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`ARRIS - Press Release
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`PRESS RELEASE
`ARRJS Acquires Motorolil Home: Create11 Prenier V"lllleo Delvery and Broadband Technology COqJany
`Powerful COnmmat:ion Transforms Industry, Accelerates Innovation
`SUWANEE, Ga., April 17, 2013/PRNP:Nswire/ -- ARRJS Q-aup, Inc. {NASD!\Q: ARRS) Ieday announced that it completed its acquisition of the Motcrola Home business from a
`subsidiary of Google Inc. This combination will enable ARRlS tc transform how service and content providers deli~~er entertainment and communications. ARRlS paid Gxlgle
`approximately $2.2 billion in cash and issued Google 10.6 million shares of its common s!DCk in connection with the transaction.
`
`The cash portion of the consideration was funded through syndicated debt fine~ncing e~nd the SCIIe by ARRlS of 10.6 million ARRlS she~ res to COmcast COrpore~tion. As a result of
`these sea.~rities transactions, Google and COmcast each hold approximately 7.7% of ARRlS' turrently outslilnding shares.
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`"This acquisition creates a global player in video deli~~ery and broadband technology. We are combining the industry's top experts and technologies to create a powerful solution
`for the entire muttiscreen delillery chain - from network infrastructure, to tre~nsport,. to user experience/' SCiid Bob Stanzione, Chairman and CEO of ARRlS. 'The new ARRlS
`has the expertise to transform the industry."
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`The company will be led by a management team d top executi~~es with unrivaled experience from both companies. These leaders halle a pra~~en trad<: record for pioneering
`many of the industry's most significant transformations to date, and bring with them deep customer relationships and industry expertise.
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`As previously announced, ARRlS will release first quarter 2013 finandal results after the market close on Wednesday, April 24, 2013. ARRlS management will also conduct a
`conference call at 5:00 p.m. EIJT on the same day to discuss these results. More information about this conference call can be found on ARRlS Investcr Relations website:
`http:{jir.arrisi.com/phoenix.zhlrnl?c=87823&p=irol-newsArticle&ID=1804842&.highlight=
`
`AboutARRJS
`ARRlS is a premier video and broadband technology company that transforms how service providers worldwide deli~~er entertainment and communications without boundaries.
`ns powerful end-to-end platforms enable service and content providers to impra~~e the way people connect- with each other and with their favorite content. The Company's
`vision and expertise continue to dri~~e the industry's innovations, as they ha~~e for more than 60 years. Headquartered north of Atlanta, in Suwanee, Georgia, ARRlS has R&D,
`sales and support centers throughout the world. For more Information: www.arrlsl.com
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`Forwan!-L.oolcjll! Statennts
`This press release and related public disdosures contain forward looking statements. These statements include, among others, statements concerning future performance of
`ARRlS following the completion of the acquisition of the Motorola Home ll.lslness and ARRIS' ability to achle~~e the expected strategic benefits and synergies. Statements
`regarding future e~~ents are based on the parties' current expectations. Actual results may differ materially from those suggested by any forward-looking statement. Forward(cid:173)
`looking statements are necesSCirily subject to associated risks related tc, among other things, the retention of employees of Motcrola Home lllsiness and the ability of ARRlS to
`successfully integre~te MotcroiCI Home's opportunities, technology, personnel and operations. Other factcrs that could cause results to differ from Cllrrent expectations indude:
`the uncertain current economic dimate and finandal markets, and their impact on our custcmers' plans and access to capital: the impact of rapidly changing technologies; the
`impact of competition on product dellelopment and pricing; the ability of ARRlS to react to changes in general industry and market conditions; rights to intellectual property and
`the current trend toward increasing patent litigation, market trends and the adoption of industry standards; possible acquisitions and dispositions; and consolidations within the
`telecommunications Industry of both the custcmer and supplier base. These factors are not Intended to be an all-encompassing list of risks and uncertainties that may affect
`the Company's business. Additional information regarding these and other factors can be found in ARRlS' reports filed with the Securities and Exchange Commission, induding
`its Form lQ-K for the year ended December 31, 2012. In providing forward-looking statements, the Company expressly disclaims any obligation to update publidy or otherwise
`these statements, whether as a result of new information, future e~~ents or otherwise.
`
`SOURCE ARRlS Group, Inc.
`
`Bob Puccini, ARRlS Investor Relations, 720-895-7787, 720-480-2388 (mobile), bob.pucclnl@arrlsl.com, Alex Swan, ARRIS Media Relations, 678-473-8327, 40+307-.5'185
`{mobile), alex.swan@arrlsl.com
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