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Press Release

Lelystad 9 July 2008

Scarlet N.V. announces the aggregate number of Bonds tendered in the cash offer for its outstanding € 75 million pre-IPO step-up bonds

Number of Bonds tendered
With reference to the press release of 17 June 2008 and the advertisement of 18 June 2008, Scarlet N.V. (‘Scarlet’) announces an aggregate number of 1,200 Bonds tendered in the cash tender offer (the ‘Cash Offer’) to purchase all of its outstanding € 75 million pre-IPO step-up bonds due 2012 (the ’Bonds’). The Bonds tendered in the Cash Offer represent (i) an aggregate amount of € 60 million and (ii) 80.00% of the issued and outstanding Bonds.

The Cash Offer is conditional upon the closing of the acquisition of all shares of Scarlet by Belgacom N.V. (the “Acquisition”) as announced in the press release of 15 February 2008.

About Scarlet
Scarlet is an infrastructure-based communication services provider offering fixed-line and mobile voice, internet and data services for residential, SME, corporate and wholesale customers in the Netherlands Belgium and the Dutch Antilles. Scarlet was founded in 1992 and has grown its business since then organically and through strategic acquisitions. For the full-year 2007, Scarlet is estimated to record revenues of approximately € 125 million and an operating income before depreciation, amortisation and non-recurring items of at least € 18.5 million.

More info: www.scarlet.eu

Press enquiries
Scarlet
Sandra Ottens
T +31 320 294 494
F +31 320 294 460
M +31 6 38 180 150
sandra@scarlet-telecom.nl