(Source: Business Wire)

DIRECTV Holdings LLC (the "Company"), a wholly owned subsidiary of The
DIRECTV Group, Inc. (NASDAQ: DTV), announced today that it has commenced
a fixed price cash tender offer for any and all of its outstanding $910
million in aggregate principal amount of its 8 3/8% Senior Notes due
2013 (CUSIP No. 25459HAB1) (the "Notes").
The consideration for the Notes tendered and accepted for payment
pursuant to the offer is $1,031.25 per $1,000 principal amount of the
Notes (the "Notes Consideration"). In addition, the Company will pay all
accrued and unpaid interest on the Notes purchased pursuant to the offer
up to, but not including, the Settlement Date (as defined below). The
offer will expire at 11:59 P.M., New York City time, on Monday,
September 21, 2009, unless extended or earlier terminated (the
"Expiration Time"). Tenders of the Notes may be withdrawn prior to the
Expiration Time. To receive the Notes Consideration, holders of Notes
must validly tender their Notes prior to the Expiration Time. The
Company will pay the Notes Consideration plus all accrued and unpaid
interest on the Notes purchased pursuant to the offer in same-day funds
promptly after the Expiration Time (the "Settlement Date"), which is
expected to be on Tuesday, September 22, 2009. The Company expects to
use available cash and cash from a private placement of debt securities
to pay for the Notes.
The tender offer is conditioned upon, among other things, consummation
of a private placement of debt securities. Additional terms and
conditions of the tender offer are set forth in the Offer to Purchase
and the related Letters of Transmittal dated September 14, 2009. This
press release is neither an offer to purchase nor a solicitation to buy
any of these Notes, nor is it a solicitation for acceptance of the
tender offer. The Company is making the tender offer only by, and
pursuant to the terms of, the Offer to Purchase and the related Letters
of Transmittal. The tender offer is not being made in any jurisdiction
in which the making or acceptance thereof would not be in compliance
with the securities, blue sky or other laws of such jurisdiction.
None of the Company or its affiliates, the Dealer Managers, the
Depositary or the Information Agent is making any recommendation as to
whether or not holders should tender their Notes in connection with the
tender offer.
The complete terms and conditions of the tender offer are set forth in
the Offer to Purchase and Letters of Transmittal that are being sent to
holders of the Notes. Holders are urged to read the tender offer
documents carefully when they become available.