Time Warner Cable Partnerships

• December 1, 2003: Announced Agreement to Restructure Kansas City and Texas Cable Partnerships

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• Earliest Split Mid-2006 Between Parties

Texas Cable Partners

Houston and Southwest Texas

1.2M basic subscribers

Debt: $1.2 billion

OCF*: $287 million

Kansas City Cable Partners

Kansas City

306,000 basic subscribers

Debt: $399 million

OCF*: $113 million

• * Excludes Management Fees

• Note: Data as of December 31, 2002

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