The Carlyle Group to acquire Telecable, a Spanish-based telecommunications provider

– Telecable to become Carlyle’s fourth portfolio company in Spain –

18^th October 2011 – Global alternative asset manager The Carlyle Group (“Carlyle”) announced today that it has reached an agreement to acquire an 85% share of Telecable de Asturias S.A.U. (“Telecable” or the “Company”), a Spanish-based TV, telephony, broadband and advanced business solutions provider for the Asturias region in Spain. Liberbank will retain a minority stake after the transaction, which is expected to close by year-end. The transaction values the company at €400 million; equity for this investment will come from Carlyle Europe Partners III (CEP III), a €5.3 billion investment fund advised by The Carlyle Group.

Telecable is a well-established telecommunications provider with 156,000 fixed and mobile voice and Internet users. With revenues in excess of €121 million in 2010, the fast growing company was founded in 1995 and is headquartered in Oviedo and chaired by Juan García-Conde. Carlyle will support Telecable’s growth and this investment will help enable the Company to keep pioneering introduction of innovative communication technologies in the Spanish market.  For example, Telecable was the first operator to broadcast HDTV channels in the country.

Alex Wagenberg, Managing Director in Carlyle’s European buyout team, said: “Telecable has historically delivered strong performance and we look forward to supporting its growth in partnership with its talented management team”. Wagenberg also said that “the continued involvement of Liberbank retains the strong Asturian personality of the company, which we believe is one of the keys to its current and future success.”

Alejandro Martínez Peón, CEO of Telecable, said: “We are pleased at the prospect of working with Carlyle. Their industry expertise worldwide combined with a strong local understanding makes it a particularly progressive step forward in our company’s development. We are confident that this transaction will serve to enhance our offerings and underscores our strong commitment to deliver innovative technologies and outstanding customer service.”

Equity for this investment will come from Carlyle Europe Partners III (CEP III), a €5.3 billion investment fund advised by The Carlyle Group that closed in 2006. Carlyle’s experience in the telecommunications sector includes: Com Hem, a cable television, internet and telephony operator in Sweden; Numericable & Completel, cable and telecoms providers in France with additional presence in Belgium and Luxembourg; Casema, a Dutch cable operator; and Nielsen, a global information and media company providing essential marketing information analytics.

With this transaction, Telecable becomes the fourth Carlyle portfolio company in Spain with other investments in Applus+, an inspection, testing, certification and quality control company;  Orizonia, a leading tourism group and Arsys, a managed hosting, internet services and advanced IT solutions provider.

Press contacts:

The Carlyle Group

Rosanna Konarzewski

Tel:  +44 79 5661 9514

Email:  rosanna.konarzewski@carlyle.com

Portaveu Comunicación

Iván Carballido

Tel:  +34 933 077 372

Email:  ivan.carballido@portaveu.com

About The Carlyle Group

The Carlyle Group is a global alternative asset manager with approximately $153 billion of assets under management across 86 funds and 49 fund of fund vehicles (as of June 30, 2011).^[1] Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Fund of Funds Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America focusing on aerospace, defense, & government services, consumer & retail, energy, financial services, healthcare, industrial, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,100 people in 34 offices across 6 continents.

For more information visit www.carlyle.com; for case studies: www.carlylegroupcreatesvalue.com. Video: www.youtube.com/OneCarlyle.

About Telecable

Founded in 1995, Telecable is a TV, telephony, broadband and advanced business solutions provider for the Asturias region in northern Spain. With 156,000 fixed and mobile voice and Internet users, the company had revenues in excess of €121 million in 2010.  Headquartered in Oviedo, Alejandro Martínez Peón acts as its CEO.

Rosanna Konarzewski

The Carlyle Group

direct line: + 44 (0) 20 7894 1632

mobile: + 44 (0)79 5661 9514

rosanna.konarzewski@carlyle.com