United Announces Year-End 2000 Results

Consolidated Revenues Increase 74% to $1.25 Billion for the Year;

Over 11.6 Million Aggregate RGUs; Including Over 1.0 Million Voice & Data RGUs



European Subsidiary Exceeds Key Guidance Targets



Apr 02, 2001, 01:00 ET from UnitedGlobalCom, Inc.

    DENVER, April 2 /PRNewswire/ -- UnitedGlobalCom, Inc. (United)
 (Nasdaq:   UCOMA) today reported financial and operating results for its fourth
 quarter and fiscal year ended December 31, 2000.  United's controlled and
 consolidated operating subsidiaries include United Pan-Europe Communications
 N.V. (UPC), the largest pan-European broadband communications company, Austar
 United Communications, a leading broadband communications provider in
 Australia and New Zealand; and VTR GlobalCom, the largest cable television and
 competitive telephony provider in Chile.
 
     Operating and Financial Highlights
 
     -- Aggregate homes passed at December 31, 2000 were 18.5 million, a
        33% increase from December 31, 1999 and a 10% sequential increase from
        September 30, 2000.  Aggregate two-way homes passed at December 31,
        2000 were 6.1 million, a 69% increase from December 31, 1999 and a 13%
        sequential increase from September 30, 2000.
     -- Aggregate video subscribers at December 31, 2000 were 10.6 million, a
        48% increase from December 31, 1999 and a 13% sequential increase from
        September 30, 2000. Basic video penetration was 57% at December 31,
        2000 compared to 51% at December 31, 1999.
     -- Aggregate telephony subscribers at December 31, 2000 were 584,900, a
        96% increase compared to 298,000 telephony subscribers at December 31,
        1999. On a sequential basis from September 30, 2000, telephony
        subscribers increased 17%.
     -- Aggregate Internet subscribers at December 31, 2000 were 503,000, a
        289% increase compared to 129,400 Internet subscribers at December 31,
        1999. On a sequential basis from September 30, 2000, Internet
        subscribers increased 44%.
     -- Consolidated revenue for the three months ended December 31, 2000 was
        $350.4 million, a 35% increase compared to $260.2 million for the same
        period in 1999.  On a sequential basis from September 30, 2000,
        consolidated revenue increased 11%.  Consolidated revenue were
        $1.25 billion for the year ended December 31, 2000, a 74% increase
        compared to the prior year period.
     -- Consolidated video revenue for the three months ended December 31, 2000
        was $238.1 million, an 11% increase compared to $214.0 million for the
        same period in 1999.   Consolidated video revenue was $925.2 million
        for the year ended December 31, 2000, a 48% increase compared to the
        prior year period.
     -- Consolidated telephony revenue for the three months ended December 31,
        2000 was $77.4 million, a 182% increase compared to $27.4 million for
        the same period in 1999.  On a sequential basis from September 30,
        2000, consolidated telephony revenue increased 40%.  Consolidated
        telephony revenue was $224.4 million for the year ended December 31,
        2000, representing a 296% increase compared to the prior year period.
     -- Consolidated data revenue for the three months ended December 31, 2000
        was $28.4 million, a 141% increase from the same period in 1999.  On a
        sequential basis from September 30, 2000, consolidated data revenue
        increased 25%.  Consolidated data revenue was $84.0 million for the
        year ended December 31, 2000, representing a 216% increase compared to
        the prior year period.
     -- Revenue from voice and data services now comprise 30% of total
        consolidated revenue for the three months ended December 31, 2000,
        compared to 15% for the same period in 1999.  Revenue from voice and
        data services comprise 25% of total consolidated revenue for the year
        ended December 31, 2000, compared to 12% for the same period in 1999.
     -- Consolidated Video Adjusted EBITDA for the three months ended December
        31, 2000 was $40.6 million, a 353% increase compared to a negative
        $11.5 million for the same period in 1999.  Consolidated Video Adjusted
        EBITDA for the year ended December 31, 2000 was $221.6 million, a 127%
        increase compared to $97.7 million for the same period in 1999.
     -- Consolidated Adjusted EBITDA was a negative $136.7 million for the
        three months ended December 31, 2000. For the year ended December 31,
        2000 consolidated adjusted EBITDA was a negative $368.5 million,
        compared to a negative $133.2 million for the same period in 1999.
 
     Gene Schneider, Chairman and CEO of United, commenting on the results
 said, "This is another strong quarter for United and its operating
 subsidiaries, and substantiates the importance we have put on pure execution
 in our businesses.  We added over 240,000 voice and data subscribers in the
 fourth quarter alone and now have over 1.0 million around the world after just
 two full years.  On top of our 10.6 million video customers, United's total
 footprint is unsurpassed in the international broadband marketplace and
 represents one of the most unique and valuable communications platforms in the
 world today."
     Mike Fries, President and COO added, "With the recent amendment to the
 Liberty transaction, we have secured over $2.6 billion in fresh equity capital
 for our businesses since December 2000.  All of our operations are now well
 financed and can focus entirely on meeting and exceeding their financial and
 operating targets for the year."
 
     Recent Transactions / Events
 
     Liberty Transaction: In February, United and Liberty Media announced an
 amendment to their June 25, 2000 agreement whereby Liberty agreed to acquire
 up to 100,000 shares of Series E Participating Convertible Preferred Stock
 ("Preferred Stock") from United in exchange for $1.4 billion in cash.  The
 Preferred Stock will carry no dividend and will be convertible into
 approximately 54.1 million common shares of United, representing an effective
 issue price of $25.87 per common share.
     The purchase of the Preferred Stock by Liberty is to occur in two stages.
 Liberty will purchase $1.0 billion of Preferred Stock (convertible into
 approximately 38.6 million United shares) upon receipt of certain regulatory
 approvals.  The remaining $400 million of Preferred Stock (convertible into
 approximately 15.5 million United shares) will be purchased at the time United
 completes the acquisition of Liberty's Latin American assets, as set out in
 the June 25, 2000 agreement between the parties.  The parties expect that to
 occur in the second quarter of 2001.
     When the $1.0 billion of Preferred Stock is converted to class B common of
 United and is combined with Liberty's existing holdings, Liberty will have a
 30% economic and 71% voting interest in United, on a fully-diluted basis.  As
 agreed upon in the June 25, 2000 agreement, Liberty will be bound by voting
 and standstill agreements with United and its controlling stockholders, and
 will appoint 4 of 12 directors.  Upon completion of the Latin American
 transaction and the issuance of the remaining Preferred Stock, and assuming
 conversion of the Preferred Stock into class B common of United, Liberty will
 have a 43% economic and 81% voting stake in United.
 
     UPC Rights Offering: In addition, United committed to fully subscribe to a
 1.0 billion euro (US$910 million) rights offering to shareholders of its
 European subsidiary, United Pan-Europe Communications, N.V. ("UPC").  The
 price for the rights offering was established at 8.00 euros (US$7.27) per
 ordinary share, or an 18% discount to UPC's closing price on February 22,
 2001, and representing an issuance of 125 million common shares.  Subject to
 appropriate regulatory approvals, the rights will be distributed after
 publication of UPC's results for the fiscal year ended December 31, 2000.
 United also has agreed that any amount of the 1.0 billion euros which it is
 not required to contribute due to the participation of other shareholders in
 the rights offering will be used to purchase additional ordinary shares from
 UPC at 11.40 euros (US$10.36) per ordinary share, which was the average
 closing price of UPC on the Amsterdam Exchange over the five trading days
 ended February 21, 2001.
     NOTE: This release is neither an offer to sell nor a solicitation to
 purchase the rights or the ordinary shares that may be purchased pursuant to
 such rights in connection with the UPC rights offering.
 
     Austar United Rights Offering: In March, Austar United Communications
 announced an A$200 million (US$102 million) pro rata renounceable rights offer
 which will be used to fund the ordinary working capital requirements of the
 company.  Under the offer, Austar will grant rights on a pro rata basis to its
 shareholders, entitling such shareholders to purchase three new shares for
 every seven existing ordinary shares, representing an offer of approximately
 0.43 shares for every one existing ordinary share.  The issue will be priced
 at A$0.95 per share, a discount of approximately 20% to the closing price on
 March 14.  UnitedGlobalCom has committed to purchase its pro rata share of the
 rights offering.  In addition, United has agreed to acquire any shares not
 subscribed to by other shareholders.
     NOTE: Neither the rights nor the shares that may be purchased pursuant to
 the Austar rights offering will be registered under the Securities Act of
 1933, as amended. Accordingly, such securities may not be offered or sold in
 the United States unless registered or transferred pursuant to an applicable
 exemption from such registration requirements.
 
 
      Customer Data    Selected customer data for the Company is presented
                       below and excludes pending transactions.
 
                              As of    As of   As of     Dec '00     Dec '00
                             Dec 31,  Sep 30,  Dec 31, vs. Dec '99 vs. Sep '00
                              1999     2000     2000    % Change     % Change
      Customer Data (000s)
 
      Aggregate Homes Passed  13,917  16,851   18,476      32.8%       9.6%
      Aggregate Two-way
       Homes Passed            3,614   5,424    6,122      69.4%      12.9%
 
      Total Customers:
       Video (subscribers)     7,159   9,401   10,598      48.0%      12.7%
       Voice (subscribers)       298     498      585      96.3%      17.5%
       Data (subscribers)        129     349      503     289.9%      44.1%
        Total                  7,586  10,248   11,686      54.0%      14.0%
 
      Consolidated Customers:
       Video (subscribers)     6,389   7,656    8,458      32.4%      10.5%
       Voice (subscribers)       298     466      551      84.9%      18.2%
       Data (subscribers)        129     308      438     239.5%      42.2%
        Total                  6,816   8,430    9,447      38.6%      12.1%
 
      Programming Subscribers:
       Gross                  17,153  22,863   24,575      43.3%       7.5%
       Proportionate           7,637  10,090   10,849      42.1%       7.5%
 
 
      Regional Data    The table below presents certain data as of and for the
                       periods indicated and excludes pending transactions.
 
                            As of    As of     As of     Dec '00     Dec '00
                           Dec 31,  Sep 30,    Dec 31,  vs Dec '99  vs Sep '00
                             1999     2000      2000     % Change    % Change
      Regional Data (000s)
 
      Total Customers: (1) (2)
       UPC                  6,412     8,889    10,221      59.4%       15.0%
       Austar United          429       545       608      41.7%       11.6%
       VTR                    451       514       552      22.4%        7.4%
       Other                  294       300       305       3.7%        1.7%
        Total               7,586    10,248    11,686      54.0%       14.0%
 
      Consolidated
      Customers:(1) (2)
       UPC                  5,911     7,441     8,363      41.5%       12.4%
       Austar United          429       452       509      18.6%       12.6%
       VTR                    451       514       552      22.4%        7.4%
       Other                   25        23        23      -8.0%        0.0%
        Total               6,816     8,430     9,447      38.6%       12.1%
 
 
                 Three Months Three Months Three Months   Dec '00    Dec '00
                        Ended      Ended      Ended   vs. Dec '99  vs. Sep '00
                        12/99      9/00      12/00      % Change     % Change
      Revenue of
       Consolidated
       Subsidiaries
       (in millions)(3):
        UPC             $178.0    $233.5     $265.7         49.3%       13.8%
        Austar United    $45.1     $43.9      $44.5         -1.3%        1.4%
        VTR              $34.6     $37.0      $39.0         12.7%        5.4%
        Other             $2.5      $1.8       $1.2        -52.0%      -33.3%
         Total          $260.2    $316.2     $350.4         34.7%       10.8%
 
      1. Includes video, voice and data.
      2. Excludes programming subscribers.
      3. Results in US dollars understate comparisons in local currencies due
         to the appreciating US dollar.
 
 
     UNITED PAN-EUROPE COMMUNICATIONS (UPC)
     UPC is the largest pan-European broadband communications company
 (Nasdaq:   UPCOY) offering cable television, telephony and/or high speed
 Internet services in 18 countries and serving, in aggregate, over 9.4 million
 video subscribers, 422,500 telephone subscribers and 369,800 broadband
 Internet accounts.
 
     UPC Operating and Financial Highlights
 
     -- Aggregate two-way capable homes across UPC's networks were 5.1 million
        at December 31, 2000, an increase of approximately 2.0 million homes
        since December 31, 1999.  Two-way homes now represent 67% of UPC's
        Western European homes passed (excluding Germany) and 38% of UPC's
        total homes passed.
     -- Aggregate video subscribers were 9.4 million at December 31, 2000,
        representing a 55% increase from December 31, 1999 and a 14% sequential
        improvement from September 30, 2000.  During the fourth quarter, UPC
        purchased 570,000 basic subscribers from the EWT/tss acquisition.
     -- Aggregate telephony subscribers, including UPC's other broadband
        cable-phone operations and its traditional telephony network in
        Hungary, at December 31, 2000 were 422,500 compared to 211,200 at
        December 31, 1999 and 365,300 at September 30, 2000.
     -- chello broadband, UPC's broadband Internet service, is now available in
        nine European countries.  At December 31, 2000, UPC served
        369,800 residential and business Internet access accounts, compared to
        121,600 at December 31, 1999 and 278,200 at September 30, 2000.
     -- Consolidated revenue increased 78% to 305.4 (US$265.7) million euros
        for the three months ended December 31, 2000 compared to the same
        period in the prior year.  This represents an 18% sequential increase
        from the 257.9 (US$233.5) million euros in revenues for the three
        months ended September 30, 2000.  Consolidated revenue increased
        124% to 1,000.8 (US$918.6) million euros for the year ended December
        31, 2000.
     -- Consolidated video revenue increased 47% to 197.9 (US$170.6) million
        euros for the three months ended December 31, 2000 compared to the
        same period in the prior year.  This represents a 10% sequential
        increase from the 179.4 (US$162.4) million euros in video revenue for
        the three months ended September 30, 2000.  Consolidated video revenue
        increased 88% to 698.4 (US$641.1) million euros for the year ended
        December 31, 2000.
     -- Consolidated Video Adjusted EBITDA increased 62.2 million euros to
        58.0 (US$50.6) million euros for the three months ended December 31,
        2000 compared to the same period in the prior year.  This represents an
        11% sequential increase from the 52.2 (US$47.3) million euros in video
        adjusted EBITDA for the three months ended September 30, 2000.
        Consolidated video adjusted EBITDA increased 140% to
        216.5 ($US199.4) million euros for the year ended December 31, 2000.
     -- Consolidated Adjusted EBITDA was negative 131.2 (US$116.8) million
        euros for the three months ended December 31, 2000, compared to
        negative 102.1 (US$106.9) million euros for the three months ended
        December 31, 1999. This represents a sequential increased loss of
        34.7 million euros, or 36%, compared to the three months ended
        September 30, 2000.
 
     UPC Recent Events
 
     -- PrimaCom Transaction: In March, UPC announced that it would combine its
        German cable businesses with those of PrimaCom AG to create the third
        largest cable operator in Germany with approximately 1.6 million
        subscribers. Included in the transaction are EWT/tss, which owns and
        operates approximately 586,000 cable subscribers, the TeleColumbus
        option received from Deutsche Bank, representing a potential
        530,000 additional cable TV subscribers, as well as its subsidiary B.V.
        Holding CAI located in Alkmaar, the Netherlands, representing
        approximately 42,000 subscribers that are already fully upgraded to
        two-way capability. At year-end, PrimaCom reported 1,005,159 German
        cable subscribers and 296,538 cable subscribers in the Netherlands.
     -- UPC Media: In February, UPC announced that it had combined the
        management of its chello broadband operations with its UPCtv operations
        into a new content division to be called UPC Media. In addition, UPC
        Media confirmed the appointment of UPC executive Andrew Barron to head
        the combined operation. UPC Media will manage four main business units:
 
           1. chello broadband internet access. chello, the leading European
              provider of broadband internet access, grew by 180% in 2000 to
              340,000 subscribers by year end. This will continue to retail
              under the well-established chello brand name across UPC systems
              and beyond.
           2. chello interactive services. This unit deploys key products to
              support UPC's digital roll-out across Europe, including broadband
              portal services, interactive/enhanced television, walled garden
              e-commerce and entertainment.
           3. Transactional television services. Including pay-per-view,
              near-video-on-demand and video-on-demand services for UPC
              systems, non-UPC systems and via broadband internet. Its products
              are today being deployed successfully in the Netherlands and
              Austria.
           4. Pay television channels. UPCtv currently produces and distributes
              eight successful thematic channels to systems across Europe,
              reaching over eight million subscribers at year end, with brands
              such as Extreme Sports, Avante and Innergy.  In addition, it
              holds investment stakes in a number of third-party branded
              channels and programming ventures.
 
     -- VoIP: In January, UPC and Cisco Systems signed a letter of intent to
        build the first cable Voice over Internet Protocol (VoIP)
        communications network in the European Union.  VoIP is the practice of
        sending digital voice signals utilizing an IP network infrastructure
        rather than the traditional telephone network. The companies also
        announced their intention to extend their strategic co-operation on the
        design, development and deployment of IP-centric services, built on
        end-to-end IP infrastructure including core networks, optical systems
        and call agents.
     -- chello Expansion: In the fourth quarter, UPC continued chello's
        expansion into Central Europe with two launch announcements. In
        December, the companies announced that chello would be launched in
        Poland and delivered via cable with UPC Telewizja Kablowa, and via
        satellite to the existing DTH customers of Wizja TV (owned by UPC). In
        November, chello was launched in Hungary in association with UPC
        Magyarorszag, Hungary's largest broadband communications company.
 
 
     AUSTAR UNITED COMMUNICATIONS
     Austar United (ASX: AUN) is a leading broadband communications provider of
 video, voice and data services in Australia and New Zealand. At December 31,
 2000, Austar United had, in aggregate, 2.2 million homes passed, 442,200 video
 subscribers, 41,200 telephony access lines and 124,800 Internet access
 accounts.
 
     AUC Operating and Financial Highlights
 
     -- Total consolidated revenue for the year ended December 31, 2000 was
        $177.3 million, an increase of 17% over the same period last year.
        Adjusted EBITDA decreased from negative $16.5 million for the year
        ended December 31, 1999 to negative $45.3 million for the year ended
        December 31, 2000.
     -- Digital DTH subscribers in Australia were 421,200 at the end of the
        fourth quarter, an increase of 39,400 over the prior 12 months.
        DTH ARPU at Austar was A$53.68 (US$30.92) per subscriber for the year
        ended December 31, 2000 compared to A$53.71 (US$34.71) per subscriber
        for the year ended December 31, 1999.
     -- New service RGU's. Austar United Broadband ended its first full year of
        operations with 79,700 Internet and mobile phone customers.
     -- XYZ Entertainment, Austar United's 50%-owned programming venture in
        Australia, reported an increase of 787,700 subscribers to its
        five-channel package of services since December 31, 1999. Total
        subscribers at December 31, 2000 were 5,457,700, an increase of
        17% year-over-year.  Revenue for the year ended December 31, 2000 was
        A$84.1 (US$48.4) million, an increase of 37% over the comparable period
        in the prior year.
     -- Telstra Saturn continued to increase its telephony penetration in the
        Wellington, NZ market and launched in Christchurch.  Total telephony
        subscribers at December 31, 2000 were 33,600, representing an average
        penetration rate of 34%. Total customers, including cable, telephony
        and Internet, were 99,700 at December 31, 2000.
 
     Austar United Recent Events
 
     -- Broadband Internet via MMDS: In January, Austar United Broadband was
        named "The best broadband service provider to underserved communities"
        by the Wireless Cable Association. Since November 2000, Austar passes
        nearly one million homes in regional Australia with the first broadband
        Internet network in the country via MMDS (high speed downstream,
        telephone return). In addition, Austar is currently testing a two way,
        high speed MMDS network in the Newbury market.
     -- Retail Stores: In December, Austar Communications opened retail stores
        selling television, mobile phone and Internet services in Maroochydore,
        Cairns and Townsville. The stores will allow customers to experience
        technology products with which they are unfamiliar, such as interactive
        television and broadband Internet. The stores will also help to raise
        Austar's profile in each of these highly populated regions.
     -- TVNZ Partnership: In November, TelstraSaturn, the joint venture between
        Austar United Communications and Telstra Corporation which is building
        New Zealand's first national broadband communications network,
        announced a partnership with TVNZ to launch satellite based digital
        television in New Zealand. The partnership will enable TelstraSaturn to
        establish a preeminent position in the New Zealand market with a
        complete interactive television platform.
 
     UNITED LATIN AMERICA / VTR
     United Latin America (ULA) had approximately 2.3 million homes passed,
 634,800 two-way homes passed, 533,600 video customers, 121,200 telephony
 subscribers and 8,400 high speed Internet access accounts at December 31,
 2000. VTR, ULA's wholly-owned subsidiary in Chile, represents approximately
 83% of the Latin American subscriber base.
 
     VTR Operating and Financial Highlights
 
     -- VTR's video customers as of December 31, 2000 totaled 422,700,
        representing an increase of 9% from December 31, 1999. VTR's share is
        now approximately 55% of Chile's cable television market.
     -- VTR's telephony subscribers increased 91% from 63,400 at December 31,
        1999 to 121,200 at December 31, 2000, representing a 19% average
        penetration rate. On a sequential basis from September 30, 2000,
        telephony access lines increased 20%.
     -- VTR's video ARPU increased 7% to CP12,885 (US$23.94) for the year ended
        December 31, 2000 from CP12,013 (US$23.64) for the year ended December
        31, 1999. Telephony ARPU increased 17% to CP15,630 (US$28.97) for the
        year ended December 31, 2000 from CP13,332 (US$26.09) for the
        comparable period in the prior year.
     -- VTR's revenue for the quarter and year ended December 31, 2000
        increased 31% and 26%, respectively, to CP22,315 (US$39.0) million and
        CP80,028 (US$148.2) million from CP17,012 (US$34.6) million and
        CP63,665 (US$127.5) million during the same period in 1999,
        respectively. VTR's Adjusted EBITDA for the quarter and year ended
        December 31, 2000 increased 100% and 16%, respectively, to
        CP3,932 (US$6.9) million and CP13,725 (US$25.4) million from
        CP1,964 (US$3.6) million and CP11,853 (US$23.3) million during the same
        period in 1999, respectively.
 
     ULA / VTR Recent Events
 
     -- VTR Broadband Launches: In February, VTR launched its broadband
        Internet service in Concepcion, the most important city in southern
        Chile, followed by launches in the central cities of Vina del Mar and
        Valparaiso in March, bringing the total number of Internet ready homes
        to 382,000.
     -- Premium Services Added: In February, VTR added three additional cities
        to those able to receive its premium video services, bringing the total
        number of cities reached by the service to 14.
     -- MGM Launch on CableVision: In January, CableVision, the largest cable
        television service provider in Argentina and all of Latin America,
        added the MGM Channel to its programming line-up, expanding MGM's
        distribution in Argentina by 1.5 million subscribers to a total of
        2.7 million homes. MGM Networks Latin America is an alliance between
        United and MGM Networks and operates three television channels in Latin
        America.
 
     About UnitedGlobalCom
     United is the largest international communications provider of video,
 voice and data services with operations in 26 countries. At December 31, 2000,
 United's networks, in aggregate, reached 18.5 million homes and served
 10.6 million video customers.  In addition, the company's telephony business
 had approximately 584,900 telephony subscribers and its high speed Internet
 access business had over 503,000 accounts.  Adjusting for announced
 transactions, United's networks would reach more than 22 million homes and
 serve nearly 12 million video customers.
     United's significant operating subsidiaries include United Pan-Europe
 Communications N.V. (UPC) (53% owned), the largest pan-European broadband
 communications company; Austar United Communications (73% owned) a leading
 satellite, cable television and telecommunications provider in Australia and
 New Zealand; and VTR GlobalCom (100% owned), the largest cable television and
 competitive telephony provider in Chile.
 
     NOTE:  Except for historical information contained herein, this news
 release contains forward-looking statements which involve certain risks and
 uncertainties that could cause actual results to differ materially from those
 expressed or implied by these statements. These forward-looking statements
 include consummation of planned acquisitions, launch of new services and other
 statements concerning growth as well as financial projections concerning UPC.
 These risks and uncertainties include the acceptance and continued use by
 subscribers and potential subscriber of the Company's services, changes in
 technology, competition, the company's ability to raise capital and control
 expenses, as well as other factors detailed from time to time in the Company's
 filings with the Securities and Exchange Commission.
     The announcement concerning the United/Liberty Media transaction is
 neither an offer to purchase nor a solicitation of an offer to sell
 securities.  The offer will be made only through a prospectus.  In connection
 with this proposed transaction, United has filed a proxy
 statement/registration statement with the SEC and a prospectus will be
 included in that registration statement. Other materials relating to the
 merger will also be filed with the SEC.  Investors are urged to read the proxy
 statement/prospectus and other relevant documents to be filed with the SEC
 because they will include important information.
     Materials filed with the SEC will be available electronically without
 charge at an Internet site maintained by the SEC.  The address of that site is
 http://www.sec.gov.  In addition, the proxy statement/prospectus filed with
 the SEC will be mailed to United Shareholders and may be obtained without
 charge from United upon request.  Documents filed with the SEC with respect to
 the transaction may be obtained from United by directing a request to Richard
 Abbott, Vice President of Finance, UnitedGlobalCom, Inc., 4643 S. Ulster
 Street, Suite 1300, Denver, CO  80237.
     The identity of persons who may be considered "Participants in the
 Solicitation" and the description of their interests is available in the
 Annual Meeting Proxy Statement on Schedule 14A filed by United on May 1, 2000.
 
     For further information please contact:  Investor Relations, Richard
 Abbott - Vice President, Finance, 303-220-6682, rabbott@unitedglobal.com, or
 Corporate Communications, Jim Carlson - Vice President, Corporate
 Communications, 303-220-6662, jcarlson@unitedglobal.com.
     Also, please visit our web site at www.unitedglobal.com for further
 information about our company and a presentation on our 2000 Year-end results.
 
 
                             UNITEDGLOBALCOM, INC.
                          CONSOLIDATED BALANCE SHEETS
             (In thousands, except par value and number of shares)
 
                                                    As of December 31,
                                                 2000              1999
     ASSETS
     Current assets
       Cash and cash equivalents              $1,876,828       $1,925,915
       Restricted cash                            11,612           18,217
       Short-term liquid investments             347,084          629,689
       Subscriber receivables, net of
        allowance for doubtful accounts
        of $66,559 and $27,808, respectively     169,532           83,388
       Notes receivable, related party           256,947              723
       Other receivables, including related
        party receivables of $21,478
        and $26,578, respectively                175,198          151,547
       Inventory                                 131,853           82,995
       Deferred taxes                              2,896            2,119
       Other current assets, net                 108,250           91,673
         Total current assets                  3,080,200        2,986,266
     Marketable equity securities
      and other investments                       38,560          235,917
     Investments in affiliates, accounted
      for under the equity method, net           756,322          309,509
     Property, plant and equipment, net
      of accumulated depreciation of
      $920,972 and $482,524, respectively      3,748,804        2,379,837
     Goodwill and other intangible assets,
      net of accumulated amortization of
      $448,012 and $170,133, respectively      5,154,907        2,944,802
     Deferred financing costs, net of
      accumulated amortization of $52,180
      and $17,062, respectively                  207,573          130,704
     Deferred taxes                                5,057            3,698
     Other assets, net                            12,350           12,120
         Total assets                        $13,003,773       $9,002,853
 
     LIABILITIES AND STOCKHOLDERS'
      (DEFICIT) EQUITY
     Current liabilities
       Accounts payable, including
        related party payables of $1,555
        and $390, respectively                  $578,399         $306,760
       Accrued liabilities                       619,609          324,431
       Subscriber prepayments and deposits        96,296           41,466
       Short-term debt                            51,208          173,296
       Current portion of other long-term debt   193,923           52,180
       Other current liabilities                  14,330           10,567
         Total current liabilities             1,553,765          908,700
     Senior discount notes and senior notes    6,190,741        4,385,004
     Other long-term debt                      3,354,185        1,604,451
     Deferred compensation                        27,460           54,825
     Deferred taxes                                8,237           17,074
     Other long-term liabilities                  30,918           23,603
         Total liabilities                    11,165,306        6,993,657
     Commitments and contingencies
     Minority interests in subsidiaries        1,884,568          867,970
     Series B Convertible Preferred Stock,
      stated at liquidation value, 113,983
      and 116,185 shares issued and
      outstanding, respectively                   28,117           26,920
     Stockholders' (deficit) equity
       Class A Common Stock, $0.01 par value,
        210,000,000 shares authorized,
        83,820,633 and 81,574,815 shares
        issued and outstanding, respectively         838              816
       Class B Common Stock, $0.01 par value,
        30,000,000 shares authorized,
        19,221,940 and 19,323,940 shares
        issued and outstanding, respectively         192              193
       Series C Convertible Preferred Stock,
        425,000 shares issued and outstanding    425,000          410,125
       Series D Convertible Preferred Stock,
        287,500 shares issued and outstanding    287,500          268,773
       Additional paid-in capital              1,542,609        1,416,635
       Deferred compensation                    (117,136)        (119,996)
       Treasury stock, at cost, 5,604,948
        and 5,569,240 shares of Class A
        Common Stock, respectively               (29,984)         (29,061)
       Accumulated deficit                    (1,892,706)        (621,941)
       Other cumulative comprehensive loss      (290,531)        (211,238)
         Total stockholders' (deficit) equity    (74,218)       1,114,306
         Total liabilities and
         stockholders' (deficit) equity      $13,003,773       $9,002,853
 
 
                             UNITEDGLOBALCOM, INC.
     CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME
         (In thousands, except per share amounts and number of shares)
 
                                       For the Year Ended       For the Ten
                                          December 31,          Months Ended
                                                                 December 31,
                                       2000            1999          1998
 
     Revenue                        $1,251,034       $720,762       $254,466
     Operating expense                (876,234)      (458,748)      (122,811)
     Selling, general and
      administrative expense          (700,081)      (618,925)      (299,993)
     Depreciation and amortization    (815,522)      (418,714)      (159,045)
       Operating loss               (1,140,803)      (775,625)      (327,383)
     Gain on issuance of common
      equity securities by
      subsidiaries                     127,731      1,508,839             --
     Interest income, including
      related party income of
      $1,918, $561 and $497,
      respectively                     133,297         54,375         10,681
     Interest expense                 (928,783)      (399,999)      (163,227)
     Foreign currency exchange
      (loss) gain, net                (215,900)       (39,501)         1,582
     Provision for losses on
      investment related costs          (5,852)        (7,127)        (9,686)
     Gain on sale of investments
      in affiliates                      6,194             --             --
     Other expense, net                 (4,305)       (14,641)        (3,518)
      (Loss) income before income
       taxes and other items        (2,028,421)       326,321       (491,551)
     Income tax benefit
      (expense), net                     2,897           (198)          (610)
     Minority interests in
      subsidiaries                     934,548        360,444          1,410
     Share in results of
      affiliates, net                 (129,914)       (50,249)       (54,781)
       Net (loss) income           $(1,220,890)      $636,318      $(545,532)
 
     Foreign currency
      translation adjustments         $(47,625)     $(127,154)      $(24,713)
     Unrealized holding (losses)
      gains arising during period      (31,668)         6,858           (505)
       Comprehensive (loss)
        income                     $(1,300,183)      $516,022      $(570,750)
 
     Basic net (loss) income
      attributable to common
      stockholders                 $(1,272,482)      $617,926      $(547,155)
     Diluted net (loss) income
      attributable to common
      stockholders                 $(1,272,482)      $636,318      $(547,155)
     Net (loss) income
      per common share:
       Basic net (loss) income        $(13.24)          $7.53        $(7.43)
       Diluted net (loss) income      $(13.24)          $6.67        $(7.43)
     Weighted-average number of
      common shares outstanding:
       Basic                        96,114,927     82,024,077     73,644,728
       Diluted                      96,114,927     95,331,929     73,644,728
 
 
                             UNITEDGLOBALCOM, INC.
                     CONSOLIDATED STATEMENTS OF CASH FLOWS
                                 (In thousands)
 
                                             For the Year Ended   For the Ten
                                                 December 31,    Months Ended
                                                                  December 31,
                                             2000          1999        1998
     CASH FLOWS FROM OPERATING
      ACTIVITIES:
     Net (loss) income                   $(1,220,890)    $636,318  $(545,532)
     Elimination of historical two
      month reporting difference due
      to change in fiscal year                    --           --    (50,369)
     Adjustments to reconcile net (loss)
      income to net cash flows from
      operating activities:
       Gain on issuance of common equity
        securities by subsidiaries          (127,731)  (1,508,839)        --
       Share in results of affiliates, net   129,914       49,638     66,326
       Minority interests in subsidiaries   (934,548)    (360,444)    (1,186)
       Exchange rate differences in
        U.S dollar-denominated securities    165,173       35,820     (6,359)
       Depreciation and amortization         815,522      418,714    192,968
       Accretion of interest on senior
        notes and amortization of
        deferred financing costs             488,257      224,569    130,803
       Stock-based compensation
        (credit) expense                     (43,183)     223,734    164,793
       Gain on sale of investments
        in affiliates                         (6,194)          --         --
       Provision for losses on
        investment related costs               5,852        7,127      9,473
       Increase in receivables, net          (67,984)     (82,888)   (12,755)
       Increase in other assets              (61,220)     (28,918)    (8,528)
       Increase in accounts payable,
        accrued liabilities and other        352,120      268,808     62,354
       Net cash flows from operating
        activities                          (504,912)    (116,361)     1,988
 
     CASH FLOWS FROM INVESTING ACTIVITIES:
     Purchase of short-term
      liquid investments                  (3,049,476)    (988,380)  (149,601)
     Proceeds from sale of short-term
      liquid investments                   3,244,389      140,216    141,834
     Restricted cash released
      (deposited), net                         3,801       (3,259)    27,904
     Investments in affiliates and
      other investments                     (348,077)    (373,526)  (139,011)
     Proceeds from sale of investments
      in affiliated companies                     --       18,000     19,968
     New acquisitions, net of
      cash acquired                       (1,703,660)  (2,321,799)  (109,881)
     Capital expenditures                 (1,813,380)    (794,177)  (217,057)
     Increase in notes receivable
      from affiliates                       (256,224)        (723)        --
     Other                                    53,434      (30,439)    (7,616)
         Net cash flows from
          investing activities            (3,869,193)  (4,354,087)  (433,460)
 
     CASH FLOWS FROM FINANCING ACTIVITIES:
     Issuance of common stock by
      subsidiaries                           102,403    2,624,306         --
     Issuance of common stock in
      connection with public offerings,
      net of financing costs                      --      571,440      7,402
     Issuance of Series C Convertible
      Preferred Stock                             --      381,608         --
     Issuance of Series D Convertible
      Preferred Stock                             --      259,929         --
     Issuance of convertible preferred
      stock by subsidiary                    990,000           --         --
     Issuance of common stock in
      connection with Company's and
      subsidiaries' stock option plans        13,263       28,355      4,789
     Issuance of common stock in connection
      with exercise of warrants                   --       21,627         --
     Proceeds from offering of senior
      notes and senior discount notes      1,612,200    2,749,752         --
     Retirement of existing senior notes          --         (435)        --
     Proceeds from short-term and
      long-term borrowings                 4,328,269    1,064,579    321,167
     Deferred financing costs               (149,259)    (100,679)    (5,932)
     Repayments of short-term and
      long-term borrowings                (2,468,561)  (1,277,038)  (168,358)
     Payment of sellers notes                   (391)     (18,000)        --
     Cash contributed from (paid to)
      minority interest partners                  --        2,971       (253)
         Net cash flows from
          financing activities             4,427,924    6,308,415    158,815
     EFFECT OF EXCHANGE RATES ON CASH       (102,906)      52,340      4,824
 
     (DECREASE) INCREASE IN CASH AND
      CASH EQUIVALENTS                       (49,087)   1,890,307   (267,833)
     CASH AND CASH EQUIVALENTS,
      BEGINNING OF PERIOD                  1,925,915       35,608    303,441
     CASH AND CASH EQUIVALENTS,
      END OF PERIOD                       $1,876,828   $1,925,915    $35,608
 
 
      OPERATING SYSTEM DATA
                                             As of December 31, 2000
 
                                     United          System        Homes in
                                   Ownership        Ownership       Service
                                                                     Area
     VIDEO:
 
     UPC:
       The Netherlands                52.6%            100.0%      2,569,700
       Poland                         52.6%            100.0%      1,950,000
       Germany (PrimaCom)             13.1%             25.0%      1,916,900
       Hungary (UPC Magyarorszag)     52.6%            100.0%        915,500
       Germany (EWT/TSS)              26.8%             51.0%        781,000
       Austria                        50.0%             95.0%      1,168,700
       Israel                         24.5%             46.6%        637,600
       Czech Republic                 52.6%            100.0%        913,000
       France                         48.4%             92.0%      2,591,200
       Norway                         52.6%            100.0%        529,000
       Slovak Republic           50.0-52.6%       95.0-100.0%        517,800
       Romania                   26.8-36.8%        51.0-70.0%        648,500
       Sweden                         52.6%            100.0%        770,000
       Belgium                        52.6%            100.0%        530,000
       Malta                          26.3%             50.0%        183,000
       Hungary (Monor)                52.0%             98.9%         85,600
         Total                                                    16,707,500
     Asia/Pacific:
       Australia                      72.9%            100.0%      2,085,000
       Philippines                    19.6%             49.0%        600,000
       New Zealand                    36.5%             50.0%        141,000
       Total                                                       2,826,000
     Latin America:
       Chile                         100.0%            100.0%      2,350,000
       Mexico                         90.3%             90.3%        395,300
       Brazil (Jundiai)               49.0%             49.0%         70,200
       Brazil (TV Show Brasil)       100.0%            100.0%        463,000
       Peru                          100.0%            100.0%        140,000
         Total                                                     3,418,500
     TOTAL                                                        22,952,000
     TOTAL BASED ON CONSOLIDATED
      SYSTEMS (1)                                                 19,008,000
     TOTAL BASED ON PROPORTIONATE
      DATA (2)                                                    12,391,000
 
 
                                             Two-way
                                Homes         Homes      Basic        Basic
                                Passed       Passed   Subscribers  Penetration
     VIDEO:
 
     UPC:
       The Netherlands        2,458,800    2,025,200     2,258,700     91.9%
       Poland                 1,850,700      149,300     1,479,000     79.9%
       Germany (PrimaCom)     1,916,900      411,000     1,301,700     67.9%
       Hungary (UPC
        Magyarorszag)           770,700      182,400       614,700     79.8%
       Germany (EWT/TSS)        781,000        8,900       570,000     73.0%
       Austria                  917,300      914,000       484,300     52.8%
       Israel                   637,600      396,600       452,800     71.0%
       Czech Republic           786,400      179,300       423,000     53.8%
       France                 1,224,400      322,500       395,600     32.3%
       Norway                   473,400      139,500       333,400     70.4%
       Slovak Republic          377,200       17,300       331,800     88.0%
       Romania                  450,700           --       285,200     63.3%
       Sweden                   421,600      233,400       252,800     60.0%
       Belgium                  152,100      152,100       124,300     81.7%
       Malta                    183,000           --        82,800     45.2%
       Hungary (Monor)           72,700           --        38,800     53.4%
         Total               13,474,500    5,131,500     9,428,900
     Asia/Pacific:
       Australia              2,083,100      260,600       421,200     20.2%
       Philippines              517,500           --       193,300     37.4%
       New Zealand               95,400       95,400        21,000     22.0%
         Total                2,696,000      356,000       635,500
     Latin America:
       Chile                  1,613,800      622,800       422,700     26.2%
       Mexico                   258,700       12,000        70,500     27.3%
       Brazil (Jundiai)          67,900           --        17,700     26.1%
       Brazil (TV Show Brasil)  301,000           --        15,000      5.0%
       Peru                      63,900           --         7,700     12.1%
         Total                2,305,300      634,800       533,600
     TOTAL                   18,475,800    6,122,300    10,598,000
     TOTAL BASED ON
      CONSOLIDATED
      SYSTEMS (1)            14,798,800    5,207,300     8,458,200
     TOTAL BASED ON
      PROPORTIONATE
      DATA (2)                9,656,100    3,235,000     4,941,100
 
     (1)  Summation of the operating system data for those systems that we
          consolidate in our financial statements due to majority ownership and
          control.
     (2)  Summation of the operating system data multiplied by our ownership
          percentage.
 
 
      OPERATING SYSTEM DATA
                                    As of December 31, 2000
 
                                           Subscribers            Lines
                    United    System
                 Ownership Ownership Residential Business Residential Business
     VOICE:
 
     UPC:
       The
        Netherlands  52.6%     100.0%    174,300    8,800    201,200   24,300
       Austria       50.0%      95.0%    103,400    1,200    105,000    4,000
       Hungary
        (Monor)      52.0%      98.9%     66,400    3,700     68,000    6,900
       France        48.4%      92.0%     37,500       --     39,700      600
       Norway        52.6%     100.0%     14,300      800     15,600    3,800
       Spain         26.3%      50.1%      4,400    4,000      4,400    4,000
       Czech
        Republic     52.6%     100.0%      3,600       --      3,600       --
       Germany
        (EWT/TSS)    26.8%      51.0%        100       --        100       --
       Total                             404,000   18,500    437,600   43,600
     Austar United:
       New Zealand   36.5%      50.0%     32,100    1,500     37,700    4,300
       Australia     72.9%     100.0%      7,600       --      7,600       --
       Total                              39,700    1,500     45,300    4,300
     VTR:
       Chile        100.0%     100.0%    120,200    1,000    132,900    2,600
     TOTAL                               563,900   21,000    615,800   50,500
     TOTAL BASED ON
      CONSOLIDATED
      SYSTEMS (1)                        531,800   19,500    578,100   46,200
     TOTAL BASED ON
      PROPORTIONATE
      DATA (2)                           339,700    9,300    372,000   25,000
 
     (1)  Summation of the operating system data for those systems that we
          consolidate in our financial statements due to majority ownership and
          control.
     (2)  Summation of the operating system data multiplied by our ownership
          percentage.
 
 
      OPERATING SYSTEM DATA
                                                As of December 31, 1999
 
                                           United        System       Basic
                                         Ownership     Ownership   Subscribers
     INTERNET:
 
     UPC:
       The Netherlands                      52.6%        100.0%      166,100
       Austria                              50.0%         95.0%       98,900
       Sweden                               52.6%        100.0%       33,100
       Germany (PrimaCom)                   13.1%         25.0%       20,500
       Belgium                              52.6%        100.0%       16,500
       Norway                               52.6%        100.0%       15,400
       France                               48.4%         92.0%       13,600
       Hungary (UPC Magyarorszag)           52.6%        100.0%        3,000
       Czech Republic                       52.6%        100.0%        2,500
       Poland                               52.6%        100.0%          100
       Germany (EWT/TSS)                    26.8%         51.0%          100
         Total                                                       369,800
     Austar United:
       Australia                            72.9%        100.0%       79,700
       New Zealand                          36.5%         50.0%       45,100
         Total                                                       124,800
     VTR:
       Chile                               100.0%        100.0%        8,400
         TOTAL                                                       503,000
     TOTAL BASED ON CONSOLIDATED
      SYSTEMS (1)                                                    437,400
     TOTAL BASED ON PROPORTIONATE DATA (2)                           266,200
     CONTENT:
     UPC:
       Ireland                              42.1%         80.0%    4,422,000
       Spain/Portugal                       26.3%         50.0%    1,605,000
       Poland                               52.6%        100.0%    1,167,600
       Hungary                              52.6%        100.0%       29,100
       Czech Republic                       52.6%        100.0%       21,500
       Slovak Republic                      52.6%        100.0%        8,700
         Total                                                     7,253,900
     Austar United:
       Australia                            36.5%         50.0%    5,457,700
     MGM:
       Latin America                        50.0%         50.0%   11,863,000
         TOTAL                                                    24,574,600
     TOTAL BASED ON CONSOLIDATED SYSTEMS (1)                       5,648,900
     TOTAL BASED ON PROPORTIONATE DATA (2)                        10,849,100
 
     (1)  Summation of the operating system data for those systems that we
          consolidate in our financial statements due to majority ownership and
          control.
     (2)  Summation of the operating system data multiplied by our ownership
          percentage.
 
 
      OPERATING SYSTEM DATA
                                           As of December 31, 1999
 
                                                                  Homes in
                                      United         System        Service
                                     Ownership      Ownership        Area
     VIDEO:
     UPC:
       The Netherlands                   53.2%         100.0%      1,714,600
       Poland                            53.2%         100.0%      1,950,000
       Hungary (UPC Magyarorszag)        42.2%          79.3%        901,500
       Austria                           50.5%          95.0%      1,081,100
       Israel                            24.8%          46.6%        660,000
       Czech Republic               50.3-53.2%    94.6-100.0%        817,100
       France                            53.0%          99.6%      1,265,800
       Norway                            53.2%         100.0%        529,000
       Slovak Republic              50.3-53.2%    94.6-100.0%        417,800
       Sweden                            53.2%         100.0%        770,000
       Belgium                           53.2%         100.0%        133,100
       Romania                      27.1-53.2%    51.0-100.0%        284,300
       Malta                             26.6%          50.0%        177,000
       Hungary (Monor)                   51.7%          97.1%         85,700
         Total                                                    10,787,000
     Asia/Pacific:
       Australia                         75.4%         100.0%      2,085,000
       Philippines                       19.6%          49.0%        600,000
       New Zealand                       75.4%         100.0%        141,000
         Total                                                     2,826,000
     Latin America:
       Chile                            100.0%         100.0%      2,350,000
       Mexico                            49.0%          49.0%        341,600
       Brazil (Jundiai)                  46.3%          46.3%         70,200
       Brazil (TV Show Brasil)          100.0%         100.0%        437,000
       Peru                              62.2%          62.2%        140,000
         Total                                                     3,338,800
     TOTAL                                                        16,951,800
     TOTAL BASED ON CONSOLIDATED
      SYSTEMS (1)                                                 15,103,000
     TOTAL BASED ON PROPORTIONATE
      DATA (2)                                                    10,207,600
 
 
                                          As of December 31, 1999
 
                                            Two-way
                               Homes          Homes      Basic        Basic
                               Passed        Passed    Subscribers Penetration
     VIDEO:
 
     UPC:
       The Netherlands        1,660,200    1,376,100    1,517,400      91.4%
       Poland                 1,756,200           --    1,277,900      72.8%
       Hungary (UPC
        Magyarorszag)           655,300       83,300      518,600      79.1%
       Austria                  906,300      753,100      470,500      51.9%
       Israel                   608,800      380,700      425,000      69.8%
       Czech Republic           736,500       10,000      374,300      50.8%
       France                   927,000       95,200      334,600      36.1%
       Norway                   468,100       55,500      327,500      70.0%
       Slovak Republic          304,400           --      244,700      80.4%
       Sweden                   421,600      167,700      243,000      57.6%
       Belgium                  133,000      130,800      125,100      94.0%
       Romania                  166,400           --      112,100      67.4%
       Malta                    173,500           --       76,500      44.1%
       Hungary (Monor)           70,100       84,900       32,400      46.2%
         Total                8,987,400    3,137,300    6,079,600
     Asia/Pacific:
       Australia              2,083,100           --      381,800      18.3%
       Philippines              477,400           --      191,500      40.1%
       New Zealand               87,000       87,000       16,700      19.2%
         Total                2,647,500       87,000      590,000
     Latin America:
       Chile                  1,616,100      390,100      387,000      23.9%
       Mexico                   229,500           --       59,700      26.0%
       Brazil (Jundiai)          66,600           --       17,700      26.6%
       Brazil (TV Show Brasil)  306,000           --       16,100       5.3%
       Peru                      63,700           --        8,900      14.0%
         Total                2,281,900      390,100      489,400
     TOTAL                   13,916,800    3,614,400    7,159,000
     TOTAL BASED ON
      CONSOLIDATED
      SYSTEMS (1)            12,361,000    3,233,700    6,388,600
     TOTAL BASED ON
      PROPORTIONATE DATA (2)  8,272,700    1,980,800    3,790,300
 
     (1)  Summation of the operating system data for those systems that we
          consolidate in our financial statements due to majority ownership and
          control.
     (2)  Summation of the operating system data multiplied by our ownership
          percentage.
 
 
      OPERATING SYSTEM DATA
                                      As of December 31, 1999
 
                                           Subscribers             Lines
                    United    System
                 Ownership Ownership Residential Business Residential Business
     VOICE:
     UPC:
       The
       Netherlands   53.2%       100.0%   77,700    8,500     87,600    9,400
       Hungary
        (Monor)      51.7%        97.1%   64,700    3,100     66,800    6,400
       Austria       50.5%        95.0%   36,800      700     38,100    2,200
       France        53.0%        99.6%   13,300      200     13,600      500
       Norway        53.2%       100.0%    3,200       --      3,600      400
       Czech
       Republic 50.3-53.2%  94.6-100.0%    3,000       --      3,000       --
         Total                           198,700   12,500    212,700   18,900
     Austar United:
       New Zealand   75.4%       100.0%   22,400    1,000     26,200    2,300
     VTR:
       Chile        100.0%       100.0%   62,900      500     65,100    1,600
     TOTAL                               284,000   14,000    304,000   22,800
     TOTAL BASED ON
      CONSOLIDATED
      SYSTEMS (1)                        284,000   14,000    304,000   22,800
     TOTAL BASED ON
      PROPORTIONATE
      DATA (2)                           182,600    7,000    195,200   12,300
 
     (1)  Summation of the operating system data for those systems that we
          consolidate in our financial statements due to majority ownership and
          control.
     (2)  Summation of the operating system data multiplied by our ownership
          percentage.
 
 
      OPERATING SYSTEM DATA
                                               As of December 31, 1999
 
                                         United         System        Basic
                                        Ownership      Ownership   Subscribers
     INTERNET:
     UPC:
       The Netherlands                     53.2%         100.0%       60,100
       Austria                             50.5%          95.0%       42,100
       Belgium                             53.2%         100.0%        7,500
       Sweden                              53.2%         100.0%        5,200
       France                              53.0%          99.6%        3,300
       Norway                              53.2%         100.0%        3,300
       Hungary (UPC Magyarorszag)          42.2%          79.3%          100
         Total                                                       121,600
     Austar United:
       New Zealand                         75.4%         100.0%        6,800
     VTR:
       Chile                              100.0%         100.0%        1,000
     TOTAL                                                           129,400
     TOTAL BASED ON CONSOLIDATED
      SYSTEMS (1)                                                    129,400
     TOTAL BASED ON PROPORTIONATE DATA (2)                            69,600
     CONTENT:
     UPC:
       Ireland                             42.6%          80.0%    1,760,000
       Spain/Portugal                      26.6%          50.0%    1,137,000
       Poland                              53.2%         100.0%      984,000
         Total                                                     3,881,000
     Austar United:
       Australia                           37.7%          50.0%    4,670,000
     MGM:
       Latin America                       50.0%          50.0%    8,601,900
     TOTAL                                                        17,152,900
     TOTAL BASED ON CONSOLIDATED
      SYSTEMS (1)                                                  2,744,000
     TOTAL BASED ON PROPORTIONATE DATA (2)                         7,636,500
 
     (1)  Summation of the operating system data for those systems that we
          consolidate in our financial statements due to majority ownership and
          control.
     (2)  Summation of the operating system data multiplied by our ownership
          percentage.
 
 

SOURCE UnitedGlobalCom, Inc.
    DENVER, April 2 /PRNewswire/ -- UnitedGlobalCom, Inc. (United)
 (Nasdaq:   UCOMA) today reported financial and operating results for its fourth
 quarter and fiscal year ended December 31, 2000.  United's controlled and
 consolidated operating subsidiaries include United Pan-Europe Communications
 N.V. (UPC), the largest pan-European broadband communications company, Austar
 United Communications, a leading broadband communications provider in
 Australia and New Zealand; and VTR GlobalCom, the largest cable television and
 competitive telephony provider in Chile.
 
     Operating and Financial Highlights
 
     -- Aggregate homes passed at December 31, 2000 were 18.5 million, a
        33% increase from December 31, 1999 and a 10% sequential increase from
        September 30, 2000.  Aggregate two-way homes passed at December 31,
        2000 were 6.1 million, a 69% increase from December 31, 1999 and a 13%
        sequential increase from September 30, 2000.
     -- Aggregate video subscribers at December 31, 2000 were 10.6 million, a
        48% increase from December 31, 1999 and a 13% sequential increase from
        September 30, 2000. Basic video penetration was 57% at December 31,
        2000 compared to 51% at December 31, 1999.
     -- Aggregate telephony subscribers at December 31, 2000 were 584,900, a
        96% increase compared to 298,000 telephony subscribers at December 31,
        1999. On a sequential basis from September 30, 2000, telephony
        subscribers increased 17%.
     -- Aggregate Internet subscribers at December 31, 2000 were 503,000, a
        289% increase compared to 129,400 Internet subscribers at December 31,
        1999. On a sequential basis from September 30, 2000, Internet
        subscribers increased 44%.
     -- Consolidated revenue for the three months ended December 31, 2000 was
        $350.4 million, a 35% increase compared to $260.2 million for the same
        period in 1999.  On a sequential basis from September 30, 2000,
        consolidated revenue increased 11%.  Consolidated revenue were
        $1.25 billion for the year ended December 31, 2000, a 74% increase
        compared to the prior year period.
     -- Consolidated video revenue for the three months ended December 31, 2000
        was $238.1 million, an 11% increase compared to $214.0 million for the
        same period in 1999.   Consolidated video revenue was $925.2 million
        for the year ended December 31, 2000, a 48% increase compared to the
        prior year period.
     -- Consolidated telephony revenue for the three months ended December 31,
        2000 was $77.4 million, a 182% increase compared to $27.4 million for
        the same period in 1999.  On a sequential basis from September 30,
        2000, consolidated telephony revenue increased 40%.  Consolidated
        telephony revenue was $224.4 million for the year ended December 31,
        2000, representing a 296% increase compared to the prior year period.
     -- Consolidated data revenue for the three months ended December 31, 2000
        was $28.4 million, a 141% increase from the same period in 1999.  On a
        sequential basis from September 30, 2000, consolidated data revenue
        increased 25%.  Consolidated data revenue was $84.0 million for the
        year ended December 31, 2000, representing a 216% increase compared to
        the prior year period.
     -- Revenue from voice and data services now comprise 30% of total
        consolidated revenue for the three months ended December 31, 2000,
        compared to 15% for the same period in 1999.  Revenue from voice and
        data services comprise 25% of total consolidated revenue for the year
        ended December 31, 2000, compared to 12% for the same period in 1999.
     -- Consolidated Video Adjusted EBITDA for the three months ended December
        31, 2000 was $40.6 million, a 353% increase compared to a negative
        $11.5 million for the same period in 1999.  Consolidated Video Adjusted
        EBITDA for the year ended December 31, 2000 was $221.6 million, a 127%
        increase compared to $97.7 million for the same period in 1999.
     -- Consolidated Adjusted EBITDA was a negative $136.7 million for the
        three months ended December 31, 2000. For the year ended December 31,
        2000 consolidated adjusted EBITDA was a negative $368.5 million,
        compared to a negative $133.2 million for the same period in 1999.
 
     Gene Schneider, Chairman and CEO of United, commenting on the results
 said, "This is another strong quarter for United and its operating
 subsidiaries, and substantiates the importance we have put on pure execution
 in our businesses.  We added over 240,000 voice and data subscribers in the
 fourth quarter alone and now have over 1.0 million around the world after just
 two full years.  On top of our 10.6 million video customers, United's total
 footprint is unsurpassed in the international broadband marketplace and
 represents one of the most unique and valuable communications platforms in the
 world today."
     Mike Fries, President and COO added, "With the recent amendment to the
 Liberty transaction, we have secured over $2.6 billion in fresh equity capital
 for our businesses since December 2000.  All of our operations are now well
 financed and can focus entirely on meeting and exceeding their financial and
 operating targets for the year."
 
     Recent Transactions / Events
 
     Liberty Transaction: In February, United and Liberty Media announced an
 amendment to their June 25, 2000 agreement whereby Liberty agreed to acquire
 up to 100,000 shares of Series E Participating Convertible Preferred Stock
 ("Preferred Stock") from United in exchange for $1.4 billion in cash.  The
 Preferred Stock will carry no dividend and will be convertible into
 approximately 54.1 million common shares of United, representing an effective
 issue price of $25.87 per common share.
     The purchase of the Preferred Stock by Liberty is to occur in two stages.
 Liberty will purchase $1.0 billion of Preferred Stock (convertible into
 approximately 38.6 million United shares) upon receipt of certain regulatory
 approvals.  The remaining $400 million of Preferred Stock (convertible into
 approximately 15.5 million United shares) will be purchased at the time United
 completes the acquisition of Liberty's Latin American assets, as set out in
 the June 25, 2000 agreement between the parties.  The parties expect that to
 occur in the second quarter of 2001.
     When the $1.0 billion of Preferred Stock is converted to class B common of
 United and is combined with Liberty's existing holdings, Liberty will have a
 30% economic and 71% voting interest in United, on a fully-diluted basis.  As
 agreed upon in the June 25, 2000 agreement, Liberty will be bound by voting
 and standstill agreements with United and its controlling stockholders, and
 will appoint 4 of 12 directors.  Upon completion of the Latin American
 transaction and the issuance of the remaining Preferred Stock, and assuming
 conversion of the Preferred Stock into class B common of United, Liberty will
 have a 43% economic and 81% voting stake in United.
 
     UPC Rights Offering: In addition, United committed to fully subscribe to a
 1.0 billion euro (US$910 million) rights offering to shareholders of its
 European subsidiary, United Pan-Europe Communications, N.V. ("UPC").  The
 price for the rights offering was established at 8.00 euros (US$7.27) per
 ordinary share, or an 18% discount to UPC's closing price on February 22,
 2001, and representing an issuance of 125 million common shares.  Subject to
 appropriate regulatory approvals, the rights will be distributed after
 publication of UPC's results for the fiscal year ended December 31, 2000.
 United also has agreed that any amount of the 1.0 billion euros which it is
 not required to contribute due to the participation of other shareholders in
 the rights offering will be used to purchase additional ordinary shares from
 UPC at 11.40 euros (US$10.36) per ordinary share, which was the average
 closing price of UPC on the Amsterdam Exchange over the five trading days
 ended February 21, 2001.
     NOTE: This release is neither an offer to sell nor a solicitation to
 purchase the rights or the ordinary shares that may be purchased pursuant to
 such rights in connection with the UPC rights offering.
 
     Austar United Rights Offering: In March, Austar United Communications
 announced an A$200 million (US$102 million) pro rata renounceable rights offer
 which will be used to fund the ordinary working capital requirements of the
 company.  Under the offer, Austar will grant rights on a pro rata basis to its
 shareholders, entitling such shareholders to purchase three new shares for
 every seven existing ordinary shares, representing an offer of approximately
 0.43 shares for every one existing ordinary share.  The issue will be priced
 at A$0.95 per share, a discount of approximately 20% to the closing price on
 March 14.  UnitedGlobalCom has committed to purchase its pro rata share of the
 rights offering.  In addition, United has agreed to acquire any shares not
 subscribed to by other shareholders.
     NOTE: Neither the rights nor the shares that may be purchased pursuant to
 the Austar rights offering will be registered under the Securities Act of
 1933, as amended. Accordingly, such securities may not be offered or sold in
 the United States unless registered or transferred pursuant to an applicable
 exemption from such registration requirements.
 
 
      Customer Data    Selected customer data for the Company is presented
                       below and excludes pending transactions.
 
                              As of    As of   As of     Dec '00     Dec '00
                             Dec 31,  Sep 30,  Dec 31, vs. Dec '99 vs. Sep '00
                              1999     2000     2000    % Change     % Change
      Customer Data (000s)
 
      Aggregate Homes Passed  13,917  16,851   18,476      32.8%       9.6%
      Aggregate Two-way
       Homes Passed            3,614   5,424    6,122      69.4%      12.9%
 
      Total Customers:
       Video (subscribers)     7,159   9,401   10,598      48.0%      12.7%
       Voice (subscribers)       298     498      585      96.3%      17.5%
       Data (subscribers)        129     349      503     289.9%      44.1%
        Total                  7,586  10,248   11,686      54.0%      14.0%
 
      Consolidated Customers:
       Video (subscribers)     6,389   7,656    8,458      32.4%      10.5%
       Voice (subscribers)       298     466      551      84.9%      18.2%
       Data (subscribers)        129     308      438     239.5%      42.2%
        Total                  6,816   8,430    9,447      38.6%      12.1%
 
      Programming Subscribers:
       Gross                  17,153  22,863   24,575      43.3%       7.5%
       Proportionate           7,637  10,090   10,849      42.1%       7.5%
 
 
      Regional Data    The table below presents certain data as of and for the
                       periods indicated and excludes pending transactions.
 
                            As of    As of     As of     Dec '00     Dec '00
                           Dec 31,  Sep 30,    Dec 31,  vs Dec '99  vs Sep '00
                             1999     2000      2000     % Change    % Change
      Regional Data (000s)
 
      Total Customers: (1) (2)
       UPC                  6,412     8,889    10,221      59.4%       15.0%
       Austar United          429       545       608      41.7%       11.6%
       VTR                    451       514       552      22.4%        7.4%
       Other                  294       300       305       3.7%        1.7%
        Total               7,586    10,248    11,686      54.0%       14.0%
 
      Consolidated
      Customers:(1) (2)
       UPC                  5,911     7,441     8,363      41.5%       12.4%
       Austar United          429       452       509      18.6%       12.6%
       VTR                    451       514       552      22.4%        7.4%
       Other                   25        23        23      -8.0%        0.0%
        Total               6,816     8,430     9,447      38.6%       12.1%
 
 
                 Three Months Three Months Three Months   Dec '00    Dec '00
                        Ended      Ended      Ended   vs. Dec '99  vs. Sep '00
                        12/99      9/00      12/00      % Change     % Change
      Revenue of
       Consolidated
       Subsidiaries
       (in millions)(3):
        UPC             $178.0    $233.5     $265.7         49.3%       13.8%
        Austar United    $45.1     $43.9      $44.5         -1.3%        1.4%
        VTR              $34.6     $37.0      $39.0         12.7%        5.4%
        Other             $2.5      $1.8       $1.2        -52.0%      -33.3%
         Total          $260.2    $316.2     $350.4         34.7%       10.8%
 
      1. Includes video, voice and data.
      2. Excludes programming subscribers.
      3. Results in US dollars understate comparisons in local currencies due
         to the appreciating US dollar.
 
 
     UNITED PAN-EUROPE COMMUNICATIONS (UPC)
     UPC is the largest pan-European broadband communications company
 (Nasdaq:   UPCOY) offering cable television, telephony and/or high speed
 Internet services in 18 countries and serving, in aggregate, over 9.4 million
 video subscribers, 422,500 telephone subscribers and 369,800 broadband
 Internet accounts.
 
     UPC Operating and Financial Highlights
 
     -- Aggregate two-way capable homes across UPC's networks were 5.1 million
        at December 31, 2000, an increase of approximately 2.0 million homes
        since December 31, 1999.  Two-way homes now represent 67% of UPC's
        Western European homes passed (excluding Germany) and 38% of UPC's
        total homes passed.
     -- Aggregate video subscribers were 9.4 million at December 31, 2000,
        representing a 55% increase from December 31, 1999 and a 14% sequential
        improvement from September 30, 2000.  During the fourth quarter, UPC
        purchased 570,000 basic subscribers from the EWT/tss acquisition.
     -- Aggregate telephony subscribers, including UPC's other broadband
        cable-phone operations and its traditional telephony network in
        Hungary, at December 31, 2000 were 422,500 compared to 211,200 at
        December 31, 1999 and 365,300 at September 30, 2000.
     -- chello broadband, UPC's broadband Internet service, is now available in
        nine European countries.  At December 31, 2000, UPC served
        369,800 residential and business Internet access accounts, compared to
        121,600 at December 31, 1999 and 278,200 at September 30, 2000.
     -- Consolidated revenue increased 78% to 305.4 (US$265.7) million euros
        for the three months ended December 31, 2000 compared to the same
        period in the prior year.  This represents an 18% sequential increase
        from the 257.9 (US$233.5) million euros in revenues for the three
        months ended September 30, 2000.  Consolidated revenue increased
        124% to 1,000.8 (US$918.6) million euros for the year ended December
        31, 2000.
     -- Consolidated video revenue increased 47% to 197.9 (US$170.6) million
        euros for the three months ended December 31, 2000 compared to the
        same period in the prior year.  This represents a 10% sequential
        increase from the 179.4 (US$162.4) million euros in video revenue for
        the three months ended September 30, 2000.  Consolidated video revenue
        increased 88% to 698.4 (US$641.1) million euros for the year ended
        December 31, 2000.
     -- Consolidated Video Adjusted EBITDA increased 62.2 million euros to
        58.0 (US$50.6) million euros for the three months ended December 31,
        2000 compared to the same period in the prior year.  This represents an
        11% sequential increase from the 52.2 (US$47.3) million euros in video
        adjusted EBITDA for the three months ended September 30, 2000.
        Consolidated video adjusted EBITDA increased 140% to
        216.5 ($US199.4) million euros for the year ended December 31, 2000.
     -- Consolidated Adjusted EBITDA was negative 131.2 (US$116.8) million
        euros for the three months ended December 31, 2000, compared to
        negative 102.1 (US$106.9) million euros for the three months ended
        December 31, 1999. This represents a sequential increased loss of
        34.7 million euros, or 36%, compared to the three months ended
        September 30, 2000.
 
     UPC Recent Events
 
     -- PrimaCom Transaction: In March, UPC announced that it would combine its
        German cable businesses with those of PrimaCom AG to create the third
        largest cable operator in Germany with approximately 1.6 million
        subscribers. Included in the transaction are EWT/tss, which owns and
        operates approximately 586,000 cable subscribers, the TeleColumbus
        option received from Deutsche Bank, representing a potential
        530,000 additional cable TV subscribers, as well as its subsidiary B.V.
        Holding CAI located in Alkmaar, the Netherlands, representing
        approximately 42,000 subscribers that are already fully upgraded to
        two-way capability. At year-end, PrimaCom reported 1,005,159 German
        cable subscribers and 296,538 cable subscribers in the Netherlands.
     -- UPC Media: In February, UPC announced that it had combined the
        management of its chello broadband operations with its UPCtv operations
        into a new content division to be called UPC Media. In addition, UPC
        Media confirmed the appointment of UPC executive Andrew Barron to head
        the combined operation. UPC Media will manage four main business units:
 
           1. chello broadband internet access. chello, the leading European
              provider of broadband internet access, grew by 180% in 2000 to
              340,000 subscribers by year end. This will continue to retail
              under the well-established chello brand name across UPC systems
              and beyond.
           2. chello interactive services. This unit deploys key products to
              support UPC's digital roll-out across Europe, including broadband
              portal services, interactive/enhanced television, walled garden
              e-commerce and entertainment.
           3. Transactional television services. Including pay-per-view,
              near-video-on-demand and video-on-demand services for UPC
              systems, non-UPC systems and via broadband internet. Its products
              are today being deployed successfully in the Netherlands and
              Austria.
           4. Pay television channels. UPCtv currently produces and distributes
              eight successful thematic channels to systems across Europe,
              reaching over eight million subscribers at year end, with brands
              such as Extreme Sports, Avante and Innergy.  In addition, it
              holds investment stakes in a number of third-party branded
              channels and programming ventures.
 
     -- VoIP: In January, UPC and Cisco Systems signed a letter of intent to
        build the first cable Voice over Internet Protocol (VoIP)
        communications network in the European Union.  VoIP is the practice of
        sending digital voice signals utilizing an IP network infrastructure
        rather than the traditional telephone network. The companies also
        announced their intention to extend their strategic co-operation on the
        design, development and deployment of IP-centric services, built on
        end-to-end IP infrastructure including core networks, optical systems
        and call agents.
     -- chello Expansion: In the fourth quarter, UPC continued chello's
        expansion into Central Europe with two launch announcements. In
        December, the companies announced that chello would be launched in
        Poland and delivered via cable with UPC Telewizja Kablowa, and via
        satellite to the existing DTH customers of Wizja TV (owned by UPC). In
        November, chello was launched in Hungary in association with UPC
        Magyarorszag, Hungary's largest broadband communications company.
 
 
     AUSTAR UNITED COMMUNICATIONS
     Austar United (ASX: AUN) is a leading broadband communications provider of
 video, voice and data services in Australia and New Zealand. At December 31,
 2000, Austar United had, in aggregate, 2.2 million homes passed, 442,200 video
 subscribers, 41,200 telephony access lines and 124,800 Internet access
 accounts.
 
     AUC Operating and Financial Highlights
 
     -- Total consolidated revenue for the year ended December 31, 2000 was
        $177.3 million, an increase of 17% over the same period last year.
        Adjusted EBITDA decreased from negative $16.5 million for the year
        ended December 31, 1999 to negative $45.3 million for the year ended
        December 31, 2000.
     -- Digital DTH subscribers in Australia were 421,200 at the end of the
        fourth quarter, an increase of 39,400 over the prior 12 months.
        DTH ARPU at Austar was A$53.68 (US$30.92) per subscriber for the year
        ended December 31, 2000 compared to A$53.71 (US$34.71) per subscriber
        for the year ended December 31, 1999.
     -- New service RGU's. Austar United Broadband ended its first full year of
        operations with 79,700 Internet and mobile phone customers.
     -- XYZ Entertainment, Austar United's 50%-owned programming venture in
        Australia, reported an increase of 787,700 subscribers to its
        five-channel package of services since December 31, 1999. Total
        subscribers at December 31, 2000 were 5,457,700, an increase of
        17% year-over-year.  Revenue for the year ended December 31, 2000 was
        A$84.1 (US$48.4) million, an increase of 37% over the comparable period
        in the prior year.
     -- Telstra Saturn continued to increase its telephony penetration in the
        Wellington, NZ market and launched in Christchurch.  Total telephony
        subscribers at December 31, 2000 were 33,600, representing an average
        penetration rate of 34%. Total customers, including cable, telephony
        and Internet, were 99,700 at December 31, 2000.
 
     Austar United Recent Events
 
     -- Broadband Internet via MMDS: In January, Austar United Broadband was
        named "The best broadband service provider to underserved communities"
        by the Wireless Cable Association. Since November 2000, Austar passes
        nearly one million homes in regional Australia with the first broadband
        Internet network in the country via MMDS (high speed downstream,
        telephone return). In addition, Austar is currently testing a two way,
        high speed MMDS network in the Newbury market.
     -- Retail Stores: In December, Austar Communications opened retail stores
        selling television, mobile phone and Internet services in Maroochydore,
        Cairns and Townsville. The stores will allow customers to experience
        technology products with which they are unfamiliar, such as interactive
        television and broadband Internet. The stores will also help to raise
        Austar's profile in each of these highly populated regions.
     -- TVNZ Partnership: In November, TelstraSaturn, the joint venture between
        Austar United Communications and Telstra Corporation which is building
        New Zealand's first national broadband communications network,
        announced a partnership with TVNZ to launch satellite based digital
        television in New Zealand. The partnership will enable TelstraSaturn to
        establish a preeminent position in the New Zealand market with a
        complete interactive television platform.
 
     UNITED LATIN AMERICA / VTR
     United Latin America (ULA) had approximately 2.3 million homes passed,
 634,800 two-way homes passed, 533,600 video customers, 121,200 telephony
 subscribers and 8,400 high speed Internet access accounts at December 31,
 2000. VTR, ULA's wholly-owned subsidiary in Chile, represents approximately
 83% of the Latin American subscriber base.
 
     VTR Operating and Financial Highlights
 
     -- VTR's video customers as of December 31, 2000 totaled 422,700,
        representing an increase of 9% from December 31, 1999. VTR's share is
        now approximately 55% of Chile's cable television market.
     -- VTR's telephony subscribers increased 91% from 63,400 at December 31,
        1999 to 121,200 at December 31, 2000, representing a 19% average
        penetration rate. On a sequential basis from September 30, 2000,
        telephony access lines increased 20%.
     -- VTR's video ARPU increased 7% to CP12,885 (US$23.94) for the year ended
        December 31, 2000 from CP12,013 (US$23.64) for the year ended December
        31, 1999. Telephony ARPU increased 17% to CP15,630 (US$28.97) for the
        year ended December 31, 2000 from CP13,332 (US$26.09) for the
        comparable period in the prior year.
     -- VTR's revenue for the quarter and year ended December 31, 2000
        increased 31% and 26%, respectively, to CP22,315 (US$39.0) million and
        CP80,028 (US$148.2) million from CP17,012 (US$34.6) million and
        CP63,665 (US$127.5) million during the same period in 1999,
        respectively. VTR's Adjusted EBITDA for the quarter and year ended
        December 31, 2000 increased 100% and 16%, respectively, to
        CP3,932 (US$6.9) million and CP13,725 (US$25.4) million from
        CP1,964 (US$3.6) million and CP11,853 (US$23.3) million during the same
        period in 1999, respectively.
 
     ULA / VTR Recent Events
 
     -- VTR Broadband Launches: In February, VTR launched its broadband
        Internet service in Concepcion, the most important city in southern
        Chile, followed by launches in the central cities of Vina del Mar and
        Valparaiso in March, bringing the total number of Internet ready homes
        to 382,000.
     -- Premium Services Added: In February, VTR added three additional cities
        to those able to receive its premium video services, bringing the total
        number of cities reached by the service to 14.
     -- MGM Launch on CableVision: In January, CableVision, the largest cable
        television service provider in Argentina and all of Latin America,
        added the MGM Channel to its programming line-up, expanding MGM's
        distribution in Argentina by 1.5 million subscribers to a total of
        2.7 million homes. MGM Networks Latin America is an alliance between
        United and MGM Networks and operates three television channels in Latin
        America.
 
     About UnitedGlobalCom
     United is the largest international communications provider of video,
 voice and data services with operations in 26 countries. At December 31, 2000,
 United's networks, in aggregate, reached 18.5 million homes and served
 10.6 million video customers.  In addition, the company's telephony business
 had approximately 584,900 telephony subscribers and its high speed Internet
 access business had over 503,000 accounts.  Adjusting for announced
 transactions, United's networks would reach more than 22 million homes and
 serve nearly 12 million video customers.
     United's significant operating subsidiaries include United Pan-Europe
 Communications N.V. (UPC) (53% owned), the largest pan-European broadband
 communications company; Austar United Communications (73% owned) a leading
 satellite, cable television and telecommunications provider in Australia and
 New Zealand; and VTR GlobalCom (100% owned), the largest cable television and
 competitive telephony provider in Chile.
 
     NOTE:  Except for historical information contained herein, this news
 release contains forward-looking statements which involve certain risks and
 uncertainties that could cause actual results to differ materially from those
 expressed or implied by these statements. These forward-looking statements
 include consummation of planned acquisitions, launch of new services and other
 statements concerning growth as well as financial projections concerning UPC.
 These risks and uncertainties include the acceptance and continued use by
 subscribers and potential subscriber of the Company's services, changes in
 technology, competition, the company's ability to raise capital and control
 expenses, as well as other factors detailed from time to time in the Company's
 filings with the Securities and Exchange Commission.
     The announcement concerning the United/Liberty Media transaction is
 neither an offer to purchase nor a solicitation of an offer to sell
 securities.  The offer will be made only through a prospectus.  In connection
 with this proposed transaction, United has filed a proxy
 statement/registration statement with the SEC and a prospectus will be
 included in that registration statement. Other materials relating to the
 merger will also be filed with the SEC.  Investors are urged to read the proxy
 statement/prospectus and other relevant documents to be filed with the SEC
 because they will include important information.
     Materials filed with the SEC will be available electronically without
 charge at an Internet site maintained by the SEC.  The address of that site is
 http://www.sec.gov.  In addition, the proxy statement/prospectus filed with
 the SEC will be mailed to United Shareholders and may be obtained without
 charge from United upon request.  Documents filed with the SEC with respect to
 the transaction may be obtained from United by directing a request to Richard
 Abbott, Vice President of Finance, UnitedGlobalCom, Inc., 4643 S. Ulster
 Street, Suite 1300, Denver, CO  80237.
     The identity of persons who may be considered "Participants in the
 Solicitation" and the description of their interests is available in the
 Annual Meeting Proxy Statement on Schedule 14A filed by United on May 1, 2000.
 
     For further information please contact:  Investor Relations, Richard
 Abbott - Vice President, Finance, 303-220-6682, rabbott@unitedglobal.com, or
 Corporate Communications, Jim Carlson - Vice President, Corporate
 Communications, 303-220-6662, jcarlson@unitedglobal.com.
     Also, please visit our web site at www.unitedglobal.com for further
 information about our company and a presentation on our 2000 Year-end results.
 
 
                             UNITEDGLOBALCOM, INC.
                          CONSOLIDATED BALANCE SHEETS
             (In thousands, except par value and number of shares)
 
                                                    As of December 31,
                                                 2000              1999
     ASSETS
     Current assets
       Cash and cash equivalents              $1,876,828       $1,925,915
       Restricted cash                            11,612           18,217
       Short-term liquid investments             347,084          629,689
       Subscriber receivables, net of
        allowance for doubtful accounts
        of $66,559 and $27,808, respectively     169,532           83,388
       Notes receivable, related party           256,947              723
       Other receivables, including related
        party receivables of $21,478
        and $26,578, respectively                175,198          151,547
       Inventory                                 131,853           82,995
       Deferred taxes                              2,896            2,119
       Other current assets, net                 108,250           91,673
         Total current assets                  3,080,200        2,986,266
     Marketable equity securities
      and other investments                       38,560          235,917
     Investments in affiliates, accounted
      for under the equity method, net           756,322          309,509
     Property, plant and equipment, net
      of accumulated depreciation of
      $920,972 and $482,524, respectively      3,748,804        2,379,837
     Goodwill and other intangible assets,
      net of accumulated amortization of
      $448,012 and $170,133, respectively      5,154,907        2,944,802
     Deferred financing costs, net of
      accumulated amortization of $52,180
      and $17,062, respectively                  207,573          130,704
     Deferred taxes                                5,057            3,698
     Other assets, net                            12,350           12,120
         Total assets                        $13,003,773       $9,002,853
 
     LIABILITIES AND STOCKHOLDERS'
      (DEFICIT) EQUITY
     Current liabilities
       Accounts payable, including
        related party payables of $1,555
        and $390, respectively                  $578,399         $306,760
       Accrued liabilities                       619,609          324,431
       Subscriber prepayments and deposits        96,296           41,466
       Short-term debt                            51,208          173,296
       Current portion of other long-term debt   193,923           52,180
       Other current liabilities                  14,330           10,567
         Total current liabilities             1,553,765          908,700
     Senior discount notes and senior notes    6,190,741        4,385,004
     Other long-term debt                      3,354,185        1,604,451
     Deferred compensation                        27,460           54,825
     Deferred taxes                                8,237           17,074
     Other long-term liabilities                  30,918           23,603
         Total liabilities                    11,165,306        6,993,657
     Commitments and contingencies
     Minority interests in subsidiaries        1,884,568          867,970
     Series B Convertible Preferred Stock,
      stated at liquidation value, 113,983
      and 116,185 shares issued and
      outstanding, respectively                   28,117           26,920
     Stockholders' (deficit) equity
       Class A Common Stock, $0.01 par value,
        210,000,000 shares authorized,
        83,820,633 and 81,574,815 shares
        issued and outstanding, respectively         838              816
       Class B Common Stock, $0.01 par value,
        30,000,000 shares authorized,
        19,221,940 and 19,323,940 shares
        issued and outstanding, respectively         192              193
       Series C Convertible Preferred Stock,
        425,000 shares issued and outstanding    425,000          410,125
       Series D Convertible Preferred Stock,
        287,500 shares issued and outstanding    287,500          268,773
       Additional paid-in capital              1,542,609        1,416,635
       Deferred compensation                    (117,136)        (119,996)
       Treasury stock, at cost, 5,604,948
        and 5,569,240 shares of Class A
        Common Stock, respectively               (29,984)         (29,061)
       Accumulated deficit                    (1,892,706)        (621,941)
       Other cumulative comprehensive loss      (290,531)        (211,238)
         Total stockholders' (deficit) equity    (74,218)       1,114,306
         Total liabilities and
         stockholders' (deficit) equity      $13,003,773       $9,002,853
 
 
                             UNITEDGLOBALCOM, INC.
     CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME
         (In thousands, except per share amounts and number of shares)
 
                                       For the Year Ended       For the Ten
                                          December 31,          Months Ended
                                                                 December 31,
                                       2000            1999          1998
 
     Revenue                        $1,251,034       $720,762       $254,466
     Operating expense                (876,234)      (458,748)      (122,811)
     Selling, general and
      administrative expense          (700,081)      (618,925)      (299,993)
     Depreciation and amortization    (815,522)      (418,714)      (159,045)
       Operating loss               (1,140,803)      (775,625)      (327,383)
     Gain on issuance of common
      equity securities by
      subsidiaries                     127,731      1,508,839             --
     Interest income, including
      related party income of
      $1,918, $561 and $497,
      respectively                     133,297         54,375         10,681
     Interest expense                 (928,783)      (399,999)      (163,227)
     Foreign currency exchange
      (loss) gain, net                (215,900)       (39,501)         1,582
     Provision for losses on
      investment related costs          (5,852)        (7,127)        (9,686)
     Gain on sale of investments
      in affiliates                      6,194             --             --
     Other expense, net                 (4,305)       (14,641)        (3,518)
      (Loss) income before income
       taxes and other items        (2,028,421)       326,321       (491,551)
     Income tax benefit
      (expense), net                     2,897           (198)          (610)
     Minority interests in
      subsidiaries                     934,548        360,444          1,410
     Share in results of
      affiliates, net                 (129,914)       (50,249)       (54,781)
       Net (loss) income           $(1,220,890)      $636,318      $(545,532)
 
     Foreign currency
      translation adjustments         $(47,625)     $(127,154)      $(24,713)
     Unrealized holding (losses)
      gains arising during period      (31,668)         6,858           (505)
       Comprehensive (loss)
        income                     $(1,300,183)      $516,022      $(570,750)
 
     Basic net (loss) income
      attributable to common
      stockholders                 $(1,272,482)      $617,926      $(547,155)
     Diluted net (loss) income
      attributable to common
      stockholders                 $(1,272,482)      $636,318      $(547,155)
     Net (loss) income
      per common share:
       Basic net (loss) income        $(13.24)          $7.53        $(7.43)
       Diluted net (loss) income      $(13.24)          $6.67        $(7.43)
     Weighted-average number of
      common shares outstanding:
       Basic                        96,114,927     82,024,077     73,644,728
       Diluted                      96,114,927     95,331,929     73,644,728
 
 
                             UNITEDGLOBALCOM, INC.
                     CONSOLIDATED STATEMENTS OF CASH FLOWS
                                 (In thousands)
 
                                             For the Year Ended   For the Ten
                                                 December 31,    Months Ended
                                                                  December 31,
                                             2000          1999        1998
     CASH FLOWS FROM OPERATING
      ACTIVITIES:
     Net (loss) income                   $(1,220,890)    $636,318  $(545,532)
     Elimination of historical two
      month reporting difference due
      to change in fiscal year                    --           --    (50,369)
     Adjustments to reconcile net (loss)
      income to net cash flows from
      operating activities:
       Gain on issuance of common equity
        securities by subsidiaries          (127,731)  (1,508,839)        --
       Share in results of affiliates, net   129,914       49,638     66,326
       Minority interests in subsidiaries   (934,548)    (360,444)    (1,186)
       Exchange rate differences in
        U.S dollar-denominated securities    165,173       35,820     (6,359)
       Depreciation and amortization         815,522      418,714    192,968
       Accretion of interest on senior
        notes and amortization of
        deferred financing costs             488,257      224,569    130,803
       Stock-based compensation
        (credit) expense                     (43,183)     223,734    164,793
       Gain on sale of investments
        in affiliates                         (6,194)          --         --
       Provision for losses on
        investment related costs               5,852        7,127      9,473
       Increase in receivables, net          (67,984)     (82,888)   (12,755)
       Increase in other assets              (61,220)     (28,918)    (8,528)
       Increase in accounts payable,
        accrued liabilities and other        352,120      268,808     62,354
       Net cash flows from operating
        activities                          (504,912)    (116,361)     1,988
 
     CASH FLOWS FROM INVESTING ACTIVITIES:
     Purchase of short-term
      liquid investments                  (3,049,476)    (988,380)  (149,601)
     Proceeds from sale of short-term
      liquid investments                   3,244,389      140,216    141,834
     Restricted cash released
      (deposited), net                         3,801       (3,259)    27,904
     Investments in affiliates and
      other investments                     (348,077)    (373,526)  (139,011)
     Proceeds from sale of investments
      in affiliated companies                     --       18,000     19,968
     New acquisitions, net of
      cash acquired                       (1,703,660)  (2,321,799)  (109,881)
     Capital expenditures                 (1,813,380)    (794,177)  (217,057)
     Increase in notes receivable
      from affiliates                       (256,224)        (723)        --
     Other                                    53,434      (30,439)    (7,616)
         Net cash flows from
          investing activities            (3,869,193)  (4,354,087)  (433,460)
 
     CASH FLOWS FROM FINANCING ACTIVITIES:
     Issuance of common stock by
      subsidiaries                           102,403    2,624,306         --
     Issuance of common stock in
      connection with public offerings,
      net of financing costs                      --      571,440      7,402
     Issuance of Series C Convertible
      Preferred Stock                             --      381,608         --
     Issuance of Series D Convertible
      Preferred Stock                             --      259,929         --
     Issuance of convertible preferred
      stock by subsidiary                    990,000           --         --
     Issuance of common stock in
      connection with Company's and
      subsidiaries' stock option plans        13,263       28,355      4,789
     Issuance of common stock in connection
      with exercise of warrants                   --       21,627         --
     Proceeds from offering of senior
      notes and senior discount notes      1,612,200    2,749,752         --
     Retirement of existing senior notes          --         (435)        --
     Proceeds from short-term and
      long-term borrowings                 4,328,269    1,064,579    321,167
     Deferred financing costs               (149,259)    (100,679)    (5,932)
     Repayments of short-term and
      long-term borrowings                (2,468,561)  (1,277,038)  (168,358)
     Payment of sellers notes                   (391)     (18,000)        --
     Cash contributed from (paid to)
      minority interest partners                  --        2,971       (253)
         Net cash flows from
          financing activities             4,427,924    6,308,415    158,815
     EFFECT OF EXCHANGE RATES ON CASH       (102,906)      52,340      4,824
 
     (DECREASE) INCREASE IN CASH AND
      CASH EQUIVALENTS                       (49,087)   1,890,307   (267,833)
     CASH AND CASH EQUIVALENTS,
      BEGINNING OF PERIOD                  1,925,915       35,608    303,441
     CASH AND CASH EQUIVALENTS,
      END OF PERIOD                       $1,876,828   $1,925,915    $35,608
 
 
      OPERATING SYSTEM DATA
                                             As of December 31, 2000
 
                                     United          System        Homes in
                                   Ownership        Ownership       Service
                                                                     Area
     VIDEO:
 
     UPC:
       The Netherlands                52.6%            100.0%      2,569,700
       Poland                         52.6%            100.0%      1,950,000
       Germany (PrimaCom)             13.1%             25.0%      1,916,900
       Hungary (UPC Magyarorszag)     52.6%            100.0%        915,500
       Germany (EWT/TSS)              26.8%             51.0%        781,000
       Austria                        50.0%             95.0%      1,168,700
       Israel                         24.5%             46.6%        637,600
       Czech Republic                 52.6%            100.0%        913,000
       France                         48.4%             92.0%      2,591,200
       Norway                         52.6%            100.0%        529,000
       Slovak Republic           50.0-52.6%       95.0-100.0%        517,800
       Romania                   26.8-36.8%        51.0-70.0%        648,500
       Sweden                         52.6%            100.0%        770,000
       Belgium                        52.6%            100.0%        530,000
       Malta                          26.3%             50.0%        183,000
       Hungary (Monor)                52.0%             98.9%         85,600
         Total                                                    16,707,500
     Asia/Pacific:
       Australia                      72.9%            100.0%      2,085,000
       Philippines                    19.6%             49.0%        600,000
       New Zealand                    36.5%             50.0%        141,000
       Total                                                       2,826,000
     Latin America:
       Chile                         100.0%            100.0%      2,350,000
       Mexico                         90.3%             90.3%        395,300
       Brazil (Jundiai)               49.0%             49.0%         70,200
       Brazil (TV Show Brasil)       100.0%            100.0%        463,000
       Peru                          100.0%            100.0%        140,000
         Total                                                     3,418,500
     TOTAL                                                        22,952,000
     TOTAL BASED ON CONSOLIDATED
      SYSTEMS (1)                                                 19,008,000
     TOTAL BASED ON PROPORTIONATE
      DATA (2)                                                    12,391,000
 
 
                                             Two-way
                                Homes         Homes      Basic        Basic
                                Passed       Passed   Subscribers  Penetration
     VIDEO:
 
     UPC:
       The Netherlands        2,458,800    2,025,200     2,258,700     91.9%
       Poland                 1,850,700      149,300     1,479,000     79.9%
       Germany (PrimaCom)     1,916,900      411,000     1,301,700     67.9%
       Hungary (UPC
        Magyarorszag)           770,700      182,400       614,700     79.8%
       Germany (EWT/TSS)        781,000        8,900       570,000     73.0%
       Austria                  917,300      914,000       484,300     52.8%
       Israel                   637,600      396,600       452,800     71.0%
       Czech Republic           786,400      179,300       423,000     53.8%
       France                 1,224,400      322,500       395,600     32.3%
       Norway                   473,400      139,500       333,400     70.4%
       Slovak Republic          377,200       17,300       331,800     88.0%
       Romania                  450,700           --       285,200     63.3%
       Sweden                   421,600      233,400       252,800     60.0%
       Belgium                  152,100      152,100       124,300     81.7%
       Malta                    183,000           --        82,800     45.2%
       Hungary (Monor)           72,700           --        38,800     53.4%
         Total               13,474,500    5,131,500     9,428,900
     Asia/Pacific:
       Australia              2,083,100      260,600       421,200     20.2%
       Philippines              517,500           --       193,300     37.4%
       New Zealand               95,400       95,400        21,000     22.0%
         Total                2,696,000      356,000       635,500
     Latin America:
       Chile                  1,613,800      622,800       422,700     26.2%
       Mexico                   258,700       12,000        70,500     27.3%
       Brazil (Jundiai)          67,900           --        17,700     26.1%
       Brazil (TV Show Brasil)  301,000           --        15,000      5.0%
       Peru                      63,900           --         7,700     12.1%
         Total                2,305,300      634,800       533,600
     TOTAL                   18,475,800    6,122,300    10,598,000
     TOTAL BASED ON
      CONSOLIDATED
      SYSTEMS (1)            14,798,800    5,207,300     8,458,200
     TOTAL BASED ON
      PROPORTIONATE
      DATA (2)                9,656,100    3,235,000     4,941,100
 
     (1)  Summation of the operating system data for those systems that we
          consolidate in our financial statements due to majority ownership and
          control.
     (2)  Summation of the operating system data multiplied by our ownership
          percentage.
 
 
      OPERATING SYSTEM DATA
                                    As of December 31, 2000
 
                                           Subscribers            Lines
                    United    System
                 Ownership Ownership Residential Business Residential Business
     VOICE:
 
     UPC:
       The
        Netherlands  52.6%     100.0%    174,300    8,800    201,200   24,300
       Austria       50.0%      95.0%    103,400    1,200    105,000    4,000
       Hungary
        (Monor)      52.0%      98.9%     66,400    3,700     68,000    6,900
       France        48.4%      92.0%     37,500       --     39,700      600
       Norway        52.6%     100.0%     14,300      800     15,600    3,800
       Spain         26.3%      50.1%      4,400    4,000      4,400    4,000
       Czech
        Republic     52.6%     100.0%      3,600       --      3,600       --
       Germany
        (EWT/TSS)    26.8%      51.0%        100       --        100       --
       Total                             404,000   18,500    437,600   43,600
     Austar United:
       New Zealand   36.5%      50.0%     32,100    1,500     37,700    4,300
       Australia     72.9%     100.0%      7,600       --      7,600       --
       Total                              39,700    1,500     45,300    4,300
     VTR:
       Chile        100.0%     100.0%    120,200    1,000    132,900    2,600
     TOTAL                               563,900   21,000    615,800   50,500
     TOTAL BASED ON
      CONSOLIDATED
      SYSTEMS (1)                        531,800   19,500    578,100   46,200
     TOTAL BASED ON
      PROPORTIONATE
      DATA (2)                           339,700    9,300    372,000   25,000
 
     (1)  Summation of the operating system data for those systems that we
          consolidate in our financial statements due to majority ownership and
          control.
     (2)  Summation of the operating system data multiplied by our ownership
          percentage.
 
 
      OPERATING SYSTEM DATA
                                                As of December 31, 1999
 
                                           United        System       Basic
                                         Ownership     Ownership   Subscribers
     INTERNET:
 
     UPC:
       The Netherlands                      52.6%        100.0%      166,100
       Austria                              50.0%         95.0%       98,900
       Sweden                               52.6%        100.0%       33,100
       Germany (PrimaCom)                   13.1%         25.0%       20,500
       Belgium                              52.6%        100.0%       16,500
       Norway                               52.6%        100.0%       15,400
       France                               48.4%         92.0%       13,600
       Hungary (UPC Magyarorszag)           52.6%        100.0%        3,000
       Czech Republic                       52.6%        100.0%        2,500
       Poland                               52.6%        100.0%          100
       Germany (EWT/TSS)                    26.8%         51.0%          100
         Total                                                       369,800
     Austar United:
       Australia                            72.9%        100.0%       79,700
       New Zealand                          36.5%         50.0%       45,100
         Total                                                       124,800
     VTR:
       Chile                               100.0%        100.0%        8,400
         TOTAL                                                       503,000
     TOTAL BASED ON CONSOLIDATED
      SYSTEMS (1)                                                    437,400
     TOTAL BASED ON PROPORTIONATE DATA (2)                           266,200
     CONTENT:
     UPC:
       Ireland                              42.1%         80.0%    4,422,000
       Spain/Portugal                       26.3%         50.0%    1,605,000
       Poland                               52.6%        100.0%    1,167,600
       Hungary                              52.6%        100.0%       29,100
       Czech Republic                       52.6%        100.0%       21,500
       Slovak Republic                      52.6%        100.0%        8,700
         Total                                                     7,253,900
     Austar United:
       Australia                            36.5%         50.0%    5,457,700
     MGM:
       Latin America                        50.0%         50.0%   11,863,000
         TOTAL                                                    24,574,600
     TOTAL BASED ON CONSOLIDATED SYSTEMS (1)                       5,648,900
     TOTAL BASED ON PROPORTIONATE DATA (2)                        10,849,100
 
     (1)  Summation of the operating system data for those systems that we
          consolidate in our financial statements due to majority ownership and
          control.
     (2)  Summation of the operating system data multiplied by our ownership
          percentage.
 
 
      OPERATING SYSTEM DATA
                                           As of December 31, 1999
 
                                                                  Homes in
                                      United         System        Service
                                     Ownership      Ownership        Area
     VIDEO:
     UPC:
       The Netherlands                   53.2%         100.0%      1,714,600
       Poland                            53.2%         100.0%      1,950,000
       Hungary (UPC Magyarorszag)        42.2%          79.3%        901,500
       Austria                           50.5%          95.0%      1,081,100
       Israel                            24.8%          46.6%        660,000
       Czech Republic               50.3-53.2%    94.6-100.0%        817,100
       France                            53.0%          99.6%      1,265,800
       Norway                            53.2%         100.0%        529,000
       Slovak Republic              50.3-53.2%    94.6-100.0%        417,800
       Sweden                            53.2%         100.0%        770,000
       Belgium                           53.2%         100.0%        133,100
       Romania                      27.1-53.2%    51.0-100.0%        284,300
       Malta                             26.6%          50.0%        177,000
       Hungary (Monor)                   51.7%          97.1%         85,700
         Total                                                    10,787,000
     Asia/Pacific:
       Australia                         75.4%         100.0%      2,085,000
       Philippines                       19.6%          49.0%        600,000
       New Zealand                       75.4%         100.0%        141,000
         Total                                                     2,826,000
     Latin America:
       Chile                            100.0%         100.0%      2,350,000
       Mexico                            49.0%          49.0%        341,600
       Brazil (Jundiai)                  46.3%          46.3%         70,200
       Brazil (TV Show Brasil)          100.0%         100.0%        437,000
       Peru                              62.2%          62.2%        140,000
         Total                                                     3,338,800
     TOTAL                                                        16,951,800
     TOTAL BASED ON CONSOLIDATED
      SYSTEMS (1)                                                 15,103,000
     TOTAL BASED ON PROPORTIONATE
      DATA (2)                                                    10,207,600
 
 
                                          As of December 31, 1999
 
                                            Two-way
                               Homes          Homes      Basic        Basic
                               Passed        Passed    Subscribers Penetration
     VIDEO:
 
     UPC:
       The Netherlands        1,660,200    1,376,100    1,517,400      91.4%
       Poland                 1,756,200           --    1,277,900      72.8%
       Hungary (UPC
        Magyarorszag)           655,300       83,300      518,600      79.1%
       Austria                  906,300      753,100      470,500      51.9%
       Israel                   608,800      380,700      425,000      69.8%
       Czech Republic           736,500       10,000      374,300      50.8%
       France                   927,000       95,200      334,600      36.1%
       Norway                   468,100       55,500      327,500      70.0%
       Slovak Republic          304,400           --      244,700      80.4%
       Sweden                   421,600      167,700      243,000      57.6%
       Belgium                  133,000      130,800      125,100      94.0%
       Romania                  166,400           --      112,100      67.4%
       Malta                    173,500           --       76,500      44.1%
       Hungary (Monor)           70,100       84,900       32,400      46.2%
         Total                8,987,400    3,137,300    6,079,600
     Asia/Pacific:
       Australia              2,083,100           --      381,800      18.3%
       Philippines              477,400           --      191,500      40.1%
       New Zealand               87,000       87,000       16,700      19.2%
         Total                2,647,500       87,000      590,000
     Latin America:
       Chile                  1,616,100      390,100      387,000      23.9%
       Mexico                   229,500           --       59,700      26.0%
       Brazil (Jundiai)          66,600           --       17,700      26.6%
       Brazil (TV Show Brasil)  306,000           --       16,100       5.3%
       Peru                      63,700           --        8,900      14.0%
         Total                2,281,900      390,100      489,400
     TOTAL                   13,916,800    3,614,400    7,159,000
     TOTAL BASED ON
      CONSOLIDATED
      SYSTEMS (1)            12,361,000    3,233,700    6,388,600
     TOTAL BASED ON
      PROPORTIONATE DATA (2)  8,272,700    1,980,800    3,790,300
 
     (1)  Summation of the operating system data for those systems that we
          consolidate in our financial statements due to majority ownership and
          control.
     (2)  Summation of the operating system data multiplied by our ownership
          percentage.
 
 
      OPERATING SYSTEM DATA
                                      As of December 31, 1999
 
                                           Subscribers             Lines
                    United    System
                 Ownership Ownership Residential Business Residential Business
     VOICE:
     UPC:
       The
       Netherlands   53.2%       100.0%   77,700    8,500     87,600    9,400
       Hungary
        (Monor)      51.7%        97.1%   64,700    3,100     66,800    6,400
       Austria       50.5%        95.0%   36,800      700     38,100    2,200
       France        53.0%        99.6%   13,300      200     13,600      500
       Norway        53.2%       100.0%    3,200       --      3,600      400
       Czech
       Republic 50.3-53.2%  94.6-100.0%    3,000       --      3,000       --
         Total                           198,700   12,500    212,700   18,900
     Austar United:
       New Zealand   75.4%       100.0%   22,400    1,000     26,200    2,300
     VTR:
       Chile        100.0%       100.0%   62,900      500     65,100    1,600
     TOTAL                               284,000   14,000    304,000   22,800
     TOTAL BASED ON
      CONSOLIDATED
      SYSTEMS (1)                        284,000   14,000    304,000   22,800
     TOTAL BASED ON
      PROPORTIONATE
      DATA (2)                           182,600    7,000    195,200   12,300
 
     (1)  Summation of the operating system data for those systems that we
          consolidate in our financial statements due to majority ownership and
          control.
     (2)  Summation of the operating system data multiplied by our ownership
          percentage.
 
 
      OPERATING SYSTEM DATA
                                               As of December 31, 1999
 
                                         United         System        Basic
                                        Ownership      Ownership   Subscribers
     INTERNET:
     UPC:
       The Netherlands                     53.2%         100.0%       60,100
       Austria                             50.5%          95.0%       42,100
       Belgium                             53.2%         100.0%        7,500
       Sweden                              53.2%         100.0%        5,200
       France                              53.0%          99.6%        3,300
       Norway                              53.2%         100.0%        3,300
       Hungary (UPC Magyarorszag)          42.2%          79.3%          100
         Total                                                       121,600
     Austar United:
       New Zealand                         75.4%         100.0%        6,800
     VTR:
       Chile                              100.0%         100.0%        1,000
     TOTAL                                                           129,400
     TOTAL BASED ON CONSOLIDATED
      SYSTEMS (1)                                                    129,400
     TOTAL BASED ON PROPORTIONATE DATA (2)                            69,600
     CONTENT:
     UPC:
       Ireland                             42.6%          80.0%    1,760,000
       Spain/Portugal                      26.6%          50.0%    1,137,000
       Poland                              53.2%         100.0%      984,000
         Total                                                     3,881,000
     Austar United:
       Australia                           37.7%          50.0%    4,670,000
     MGM:
       Latin America                       50.0%          50.0%    8,601,900
     TOTAL                                                        17,152,900
     TOTAL BASED ON CONSOLIDATED
      SYSTEMS (1)                                                  2,744,000
     TOTAL BASED ON PROPORTIONATE DATA (2)                         7,636,500
 
     (1)  Summation of the operating system data for those systems that we
          consolidate in our financial statements due to majority ownership and
          control.
     (2)  Summation of the operating system data multiplied by our ownership
          percentage.
 
 SOURCE  UnitedGlobalCom, Inc.