<PAGE>
                                                                      Exhibit 11

                                NTL INCORPORATED

                        CALCULATION OF NET LOSS PER SHARE

<TABLE>
<CAPTION>
                                                     Weighted Average Number of Shares
                                         --------------------------------------------------------------------
  Date                                      Total           Year Ended          Year Ended         Year Ended
 Issued         Description of Issuance  Outstanding         31-Dec-01          31-Dec-00           31-Dec-99
-------------------------------------------------------------------------------------------------------------
<S>             <C>                      <C>               <C>                  <C>               <C>
12/31/95        Common Stock              47,189,173        47,189,173           47,189,173        47,189,173
02/13/96        Common Stock                   3,473             3,473                3,473             3,473
02/22/96        Common Stock                     833               833                  833               833
02/28/96        Common Stock                   7,686             7,686                7,686             7,686
03/06/96        Common Stock                   1,770             1,770                1,770             1,770
03/12/96        Common Stock                   9,258             9,258                9,258             9,258
03/20/96        Common Stock                   5,391             5,391                5,391             5,391
03/25/96        Common Stock                 117,188           117,188              117,188           117,188
04/11/96        Common Stock                  16,280            16,280               16,280            16,280
04/26/96        Common Stock                  39,063            39,063               39,063            39,063
05/30/96        Common Stock                   2,083             2,083                2,083             2,083
06/13/96        Common Stock                 201,239           201,239              201,239           201,239
06/14/96        Common Stock                 206,250           206,250              206,250           206,250
08/29/96        Common Stock               2,210,938         2,210,938            2,210,938         2,210,938
11/06/96        Common Stock                      69                69                   69                69
11/25/96        Common Stock                   1,738             1,738                1,738             1,738
12/26/96        Common Stock                   8,594             8,594                8,594             8,594
12/27/96        Common Stock                   3,125             3,125                3,125             3,125
12/31/96        Common Stock                  79,167            79,167               79,167            79,167
01/14/97        Common Stock                   1,563             1,563                1,563             1,563
01/17/97        Common Stock                   7,014             7,014                7,014             7,014
01/21/97        Common Stock                  36,456            36,456               36,456            36,456
02/06/97        Common Stock                     348               348                  348               348
03/26/97        Common Stock                   2,344             2,344                2,344             2,344
05/30/97        Common Stock                   1,406             1,406                1,406             1,406
06/20/97        Common Stock                   1,564             1,564                1,564             1,564
06/25/97        Common Stock                   8,334             8,334                8,334             8,334
07/10/97        Common Stock                  28,073            28,073               28,073            28,073
09/16/97        Common Stock                   5,520             5,520                5,520             5,520
09/26/97        Common Stock                  44,791            44,791               44,791            44,791
10/03/97        Common Stock                     313               313                  313               313
10/15/97        Common Stock                  12,873            12,873               12,873            12,873
10/16/97        Common Stock                   3,516             3,516                3,516             3,516
12/10/97        Common Stock                     869               869                  869               869
12/18/97        Common Stock                   1,123             1,123                1,123             1,123
12/22/97        Common Stock                   3,125             3,125                3,125             3,125
12/26/97        Common Stock                   3,125             3,125                3,125             3,125
01/08/98        Common Stock                  62,714            62,714               62,714            62,714
01/12/98        Common Stock                   8,438             8,438                8,438             8,438
01/16/98        Common Stock                   5,222             5,222                5,222             5,222
01/26/98        Common Stock                   2,344             2,344                2,344             2,344
01/28/98        Common Stock                  30,208            30,208               30,208            30,208
01/29/98        Common Stock                     469               469                  469               469
02/03/98        Common Stock                  12,500            12,500               12,500            12,500
02/06/98        Common Stock                   1,563             1,563                1,563             1,563
02/09/98        Common Stock                  11,458            11,458               11,458            11,458
02/10/98        Common Stock                   1,875             1,875                1,875             1,875
02/11/98        Common Stock                   5,088             5,088                5,088             5,088
02/17/98        Common Stock                  12,813            12,813               12,813            12,813
02/25/98        Common Stock                   4,375             4,375                4,375             4,375
03/04/98        Common Stock                     313               313                  313               313
03/06/98        Common Stock                   5,938             5,938                5,938             5,938
03/11/98        Common Stock                  14,531            14,531               14,531            14,531
03/12/98        Common Stock                   2,188             2,188                2,188             2,188
03/13/98        Common Stock                   4,063             4,063                4,063             4,063
03/23/98        Common Stock                  11,042            11,042               11,042            11,042
04/02/98        Common Stock                   4,688             4,688                4,688             4,688
04/06/98        Common Stock                   5,938             5,938                5,938             5,938
04/07/98        Common Stock                  10,417            10,417               10,417            10,417
04/13/98        Common Stock                   2,656             2,656                2,656             2,656
04/20/98        Common Stock                   5,781             5,781                5,781             5,781
04/24/98        Common Stock              10,871,123        10,871,123           10,871,123        10,871,123
04/27/98        Common Stock                   1,563             1,563                1,563             1,563
05/07/98        Common Stock               3,048,438         3,048,438            3,048,438         3,048,438
</TABLE>


<PAGE>


                                NTL INCORPORATED

                        CALCULATION OF NET LOSS PER SHARE

<TABLE>
<CAPTION>
                                                     Weighted Average Number of Shares
                                         --------------------------------------------------------------------
  Date                                      Total           Year Ended          Year Ended         Year Ended
 Issued         Description of Issuance  Outstanding         31-Dec-01          31-Dec-00           31-Dec-99
-------------------------------------------------------------------------------------------------------------
<S>             <C>                      <C>               <C>                  <C>               <C>
05/12/98        Common Stock                   1,250             1,250                1,250             1,250
05/18/98        Common Stock                   3,125             3,125                3,125             3,125
05/19/98        Common Stock                   6,875             6,875                6,875             6,875
05/21/98        Common Stock                   4,219             4,219                4,219             4,219
05/26/98        Common Stock                  37,761            37,761               37,761            37,761
05/27/98        Common Stock                   5,625             5,625                5,625             5,625
06/05/98        Common Stock                   3,125             3,125                3,125             3,125
06/08/98        Common Stock                   1,523             1,523                1,523             1,523
06/10/98        Common Stock                   5,000             5,000                5,000             5,000
06/25/98        Common Stock                  15,625            15,625               15,625            15,625
06/29/98        Common Stock                     625               625                  625               625
07/02/98        Common Stock                  19,661            19,661               19,661            19,661
07/06/98        Common Stock                   2,500             2,500                2,500             2,500
07/14/98        Common Stock                   7,344             7,344                7,344             7,344
07/16/98        Common Stock                     313               313                  313               313
07/22/98        Common Stock                   1,250             1,250                1,250             1,250
07/23/98        Common Stock                   1,719             1,719                1,719             1,719
07/29/98        Common Stock                  41,875            41,875               41,875            41,875
08/03/98        Common Stock                  47,917            47,917               47,917            47,917
08/12/98        Common Stock                  10,156            10,156               10,156            10,156
08/20/98        Common Stock                   3,438             3,438                3,438             3,438
08/26/98        Common Stock                  26,667            26,667               26,667            26,667
09/17/98        Common Stock                  11,719            11,719               11,719            11,719
10/02/98        Common Stock                     625               625                  625               625
10/05/98        Common Stock                  17,353            17,353               17,353            17,353
10/07/98        Common Stock                     406               406                  406               406
10/19/98        Common Stock                   4,427             4,427                4,427             4,427
10/21/98        Common Stock                   7,019             7,019                7,019             7,019
10/27/98        Common Stock              13,522,119        13,522,119           13,522,119        13,522,119
10/30/98        Common Stock                      55                55                   55                55
11/09/98        Common Stock                     156               156                  156               156
11/16/98        Common Stock                  20,234            20,234               20,234            20,234
11/17/98        Common Stock              15,775,705        15,775,705           15,775,705        15,775,705
11/19/98        Common Stock                  19,938            19,938               19,938            19,938
11/24/98        Common Stock                   9,375             9,375                9,375             9,375
11/25/98        Common Stock                     120               120                  120               120
11/30/98        Common Stock                  21,875            21,875               21,875            21,875
12/02/98        Common Stock                     642               642                  642               642
12/07/98        Common Stock                  12,672            12,672               12,672            12,672
12/08/98        Common Stock                  18,802            18,802               18,802            18,802
12/11/98        Common Stock                   3,125             3,125                3,125             3,125
12/15/98        Common Stock                     391               391                  391               391
12/22/98        Common Stock                      58                58                   58                58
12/23/98        Common Stock                     148               148                  148               148
12/24/98        Common Stock                     125               125                  125               125
12/29/98        Common Stock                  15,625            15,625               15,625            15,625
12/30/98        Common Stock                   2,402             2,402                2,402             2,402
12/31/98        Common Stock                  13,413            13,413               13,413            13,413
01/04/99        Common Stock                   6,250             6,250                6,250             6,182
01/06/99        Common Stock                     469               469                  469               461
01/07/99        Common Stock                     156               156                  156               153
01/11/99        Common Stock                  46,044            46,044               46,044            44,655
01/12/99        Common Stock                 115,782           115,782              115,782           111,974
01/14/99        Common Stock                   2,394             2,394                2,394             2,302
01/15/99        Common Stock                   7,031             7,031                7,031             6,742
01/19/99        Common Stock                     250               250                  250               237
01/20/99        Common Stock                  28,125            28,125               28,125            26,584
01/21/99        Common Stock                   1,876             1,876                1,876             1,768
01/22/99        Common Stock                  10,574            10,574               10,574             9,937
01/25/99        Common Stock                  80,158            80,158               80,158            74,667
01/26/99        Common Stock                  14,687            14,687               14,687            13,641
01/27/99        Common Stock                     938               938                  938               868
01/28/99        Common Stock                   4,688             4,688                4,688             4,328
01/29/99        Common Stock                  18,906            18,906               18,906            17,404
</TABLE>
<PAGE>
                                NTL INCORPORATED

                        CALCULATION OF NET LOSS PER SHARE

<TABLE>
<CAPTION>
                                                     Weighted Average Number of Shares
                                         --------------------------------------------------------------------
  Date                                      Total           Year Ended          Year Ended         Year Ended
 Issued         Description of Issuance  Outstanding         31-Dec-01          31-Dec-00           31-Dec-99
-------------------------------------------------------------------------------------------------------------
<S>             <C>                      <C>               <C>                  <C>               <C>
02/01/99        Common Stock                   5,313             5,313                5,313             4,846
02/02/99        Common Stock                  13,438            13,438               13,438            12,222
02/03/99        Common Stock                     499               499                  499               452
02/05/99        Common Stock                  35,976            35,976               35,976            32,425
02/08/99        Common Stock                   4,219             4,219                4,219             3,768
02/09/99        Common Stock                   6,250             6,250                6,250             5,565
02/10/99        Common Stock                  27,083            27,083               27,083            24,041
02/12/99        Common Stock                   9,464             9,464                9,464             8,350
02/16/99        Common Stock                   5,313             5,313                5,313             4,629
02/17/99        Common Stock                  10,625            10,625               10,625             9,228
02/19/99        Common Stock                   7,813             7,813                7,813             6,742
02/22/99        Common Stock                      75                75                   75                64
02/23/99        Common Stock                   6,563             6,563                6,563             5,591
02/26/99        Common Stock                  39,844            39,844               39,844            33,622
03/01/99        Common Stock                  40,625            40,625               40,625            33,947
03/03/99        Common Stock                     274               274                  274               227
03/05/99        Common Stock                      57                57                   57                48
03/08/99        Common Stock              19,855,189        19,855,189           19,855,189        16,210,538
03/11/99        Common Stock                  20,677            20,677               20,677            16,711
03/12/99        Common Stock                  10,000            10,000               10,000             8,054
03/15/99        Common Stock                  16,615            16,615               16,615            13,245
03/16/99        Common Stock                  15,939            15,939               15,939            12,662
03/17/99        Common Stock                   5,125             5,125                5,125             4,058
03/23/99        Common Stock                   7,019             7,019                7,019             5,442
03/26/99        Common Stock                  39,068            39,068               39,068            29,970
03/30/99        Common Stock                  14,377            14,377               14,377            10,870
03/31/99        Common Stock                  70,326            70,326               70,326            52,985
04/01/99        Common Stock                  10,156            10,156               10,156             7,624
04/08/99        Common Stock                 465,893           465,893              465,893           340,804
04/09/99        Common Stock                     469               469                  469               342
04/12/99        Common Stock                      63                63                   63                45
04/13/99        Common Stock                  19,063            19,063               19,063            13,683
04/14/99        Common Stock                  19,531            19,531               19,531            13,966
04/15/99        Common Stock                  29,689            29,689               29,689            21,147
04/19/99        Common Stock                  17,368            17,368               17,368            12,180
04/20/99        Common Stock                     625               625                  625               437
04/21/99        Common Stock                      31                31                   31                22
04/23/99        Common Stock                      63                63                   63                43
04/26/99        Common Stock                  29,890            29,890               29,890            20,391
04/28/99        Common Stock                  17,031            17,031               17,031            11,526
04/29/99        Common Stock                  24,688            24,688               24,688            16,639
04/30/99        Common Stock                   7,813             7,813                7,813             5,244
05/03/99        Common Stock                  14,063            14,063               14,063             9,324
05/04/99        Common Stock                  15,625            15,625               15,625            10,317
05/05/99        Common Stock                   9,156             9,156                9,156             6,021
05/07/99        Common Stock                  20,423            20,423               20,423            13,317
05/10/99        Common Stock                  15,775            15,775               15,775            10,157
05/12/99        Common Stock                   3,438             3,438                3,438             2,194
05/14/99        Common Stock                  22,188            22,188               22,188            14,042
05/17/99        Common Stock                   1,563             1,563                1,563               976
05/18/99        Common Stock                 100,938           100,938              100,938            62,775
05/19/99        Common Stock                   2,188             2,188                2,188             1,354
05/20/99        Common Stock                  58,552            58,552               58,552            36,094
05/21/99        Common Stock                   8,396             8,396                8,396             5,152
05/24/99        Common Stock                   6,852             6,852                6,852             4,149
05/25/99        Common Stock                  11,874            11,874               11,874             7,156
05/26/99        Common Stock                  16,250            16,250               16,250             9,750
05/28/99        Common Stock                   6,563             6,563                6,563             3,902
06/02/99        Common Stock                  11,781            11,781               11,781             6,843
06/04/99        Common Stock                  31,250            31,250               31,250            17,979
06/07/99        Common Stock                     141               141                  141                80
06/08/99        Common Stock                  52,032            52,032               52,032            29,366
06/10/99        Common Stock                 542,944           542,944              542,944           303,453
06/11/99        Common Stock                   3,907             3,907                3,907             2,173
</TABLE>
<PAGE>

                                NTL INCORPORATED

                        CALCULATION OF NET LOSS PER SHARE

<TABLE>
<CAPTION>
                                                     Weighted Average Number of Shares
                                         --------------------------------------------------------------------
  Date                                      Total           Year Ended          Year Ended         Year Ended
 Issued         Description of Issuance  Outstanding         31-Dec-01          31-Dec-00           31-Dec-99
-------------------------------------------------------------------------------------------------------------
<S>             <C>                      <C>               <C>                  <C>               <C>
06/14/99        Common Stock                  97,524            97,524               97,524            53,438
06/15/99        Common Stock                     156               156                  156                85
06/16/99        Common Stock                   7,500             7,500                7,500             4,068
06/17/99        Common Stock                 575,574           575,574              575,574           310,651
06/18/99        Common Stock                   7,969             7,969                7,969             4,279
06/21/99        Common Stock                 850,569           850,569              850,569           449,753
06/22/99        Common Stock               4,415,447         4,415,447            4,415,447         2,320,208
06/24/99        Common Stock                 571,959           571,959              571,959           297,732
06/28/99        Common Stock               3,024,169         3,024,169            3,024,169         1,541,084
07/08/99        Common Stock                   6,656             6,656                6,656             3,210
07/09/99        Common Stock                   3,438             3,438                3,438             1,648
07/13/99        Common Stock               1,273,094         1,273,094            1,273,094           596,436
07/14/99        Common Stock                  78,414            78,414               78,414            36,522
07/20/99        Common Stock                  18,345            18,345               18,345             8,241
07/22/99        Common Stock                  39,367            39,367               39,367            17,471
07/23/99        Common Stock                   1,406             1,406                1,406               620
07/26/99        Common Stock                     156               156                  156                68
07/28/99        Common Stock                  20,592            20,592               20,592             8,801
08/02/99        Common Stock                     969               969                  969               401
08/05/99        Common Stock                  29,063            29,063               29,063            11,784
08/09/99        Common Stock                   2,500             2,500                2,500               986
08/12/99        Common Stock                   8,136             8,136                8,136             3,143
08/13/99        Common Stock               4,222,974         4,222,974            4,222,974         1,619,771
08/16/99        Common Stock                   3,750             3,750                3,750             1,408
08/17/99        Common Stock                   6,250             6,250                6,250             2,329
08/18/99        Common Stock                   4,073             4,073                4,073             1,506
08/20/99        Common Stock                   4,845             4,845                4,845             1,765
08/23/99        Common Stock                  24,531            24,531               24,531             8,737
09/03/99        Common Stock                     938               938                  938               306
09/07/99        Common Stock                     470               470                  470               148
09/09/99        Common Stock                   1,954             1,954                1,954               604
09/10/99        Common Stock                  12,610            12,610               12,610             3,869
09/13/99        Common Stock                   1,402             1,402                1,402               418
09/17/99        Common Stock                   3,125             3,125                3,125               899
09/21/99        Common Stock                   1,563             1,563                1,563               432
09/23/99        Common Stock                  25,471            25,471               25,471             6,909
09/27/99        Common Stock                   1,719             1,719                1,719               447
09/30/99        Common Stock                     625               625                  625               158
10/04/99        Common Stock                   8,487             8,487                8,487             2,045
10/12/99        Common Stock                   2,266             2,266                2,266               496
10/15/99        Common Stock                   1,563             1,563                1,563               330
10/21/99        Common Stock                     416               416                  416                81
10/25/99        Common Stock                   4,688             4,688                4,688               860
10/26/99        Common Stock                 156,516           156,516              156,516            28,301
11/02/99        Common Stock                   1,250             1,250                1,250               202
11/03/99        Common Stock                   8,438             8,438                8,438             1,340
11/05/99        Common Stock                   5,938             5,938                5,938               911
11/08/99        Common Stock                  13,125            13,125               13,125             1,906
11/10/99        Common Stock                  32,941            32,941               32,941             4,603
11/12/99        Common Stock                  22,814            22,814               22,814             3,063
11/15/99        Common Stock                   6,220             6,220                6,220               783
11/16/99        Common Stock                  13,750            13,750               13,750             1,695
11/18/99        Common Stock                     626               626                  626                74
11/19/99        Common Stock                  26,875            26,875               26,875             3,092
11/22/99        Common Stock                  15,000            15,000               15,000             1,603
11/23/99        Common Stock                     264               264                  264                27
11/24/99        Common Stock                  20,815            20,815               20,815             2,014
11/29/99        Common Stock                     156               156                  156                14
12/01/99        Common Stock                   3,750             3,750                3,750               308
12/03/99        Common Stock                  12,875            12,875               12,875               988
12/07/99        Common Stock                  15,313            15,313               15,313             1,007
12/08/99        Common Stock                  15,563            15,563               15,563               981
12/10/99        Common Stock                  33,201            33,201               33,201             1,910
12/13/99        Common Stock                   2,594             2,594                2,594               128
</TABLE>
<PAGE>

                                NTL INCORPORATED

                        CALCULATION OF NET LOSS PER SHARE

<TABLE>
<CAPTION>
                                                     Weighted Average Number of Shares
                                         --------------------------------------------------------------------
  Date                                      Total           Year Ended          Year Ended         Year Ended
 Issued         Description of Issuance  Outstanding         31-Dec-01          31-Dec-00           31-Dec-99
-------------------------------------------------------------------------------------------------------------
<S>             <C>                      <C>               <C>                  <C>               <C>
12/16/99        Common Stock                  15,189            15,189               15,189               625
12/17/99        Common Stock                  91,542            91,542               91,542             3,510
12/21/99        Common Stock                   5,000             5,000                5,000               137
12/22/99        Common Stock                   2,500             2,500                2,500                62
12/23/99        Common Stock                  76,408            76,408               76,408             1,674
12/27/99        Common Stock                  27,345            27,345               27,345               300
12/29/99        Common Stock                  51,261            51,261               51,261               281
12/30/99        Common Stock                  13,744            13,744               13,744                37
12/31/99        Common Stock                  14,250            14,250               14,250
01/06/00        Common Stock                  13,219            13,219               13,038
01/10/00        Common Stock                  44,626            44,626               43,525
01/11/00        Common Stock                  20,151            20,151               19,599
01/12/00        Common Stock                  25,506            25,506               24,738
01/13/00        Common Stock                   3,050             3,050                2,949
01/19/00        Common Stock                  21,721            21,721               20,648
01/20/00        Common Stock                   2,813             2,813                2,666
01/21/00        Common Stock                 137,286           137,286              129,761
01/25/00        Common Stock                 141,381           141,381              128,719
01/26/00        Common Stock                  63,502            63,502               59,150
01/28/00        Common Stock                   4,587             4,587                4,247
01/31/00        Common Stock                  91,313            91,313               83,808
02/02/00        Common Stock                  29,000            29,000               26,457
02/03/00        Common Stock                  52,656            52,656               47,896
02/04/00        Common Stock                   1,875             1,875                1,700
02/07/00        Common Stock               8,229,200         8,229,200            7,395,007
02/08/00        Common Stock                   3,987             3,987                3,572
02/10/00        Common Stock                  24,490            24,490               21,806
02/15/00        Common Stock                      31                31                   27
02/22/00        Common Stock                     800               800                  686
02/24/00        Common Stock                      93                93                   79
02/25/00        Common Stock                   7,750             7,750                6,582
02/28/00        Common Stock                  82,534            82,534               69,420
03/01/00        Common Stock                   2,344             2,344                1,959
03/03/00        Common Stock                   8,246             8,246                6,845
03/07/00        Common Stock                  15,175            15,175               12,431
03/14/00        Common Stock                   7,813             7,813                6,250
03/15/00        Common Stock                  19,688            19,688               15,695
03/17/00        Common Stock                  20,197            20,197               15,991
03/20/00        Common Stock                 165,403           165,403              129,605
03/21/00        Common Stock                 272,880           272,880              213,072
03/24/00        Common Stock                   6,668             6,668                5,153
03/27/00        Common Stock                   2,687             2,687                2,054
03/29/00        Common Stock                  12,438            12,438                9,439
03/31/00        Common Stock                     400               400                  301
04/03/00        Common Stock                   2,200             2,200                1,639
04/04/00        Common Stock                   2,281             2,281                1,694
04/05/00        Common Stock                  30,288            30,288               22,405
04/07/00        Common Stock                  48,629            48,629               35,706
04/14/00        Common Stock                 110,279           110,279               78,857
04/17/00        Common Stock                  40,625            40,625               28,716
04/18/00        Common Stock                   7,838             7,838                5,518
04/19/00        Common Stock                   8,418             8,418                5,905
04/24/00        Common Stock                  62,499            62,499               42,979
05/04/00        Common Stock                 115,579           115,579               76,315
05/05/00        Common Stock                  75,308            75,308               49,518
05/11/00        Common Stock                   5,775             5,775                3,702
05/15/00        Common Stock                     684               684                  431
05/19/00        Common Stock                     124               124                   77
05/23/00        Common Stock                  20,000            20,000               12,164
05/30/00        Common Stock             127,161,459       127,161,459           74,903,325
06/05/00        Common Stock                   6,740             6,740                3,859
06/08/00        Common Stock                   1,094             1,094                  618
06/12/00        Common Stock                 953,887           953,887              527,905
06/14/00        Common Stock                   3,466             3,466                1,899
</TABLE>
<PAGE>
                                NTL INCORPORATED

                        CALCULATION OF NET LOSS PER SHARE

<TABLE>
<CAPTION>
                                                     Weighted Average Number of Shares
                                         --------------------------------------------------------------------
  Date                                      Total           Year Ended          Year Ended         Year Ended
 Issued         Description of Issuance  Outstanding         31-Dec-01          31-Dec-00           31-Dec-99
-------------------------------------------------------------------------------------------------------------
<S>             <C>                      <C>               <C>                  <C>               <C>
06/19/00        Common Stock                     900               900                  481
06/20/00        Common Stock                   1,500             1,500                  797
06/21/00        Common Stock                  17,515            17,515                9,261
07/05/00        Common Stock                     425               425                  208
07/07/00        Common Stock                   7,295             7,295                3,537
07/10/00        Common Stock                     625               625                  298
07/14/00        Common Stock                      33                33                   15
07/19/00        Common Stock                     625               625                  283
07/20/00        Common Stock                  11,356            11,356                5,102
07/24/00        Common Stock                     165               165                   72
07/27/00        Common Stock                   1,358             1,358                  584
08/01/00        Common Stock                   2,905             2,905                1,213
08/07/00        Common Stock                   1,798             1,798                  719
08/15/00        Common Stock                   1,088             1,088                  413
08/30/00        Common Stock                   3,765             3,765                1,268
09/06/00        Common Stock                   2,090             2,090                  664
09/14/00        Common Stock                  41,464            41,464               12,267
09/15/00        Common Stock                 101,114           101,114               30,701
09/21/00        Common Stock                   9,000             9,000                2,490
09/26/00        Common Stock                      31                31                    8
09/27/00        Common Stock                 300,000           300,000               78,082
09/28/00        Common Stock                 484,274           484,274              124,717
10/02/00        Common Stock                     922               922                  228
10/03/00        Common Stock                   1,070             1,070                  260
10/04/00        Common Stock                 184,274           184,274               44,428
10/06/00        Common Stock                     589               589                  139
10/11/00        Common Stock                     124               124                   28
10/16/00        Common Stock                  35,080            35,080                7,304
10/24/00        Common Stock                     155               155                   29
10/25/00        Common Stock                  12,877            12,877                2,364
10/31/00        Common Stock                     469               469                   78
11/01/00        Common Stock                   1,811             1,811                  295
11/06/00        Common Stock                     833               833                  126
11/07/00        Common Stock                   1,428             1,428                  211
11/10/00        Common Stock                     959               959                  133
11/14/00        Common Stock                      62                62                    8
11/15/00        Common Stock                     200               200                   25
11/20/00        Common Stock                   1,000             1,000                  112
11/29/00        Common Stock                     894               894                   78
12/06/00        Common Stock                     620               620                   42
12/14/00        Common Stock                 144,520           144,520                6,731
12/19/00        Common Stock                  31,250            31,250                1,027
12/20/00        Common Stock                   1,000             1,000                   30
12/22/00        Common Stock                     193               193                    4
12/27/00        Common Stock                  55,000            55,000                  603
01/02/01        Common Stock                 141,642           140,866
01/10/01        Common Stock                  41,182            40,053
01/12/01        Common Stock                      91                88
01/16/01        Common Stock                  17,344            16,584
01/17/01        Common Stock                  99,451            94,819
01/19/01        Common Stock                  59,766            56,655
01/22/01        Common Stock                  15,000            14,096
01/23/01        Common Stock                   1,798             1,685
01/29/01        Common Stock                  11,000            10,126
01/30/01        Common Stock                  45,000            41,301
01/31/01        Common Stock                  67,438            61,710
02/01/01        Common Stock                  86,626            79,031
02/02/01        Common Stock                     511               465
02/05/01        Common Stock                  21,625            19,492
02/08/01        Common Stock               3,044,011         2,718,761
02/09/01        Common Stock                 272,250           242,414
02/13/01        Common Stock                   4,219             3,710
02/27/01        Common Stock                  34,250            28,808
03/01/01        Common Stock                 145,000           121,164
</TABLE>
<PAGE>
                                NTL INCORPORATED

                        CALCULATION OF NET LOSS PER SHARE

<TABLE>
<CAPTION>
                                                                                  Weighted Average Number of Shares
                                                             --------------------------------------------------------------------
  Date                                                          Total           Year Ended          Year Ended         Year Ended
 Issued         Description of Issuance                       Outstanding         31-Dec-01          31-Dec-00           31-Dec-99
---------------------------------------------------------------------------------------------------------------------------------
<S>             <C>                                          <C>              <C>                  <C>               <C>
03/07/01        Common Stock                                         149               122
03/16/01        Common Stock                                      10,000             7,945
03/19/01        Common Stock                                         334               263
04/04/01        Common Stock                                       1,274               946
04/09/01        Common Stock                                      16,360            11,923
04/16/01        Common Stock                                       1,724             1,223
04/17/01        Common Stock                                      89,324            63,139
04/20/01        Common Stock                                      13,478             9,417
04/23/01        Common Stock                                       8,594             5,934
04/24/01        Common Stock                                       5,045             3,469
04/25/01        Common Stock                                      10,625             7,277
04/25/01        Common Stock                                         487               334
05/01/01        Common Stock                                       1,798             1,202
05/02/01        Common Stock                                       1,406               936
05/04/01        Common Stock                                          31                20
05/07/01        Common Stock                                       5,050             3,293
05/22/01        Common Stock                                         781               477
05/29/01        Common Stock                                      20,313            12,021
05/30/01        Common Stock                                       4,949             2,915
06/05/01        Common Stock                                       4,048             2,318
06/12/01        Common Stock                                       2,000             1,107
06/18/01        Common Stock                                      91,020            48,876
10/03/01        Common Stock                                     156,248            38,099

                                                             --------------------------------------------------------------------
                Total                                        276,626,475       275,988,317          217,081,465       119,418,138
                                                             ====================================================================
                Loss before extraordinary item                                  ($14,241.3)           ($2,963.7)          ($732.7)
                Preferred stock dividend                                            (325.7)              (194.0)            (73.7)
                                                             --------------------------------------------------------------------
                                                                                 (14,567.0)            (3,157.7)           (806.4)
                Extraordinary item                                                    --                    --               (3.0)
                                                                             -----------------------------------------------------
                Loss available to common shareholders                           ($14,567.0)           ($3,157.7)          ($809.4)
                                                                             =====================================================
                Basic and diluted net loss per common share:
                Loss before extraordinary item                                     ($52.78)             ($14.54)           ($6.75)
                Extraordinary item                                                     --                   --              (0.03)
                                                                            ------------------------------------------------------
                Net loss per common share                                          ($52.78)             ($14.54)           ($6.78)
                                                                            ======================================================

</TABLE>