Executive Suite: UPC Reorganises and Adds to Its Senior Management Team - United Pan-Europe Communications Amsterdam - Company Operations

Cambridge Telcom Report, June 21, 1999

In response to its dynamic growth in recent weeks, United Pan-Europe Communications Amsterdam: UPC) Thursday announced a number of new senior management appointments and organisational changes at its Amsterdam offices.

UPC announced that Tim Bryan, president and chief financial officer, will be leaving UPC. John Riordan, vice-chairman UPC and CEO of chello broadband, will replace Tim as president of UPC. A new chello chief executive will be announced soon.

UPC's financial activities will continue to be run by the following team: Steve Butler, managing director UPC Capital Markets and treasurer; Charlie Bracken, managing director of strategy, acquisitions and corporate development; and Ray Samuelson, managing director of finance and accounting. Steve and Ray have been running the financing of UPC since its founding in 1995. Steve and Ray will join Charlie in reporting directly to Mark Schneider, chairman and CEO of UPC.

UPC is proud to announce that Andrew Carver will be joining UPC as managing director of Priority Telecom IP Communications, a new operating division which is being set up by Priority Telecom specifically to explore and develop opportunities in long distance and big business telephony. In this role, Andrew will work extremely closely with Iain Osborne and Sudhir Ispahani at chello broadband, as well as working alongside Joe Webster who will remain managing director of Priority Telecom's CLEC and business telephony services. Andrew was previously CEO of EUnet and was a vice-president of Qwest Communications.

In a separate move, Ton Tuijten has been promoted to general counsel of UPC and head of the Legal Services department. Ton will also serve as secretary to the Supervisory Board of UPC. Ton van Voskuijlen, who was previously general counsel of UPC, has enlarged his managing director role to assume additional responsibilities for employment issues and regulatory policy matters.

UPC has also added to its corporate development expertise in London. Chris Smith has been hired as director of corporate development to work with Charlie Bracken. The appointment increases UPC's in-house team of corporate development and M&A experts to four staff. Chris Smith was previously director of corporate development at Christian Salvesen and, prior to that, worked at Bankers Trust for eight years specialising in pan-European M&As.

Commenting on the management changes, Mark Schneider, chairman and CEO of UPC, said Thursday: "We are sorry to see Tim leave and wish him a successful future in whatever he chooses to do. At the same time, I am enormously excited about how our companies are growing and about attracting talented and experienced managers of Andrew's and Chris's calibre to come and join us. Andrew has long-standing expertise in the data and telecoms sectors and I have great confidence in Chris Smith's ability to contribute to our new business development."

Headquartered in Amsterdam, UPC is one of the most innovative broadband communications companies in Europe and owns and operates the largest pan-European group of broadband communication networks. UPC provides cable television, telephony, high speed Internet access and programming services in ten countries across Europe and in Israel. As of May 30 1999 UPC's systems passed approximately 6.0 million homes with 4.2 million basic cable subscribers of which approximately 500,000 take an expanded tier service. In addition, UPC had 118,000 telephone access lines and 20,500 carrier select customers, as well as 42,000 broadband Internet access subscribers. UPC completed an IPO in February 1999 and its shares are listed on the Amsterdam Stock Exchange (UPC) and Nasdaq (UPCOY).

UPC is a consolidated subsidiary of UnitedGlobalCom ("United"). Microsoft Corporation has an interest of approximately 7.8% in UPC.