NOTICE OF REDEMPTION PRICE
CAPITOL RECORDS, INC.
8.375% Guaranteed Notes due 2009
On 17 August 2007, Capitol Records, Inc. (the "Company") announced its
intention to redeem all of its outstanding 8.375% Guaranteed Notes due 2009
(the "Notes") on 17 September 2007 (the "Redemption Date") pursuant to
paragraph 3 of the terms and conditions of the Notes issued pursuant to the
Fiscal and Paying Agency Agreement, dated as of 27 August 1999 (the
"Agreement"), among the Company, as issuer, EMI Group plc, as guarantor (the
"Guarantor"), and The Bank of New York (as successor to JP Morgan Chase), as
fiscal and paying agent, transfer agent and registrar (the "Paying Agent").
The Notes are not registered under the U.S. Securities Act of 1933, as amended,
and are not listed on any stock exchange.
Unless otherwise defined in this notice, terms defined herein have the same
meaning as in the terms and conditions of the Notes.
In accordance with the terms and conditions of the Notes, on 12 September 2007,
the Redemption Price was calculated as follows:
Title of security Treasury Redemption Redemption Price
Rate Yield (per $1,000 principal
due 2009 4.04% 4.24% $1,075.21
On the Redemption Date, the Notes will become due and payable and will be paid
at the Redemption Price plus any accrued and unpaid interest to the Redemption
Date. Unless the Company defaults in paying the Redemption Price to holders of
Notes, interest on such Notes shall cease to accrue on and after the Redemption
Date. Thereupon, the only remaining right of holders of Notes shall be the
receipt of the Redemption Price.
12 September 2007