///Corporate

BERT CLOECKAERT SUCCEEDS WOLF URBAN AS HEAD OF UM3, STRATEGIC MARKETING DIVISION OF UMI

LONDON, 3 JULY 2002 -- Wolf Urban, UM3 Senior Vice President, has decided to resign from Universal Music International, effective July 31st 2002, in order to pursue another career opportunity. UM3 is the strategic music division of UMI; it is responsible for marketing the Universal Music Group’s extensive music catalogue in the world outside North America.

Urban will be succeeded by Bert Cloeckaert, who will assume the title of Senior Vice President, Commercial Affairs and Strategic Marketing, Universal Music International, reporting to Jorgen Larsen, Chairman and CEO of UMI. He will take up his new responsibilities on September 1st 2002, and will be located primarily in London.

Cloeckaert joined PolyGram Belgium as Managing Director in 1992 after a successful career in Belgium with Rothmans Tobacco and Sony Music. In 1997, he became Vice President Europe, Commercial Affairs, at PolyGram; in 2000, he was appointed Senior Vice President, Commercial Affairs, at UMI.

Commenting on Cloeckaert’s appointment, Jorgen Larsen says: "We are fortunate in having someone of Bert’s calibre and credibility to step into this new and expanded role at UMI. Bert will continue to be responsible for commercial affairs – a job in which he has made major contributions towards UMI’s international success in the past five years – and his solid marketing and managerial background will ensure a smooth unproblematic move into the UM3 division. I expect Bert to take our strategic marketing activities to new heights and wish him much success in his new job."

Says Bert Cloeckaert, "I am delighted to have been given the opportunity to further develop our strategic marketing activities and to work even closer with the strong strategic marketing teams, both in London and throughout UMI, whilst at the same time continuing to work closely with all the sales divisions throughout the world."

Wolf Urban joined PolyGram Germany in 1994 as Managing Director of Polymedia, that company’s strategic marketing unit. He relocated in early 1999 to London, where he took on responsibility for developing and building UM3 as a key division of UMI. Commenting on his departure, Larsen says: "Wolf has done a first-class job for UMI these past three and a half years, but has now regrettably decided to move on. I am sure my colleagues around the world will join me in wishing him much success in his career outside our company."

UM3

UM3 is the strategic music division of Universal Music International, responsible for marketing the Universal Music Group’s extensive music catalogue, which includes all sales through traditional music retail and all TV-marketed "Greatest Hits" projects and compilations.

UM3 also offers marketing solutions for business-to-business partners, including direct marketing, non-traditional delivery, customised products and licensing Universal’s vast music repertoire.

Universal Music International

Universal Music International is a division of Universal Music Group; the world's leading music company with wholly owned record operations or licensees in 63 countries. Its businesses also include Universal Music Publishing Group, one of the industry's largest global music publishing operations.

Universal Music Group consists of record labels Decca Record Company, Deutsche Grammophon, Interscope Geffen A&M Records, Island Def Jam Music Group, Lost Highway Records, MCA Nashville, MCA Records, Mercury Records, Motown Records, Philips, Polydor, Universal Records, and Verve Music Group as well as a multitude of record labels owned or distributed by its record company subsidiaries around the world. The Universal Music Group owns the most extensive catalogue of music in the industry, which is marketed through two distinct divisions, Universal Music Enterprises (in the U.S.) and UM3 (outside the U.S.).

Universal Music Group is a unit of Vivendi Universal, a global media and communications company.

Black Friday