///Corporate

AVERY LIPMAN APPOINTED CO-PRESIDENT AND COO OF UNIVERSAL REPUBLIC RECORDS

New York, NY, January 7, 2008 – Universal Republic Records, a division of Universal Motown Republic Group (UMRG), has appointed Avery Lipman to Co-President and COO of the label, it was announced today by Mel Lewinter, Chairman of UMRG, and Monte Lipman, President & CEO of Universal Republic. Formerly, Mr. Lipman served as Senior Vice President of the label.

Along with Monte, Mr. Lipman will oversee the management and creative operations of the label, which features such chart-topping artists as Amy Winehouse, Jack Johnson, Colbie Caillat, Hinder, Mika, Damian Marley, Godsmack, 3 Doors Down and India.Arie, among many others.

“Avery is among the very best in the new generation of true record executives,” stated Mr. Lewinter. “His rare combination of leadership, creative sensibility and business acumen have been instrumental in helping Universal Republic achieve the success it has in such a short period of time. Over the years, it has been a pleasure to watch him grow into such a universally well-respected record man, known for his remarkable ability to identify and develop talent, while bringing innovative and refreshing ideas to well-established acts. He possesses the drive and vision necessary for success, and this expanded role will recognize and make even greater use of his many talents.”

“I am thankful to Doug Morris (Chairman & CEO, Universal Music Group) and Mel for their continued support and encouragement,” added Mr. Lipman. “Working with Mel and Monte to build Universal Republic has been one of the most rewarding experiences of my career. And I am thrilled to have the opportunity to continue working closely with them and our dynamic staff to further expand the reach of our artists in the physical and digital marketplaces.”

Mr. Lipman began his tenure in the music industry within the Business Affairs department of Arista Records. In 1990, he was appointed Director of Business Administration for Sony Music International. During that time, along with brother Monte, he co-founded Republic Records. In 1998, he left Sony to become GM of Republic, and in January 2000, when the label became an imprint of Universal Records, he was named Republic's Senior Vice President. Subsequently, in 2006, Mr. Lipman was named Senior Vice President of the newly established Universal Republic Records.

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, the industry’s largest global music publishing operation.

Universal Music Group consists of record labels Decca, 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 Republic 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, and Universal Music Mobile.

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

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