The Carlyle Group and Cinven to roll over their existing respective stakes in Numericable Group into Altice S.A.

 The reorganization of Carlyle and Cinven’s investments includes the sale of approximately 14% of Numericable Group share capital to Altice France

Paris, France - Global alternative asset manager The Carlyle Group (NASDAQ: CG) and European private equity firm, Cinven, today announced that they have entered into an agreement with Altice France and Altice S.A (Euronext: ATC) (together Altice) to sell and rollover all their existing shares in Numericable Group (Euronext : NUM).

The reorganization of the stakes currently held by The Carlyle Group and Cinven – which total approximately 34.6% of Numericable Group’s share capital – will include (i) the sale of a 14.0% stake to Altice France (Altice S.A.’s subsidiary which currently holds Numericable Group’s shares) at a price of €30.50 per share and (ii) the exchange of their remaining stakes representing today approximately 20.6% of Numericable Group’s share capital for shares in Altice S.A., based on exchange ratio of 0.97 Altice S.A. share for one Numericable Group share.

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Media Contacts:

The Carlyle Group
Catherine Armstrong
+44 (0) 20 7894 1632
catherine.armstrong@carlyle.com

Hugues Schmitt
DGM France
+33 (0) 1 40 70 11 89
h.schmitt@dgm-conseil.fr

FTI Consulting LLP for Cinven

Edward Bridges (London)
+44 (0) 207 269 7176
edward.bridges@fticonsulting.com

Guillaume Granier (Paris)
++331 47 03 68 61
guillaume.granier@fticonsulting.com

About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with approximately $189 billion of assets under management across 118 funds and 106 fund of funds vehicles as of December 31, 2013. Carlyle's purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,500 people in 34 offices across six continents.

Web: www.carlyle.com
Videos: www.youtube.com/onecarlyle
Tweets: www.twitter.com/onecarlyle
Podcasts: www.carlyle.com/about-carlyle/market-commentary

About Cinven
Cinven is a leading European private equity firm focused on building world-class European companies. Its funds invest in six key sectors: Business Services, Financial Services, Healthcare, Industrials, Consumer, and Technology, Media and Telecommunications (TMT). Cinven acquires successful high quality companies and, using proven value creation strategies, works closely with these companies to help them grow and develop. Cinven takes a responsible approach towards its portfolio companies, their employees, suppliers, local communities, the environment and society.

Web:  www.cinven.com
Videos: www.youtube.com/user/CinvenPrivateEquity

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