Avex Concludes Agreement on ORS Limited Liability Partnership

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http://www.avex.co.jp/e_site/press/2009/081106.pdf
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November 6, 2008
Avex Group Holdings Inc. announces that its wholly owned subsidiary Avex Entertainment Inc. and Oorong RecordsInc. today concluded an agreement to jointly form a limited liability partnership (LLP), under which the two parties willcooperate mainly in artist management, music (visual content) production, promotions, artist development, and otherareas. AEI will establish Avex Management Inc. in January 2009 through a demerger (incorporation-type companysplit), and the new company will take over as partner under the LLP. Details are as follows.

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