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Liberty Global Statement On European Commission’s Phase 2 Announcement

Today, the European Commission announced that it is moving forward to a Phase 2 review of Vodafone’s
acquisition of Liberty Global’s business in Germany, Hungary, Romania and the Czech Republic. With the
expected launch of this new phase, the European Commission is retaining regulatory authority over the case
and the transaction remains on track for approval by mid-2019.

Mike Fries, Liberty Global’s CEO, stated, “This is welcome and expected news from the European Commission.
We always anticipated a second phase review given the size and scope of the transaction, and it is clear that the
EU is retaining regulatory authority over the case. This provides us with the appropriate forum to demonstrate
the consumer benefits that will be delivered by the creation of fully converged, fixed-mobile operators in these
four markets. We look forward to engaging with the Commission and continue to expect approval mid-2019.” – CT Bureau


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