///Corporate

JORGEN LARSEN ANNOUNCES NEW UNIVERSAL MUSIC INTERNATIONAL MANAGEMENT STRUCTURE

LONDON, 4 FEBRUARY 1999 -- Jorgen Larsen, chairman and CEO of Universal Music International, today announced his management team that will be based at the UMI headquarters in London*s St James*s Square.

Reporting directly to Larsen are:

Tim Bowen, executive vice president. Bowen*s responsibilities include legal and business affairs, administration, business development, e-commerce, Eastern Europe, and European industry commercial and government affairs.

Boyd Muir, chief financial officer, who is responsible for all of UMI*s financial and MIS matters.

Max Hole, senior vice president, marketing and A&R. Hole will oversee global artist marketing activities outside North America, managing UMI*s international marketing department and liaising with Universal*s North America-based labels regarding global marketing initiatives for their artists.

Chris Roberts, who heads Universal Classics worldwide and international jazz marketing, as announced previously.

Wolf Urban, senior vice president in charge of all forms of secondary exploitation. Urban joins UMI from PolyMedia in Germany where he has been managing director for four years. He will be dividing his time between London and Hamburg until he has appointed his successor in Germany.

Bert Cloeckaert, vice president, commercial affairs, who will report to Larsen on international matters and to Bowen on European business. Cloeckaert*s responsibilities include sales, pricing and international retail.

Amanda Conroy, vice president, communications, who is responsible for all of UMI*s internal and external communications.

In addition:

Richard Constant has been appointed general counsel, reporting to Tim Bowen, with responsibility for legal and public affairs.

All of the above executives* responsibilities cover the world outside North America.

Universal Music International is a division of the Universal Music Group, a unit of The Seagram Company Ltd, a global entertainment and spirits and wine company.

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