Max Hole named Chairman & CEO, Universal Music Group International

7th January 2013, Los Angeles & London

London-based Executive Broadens Responsibilities Following Acquisition of EMI Recorded Music

universalmusic.com/corporate/detail/2358

Universal Music Group (UMG), the world's leading music company, has promoted Max Hole to become Chairman and Chief Executive Officer of UMG International with effect from January 1, 2013. The appointment was announced today by Lucian Grainge, Group Chairman and Chief Executive Officer of UMG, to whom Mr. Hole reports.

Based in London, Mr. Hole is a member of UMG's Executive Board and will be responsible for the company's global operations outside the United States. In addition, Mr. Hole leads UMG's worldwide classical music business, including the iconic Deutsche Grammophon and Decca Classics labels

Lucian Grainge said: "We are strengthening our global management team following the important acquisition of EMI Recorded Music. Max has contributed significantly to the evolution and continued success of our international business. There is no one better to lead our efforts outside the US, where we anticipate significant growth opportunities with the addition of EMI to our existing international portfolio. Max will play an integral role overseeing our future global development."

Mr Hole's enlarged role follows completion of the EMI transaction in 2012.

Max Hole said: "The future for the music industry is looking brighter than it has for some time, and there's no shortage of energy, innovation and creativity in Universal's companies around the world. I'm looking forward to working with new colleagues and artists from EMI, and integrating our two great companies successfully. 2013 will be an exciting year for all of us."

At Universal Music Group International, Mr. Hole is closely involved with the careers of artists from all corners of the world, including Bon Jovi, Juanes, Gotye, Enrique Iglesias, Andrea Bocelli, Milos, Daniel Barenboim, Girls' Generation, Alejandro Sanz, Lionel Richie, Sting and Sa Ding Ding. He has also been instrumental in bringing to Universal Music such stars as Taylor Swift, Queen and the Eagles, and securing the company's partnership with global music TV smash, "The Voice."

Mr. Hole joined UMG as Senior Vice President, Marketing and A&R, in 1998, and later, advanced to Executive VP in 2004. In 2010, he was named Chief Operating Officer of Universal Music Group International. Mr. Hole began his music industry career as an independent artist manager and record producer, before spending 16 years at Warner Music UK.

For further information contact: Caryn Tomlinson, Universal Music Group International Email: Caryn.Tomlinson@umusic.com Tel: +44 (0)20 7471 5665

Richard O'Brien, Universal Music Group International Tel: +44 (0)20 7795 7447