More Restructuring At EMI

Eric Nicoli, the CEO of EMI Group who on Friday assumed direct responsibility
for the EMI Music division after the ouster of senior executives Alain Levy and David Munns, today announced two key
appointments.

Nicoli has established an international
division of EMI’s recorded music business outside the UK and
North America, promoting JF Cecillon to lead it as
CEO of EMI Music International. Cecillon, who was formerly chairman and CEO of
EMI Music Continental Europe, now oversees EMI’s recorded music operations in
continental Europe, Japan, Asia, Latin America and Australia/New Zealand.

EMI Music’s North American business will
continue to report directly to Nicoli, as will EMI Music UK & Ireland under
its chairman and CEO, Tony Wadsworth.

Ian Hanson, formerly senior vice president EMI Music has been promoted to the global role of chief
operating officer. As part of his new role,
Hanson assumes responsibility for the division’s business affairs and operations
functions, including global distribution, manufacturing and digital supply
chain.

No additional layoffs were announced today although they are expected in the near future.

Cecillon will also assume responsibility
for EMI Music’s global marketing team headed by Matthieu Lauriot-Prevost

Nicoli said: "For the past two and a half
years, JF Cecillon has led our continental European operations across 21
countries and delivered a major turnaround in that business. During his tenure,
EMI’s market share in the region has grown by nearly three points, profits have
tripled and new artists have been established including Raphael, Diam’s and
Camille in France, La Fee in Germany, Amaral and Bebe in Spain, and Finley,
Subsonica and Mondo Marcio in Italy. He is the ideal candidate to help me run
our recorded music business outside the UK and North America.”

"Ian Hanson is a proven deal-maker who has
played a central role in developing and implementing new and innovative
strategies across the business, from pioneering artist agreements with artists
such as Robbie Williams, through to driving efficiencies in EMI Music’s global
supply and digital distribution chain. His wide-ranging experience of all areas
of the business’s operations will be key as we look to grow EMI Music over the
coming years.”