WMG’s Warner/Chappell Music Acquires The Rights To Hit Songs Recorded By Ace Of Base, Backstreet Boys, O-Town, And The Waterboys, Among Others.

NEW YORK AND HAMBURG, February 25th, 2002-Warner Music Group (WMG) and edel music AG announced today that WMG has acquired three music publishing companies, Dizzy Heights Music Publishing Ltd., Glissando Music Ltd. and Megasongs Publishing A/S, from edel music AG. Under the agreement, WMG’s Warner/Chappell Music, Inc., one of the world’s leading music publishers, will obtain 100% ownership of the following:

Megasongs Publishing A/S - This Danish company’s catalog includes worldwide hits written by Herbie Crichlow for the Backstreet Boys (including “Show Me The Meaning Of Being Lonely” and “Quit Playing Games (With My Heart)”) and O-Town, as well as the songs of multi-platinum selling group Ace Of Base (including “All That She Wants,” “The Sign” and “Beautiful Life”) among others. Dizzy Heights Music Publishing Ltd. - A UK catalog comprised primarily of popular songs from the 80’s and 90’s that includes the first four albums by the influential rock band The Waterboys who were responsible for the 1985 hit song “Whole of the Moon.” Glissando Music Ltd. - A catalog of UK hits that includes classics by songwriter Chris Andrews (“Long Live Love” and “Girl Don’t Come”).

In making the announcement, Les Bider, chairman and CEO of Warner/Chappell Music, Inc. said, “Within the catalogs of these three companies are some of the major hits and finest songs of the last thirty years. Warner/Chappell Music is uniquely positioned to gain tremendous exposure for these rich catalogs and provide the songwriters with the resources of one of the world’s largest music publishers.

About Warner/Chappell Music, Inc. Warner/Chappell Music, Inc., WMG’s award-winning music publishing company, has a catalog of more than a million copyrights worldwide. These range from standards like “Happy Birthday,” “Rhapsody in Blue,” “Winter Wonderland,” and the ballads of Cole Porter to the contemporary music of Madonna, Radiohead, R.E.M., Elton John, Sheryl Crow, Smash Mouth and others. The company is often a first stop for A&R executives and record, feature film and television producers and others who need to acquire song rights.

About Warner Music Group Warner Music Group is home to some of the world’s leading record companies, including The Atlantic Group, Elektra Entertainment Group, Rhino Entertainment and Warner Bros. Records Inc. The company's Warner Music International, with a roster of more than 1,000 artists, operates in more than 70 countries through various subsidiaries, affiliates and non-affiliated licensees. Warner Music Group also includes one of the world’s leading music publishers, Warner/Chappell, and WEA Inc., which is composed of three companies, WEA Corp., WEA Manufacturing, and Ivy Hill. Warner Music Group is an AOL Time Warner company.