Warner Music Group Files Registration Statement With The Sec For Initial Public Offering

Warner Music Group announced today that its parent company, Warner Music Group Corp., has filed a registration statement with the Securities and Exchange Commission in connection with a proposed initial public offering of its common stock.

Goldman, Sachs & Co. and Morgan Stanley will act as joint global coordinators and, together with Lehman Brothers, Merrill Lynch & Co. and Deutsche Bank Securities, will act as joint book-running managers for the proposed offering. Banc of America Securities LLC and Citigroup will act as joint lead managers.

When available, a copy of the preliminary prospectus relating to this offering may be obtained from: Goldman, Sachs & Co., Prospectus Department, 85 Broad Street, New York, New York 10004 (telephone: 212-902-1171) or Morgan Stanley, Prospectus Department, 1585 Broadway, New York, New York 10036 (telephone: 212-761-4000). The offering will be made only by means of a prospectus.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.