On December 16, 2020, Lucerne Capital Management issued the following statement regarding the revised all-cash offer of EUR 5.35 per share for all common shares A and common shares B of Altice Europe by Next Private B.V. (the ‘Revised Offer’): this Revised Offer represents a significant increase in price, demonstrating that the Company and its independent directors recognize the inherent value of Altice Europe stock. Lucerne Capital stated that it appreciates the support it has received from other Altice Europe shareholders and are pleased to reach this outcome, which it believes provides fair value to minority shareholders and represents a positive outcome for all stakeholders in the Company.