New York, December 10, 2004 – Christine Grbelja has been named Senior Vice President of Royalties (US) for Universal Music Group (UMG), the world’s leading music company. The announcement was made today by Charles Ciongoli, the company’s Executive Vice President and North American Chief Financial Officer. Grbelja will be based in New York and reports directly to Ciongoli.

As part of her duties, Grbelja will oversee all day-to-day management of UMG royalties for the US. She will work with all of UMG’s subsidiary labels to ensure the smooth processing of royalty payments on their behalf. Current SVP of Global Royalties, Marjorie Fieldman will now lead the UMG development side of Royalty Services, UMG’s new joint venture with Warner Music Group and Exigen.

“Christine’s vast experience and reputation in this very specialized field makes her the best choice to lead our royalty efforts,” stated Ciongoli. “We are delighted that she has joined the Universal team.”

“After working in the music industry for many years, I’m thrilled to join the world’s largest and best music company,” added Grbelja. “Considering all of the rapid advances occurring in the royalty field right now, it’s an exciting time to be here.”

Prior to joining UMG, Grbelja served as Vice President of Royalties for Sony Music, where she worked for the last 16 years. She was also Director of Royalty Accounting for the company when it was CBS Records. Her background also includes stints at Cartier as Operational Controller, and as an auditor for Coopers and Lybrand, now PriceWaterhouse Coopers.

Grbelja holds a degree in Public Accounting from Pace University and is a Certified Public Accountant in New York.

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 US) and Universal Strategic Marketing (outside the US). 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.