Time Warner Cable Inc. Prices a $1.25 Billion Debt Offering

Time Warner Cable Inc. (NYSE:TWC) today announced that it has priced an underwritten public offering of $1.25 billion aggregate principal amount of 4.5% debentures due 2042. The net proceeds from the issuance of the debentures are expected to be used for general corporate purposes, which may include the repayment of debt. The issuance and sale of the debentures is expected to close on August 10, 2012.

The debentures will be issued by Time Warner Cable Inc. and guaranteed by its subsidiaries TW NY Cable Holding Inc. and Time Warner Entertainment Company, L.P. BNP Paribas Securities Corp., Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC are the active joint book-running managers.

Time Warner Cable Inc. has filed a registration statement on Form S-3 (including a prospectus) with the Securities and Exchange Commission (“SEC”) for this offering. Interested parties should read the prospectus in that registration statement, the preliminary prospectus supplement for this offering and the other documents that Time Warner Cable Inc. has filed with the SEC that are incorporated by reference into the preliminary prospectus supplement for more complete information about Time Warner Cable Inc. and this offering. These documents are available at no charge by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, copies of the prospectus and preliminary prospectus supplement relating to the offering will be made available by any underwriter or dealer participating in the offering to interested parties who make a request by contacting BNP Paribas Securities Corp., 787 Seventh Avenue, New York, NY 10019, (800) 854-5674; Citigroup Global Markets Inc., Attention: Prospectus Department, Brooklyn Army Terminal, 140 58^th Street, 8^th Floor, Brooklyn, NY 11220, (877) 858-5407 and Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2^nd Floor, New York, New York 10014, (866) 718-1649.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these debentures in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Caution Concerning Forward-Looking Statements

This document includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and beliefs, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological, strategic and/or regulatory factors and other factors affecting the operations of Time Warner Cable Inc. More detailed information about these factors may be found in filings by Time Warner Cable Inc. with the SEC, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Time Warner Cable Inc. is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.