(Source: Business Wire)

DIRECTV Holdings LLC (the "Company"), a wholly-owned subsidiary of The
DIRECTV Group, Inc. (NASDAQ:DTV), announced today the expiration and
final results of the previously announced fixed price cash tender offer
(the "Tender Offer") to purchase any and all of its 8-3/8% Senior Notes
due 2013 (CUSIP No. 25459HAB1) (the "Senior Notes").
The Tender Offer expired at 11:59 P.M, New York City time, on September
21, 2009.
The Company has accepted for purchase all of the Senior Notes validly
tendered (and not validly withdrawn) in the Tender Offer. The aggregate
principal amount of the Senior Notes validly tendered (and not validly
withdrawn) pursuant to the Tender Offer was $583,112,000, representing
approximately 64.08 % of outstanding Senior Notes. The total
consideration payable per $1,000 principal amount of the Senior Notes is
$1,031.25 (plus accrued and unpaid interest as described in the
Company's Offer to Purchase, dated September 14, 2009 (the "Offer to
Purchase")).
The Company funded payment of all Senior Notes purchased pursuant to the
Tender Offer from available cash and cash from a private placement of
debt securities that closed on September 22, 2009.
The Company announced that it gave Notice of Optional Redemption today
for the remaining $326,888,000 aggregate principal amount outstanding of
Senior Notes at a price of 102.792% of the principal amount together
with accrued interest to October 23, 2009 in accordance with the terms
of the Senior Notes and the Indenture dated February 28, 2003 for the
Senior Notes.
This press release is neither an offer to purchase nor a solicitation to
buy any Senior Notes. The Tender Offer was made solely pursuant to the
Offer to Purchase and related documents. Additional terms and conditions
of the optional redemption are set forth in the Notice of Optional
Redemption dated September 23, 2009. The Company is making the
redemption only by, and pursuant to the terms of the Notice of Optional
Redemption, dated September 23, 2009. The complete terms and conditions
of the optional redemption are set forth in the Notice of Optional
Redemption that is being sent to the holders of the outstanding Senior
Notes.