Conversions of Series A Preferred Shares Reduce Principal under Junior Secured Notes SHANGHAI, Nov. 12 /PRNewswire-FirstCall/ -- China Cablecom Holdings, Ltd. ("China Cablecom" or the "Company") (NASDAQ:CABL) (NASDAQ:CABLW) (NASDAQ: CABLU), a joint-venture provider of cable television services in the People's Republic of China (PRC), is pleased to announce that certain holders of the Company's Junior Secured Notes due 2016 have converted approximately 1.59 million of the Company's Series A Preferred Shares into Ordinary Shares, resulting in the automatic cancellation of approximately $566,500 in principal amount of the converting stockholders' Junior Secured Notes. On October 8, 2009, the Company completed a debt restructuring of certain of its long-term obligations in exchange for new Junior Secured Notes and newly issued Series A Preferred Shares, each share of which is convertible at the option of the holder into one Ordinary Share. The terms of the Junior Secured Notes provide that during the 14 months following the closing of the restructuring, the principal amount of a Junior Secured Note is automatically reduced upon its holder's conversion of any Series A Preferred Shares issued to that noteholder in the restructuring. The principal amount that is cancelled is in proportion to the number Series A Preferred Shares issued to that noteholder in the restructuring which that noteholder converts to Ordinary Shares. As a result of these conversions, the Company's total outstanding Ordinary Shares is 12,013,434. About China Cablecom China Cablecom is a joint-venture provider of cable television services in the People's Republic of China, operating in partnership with a local state-owned enterprise ("SOE") authorized by the PRC government to control the distribution of cable TV services through the deployment of analog and digital cable services. China Cablecom has consummated the acquisition of a 55 percent economic interest in a cable network in Hubei province with paying subscribers exceeding 1,100,000. The Company originally acquired operating rights of the Binzhou Broadcasting network in Binzhou, Shandong Province in September 2007 by entering into a series of asset purchase and services agreements with a company organized by SOEs, owned directly or indirectly by local branches of State Administration of Radio, Film and Television in five different municipalities to serve as a holding company of the relevant businesses. China Cablecom now operates 28 cable networks with over 1.67 million paying subscribers. China Cablecom's strategy is to replicate the acquisitions by operating partnership models in other municipalities and provinces in the PRC and then introducing operating efficiencies and increasing service offerings in the networks in which it operates. Safe Harbor Statement The matters discussed in this press release contain "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this presentation and in the Company's other written and oral reports are based on current Company expectations and are subject to numerous risks, uncertainties and assumptions, Any forward-looking statements are not guarantees of future performance and actual results of operations, financial condition and liquidity.. The forward-looking statements herein speak only as of the date stated herein and might not occur or the actual results may differ materially in light of these risks, uncertainties, and assumptions. The Company undertakes no obligation and disclaims any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. You should carefully consider these factors, as well as the additional risk factors outlined in the filings that the Company makes with the U.S. Securities and Exchange Commission, including the Annual Report on Form 20-F filed on July 15, 2009. CONTACT: China Cablecom Holdings, Ltd. Debra Chen Phone: 917.499.8129 Email: DATASOURCE: China Cablecom Holdings, Ltd. CONTACT: Debra Chen of China Cablecom Holdings, Ltd., +1-917-499-8129, Web Site: http://www.chinacablecom.net/

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