Notes: May 12, 2016 -- Charter Communications, Inc. (Nasdaq: CHTR) (together with its subsidiaries, Charter), Time Warner Cable Inc. (NYSE: TWC) and Advance/Newhouse Partnership (a parent of Bright House Networks, LLC) today announced that they had received approval from the California Public Utilities Commission for the transactions between the parties, and as such, all required regulatory approvals in connection with the previously announced transactions between Charter and TWC (the Charter-TWC transactions), and Charter's acquisition of Bright House Networks have been received. Subject to the remaining customary closing conditions, the Charter-TWC transactions and Charter's acquisitions of Bright House Networks are currently expected to close on or about May 18, 2016. Upon closing of the Charter-TWC transactions, TWC stockholders will receive $100.00 in cash and shares of common stock of the new public parent company, which will be named Charter Communications, Inc. (New Charter), equivalent to 0.5409 shares of legacy Charter for each share of TWC common stock (Option A consideration). Charter has also provided an option for each TWC stockholder to receive $115.00 of cash and New Charter shares equivalent to 0.4562 shares of legacy Charter for each share of TWC common stock (Option B consideration).