RNS Number:1037L
Scottish Radio Holdings PLC
15 May 2003

                                                                     15 May 2003


                         SRH SIGNS MAJOR RECORD DEAL


Scottish Radio Holding (SRH) has signed a ground breaking recording deal with
Universal Music Group (one of the worldwide big five record companies). The
agreement provides for a flow of new releases from the SRH archives from some of
the world's top recording artists of the last 25 years.

The arrangement gives Universal access, under licence, to the massive 'live'
concert and studio recordings built up by SRH radio stations over the years and
which continue to be added to. These totally unique recordings were usually only
broadcast once or twice within a radio marketplace and then left to gather dust.

Now, with the agreement of the artists and record labels concerned, the record
buying public can finally have access to, what many believe to be, the largest
and richest archive of such material outside the BBC.

The archive contains more than 600 recordings featuring artists such as U2, Rod
Stewart, Roxy Music, Elvis Costello, Madness, Thin Lizzy, the Average White Band
and Simple Minds. SRH has formed River Records, through which to channel these
recordings and release records under its own label on occasion. Jimmy Devlin,
the ex Managing Director of Polygram Records will head up the operation under
the Chairmanship of SRH Chief Executive, Richard Findlay.


Richard Findlay commented "This is an amazing archive of very high quality which
we are enhancing by conversion into digital format. The artists we have been in
touch with so far share our enthusiasm and with the support of Universal, whose
labels represent a large part of the archive, we believe something of
considerable importance can be created. Discussions with other record companies
who had artists on their roster at the time recordings were made will follow as
appropriate."


Jimmy Devlin said: "This archive presents an incredible opportunity bringing to
the public many historically important performances. Featuring some of the
worlds most important international artists, recorded at the height of their
touring careers, each album will be a truly unique moment in time. I'm
particularly pleased to be working with Lucian Grainge, Nigel Haywood and the
team at Universal Music who have shown tremendous enthusiasm and support for
this exciting project."


Nigel Haywood, UK Commercial Director of Universal Music Group, said: "Having
the opportunity to release so many classic recordings from so many talented
artists is a genuine privilege. In many cases these recordings have been unknown
to fans, music retailers and music lovers. Consequently, their "resurrection
from the vaults of time' will be eagerly anticipated by all".



For further information please contact:

Scottish Radio Holdings plc
Richard Findlay, Group Chief Executive               tel: 0141 565 2202

Gavin Anderson & Company                             tel: 020 7554 1400
Byron Ousey



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