///Corporate

KIRK HARDING APPOINTED EXECUTIVE VICE PRESIDENT, SRC RECORDS

May 16, 2005, New York, NY- Kirk Harding has been appointed Executive Vice President, SRC Records (a venture with Universal Records), announced Steve Rifkind, CEO of SRC Records and Founder of Loud Records. “Kirk has proven himself to be a great executive with a global perspective and an exemplary knowledge of music,” stated Mr. Rifkind. “He possesses a real passion for developing artists and a tireless work ethic that has reverberated throughout the entire company. All of Universal joins me in applauding his tremendous efforts on behalf of the company and our great roster of artists.”

Most recently, Mr. Harding has helped establish the careers of artists such as Akon, David Banner, Terror Squad, Remy Ma and others. Previously Mr. Harding was Marketing Director of Loud Records, working with such artists as Big Punisher, Remy Martin and others. In 2000 Mr. Harding was Vice President of International for Loud Records, helping to oversee International artist development for the label, and working with such artists as Wu Tang Clan, Xzibit, Big Punisher and others.

From 1994 to 1999 Mr. Harding was A&R Director for BMG New Zealand, developing international artists such as Supergroove and Che Fu, among others.

Mr. Harding began his career in the music business in 1994 as Head Buyer at Marbecks Records.

SRC Records is a joint venture between Rifkind and Universal Motown Records, a division Universal Music Group, the world's leading music company with wholly owned record operations or licensees in 77 countries.

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 technologies division.

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

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