The Seagram Company Ltd. (NYSE: VO) today announced several Corporate Finance appointments, effective September 1, 2000.
Frank Mergenthaler has been appointed Senior Vice President of Finance and Chief Accounting Officer, overseeing the Controller and Accounting functions.

In making the announcement, Seagram's Executive Vice President and Chief Financial Officer Brian Mulligan said: "In addition to his current responsibilities, Frank will represent Seagram as a co-leader of the Vivendi Universal Finance and Reporting integration team. His leadership skills and vast experience in the finance and accounting areas will enable him to take on this important assignment in order to ensure a smooth integration of the finance functions." Mr. Mergenthaler's team is part of an integration committee that was created to identify and implement all synergies in the content and distribution assets of the proposed business combination among Vivendi, Seagram and Canal+.

Mr. Mergenthaler was appointed Vice President, Controller and Chief Accounting Officer earlier this year, having been named Vice President and Controller in 1997. He joined Seagram in 1996 as Assistant Treasurer, International, after serving as a partner with PricewaterhouseCoopers. -more-

John Preston has been appointed Senior Vice President of Treasury and Strategic Planning. Mr. Preston will continue his responsibilities for Treasury and Risk Management, while playing a key role in the sale process of Seagram's spirits and wine businesses. On June 20, 2000, Seagram announced these businesses are non-strategic assets of the new Vivendi Universal.

In making the announcement, Mr. Mulligan said: "John has a wealth of finance experience as a 19-year veteran of the company. He will bring additional focus and leadership to the company with his new responsibilities."

Mr. Preston has served as Vice President and Treasurer of The Seagram Company Ltd. since 1998, focusing on managing the financing of the Company's investments, cash flows, and foreign exchange. During his career at Seagram, he has had assignments in a variety of financial management positions in corporate functions and beverage operations. For two years, he served in leadership roles in financial reengineering initiatives and the integration of Seagram and Universal (then MCA) corporate functions.

Both Mr. Mergenthaler and Mr. Preston will continue to report to Mr. Mulligan.

Mr. Mulligan announced the promotion of Mike Short to Chief Financial Officer of Universal Orlando. "Mike's expertise and leadership skills in his position as Vice President of the strategic planning function at Seagram have been invaluable. His corporate experience, coupled with his previous assignment at Universal, make him ideal for the new CFO position at Universal Orlando."

Mr. Short has served as Seagram's Vice President of Strategic Planning and Mergers & Acquisitions since November 1998. Previously, he served as Vice President of Financial Planning and Analysis for Universal Studios Escape and as Director, Corporate Strategic Planning for Joseph E. Seagram & Sons, Inc.