Virgin Media Inc. announced the pricing of the offering of approximately £715 million equivalent aggregate principal amount of senior notes due 2019, split into a $600 million U.S. dollar denominated tranche and a £350 million sterling denominated tranche, of its wholly owned subsidiary Virgin Media Finance plc The notes will be guaranteed on a senior basis by Virgin Media Inc. and the intermediate holding companies of Virgin Media Finance PLC and on a senior subordinated basis by Virgin Media Investment Holdings Limited, the main borrower under Virgin Media's senior credit facilities. The notes will rank pari passu with Virgin Media Finance's outstanding senior notes due in 2014 and 2016. The sale of the notes is expected to close on November 9, 2009, subject to satisfaction of customary closing conditions. The dollar denominated notes will bear interest at a rate of 8.375% per annum and the sterling denominated notes will bear interest at a rate of 8.875% per annum. Interest on each series of notes will be payable in cash semi-annually in arrears, beginning on April 15, 2010. Both series of notes will mature on October 15, 2019. The issue price of the dollar denominated notes is 98.364% of the principal amount and the issue price of the sterling denominated notes is 98.401% of the principal amount. The net proceeds from the offering, taking into account fees, expenses and a deferred fee, are estimated to be approximately (GBP)689.4 million, based on a $/(GBP) exchange rate of $1.6479 on October 30, 2009.

Virgin Media Inc. announced that its senior lenders have approved the proposed amendments in relation to its senior facilities agreement. The company expects that the amendments will be signed and become effective shortly. These amendments will provide the company with additional financial flexibility, which will support ongoing efforts to further strengthen its capital structure. The principal aim of the amendments is to permit the issuance of senior secured bonds, which would rank on a pari passu basis with the existing senior bank facilities, in order to refinance part of the existing senior bank facilities and diversify the sources of funding available to the company.

Virgin Media Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported operating income of GBP 50.2 million on total revenue of GBP 953.4 million compared to operating income of GBP 15.2 million on total revenue of GBP 940.9 million for the same period a year ago. Net cash provided by operating activities was GBP 278.4 million compared to GBP 235.5 million for the same period a year ago. Net loss was GBP 60.1 million or GBP 0.18 per basic and diluted share compared to GBP 122.7 million or GBP 0.37 per basic and diluted share for the same period a year ago. Net loss from continuing operations was GBP 60.1 million or GBP 0.18 per basic and diluted share compared to GBP 118.1 million or GBP 0.36 per basic and diluted share in third quarter of 2008. The sequential decline was mainly due to increased foreign currency losses, partially offset by larger gains on derivative instruments and increased operating income. The year-on-year improvement is mainly due to reduced foreign currency losses. The total purchase of fixed assets and intangible assets was GBP 120.6 million in the third quarter 2009 compared to GBP 106.7 million in third quarter of 2008. For the nine months ended September 30, 2009, the company reported operating income of GBP 78.4 million, loss from continuing operations before income taxes was GBP 243.0 million, loss from continuing operations of GBP 240.6 million or GBP 0.73 per basic and diluted share, net loss of GBP 263.4 million or GBP 2.03 per basic and diluted share on revenue of GBP 2.82 billion compared to operating loss of GBP 276.9 million, loss from continuing operations before income taxes was GBP 672.4 million, loss from continuing operations of GBP 664.5 million or GBP 2.03 per basic and diluted share, net loss of GBP 676.0 million or GBP 2.06 per basic and diluted share on revenue of GBP 2,828.3 billion for the same period a year ago.