JULY 28, 1999, ST. LOUIS, MO -- Charter Communications, Inc. today announced that is has filed a registration statement with the Securities and Exchange Commission for an initial public offering of shares of Class A common stock. All of the shares are being offered by Charter. The registration statement relates to a total of $3.45 billion of Class A common stock. The number of shares to be offered has not yet been determined.

Charter anticipates offering these shares late in the third quarter of 1999. Goldman, Sachs & Co. is Global Coordinator and sole Book Running Manager, with Bear, Stearns & Co. and Morgan Stanley Dean Witter & Co. as Joint Lead Managers. The Co-Managers for the offering are Donaldson, Lufkin & Jenrette, Merrill Lynch & Co., Salomon Smith Barney, A.G. Edwards & Sons, Inc. and M.R. Beal & Co.

The registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

Charter is the fourth largest cable television system operator in the United States based on customers served, with approximately 6.2 million customers, after giving pro forma effect to Charter's pending acquisitions.

The proceeds will be used to finance in part Charter's currently proposed acquisitions and to repay debt.

When available, a written prospectus relating to the offering may be obtained from Goldman, Sachs & Co., 85 Broad Street, New York, NY 10004, Attn. Prospectus Department.