United Pan-Europe Communications (UPC) Announces Planned Three-For-One Share Split

United Pan-Europe Communications (UPC) today announced that its Supervisory Board and Board of Management have approved a three-for-one split of its Class Ordinary A share capital, subject to approval of its shareholders at an Extraordinary General Meeting which has been scheduled to take place on March 13, 2000. The EGM will be held at the Okura Hotel in Amsterdam.

Shareholders of record at the close of business on March 13, 2000 will be entitled to two additional Class Ordinary A shares for each A share they own on that date. Ordinary A shares in the form of American Depository Receipts will be mailed or delivered to shareholders on or around March 20, 2000 by Citibank N.A. which is UPC's American depository bank. The date on which the change in the share price will be reflected on the Amsterdam Stock Exchange and NASDAQ markets will be on or about March 20, 2000.

The stock split will increase the number of Class Ordinary A shares outstanding from approximately 145 million shares to approximately 435 million shares.

"This share split is a real demonstration of the attractiveness of our stock to a wide group of investor since our offering last February. I hope we have occasion to do this often" said Mark Schneider, Chairman & CEO of UPC.

At the same Extraordinary General Meeting, UPC shareholders will also be asked to vote on and approve the appointment to the Board of Management of UPC of Ton Tuijten, General Counsel of UPC.