///Corporate

PAUL PONTIUS PROMOTED TO EXECUTIVE VICE PRESIDENT A&R, ISLAND RECORDS

(July 27, 2004 – New York, NY) Paul Pontius has been promoted to Executive Vice President, A&R for Island Records, it was announced today by Antonio “L.A.” Reid, Chairman, Island Def Jam Music Group.

In his new position as head of A&R for Island Records, Mr. Pontius will continue working with his existing artist roster, which includes such acts as Hoobastank, Melissa Etheridge, Letter Kills, CKY and Die Trying, in addition to actively seeking out, acquiring and developing new talent. Mr. Pontius, who is based in Los Angeles, will work closely with and report directly to Mr. Reid.

“Paul is an experienced A&R executive with impressive accomplishments in his first five years at IDJ,” said Mr. Reid. “I have great confidence in his abilities to lead the West Coast staff and meet the challenges that face us in today’s creative marketplace.”

“I am grateful to L.A. Reid for his trust in me as I enter this next phase of my career,” said Mr. Pontius. “The A&R staff of Island in New York and Los Angeles has made great strides in the time I have been here, and we all look forward to growing and learning from L.A. Reid.”

Mr. Pontius has served as Vice President, A&R, Island Def Jam Music Group, since 1999. Prior to that he was at Immortal/Epic Records, where his signings included Korn and Incubus.

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