Jill S. Krutick Named Senior Vice President, Investor Relations & Corporate Development, At Warner Music Group

Warner Music Group (WMG) today announced Jill S. Krutick has joined the company as Senior Vice President, Investor Relations and Corporate Development. Krutick will report to Michael D. Fleisher, WMG's Executive Vice President and Chief Financial Officer. She will be based in New York.

For the past 10 years, Krutick was a Managing Director of U.S. Equity Research of Citigroup's Smith Barney where she covered the Entertainment and Leisure Industries. Krutick has 18 years of experience in equity research and financial analysis.

"For almost two decades, Jill has been a highly regarded stock analyst with a tremendous depth of knowledge about the world's largest media and leisure companies and the institutional investors who invest in them," said Fleisher. "Jill is an exceptionally talented individual with the perfect combination of financial and media/entertainment expertise to represent Warner Music Group to the financial and investment community."

"I couldn't be more excited about joining Warner Music Group," said Krutick. "This is an incredibly dynamic time for the music industry, and I'm looking forward to leveraging my financial markets experience to help tell the Warner Music Group story to investors and to pursue corporate development opportunities for the company."

For many years, Krutick was selected to the Institutional Investor "All-Star Analyst Team." Both Institutional Investor and The Wall Street Journal have recognized her for her stock selection and research ability. In 2001, Fortune magazine named Krutick their top "Entertainment Analyst."

Before joining Smith Barney, Krutick was a Vice President in U.S. Equity Research at Salomon Brothers Inc. Krutick earned her B.S. degree at the University of Pennsylvania's Wharton School and her M.B.A. degree at New York University's Stern School of Business.

About Warner Music Group

Warner Music Group, with its broad roster of new stars and legendary artists, is one of the world's major music companies. The company is home to a collection of some of the best-known record labels in the music industry including Atlantic, Bad Boy, Elektra, Lava, Maverick, Nonesuch, Reprise, Rhino, Sire, Warner Bros. and Word. Warner Music International, a leading company in national and international repertoire operates through 37 affiliates and numerous licensees in more than 50 countries. Warner Music Group also includes Warner/Chappell Music, a global music publisher, with a catalog of more than one million copyrights worldwide. For more information about Warner Music Group, visit our corporate website at www.wmg.com.