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Due to the magnitude of the anticipated distribution and consistent with NASD Uniform Practice Code Rule 11140(b)(2), the ex-distribution date, as previously announced, is anticipated to be January 30, 2006, which is the first business day following the January 27, 2006, payable date for the distribution. An operations committee of the NASD Board of Governors charged with interpreting NASD's Uniform Practice Code announced yesterday afternoon that it will not cancel any when-issued trading contracts effected in NTL's common equity, which had been trading since September 2002 on a when, as and if issued basis under the symbol NTIWV. The NASD Uniform Practice Code requires that the ex-dividend date for stock dividends which are 25% or greater of the value of the underlying security must be the first business day following the payable date. |
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