///Corporate

UNIVERSAL MUSIC, MINISTRY OF SOUND ANNOUNCE EXCLUSIVE COMPILATIONS

LONDON, November 10, 2004 – Universal Music International and Ministry of Sound have announced an exclusive new agreement to launch Ministry of Sound-branded music compilations.

The deal, effective immediately, covers the key brands with which Ministry of Sound have had such huge success, including ‘The Annual,’ ‘Clubbers Guide,’ ‘The Chillout Session’ and ‘Trance Nation.’ The first album in the series, ‘The Annual 2005,’ is being released for the Christmas 2004 market.

The agreement covers Scandinavia, France and Belgium, Greece, South East Asia, Latin America and Eastern Europe.

Stan Roche, UMI’s VP for TV Marketing, commented, “Ministry of Sound is one of the most important and successful dance brands in the world. We feel that this deal allows us to draw upon their power in the highly competitive arena of dance compilations, while Universal’s marketing muscle and reach in these territories will allow Ministry of Sound to extend its brand-identity in markets like Asia and Latin America where dance is a growth genre. This is a mutually beneficial deal for both companies and is consistent with our strategy of developing a portfolio of strong compilation brands in all sectors and genres.”

Tim Ferrone, Product Manager, UMI, said, “Universal’s affiliates are extremely excited about the opportunity to work with the world’s premier dance brand, and we believe the people at Ministry of Sound and those in our local companies can make this a very successful partnership. We can sell a lot of records in these markets.”

Lohan Presencer, Managing Director of Ministry of Sound Recordings, commenting on the deal, said, “Universal Music has the most professional and established international strategic marketing department of any of the major record companies, and were a natural first choice for us when choosing a home for our compilations in territories where we were yet to establish a significant presence.

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