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S-4/A
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form S-4/A on 05/12/1999
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                    UNAUDITED PRO FORMA FINANCIAL STATEMENTS
 
   
     The following Unaudited Pro Forma Financial Statements are based on the
financial statements of Charter Communications Holdings, LLC ("Charter
Holdings"), CCA Group (consisting of CCA Holdings, LLC, CCT Holdings, LLC and
Charter Communications Long Beach, LLC ("CCA Group")), and CharterComm Holdings,
LLC ("CharterComm Holdings") as adjusted to illustrate the estimated effects of
the following transactions (the "Transactions") as if they had occurred on
January 1, 1998 for the Statement of Operations and Other Financial Data and on
December 31, 1998 for the Balance Sheet Data and Operating Data: (i) our
acquisition, effective December 23, 1998 by Paul G. Allen (the "Charter
Acquisition"); (ii) the acquisition of Sonic Communications, Inc. by us on May
20, 1998 (the "Sonic Acquisition"); (iii) the acquisition of Marcus Cable
Company, L.L.C. ("Marcus") on April 22, 1998 by Paul G. Allen; (iv) the
acquisitions and dispositions by Marcus during 1998; (v) the merger of Marcus
Holdings with and into Charter Holdings, (the "Marcus Combination"); (vi) our
recent acquisitions and pending acquisitions; and (vii) the refinancing of all
the debt of the subsidiaries of Charter Holdings (the "Charter Companies") and
the subsidiaries of Marcus (the "Marcus Companies") through the issuance of the
original notes and funding under our credit facilities. The Unaudited Pro Forma
Financial Statements reflect the application of the principles of purchase
accounting to the transactions listed in items (i) through (iv) and (vi) of the
preceding sentence. The allocation of purchase price is based, in part, on
preliminary information which is subject to adjustment upon obtaining complete
valuation information with respect to each acquisition and the net assets
acquired.
    
 
   
     The unaudited pro forma adjustments are based upon available information
and certain assumptions that we believe are reasonable. The Unaudited Pro Forma
Financial Statements and accompanying notes should be read in conjunction with
the historical financial statements and other financial information appearing
elsewhere in this prospectus, including "Capitalization" and "Management's
Discussion and Analysis of Financial Condition and Results of Operations."
    
 
   
     The Unaudited Pro Forma Financial Statements do not purport to be
indicative of what our financial position or results of operations would
actually have been had the Transactions been completed on the dates indicated or
to project our results of operations for any future date.
    
 
   

<TABLE>
<CAPTION>
                                                         UNAUDITED PRO FORMA STATEMENT OF OPERATIONS
                                                                 YEAR ENDED DECEMBER 31, 1998
                                      ----------------------------------------------------------------------------------
                                                                                RECENT AND
                                                                                 PENDING        REFINANCING
                                       CHARTER       MARCUS                    ACQUISITIONS     ADJUSTMENTS
                                       (NOTE A)     (NOTE B)     SUBTOTAL        (NOTE C)        (NOTE D)       TOTAL
                                      ----------   ----------   ----------   ----------------   -----------   ----------
                                                         (DOLLARS IN THOUSANDS, EXCEPT CUSTOMER DATA)
<S>                                   <C>          <C>          <C>          <C>                <C>           <C>
Revenues............................  $  611,690   $  448,192   $1,059,882      $  597,441      $       --    $1,657,323
                                      ----------   ----------   ----------      ----------      ----------    ----------
Operating expenses:
  Operating, general and
    administrative..................     310,100      231,050      541,150         306,209              --       847,359
  Corporate expense charges
    (Note E)........................      16,493       17,042       33,535           6,759              --        40,294
  Depreciation and amortization.....     375,899      252,855      628,754         327,731              --       956,485
  Management fees...................          --           --           --          14,672              --        14,672
                                      ----------   ----------   ----------      ----------      ----------    ----------
    Total operating expenses........     702,492      500,947    1,203,439         655,371              --     1,858,810
                                      ----------   ----------   ----------      ----------      ----------    ----------
Loss from operations................     (90,802)     (52,755)    (143,557)        (57,930)             --      (201,487)
Interest expense....................    (207,468)    (137,953)    (345,421)       (203,500)          4,200      (544,721)
Other income (expense)..............         518           --          518          (5,862)             --        (5,344)
                                      ----------   ----------   ----------      ----------      ----------    ----------
Net income (loss)...................  $ (297,752)  $ (190,708)  $ (488,460)     $ (267,292)     $    4,200    $ (751,552)
                                      ==========   ==========   ==========      ==========      ==========    ==========
</TABLE>

    
 
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