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Press release from Business Wire

Liberty Global Completes AUSTAR Sale

Wednesday, May 23, 2012

Liberty Global Completes AUSTAR Sale09:25 EDT Wednesday, May 23, 2012 ENGLEWOOD, Colo. (Business Wire) -- Liberty Global, Inc. (“Liberty Global”) (NASDAQ: LBTYA, LBTYB and LBTYK) announced today the completion of the previously announced sale of its shares in AUSTAR United Communications Limited (“AUSTAR”). The transaction resulted in cash proceeds of approximately $1.1 billion. About Liberty Global, Inc. Liberty Global is the leading international cable operator offering advanced video, voice and broadband internet services to connect its customers to the world of entertainment, communications and information. As of March 31, 2012, Liberty Global's continuing businesses operated state-of-the-art networks serving 20 million customers across 13 countries principally located in Europe and Chile. Liberty Global's operations also include significant programming businesses such as Chellomedia in Europe. For more information, please visit www.lgi.com.Liberty Global, Inc.Investor Relations:Christopher Noyes, +1 303.220.6693orCorporate Communications:Hanne Wolf, +1 303.220.6678Bert Holtkamp, +31 20.778.9800