Message from the CEO
Liberty Global has established and enjoys a very positive reputation across our business. Our reputation influences so many aspects of our company - the way our customers feel about our products and services; whether or not investors choose to buy our shares; how regulators perceive us; and whether employees find Liberty Global a satisfying place to work. Therefore, it is important for all of us to protect our reputation through a strong culture of integrity and ethical conduct.
Our shared values of respect, honesty and integrity sit at the heart of our new Code of Business Conduct (the Code). Wherever we may work and whatever our role, we are all responsible for upholding these values and principles in accordance with the highest of ethical and legal standards. It is also important that we recognise that breaches of the Code will be taken seriously and may lead to disciplinary action.
This Code has been designed to guide and support you to do your work to the best of your abilities. It is not intended to be a comprehensive guide to all company policies or to all responsibilities under law that apply to your role in the Company. With a footprint as wide and diverse as ours, this is simply not possible. It should, however, provide the basic principles and core values to help you resolve the ethical and legal issues you may face on a day-to-day basis.
To give you full ownership of this Code, we have created a transparent and informative booklet that describes the Code and gives guidance on the most essential principles and values. Given the importance of the Code to all of us and the way that we do business, we trust you will read it with due care and attention. A set of questions and answers will further help clarify how and when to use it. If you have any questions or are unsure about a particular policy or compliance issue, we urge you to contact your Compliance Officer or Legal Department. Similarly, if you believe the Code has been broken by anyone in the Company, we encourage you to speak out in the full knowledge that we will not tolerate retaliation of any kind from anyone.
With your help, we are confident that our values and reputation will be upheld long into the future.
Thank you for your commitment.

Michael T. Fries
President and Chief Executive Officer
Liberty Global, Inc.


