///Corporate

JUSTIN TIMBERLAKE LAUNCHES TENNMAN RECORDS, JOINT VENTURE WITH INTERSCOPE RECORDS AND WILL SERVE AS CHAIRMAN AND CEO

KEN KOMISAR APPOINTED PRESIDENT OF TENNMAN RECORDS



Los Angeles, California, May 28, 2007 - Multi-platinum four time Grammy Award-winning recording artist Justin Timberlake has launched Tennman Records, a joint venture with Interscope Records, it was announced today by Jimmy Iovine, Chairman, Interscope Geffen A&M. Mr. Timberlake will serve as Chairman and CEO of the new joint venture, which will be based in Los Angeles and will be distributed worldwide by Interscope Geffen A&M.

Ken Komisar, former Vice President of A&R, Sony BMG Music Entertainment, has been appointed President of Tennman Records. The first signings to the label will be announced in the weeks ahead. “Whenever you have the opportunity to get into business with someone as gifted as Justin Timberlake, you take it,” commented Mr. Iovine. “We are thrilled to have his label as part of Interscope.”

"We are all excited about the talent we have to offer already on our roster and I cannot wait to introduce the world to my new discoveries," said Mr. Timberlake.

"I am thrilled with the potential of this opportunity that combines the amazing creative talents of Justin Timberlake, along with the vision and passion of Jimmy Iovine and Interscope Records. We are already underway with several artists in development, and look forward to sharing their work with music fans everywhere." said Mr. Komisar.

Justin Timberlake has amassed combined worldwide sales in excess of 13 million copies on his first two solo albums: Justified (2002, containing the hit singles "Like I Love You" featuring Clipse, "Cry Me A River," "Rock Your Body," and "Señorita") and FutureSex/LoveSounds with total worldwide sales of over 6 million (2006, with "SexyBack" featuring Timbaland, "My Love" featuring T.I., and "What Goes Around... Comes Around.")

Topping his list of numerous industry and consumer awards are his 4 Grammys: Best Pop Vocal Album for Justified and Best Male Pop Vocal Performance for "Cry Me A River" at the 2004 ceremonies; and (at this year's Grammy Awards), Best Rap/Sung Collaboration for "My Love" (featuring T.I.) and Best Dance Recording for "SexyBack" featuring Timbaland. Justin Timberlake has also been honored with awards at the MTV Video Music Awards in the U.S. and Europe, BRIT Awards, American Music Awards, Radio Music Awards, World Music Awards, Mobo Awards, Teen Choice Awards, Nickelodeon Kids Choice Awards, MTV's TRL Awards, and NRJ Awards.

Ken Komisar is an industry veteran who has served as Vice President of A&R, Sony BMG Music Entertainment since 2000. Prior to this, he spent a decade within the Sony family in various positions of increasing responsibility, starting in 1989, as Senior Director of A&R for Epic Records in Los Angeles. In 1995, he joined Michael Jackson's MJJ Music label where he was involved in marketing and development of their acts. Mr. Komisar began his career in music at Atlantic Records, starting in promotion, moving on to A&R, and then heading the Dance Department.

Interscope Geffen A&M Records:

Combining the legacies of three of the most influential record labels in modern music history, Interscope Geffen A&M Records embarked on a new tradition of musical achievement with its unification on January 1, 1999. Headed by Chairman Jimmy Iovine, Interscope Geffen A&M is a major force in global music, developing chart-topping artists across a wide range of musical genres including rock, rap, pop and alternative. Interscope Geffen A&M Records is part of Universal Music Group, the world’s largest music company.

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, Interscope Geffen A&M Records, Geffen Records, Island Def Jam Music Group, Lost Highway Records, Machete Music, MCA Nashville, Mercury Nashville, Mercury Records, Philips, Polydor Records, Universal Music Latino, Universal Motown Records Group, Universal Records South 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, and Universal Music Mobile.

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

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