///Corporate

UNIVERSAL MOTOWN RECORDS GROUP PROMOTES ANDREW KRONFELD TO GENERAL MANAGER

New York, New York, February 21, 2005 – Universal Motown Records Group has promoted Andrew Kronfeld to General Manager, it was announced today by Mel Lewinter, Chairman of Universal Motown, Monte Lipman, President of Universal Records, and Sylvia Rhone, President of Motown Records/Executive Vice President of Universal Records. Formerly, Kronfeld served as Executive Vice President of the company.

“Since joining Universal Motown, Andrew has not only demonstrated true leadership in a variety of situations, but an unwavering commitment to our artists,” stated Lewinter. “We are delighted to expand the playing field for him even further with this well deserved promotion.”

“We are very pleased that Andrew has agreed to take on this new role,” commented Rhone. “Having worked in many different facets of the industry, both here and abroad, Andrew is uniquely qualified for this position, bringing with him a wealth of industry knowledge, talent and true creativity.”

“It has been a pleasure to watch Andrew grow into this role over the last several years,” remarked Lipman. “As our company continues to evolve dramatically, Andrew has played an increasingly important role in helping us manage our daily activities, and now, as he moves up to his new post, his expertise, insight, and sensitivity to the needs of our artists will be invaluable.”

“I am thankful to Doug Morris (Chairman & CEO, Universal Music Group), Mel, Monte and Sylvia for this opportunity,” added Kronfeld. “Moving ahead, our goals are clear: to expand our musically diverse company, while fostering a creative environment where artists can thrive and where employees can reach their career potential.”

Kronfeld joined Universal Motown as Senior Vice President of International in 2001. Prior to joining the company, Kronfeld served as Vice President of International Marketing for Universal Music International in London, where he was responsible for marketing a diverse roster of talent, including Sheryl Crow, Andrea Boccelli, Shania Twain, Nelly, Erykah Badu and Jay-Z, among many others. Past stints also include serving as Vice President of Marketing for Island Records USA, where he worked with such multiplatinum-selling artists as U2, Melissa Etheridge and The Cranberries, among many others.

Universal Records is a division of Universal Music Group, the world’s leading 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, DreamWorks Records, 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 Universal Strategic Marketing (outside the U.S.). Universal Music Group also includes eLabs, a new media and technology division.

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

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