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Update regarding Tušmobil acquisition

22 October 2014 - United Group B.V., the leading cable and pay TV operator in South Eastern Europe, announces further details regarding its acquisition of Slovenian mobile operator Tušmobil, agreed on 17 October 2014.

Total cash consideration payable for the asset amounts to EUR 110 million (including full repayment of Tušmobil debt), of which EUR 84 million is due on closing of the transaction with the remaining EUR 26 million payable over the course of the next three years.

Tušmobil is expected to generate an EBITDA of circa EUR 13 million in 2014, excluding any synergies realised following its acquisition by United Group.

As previously announced, United Group expects the combination of the Group’s state-of-the- art fixed telecommunication network and Tušmobil’s mobile infrastructure to create significant synergies and clear benefits for the Slovenian citizens in terms of quality of services and innovation.

- Ends –

About United Group

United Group, through its member companies, operates across the six markets of former - , , , , and Macedonia – where it has close to 2 million cable and satellite TV, broadband, fixed and mobile RGUs.

With a population of over 20 million, the former Yugoslav region represents the third largest Central Eastern European market and is characterized by rapidly growing pay-TV and broadband markets. United Group consists of SBB (the leading cable operator in Serbia), Slovenia (the leading cable operator in Slovenia), Telemach Bosnia and Herzegovina (the leading cable operator in Bosnia and Herzegovina), Total TV (the leading DTH platform in the region for ), Total TV International (a Europe-wide DTH platform), and NetTV Plus (a leading provider of telecom services over the internet). The Group also provides services using a number of ancillary brands resulting from its growth across the region: Absolut OK, KDS NS, Jet TV, Beogrid, Telekabel, VI-NET and ArtNet.