NTL Incorporated and Moody's Investors Service

NEW YORK and LONDON, Nov. 29, 2001 (PRIMEZONE) -- NTL Incorporated (NYSE:NLI)(Nasdaq Europe:NTLI) notes with disappointment, the action taken today by Moody's Investors Service Inc. (Moody's).

Moody's has taken its action based on publicly disclosed information on NTL's third quarter results.

Internally, the Company and its management have for some time been engaged in making adjustments to its business plan to reflect the current and anticipated business environment. The Company will communicate these plans as part of its regular update on public guidance.

NTL Incorporated, New York Investor Relations: John F. Gregg Senior Vice President/Chief Financial Officer Bret Richter Vice President--Corporate Finance and Development Investor Relations: Tamar Gerber, Director (212) 906 8440) E-mail: The Abernathy MacGregor Group Winnie Lerner (212) 371 5999 NTL Incorporated, London Media Relations: Alison Kirkwood 011 44 1256 752 662/07788 186154 Malcolm Padley 011 44 1256 753408/07788 978199 Buchanan Communications Richard Oldworth/Mark Edwards/Jeremy Garcia 011 44 20 7466 5000 Investor Relations: Virginia McMullan 011 44 207 909 2144 E-mail:

NTL Incorporated and Moody's Investors Service

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