EXHIBIT 99.4 FOR IMMEDIATE RELEASE PRESS RELEASE NTL INCORPORATED ANNOUNCES CLOSING OF SALE OF 11-1/2% SENIOR NOTES New York, New York; (November 2, 1998) - NTL Incorporated (Nasdaq: NTLI; Easdaq: NTLI.ED) announced that it has closed its sale of $625 million of 11-1/2% Senior Notes due 2008 (the "Senior Notes"). The Senior Notes carry a cash-pay current coupon. The net proceeds of the offering will be used for refinancing existing indebtedness. The Notes have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws, and unless so registered, may not be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Accordingly, the Notes have been offered and sold within the United States under rule 144A only to "qualified institutional buyers" and outside the United States in accordance with Regulation S under the Securities Act. **** For Information Contact: John F. Gregg, Managing Director - Corporate Finance & Development; Michael Peterson, Director - Corporate Development; Bret Richter, Director - Corporate Development or Richard J. Lubasch, Senior Vice President - General Counsel, at (212) 906-8440; in UK: Alison Smith at 01252-402662; or via e-mail at investor_relations@ntli.com.