Initial Venture with Worlds End Management

Twenty First Republic (TFR) Launches with Offices in New York and Los Angeles

New York, New York, March 29, 2011 – Universal Republic Records and Twenty First Artists, both divisions of Universal Music Group (UMG), the world’s leading music company, today launched Twenty First Republic (TFR), a new management division that caters to U.S.-based music producers and engineers. The announcement was made today by Monte Lipman, President & CEO of Universal Republic, Avery Lipman, Co-President & COO of Universal Republic, Colin Lester, CEO of Twenty First Artists, and Sandy Roberton, CEO of Worlds End Management.

With offices in New York and Los Angeles, Twenty First Republic will be overseen by Sandy Roberton and Tom Mackay, who will also continue in his duties as Executive Vice President of A&R for Universal Republic. The company will combine the creative resources of Universal Republic and the extensive management experience of Twenty First Artists to discover, nurture and develop the careers of music producers and engineers. Twenty First Republic will seek to facilitate new revenue-generating business while creating cross-marketing and promotional opportunities for its clients.

“As we continue to expand our business, we are going from strength to strength with Colin through this innovative venture,” stated Mr. Lipman. “Through Twenty First Republic, we will be tapping into music and the creative process in its purest form, while leveraging the resources of our company to find production talent and extend their reach in the marketplace.”

“This is an exciting new venture and a watershed moment for Twenty First Artists,” commented Mr. Lester. “It opens up a myriad of opportunities for our business. By combining the scale and reach of Universal Republic in the US with the management and brand development experience of Twenty First Artists, we are creating the preeminent leader in this fast-growing area of the business.”

In its first venture, Twenty First Republic will handle clients from Worlds End Management, while its principal Sandy Roberton will operate TFR on a day-to-day basis. Worlds End clients now being represented by Twenty First Republic include Larry Klein, Nick Launay, Stephen Lipson, Tim Palmer, Atticus Ross, Peter Katis, George Drakoulias and Matthew Wilder.

“Worlds End is one of the most respected management companies in the music industry,” remarked Mr. Mackay, “And this has everything to do with Sandy’s innovation, his entrepreneurial approach and the tremendous success he and his team has achieved. We’re delighted to be working with them and one of the most distinguished rosters of clients in the business.”

“We’re excited to be joining Monte, Colin, Avery and Tom for what we believe to be the next step in the evolution of our business,” added Mr. Roberton. “Twenty First Republic has the reach and influence to not only continue, but enhance the quality of representation that we’ve provided for so many years at Worlds End.”

About Universal Republic Records

Universal Republic Records is a division of Universal Music Group, the world’s leading music company with wholly owned record operations or licensees in 77 countries. Its businesses also include Universal Music Publishing Group, the industry’s leading global music publishing operation.

Universal Music Group’s record labels include A&M/Octone, Decca, Deutsche Grammophon, Disa, Emarcy, Fonovisa, Interscope Geffen A&M Records, Island Def Jam Music Group, Lost Highway Records, Machete Music, MCA Nashville, Mercury Nashville, Mercury Records, Polydor Records, Show Dog – Universal Music, Universal Motown Republic Group, Universal Music Latino 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 catalogue of music in the industry, which includes the last 100 years of the world’s most popular artists and their recordings. UMG’s catalogue 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, its new media and technologies division; Bravado, its merchandising company; and Twenty-First Artists, its full service management division.

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

About Twenty First Artists

Twenty-First Artists was originally launched in 2000 and has represented artists such as Elton John, Jamiroquai, James Blunt and Lily Allen among many others. The company was sold to The Sanctuary Music Group in 2005 and was subsequently acquired by Universal Music Group in 2007. In 2010, Colin Lester of CLM Entertainment was appointed CEO of Twenty First Artists. Colin is an artist management veteran and was awarded The Peter Grant Award for Outstanding Achievement from the Music Managers Forum (MMF) in 2002 for his work overseeing the careers of Craig David, The Arctic Monkeys, The Brand New Heavies and Travis.