Virgin Mobile Holdings (UK) plc possible offer by ntl Incorporated (“ntl”)

The Independent Board¹ of Virgin Mobile Holdings (UK) plc (“Virgin Mobile”) confirms that, following a revised approach from ntl, Virgin Mobile is in preliminary discussions with ntl which may or may not lead to a formal offer being made for the entire issued share capital of Virgin Mobile.

A further announcement will be made by the Independent Board¹ as appropriate.

Enquiries:

Finsbury
James Murgatroyd or Don Hunter
+44 (0)20 7251 3801

The Board of Virgin Mobile accepts responsibility for the information contained in this announcement. To the best of the knowledge and belief of the Board of Virgin Mobile, which has taken all reasonable care to ensure that this is the case, such information is in accordance with the facts and does not omit anything likely to affect the import of such information. This announcement does not constitute an offer or invitation to purchase or subscribe for any securities.

Morgan Stanley & Co. Limited (“Morgan Stanley”) is acting for Virgin Mobile in connection with the possible offer and no-one else and will not be responsible to anyone other than Virgin Mobile for providing protections afforded to clients of Morgan Stanley or for providing advice in relation to the possible offer.

¹The representative of Virgin Mobile’s majority shareholder has absented himself from discussions in relation to the potential offer and is accordingly excluded from the acceptance of responsibility above.