Com Hem reports third quarter results

Increased customer intake - delivering on the plan
Third quarter summary

►    Revenue totaled SEK 1,210m (1,104), an increase of 9.6% over the third
quarter of 2013.

►    Underlying EBITDA was SEK 576m (569), an increase of 1.1% over the third
quarter of 2013.

►    Operating free cash flow was SEK 318m (302), an increase of 5.3% over the
third quarter of 2013.

►    Net result for the period was SEK 7m (-82).

►    Earnings per share were SEK 0.03 (-0.82). Pro forma earnings per share
were1) SEK 0.02 (-0.39).

►    The growth reflects an acceleration in customer intake and Com Hem
continued to deliver on its growth plan:
     - The unique consumer subscriber base grew by 15,000 to a total of 861,000
     - Broadband growth continued, increasing by 17,000 to 594,000 RGUs – a new
all-time high since 2007
     - Digital television grew for the second consecutive quarter, increasing by
8,000 to 607,000 RGUs
     - The number of TiVo customers grew by nearly 30,000 to 132,000 customers
(22% penetration)
     - The fixed-telephony subscriber base grew for the first quarter since 2011
by 3,000 RGUs
     - Churn declined from 16.4% in the prior quarter to 14.8% in the third
quarter

►   Com Hem continued to optimize its capital structure:
    - The over-allotment option was exercised on July 4 and new shares of SEK
567m were issued.
    - On July 4 Com Hem redeemed the Senior PIK Notes in full and 35% of the
Senior Notes outstanding. As a result the
      average interest rate fell from 8.4%, pre IPO, to 6.7% post IPO, and net
debt/Underlying EBITDA decreased from
      6.4x to 3.9x.
    - On October 23, after the end of the quarter, new Senior Secured Notes were
issued of SEK 2,500m due 2019 with a
      5.25% interest coupon, which will be used to finance the redemption of the
outstanding Senior Secured Notes with a
      9.25% interest coupon. Post the redemption on November 12, the average
interest rate will be reduced to 5.0%.

1) Net result for the period excluding one-off costs associated with the IPO and
refinancing of debt, adjusted for income tax, divided by the number of shares
after the issuance of new shares and exercise of the over- allotment option. See
Pro forma earnings per share on page 11 in the report.

Comment from Anders Nilsson, CEO, Com Hem

“A strong set of numbers contribute to accelerated growth”

The third quarter demonstrates that we continue delivering on our growth
strategy. All key metrics show significant progress. Total revenue was up almost
10% compared with the corresponding quarter last year, with consumer revenue
rising by 5% - on the back of our sales momentum, lower churn and higher
consumer ARPU.

Broadband has been our key focus during the quarter as we upgraded a significant
proportion of our customer base and strengthened our market proposition, raising
our minimum entry level speed to 50 Mbit/s – 5 times faster than the competition
– and making it more attractive for customers to upgrade to higher speeds. These
changes were supported by significant marketing activity and resulted in an all
-time high number, since 2007, of 17,000 net additions to our broadband
subscriber base in the quarter combined with a material improvement in the
proportion of new customers choosing 100 Mbit/s and above.

Notes to the editors:

You find the complete report with tables in the attached PDF or at:
http://www.comhemgroup.se/en/interim-report-q3-2014

Conference Call on November 4

Management will host a conference call for the financial community at 10.00 am
CET today. The presentation will be held in English and the presentation
material can be accessed on www.comhemgroup.com. An on-demand version is also
available after the presentation.

Please use the following dial-in numbers to participate:

Sweden: +46 8 5052 0110
UK: +44 20 7162 0077
US: +1 334 323 6201

For queries, please contact:

Investors:
Tomas Kihlstrand, Interim CFO
+46 725 45 99 16

Daniel Johansson, Head of Financial Control
+ 46 734 39 08 41

Carolina Haglund Strömlid, Head of Investor Relations
+ 46 708 80 71 73
E-mail: investor.relations@comhem.com

Press:
Fredrik Hallstan, Head of PR
Tel: +46 761 15 38 30
press@comhem.com

Com Hem Holding AB discloses the information provided herein pursuant to the
Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading
Act. The information was submitted for publication at 07:30 CET on November 4,
2014.
Com Hem is one of Sweden’s leading suppliers of television, high-speed broadband
and fixed-telephony. Approximately 39%, 1.85 million, of Sweden’s households are
connected to Com Hem’s network, with access to the market’s broadest range of
television services. Com Hem offers attractively priced, high-quality services
for television, high-speed broadband, fixed-telephony and has a competitive B2B
-offer of broadband and telephony services. Com Hem was established in 1983, has
approximately 1,000 employees and its head office in Stockholm. Operations are
run through three subsidiaries; Com Hem AB, Phonera Företag AB and ITUX
Communication AB. Com Hem’s shares are listed on Nasdaq in Stockholm. For more
information, visit: www.comhemgroup.com.