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EMI Group PLC (EMI)

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Thursday 11 April, 2002

EMI Group PLC

Statement re HMV Group Plc

EMI Group PLC
11 April 2002

       EMI COMMENTS ON HMV GROUP PLC'S ANNOUNCEMENT OF INTENTION TO FLOAT

LONDON: 11 April 2002 HMV Group plc ("HMV"), in which EMI Group plc has a 42.65%
equity stake today announced its intention to float, subject to market
conditions, before the end of June 2002. EMI will realise a proportion of its
stake on flotation.

Eric Nicoli, Chairman of EMI Group plc, said "We welcome HMV's announcement of
its intention to float, which ties in with EMI's long-stated aims of maximising
the value for our shareholders in this investment. We believe that HMV has an
excellent business and strong growth prospects, and expect to continue as a
significant shareholder in HMV following the flotation."

Enquiries:

EMI Group plc
Amanda Conroy              SVP, Corporate Communications           020 7667 3216
Siobhan Turner             Director, Investor Relations            020 7667 3234

Brunswick Group Limited
Patrick Handley                                                    020 7404 5959



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