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USA: Seagram Announces Additional Finance Appointments

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Joseph E. Seagram and Sons, Inc., a U.S. subsidiary of The Seagram Company Ltd. (NYSE:VO), today announced two additional Corporate Finance appointments, both effective September 1, 2000.

Maureen Hannan has been appointed Vice President of Strategic Planning and Mergers & Acquisitions, reporting to John Preston, Senior Vice President of Treasury and Strategic Planning. John Luczycki has been appointed Vice President and Controller, reporting to Frank Mergenthaler, Senior Vice President of Finance and Chief Accounting Officer.

Maureen Hannan has served as Assistant Controller since 1998. Previously, Ms. Hannan held a number of financial management positions, including Assistant Treasurer, Senior Director of Corporate Planning and Business Development and Senior Director of Investor Relations.

In announcing her new appointment, Seagram's Executive Vice President and Chief Financial Officer Brian Mulligan said: "Throughout her 17-year career with Seagram, Maureen has brought exceptional skill and experience to the company. Her breadth of knowledge and expertise has proven an invaluable asset."

John Luczycki joined Seagram in March 1999 when he was appointed Assistant Controller, with responsibility for all external financial reporting. Previously, Mr. Luczycki spent 12 years at PricewaterhouseCoopers.

In announcing his new appointment, Mr. Mulligan said: "John brings to his new role a superb combination of experience, leadership and professionalism. His outstanding qualities will continue to benefit the company in fundamental ways."

Editor's Note: The Seagram Company Ltd., headquartered in Montreal, operates in four global business segments: Music, Filmed Entertainment, Recreation and Other, and Spirits and Wine. Universal Music Group, the world's largest recorded music company, produces, markets and distributes recorded music throughout the world in all major genres, and it is engaged in music publishing. The Company's Filmed Entertainment business produces and distributes motion picture, television and home video products worldwide; operates and has ownership in a number of international cable channels; and engages in the licensing of merchandising rights and film property rights. The Recreation and Other business operates theme parks and retail stores. It is also involved in the development of entertainment software. The Spirits and Wine business is engaged principally in the production and marketing of distilled spirits, wines, coolers, beers and mixers throughout more than 190 countries and territories. The Company's corporate website is located at www.seagram.com.

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