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S-4
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form S-4 on 01/25/2000
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to income from operations or to cash flows from operating, investing or
financing activities, as determined in accordance with generally accepted
accounting principles. EBITDA should also not be construed as an indication of a
company's operating performance or as a measure of liquidity. In addition,
because EBITDA is not calculated identically by all companies, the presentation
here may not be comparable to other similarly titled measures of other
companies. Management's discretionary use of funds depicted by EBITDA may be
limited by working capital, debt service and capital expenditure requirements
and by restrictions related to legal requirements, commitments and
uncertainties.
 
     NOTE G:  EBITDA margin represents EBITDA as a percentage of revenues.
 
     NOTE H:  Adjusted EBITDA means EBITDA before stock option compensation
expense, corporate expense charges, management fees and other income (expense).
Adjusted EBITDA is presented because it is a widely accepted financial indicator
of a cable company's ability to service indebtedness. However, adjusted EBITDA
should not be considered as an alternative to income from operations or to cash
flows from operating, investing or financing activities, as determined in
accordance with generally accepted accounting principles. Adjusted EBITDA should
also not be construed as an indication of a company's operating performance or
as a measure of liquidity. In addition, because adjusted EBITDA is not
calculated identically by all companies, the presentation here may not be
comparable to other similarly titled measures of other companies. Management's
discretionary use of funds depicted by adjusted EBITDA may be limited by working
capital, debt service and capital expenditure requirements and by restrictions
related to legal requirements, commitments and uncertainties.
 
     NOTE I:  Earnings include net income (loss) plus fixed charges. Fixed
charges consist of interest expense and an estimated component of rent expense.
 
     NOTE J:  Homes passed are the number of living units, such as single
residence homes, apartments and condominium units, passed by the cable
television distribution network in a given cable system service area.
 
     NOTE K:  Basic customers are customers who receive basic cable service.
 
     NOTE L:  Basic penetration represents basic customers as a percentage of
homes passed.
 
     NOTE M: Premium units represent the total number of subscriptions to
premium channels.
 
     NOTE N:  Premium penetration represents premium units as a percentage of
basic customers.
 
     NOTE O:  Average monthly revenue per basic customer represents revenues
divided by the number of months in the period divided by the number of basic
customers at December 31, 1998.
 
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