Filed  pursuant to Rule 425 of the  Securities Act of 1933 and
                           deemed filed pursuant to Rule 14d-9 of the Securities
                                                            Exchange Act of 1934

                                                         Filer: UGC Europe, Inc.
                                               Subject Company: UGC Europe, Inc.
                                  Registration Statement File Number: 333-109496


       UGC EUROPE SPECIAL COMMITTEE SUPPORTS REVISIONS TO UNITEDGLOBALCOM
      EXCHANGE OFFER BUT URGES STOCKHOLDERS TO TAKE NO ACTION AT THIS TIME

Denver, Colorado, November 12, 2003 - The Special Committee of the Board of
Directors of UGC Europe, Inc. (NASDAQ: UGCE) announced today that it is
supportive of the revisions to the terms of the exchange offer announced today
by UnitedGlobalCom, Inc. (NASDAQ: UCOMA), the company's majority stockholder.
The revisions, which are the product of extensive discussions between the
Special Committee and UnitedGlobalCom, include an increase of the exchange ratio
to 10.3, an unwaivable 90% minimum tender condition, confirmation of
UnitedGlobalCom's commitment to consummate a back-end short-form merger
following the completion of the exchange offer and the imposition of a
limitation on the exercise of preemptive rights by Liberty that has the effect
of capping Liberty's ability to exercise preemptive rights to increase its
ownership percentage of UnitedGlobalCom capital stock beyond the lower of 55%
(or in limited circumstances, 60%) and its then-current ownership percentage.
The Special Committee notes that in the coming days UnitedGlobalCom is expected
to disseminate an amended tender offer statement on Schedule TO, its report on
Form 10-Q for the quarter ending September 30, 2003, an amended prospectus
covering the exchange offer and a definitive proxy statement for the special
meeting relating to the issuance of stock in the exchange offer and the merger.
Thereafter, the Special Committee expects that it will announce a definitive
position on the revised exchange offer and, until such time, urges UGC Europe
stockholders to refrain from tendering their shares. At this time, the
unwaivable conditions to the exchange offer relating to the effectiveness of the
registration statement covering the exchange offer and the stockholder approval
at UnitedGlobalCom's special meeting have not been satisfied.

This press release relates to UnitedGlobalCom's exchange offer commenced on
October 6, 2003. In connection with the Offer, UGC Europe has filed certain
materials with the SEC, including a Solicitation/ Recommendation Statement on
Schedule 14D-9. STOCKHOLDERS ARE URGED TO READ THE SOLICITATION/RECOMMENDATION
STATEMENT ON SCHEDULE 14D-9 AND ANY AMENDMENTS THERETO WHEN THEY BECOME
AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors can obtain
a free copy of the Solicitation/Recommendation Statement on Schedule 14D-9 and
any amendments thereto when they become available and all other filings by UGC
Europe with the SEC at the SEC's website at www.sec.gov. In addition, these
materials may be obtained free from UGC Europe by directing a request to UGC
Europe, Inc., 4643 South Ulster Street, Suite 1300, Denver, Colorado 80237,
303-220-4204, Attention: Investor Relations.