///Corporate

SHANE A. MAIDY APPOINTED VICE PRESIDENT OF NATIONAL SALES, UNIVERSAL MUSIC AND VIDEO DISTRIBUTION

Santa Monica, California, November 24, 2003 — Shane A. Maidy has been named Vice President of National Sales for Universal Music and Video Distribution, it was announced today by Mike Davis, Senior Vice President, Sales, Universal Music and Video Distribution (UMVD).

Based in Universal City, Mr. Maidy will oversee the mass merchant retail accounts for UMVD, including Amazon.com, Anderson Merchandisers, Best Buy, Costco, Handleman Entertainment, Kmart, Target and Wal*Mart.

"Shane has extensive experience in brand development, working with such products as packaged goods, apparel, toys and video games. He brings a fresh sales perspective to our industry and will be a tremendous asset to UMVD," commented Mr. Davis.

Most recently, Mr. Maidy directed the category sales management team for Brand Sense Marketing, a sister company to NASCAR. Prior to that, he was Vice President of Business Development at internet e-commerce provider, WhatsHotNow.com, selling the company's services to major entertainment clients such as MTV, Playboy, ABC, Sony Pictures and Fox Family Worldwide. Mr. Maidy founded Insight Marketing, a full-service marketing agency specializing in licensing, sales and business development. He has also held executive positions with J. Walter Thompson, Marvel Entertainment Group and O.S.P. Publishing Inc.

Mr. Maidy received a B.A. in international relations from the University of Southern California, and his M.B.A. from Pepperdine University’s Graziadio School of Business Management.

Universal Music and Video Distribution handles the distribution and sales for such labels as Universal Motown Records Group, Island Def Jam Music Group, Roadrunner, Interscope Geffen A&M Records, MCA Nashville, Universal South, Lost Highway, Mercury Nashville, Verve Music Group, Universal Classics, Universal Music Latino, Universal Music Enterprises, Hip-O, UTV, Univision Music Group, DreamWorks, Disa, ABKCO, Hollywood, Lideres Entertainment, Lyric Street, Northsound, RMM, Thump, Varese Sarabande, Walt Disney, VI Music and Viva Discos as well as theatrical video from Universal Studios.

Universal Music Group is the world’s largest music company with wholly owned record operations or licensees in 71 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, Mercury Nashville, Mercury Records, Philips, Polydor, Universal Music Latino, Universal Motown Records Group, 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 catalog of music in the industry, which is marketed through two distinct divisions, Universal Music Enterprises (in the U.S.) and Strategic Marketing & Commercial Affairs (outside the U.S.). Universal Music Group also includes eLabs, a new media and technologies division.

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

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