television, fast broadband Internet and fixed line telephony) and, in certain
countries, mobile telephony services to residential and corporate customers.

Altice (ATC) is listed on NYSE Euronext Amsterdam, ISIN LU1014539529.
---------------------------------------[1]Taking into account 3,247,612 shares of Numericable Group included in the
number of shares held by Altice directly and which are subject to unilateral
call options granted to Altice by Fonds Pechel and Fonds Five Arrows.

Link to release of PDF


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Altice SA via Globenewswire


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