Charter 2003 Annual Report Download - page 14

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(1) Charter acts as the sole manager of Charter Holdco and most of its limited liability company subsidiaries.
(2) These membership units are held by Charter Investment, Inc. and Vulcan Cable III, Inc., each of which
is 100% owned by Mr. Allen. They are exchangeable at any time on a one-for-one basis for shares of
Charter common stock.
(3) Represents 100% of the preferred membership interests in CC VIII, LLC, a subsidiary of CC V
Holdings. An issue has arisen regarding the ultimate ownership of such CC VIII, LLC membership
interests following Mr. Allen's acquisition of those interests on June 6, 2003. See ""Certain Relationships
and Related Transactions Ì Transactions Arising Out of Our Organizational Structure and Mr. Allen's
Investment in Charter and Its Subsidiaries Ì Equity Put Rights Ì CC VIII'' in Charter Communica-
tions, Inc. 2004 Proxy Statement available at www.sec.gov, for additional information.
(4) CC V Holdings, LLC, the issuer of $113 million accreted value of senior discount notes, is a direct wholly
owned subsidiary of CCO NR Holdings, LLC, and holds 100% of the common membership units of
CC VIII, LLC. Mr. Allen, through Charter Investment, Inc., holds 100% of the preferred membership
units in CC VIII, LLC. CC VIII, LLC holds 100% of the equity of CC VIII Operating, LLC, which in
turn holds 100% of the equity of a number of operating subsidiaries. One such operating subsidiary (CC
Michigan, LLC) is a guarantor of the CC V Holdings senior discount notes.
Charter Communications, Inc. Charter's principal assets are an approximate 46% common equity
interest and a 100% voting interest in Charter Holdco and ""mirror'' notes that are payable by Charter Holdco
to Charter which have the same principal amount and terms as Charter's convertible senior notes. Charter
Holdco, through its subsidiaries, owns cable systems and certain strategic investments. As sole manager under
the applicable operating agreements, Charter controls the aÅairs of Charter Holdco and most of its
subsidiaries. In addition, Charter also provides management services to Charter Holdco and its subsidiaries
under a management services agreement.
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