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after that transaction, they will stay with 5.1% stake

Press Release :

Altice announces agreement by Executives to buy shares in Altice S.A. from
Carlyle

 

February 2, 2015 - Altice S.A. (Euronext: ATC) today announced that certain
executives and senior managers of Altice S.A. and their affiliates ("The
Altice Managers") have reached an agreement ("The Sale") with Carlyle Cable
Investments SC ("Carlyle") whereby Carlyle will sell some of its ordinary
shares in Altice S.A. ("Altice") to The Altice Managers.

 

Carlyle has agreed to sell 4.4 million ordinary shares in Altice equivalent to
approximately 1.8% of Altice's ordinary share capital. Entities controlled by
Patrick Drahi, Dexter Goei and Patrice Giami are acquiring respectively 4.16
million shares, 200,000 shares and 40,000 shares.

 

Exclusively for the purpose of this transaction, J.P. Morgan Securities plc
and Goldman Sachs International have agreed to a partial waiver of the lock u

agreement entered into by Carlyle in connection with its sale of ordinary
shares in Altice on November 17, 2014 and due to expire on February 15, 2015.
Any ordinary shares in Altice owned by Carlyle and not part of The Sale will
remain subject to the terms of the aforementioned lock up agreement. For the
avoidance of doubt, the scope and terms of said lock up agreement remain
strictly unchanged unless explicitly mentioned otherwise in this press
release.