Neighborhood Cable Ltd 15th June 2004 Media Release Neighborhood Cable leads the way Neighborhood Cable Ltd (NCA) today announced No Risk Broadband, a new high-speed internet product featuring a huge 12GB monthly download, no excess usage charges, free in home installation and no long-term contract. No Risk Broadband is available to new Neighborhood Cable customers in Geelong, Ballarat, and Mildura and is designed to take make it simple for customers making the move to broadband. Neighborhood Cable CEO, Fred Grossman, said No Risk Broadband again demonstrated the company’s commitment to bringing regional Australians innovative and competitively priced internet products over its telecommunications networks. “No Risk Broadband offers our regional customers a better deal than comparable products offered in metropolitan areas. The price is mind blowing at $39.95 per month and we offer free in-home installation. We offer new customers the chance to try this amazing offer on a three-month contract; the same customers on most of our competitors’ packages are asked to sign up for 12 months,” Mr Grossman said. The new No Risk Broadband service offers high speed internet (256/64 kbps) with: • Three month contract with free installation • 12 GB download with no excess usage charges • Priced at a mind blowing $39.95 per month • Low set up fee of $120 Neighborhood Cable continues to deliver great broadband telecommunications value to customers on its networks, again leaving these regional Australians way ahead of their major metro counterparts in terms of access to great value broadband. Neighborhood Cable led the way in 2002 with its revolutionary $34.95 Broadband package, which at the time was priced well below any product available in the market. Only in recent months have the major telecommunications players delivered these sorts of prices to their customers. “We are now delivering the “triple play” of voice, data and Cable TV to our regional customers - cutting edge telecommunications at affordable prices. With the launch of this latest product, No Risk Broadband, customers can have it all; high speed, peace of mind with no excess charges, free installation and no early termination charges.” Said Mr Grossman. In late 2003 in Ballarat, and early 2004 in Geelong and Mildura, Neighborhood Cable launched its telephone service, Chatphone, which offers customers un-timed fixed price calls to Melbourne, Sydney and Brisbane. For these residents one hundred years of the tyranny of distance collapsed with the introduction of this service. Customers are continuing to respond strongly to Neighborhood Cable’s service offerings, with subscriptions to its voice service Chatphone growing strongly as the residents of Ballarat, Geelong and Mildura enjoy the freedom of choice following Telstra’s recent phone line rental increases. About Neighborhood Cable Neighborhood Cable is regional Australia's leading cable broadband infrastructure and services provider, with operational networks in Geelong, Mildura and Ballarat passing more than 250,000 residents. The Company offers residential and business customers access to one of the best value cable broadband Internet services available in Australia today, leading edge voice services using VOIP technology, more than 30 channels of Pay-TV and competitive dial-up Internet access. The Company also offers advanced network-based services and applications to businesses, government and schools in its markets. . Neighborhood Cable is listed on the Australian Stock Exchange ("ASX") under the ticker "NCA". For more information, please see www.neighborhoodcable.com.au. Contact: Fred Grossman, Chief Executive Officer - 03 5339 0505
