Code of Ethics for Chief Executive and Senior Financial Officers

effective as of June 7, 2013

Liberty Global Ltd. (“Liberty Global”) is committed to conducting its business with honesty and integrity. To further this commitment, Liberty Global has adopted a Code of Business Conduct. Our Code of Business Conduct applies to Liberty Global and to all other companies in which Liberty Global directly or indirectly owns and has the right to vote shares or other interests representing more than 50% of the voting power of such companies (the “Controlled Companies”) with respect to the election of directors or similar officials, and to all directors, officers and employees of each, subject to certain exceptions as provided in the Code of Business Conduct.

Liberty Global has also adopted the following Code of Ethics specifically for its Chief Executive Officer and senior financial officers and the chief executive officer and senior financial officers of each Controlled Company (“Senior Officers”). As with the Code of Business Conduct, unless otherwise determined by the Board of Directors of Liberty Global (the “Board”), this Code of Ethics will not apply to the Senior Officers of (i) any Controlled Company if the Controlled Company is an “issuer” as defined in Section 2(a)(7) of the Sarbanes-Oxley Act of 2002 (generally, a company that files disclosure documents with the Securities and Exchange Commission) or (ii) any other Controlled Company that is excluded from the application of this Code of Ethics by the Board; provided, however, that such Controlled Company has its own code of ethics for senior financial officers or one or more equivalent policies. Any reference to “the Company” in this Code of Ethics includes Liberty Global and its Controlled Companies, unless otherwise indicated.

In addition to being bound by the Code of Business Conduct, including the provisions about ethical conduct, conflicts of interest and compliance with law, each Senior Officer shall:

  1. Engage in honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationship.
  2. Avoid conflicts of interest and disclose promptly to the General Counsel of Liberty Global any transaction or relationship that reasonably could be expected to give rise to a conflict of interest. If the situation in question involves a transaction required to be disclosed by Liberty Global pursuant to Item 404 of Regulation S-K of the Rules and Regulations of the Securities and Exchange Commission, prior approval from the Audit Committee of Liberty Global or another independent body of the Board regarding the situation must be obtained. A transaction or conflict of interest situation involving a Senior Officer that is fully disclosed and approved by the Audit Committee or another independent body of the Board will not be deemed to violate this Code.
  3. Use his or her best efforts to make full, fair, accurate, timely and understandable disclosure in reports and documents that the Company files with or submits to the Securities and Exchange Commission and in other public communications made by the Company.
  4. Use his or her best efforts to maintain the Company’s accounting records in accordance with all applicable laws, and to ensure that the accounting records are properly supported and classified, and do not contain any false or misleading entries.
  5. Be responsible for the Company’s system of internal financial controls. You shall promptly bring to the attention of the General Counsel and the Audit Committee any information you may have concerning (a) significant deficiencies in the design or operation of internal controls which could adversely affect the Company’s ability to record, process, summarize and report financial data, or (b) any fraud, whether or not material, that involves management or other employees who have a significant role in the Company’s financial reporting, disclosures or internal controls.
  6. Comply with applicable governmental laws, rules and regulations.
  7. Promptly report any possible violation of this Code of Ethics to the General Counsel.

The Senior Officers shall not take any action, directly or indirectly, to fraudulently influence, coerce, manipulate or mislead Liberty Global’s or its subsidiaries’ independent public auditors for the purpose of rendering the financial statements of Liberty Global or its subsidiaries misleading.

The Senior Officers will be held accountable for adherence to this Code of Ethics. The failure to observe the terms of this Code of Ethics may result in disciplinary action, up to and including termination of employment. Violations of this Code of Ethics may also constitute violations of law and may result in civil and criminal penalties. If a Senior Officer has any questions regarding the best course of action in a particular situation, he/she should promptly contact the General Counsel. A Senior Officer may choose to remain anonymous in reporting any possible violation of this Code of Ethics.

This Code may be amended, modified or waived by the Board. Any waiver of the Code for a Senior Officer of Liberty Global will be promptly disclosed to the public if required by and in accordance with applicable legal requirements.