EMI Group plc entering into non-exclusive discussions with AOL Time Warner inc.
LONDON, 22nd September 2003: In view of speculation in the weekend press, EMI
Group plc announces that it has now entered non-exclusive discussions with AOL
Time Warner Inc. with regard to a possible transaction involving the recorded
music division of the Warner Music Group. Discussions are at a very preliminary
stage and there is no assurance that they will result in an agreement
acceptable to both parties. Any potential transaction would be subject to
shareholder and regulatory approval.
For further information contact:
Amanda Conroy SVP, Corporate Communications +44 (0)20 7795 7529
Claudia Palmer Head of Investor Relations +44 (0)20 7795 7635