Unternehmensprofil

Berlin, 31 October 2015. The Tele Columbus Group, the third largest cable network operator in Germany, yesterday received the new rating from Standard & Poor’s (‘S&P’) following the financing of the pepcom acquisition announced in September 2015. Tele Columbus has currently the syndication of an incremental January 2021 EUR 320 million First Lien Term Loan B, a July 2022 EUR 117 million Second Lien Term Loan and a capital increase of approximately EUR 382.7 million outstanding. Approximately EUR 22 million of the capital increase shall be used to partially repay the Second Lien Term Loan. Based on the final capital structure, Standard & Poor’s has as expected reduced the Corporate Family Rating of Tele Columbus Group from the current ‘B+’ rating with negative outlook to a new ‘B’ rating with stable outlook following the pepcom acquisition.

About Tele Columbus
The SDAX listed Tele Columbus Group is one of Germany‘s largest cable network operators. Via its origins -
individual regional cable network operators that were merged into Tele Columbus - the company dates back to 1972. About 2.8 million connected households in Germany use Tele Columbus' TV signals and, increasingly, digital broadcast packages, Internet and voice connections provided via high-performance broadband cable. As a national provider with a regional focus and a partner of the housing industry, the Group is present throughout its core markets Berlin, Brandenburg, Saxony, Saxony-Anhalt and Thuringia as well as in numerous key regions in western Germany. In tune with current demand trends, the company is upgrading its networks in a hybrid fibre-optic infrastructure for superfast Internet connections of up to several hundred megabits per second with the state-of-the-art Internet transmission standard DOCSIS 3.0. The broadband cable caters to the entire range of innovative media applications from analogous, digital and high-definition TV to high-speed Internet and voice connections to telemetry services, tenant portals and interactive services. Beyond merely transmitting signals, Tele Columbus uses its own product platform in order to actively increase the programme offering and to develop additional services.

Disclaimer
This announcement and the information contained herein are for information purposes only and do not constitute a prospectus or an offer to sell or a solicitation of an offer to buy any securities of Tele Columbus AG (the 'Company') in the United States or in any other jurisdiction. This announcement may not be published, distributed or transmitted, directly or indirectly, in or into the United States, Canada, Australia, Japan or South Africa. The securities of the Company may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the 'Securities Act'). The securities of the Company have not been, and will not be, registered under the Securities Act or under the applicable securities laws of Australia, Canada, Japan or South Africa. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. Any potential offer will be made exclusively through and on the basis of a published prospectus.

This announcement may include statements that are, or may be deemed to be, 'forward-looking statements'. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms 'believes', 'estimates', 'plans', 'projects', 'anticipates', 'expects', 'intends', 'may', 'will' or 'should' or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect the Company's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Company's business, results of operations, financial position, liquidity, prospects, growth or strategies. Forward-looking statements speak only as of the date they are made. None of the Company, Goldman Sachs International ('Goldman Sachs'), J.P. Morgan Securities plc ('J.P. Morgan') and BNP Paribas (together with Goldman Sachs and J.P. Morgan the 'Underwriters') or their respective affiliates assumes, and expressly disclaims, any obligations or undertaking to update, review or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.

None of the Underwriters or any of their respective directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to the truth accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or, with limited exception, other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.

Goldman Sachs which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom, is acting for the Company and no one else in connection with the rights offering and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Goldman Sachs, or for giving advice in connection with the rights offering or any matter referred to herein.

Elmar Baur
Senior Director Investor Relations & Corporate Communications
                    
Tele Columbus AG
Goslarer Ufer 39
10589 Berlin
 
Phone: +49 30 3388 1781
Email: Elmar.Baur@telecolumbus.de
http://www.telelumbus.com