Holdings is owned by the Morgan Stanley Entities, Time Warner and the
Management Investors. Renaissance Louisiana, Renaissance Tennessee and
Renaissance Capital are wholly owned subsidiaries of the Guarantor.
Renaissance Louisiana and Renaissance Tennessee own all the equity interests
in Renaissance Media. The Guarantor and Renaissance Capital have no assets and
do not, and will not, conduct any operations.
The following chart sets forth the ownership structure of the Company:
[Chart sets forth in graphic form the following: Time Warner, the Morgan Stanley
Entities and the Management Investors own 8.8%, 87.6% & 3.6% of Holdings
respectively. Holdings owns 100% of the Guarantor, which in turn owns 100% of
Renaissance Louisiana, Renaissance Capital and Renaissance Tennessee.
Renaissance Louisiana and Renaissance Tennessee own 75.77% and 24.23%,
respectively, of Renaissance Media. Renaissance Media holds the Louisiana
Systems and the Tennessee System.]
(1) Excludes certain carried interests of the Management Investors in
affiliates of Time Warner and the Morgan Stanley Entities which hold the
respective equity interests in Holdings. These carried interests
represent the right to participate in additional distributions of such