///Corporate

JOY SLUSAREK PROMOTED TO VICE PRESIDENT, NATIONAL SALES, UNIVERSAL MUSIC AND VIDEO DISTRIBUTION

Universal City, California, July 11, 2005 — Universal Music & Video Distribution (UMVD), the award-winning sales and marketing division of Universal Music Group, the world’s leading music company, has promoted Joy Slusarek to Vice President of National Sales. The announcement was made today by Mike Davis, Executive Vice President of Sales & Marketing for the company. Formerly, she served as Senior Account Executive, managing a top 10 retail partner.

Based at the company’s headquarters in Universal City, Ms. Slusarek will be responsible for national sales growth and will oversee such key retail accounts as Target, Circuit City, Costco, Amazon and Starbucks.

“Joy is one of the best in the next generation of entertainment sales executives,” stated Mr. Davis. “She has been a tremendous asset and we are pleased to recognize her talents with this promotion.”

Ms. Slusarek joined UMVD in 1994 as a Product Development Manager in St. Louis. Shortly thereafter, she was promoted to Sales Representative in Philadelphia where she handled both regional and national accounts. In 2004, while managing the Circuit City account, she was voted a UMVD Star Performer.

Ms. Slusarek received a Bachelor of Arts degree in Communications from Syracuse University.

Universal Music and Video Distribution handles the distribution and sales for such labels as Universal Motown Records Group, Island Def Jam Music Group, Roadrunner, Interscope Geffen A&M Records, MCA Nashville, Universal South, Lost Highway, Mercury Nashville, Verve Music Group, Universal Classics, Universal Music Latino, Universal Music Enterprises, Hip-O, UTV, Univision Music Group, DreamWorks, Disa, ABKCO, Hollywood, Lideres Entertainment, Lyric Street, RMM, Thump, Ark 21, Rounder, Fonovisa, Varese Sarabande, Walt Disney, VI Music and Viva Discos. UMVD also handles the distribution and sales for Fontana, an independent distribution company, and Visual Entertainment, the company’s home entertainment division.

About Universal Music Group

Universal Music Group is the world’s largest music company with wholly owned record operations or licensees in 77 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 Music Group, Deutsche Grammophon, DreamWorks Nashville, Interscope Geffen A&M Records, Geffen Records, Island Def Jam Music Group, Lost Highway Records, MCA Nashville, Mercury Nashville, Mercury Records, Philips, Polydor Records, 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.

Black Friday