Cable Forum - ntlwest ?

*Non-common major share holders have been removed*

NTL Inc

WR Huff Personal Holding 11,077,692 12.64%

WR Huff Asset Management Holding 10,448,530 11.92%

W R Huff total assets in NTL Inc = 21,526,222 shares = 24.56% of share capital.

FMR Corporation (Fidelity Management & Research Corp) 10,846,817 12.37%
Fidelity International Ltd (Bermuda) 2,169,814 2.48%

Fidelity Corp / Int Ltd NTL Inc holding = 13,016,631 shares, 14.85% of share capital

Franklin Resources, Inc 7,756,409 shares, 8.85% of share capital
Oaktree Capital Management, LLC 7,364,235 shares, 8.4% of share capital

Total Shares Outstanding 87,657,000

W R Huff, Fidelity, Franklin Resources and Oaktree Cap. Mgmt own 56.66% of NTL Inc.

Telewest Global Inc

HUFF, WILLIAM R. Personal Holding 45,022,199 18.38%
HUFF (W.R.) Asset Management Co., L.L.C. 42,772,619 17.46%

W R HUFF total holding in Telewest = 87,794,818 shares = 35.84% of share capital.

FMR Corporation (Fidelity Management & Research Corp) 29,830,504 12.18%
Fidelity International Ltd (Bermuda) 6,919,426 2.82%

Fidelity Corp / Int Ltd Telewest Global holding = 36,749,930 shares, 15.00% of share capital.

Franklin Resources, Inc 22,621,503 9.23 $262,861,857 30-Sep-04

Oaktree Capital Management, LLC 14,131,785 5.77 $164,211,337 30-Sep-04

Shares Outstanding 245,000,000

W R Huff and Fidelity just between the two of them own 50.84% of Telewest Global Inc.

Franklin and Oaktree Cap Mgmt's shares make this combined ownership 65.84%

The *same* 4 entities own 56.66% of NTL and 65.84% of Telewest Global.

Indeed the 2 largest holders of NTL shares own over 50% of Telewest.

You do the maths, you can bet as soon as they like the look of the numbers the two are together, rapidly. Unlikely for Mr Huff and Fidelity to argue with themselves.