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LONDON, 8 OCTOBER 2012 - Leading music subscription service Deezer announced that it has raised new investment in the company totaling $130 million. The investment validates its business success and makes Access Industries a cornerstone investor in the company. Launched as the first software-free music subscription service, Deezer has grown to offer a choice of 20 million tracks and has attracted 7 million active monthly users who have produced 100 million playlists. Deezer intends to reveal its vision of the future of music and how it will use the substantial new investment to achieve it - from geographical roll out to product updates - at a specially organised press conference at Abbey Road Studios in London at 9am on Wednesday 10th October. Deezer CEO Axel Dauchez commented, One year ago, we launched Deezer worldwide. We now operate across every continent and have 2 million paid subscribers. To use a rugby analogy, weve done all the hard yards in the space of a year; with this $130M investment we are converting the try. Were very pleased to receive this endorsement from an investor of Access stature. They are knowledgeable and active in the media space and their entrepreneurial spirit is very close to who we are. With such a partner, our proven growth and our track record in profitability, Deezer is on the right track to becoming the leading digital music service worldwide and representing 5% of the music market by 2016. Len Blavatnik, Chairman and founder of Access Industries, commented, Access Industries is delighted to have the opportunity to invest in Deezer, a state of the art music subscription service with enormous potential. Deezer has been profitable since 2010 thanks to its dual approach to attracting music fans from around the world, both directly through its partnership with Facebook, and indirectly through major partnerships with local telecommunications providers such as Orange, Deutsche

Page 2 Telekom, Telenor, Millicom and Belgacom. Deezers sustainability is also the result of a strategy focused on growing markets rather than targeting the US where the competition intensity significantly increases customer acquisition costs. Finally, Deezers profitable revenue model is the result of long and patient work with both the record labels and the artists themselves to create an offer built to their needs, particularly addressing their aims in term of editorial recommendation and expansion into new markets. Deezer CEO Axel Dauchez added, We dont believe in gambling on the future of music. Both the recovery and the future growth of the music business require companies like Deezer to develop profitable, long-term business models that deliver for all industry players - from authors and artists to digital distributors. Specifically, the industry needs pure player distributors to ensure its future independence. Hence, we have always prioritised a sustainable approach within the race to take digital music global. This is a key reason why Access Industries has chosen to invest in Deezer." - End -

Notes to editors:
Live or signed telco deals include: Orange (France, United Kingdom Poland, Ivory Coast, Mauritius, Romania), Everything Everywhere (United Kingdom), T-Mobile (United Kingdom, the Netherlands, Austria), Belgacom (Belgium, Luxembourg), Telenor (Hungary, Montenegro, Thailand), Millicom (Honduras) For further information or to request an interview, please contact: Rina Ferris / Kristyn Brennan Ferris Davies PRM - Phone: +61 (0)2 9555 5807 / About Deezer Deezer delivers an exciting, broad and truly global music experience to more than 26 million music fans. With 2 million subscribers, more than 1 million Facebook fans and more than 100 million shareable playlists, Deezer allows fans to enjoy music unconstrained by any of the barriers of the past, providing unlimited access to a catalogue of 20 million tracks, instantly available on any device - smartphone, laptop, tablet, home speakers, car, or work PC. Deezers mantra is music discovery, helping fans rediscover the joy of finding and sharing fantastic new music through specially selected editorial recommendations for every single market in which it is present. With an international partnership with Facebook and strategic telecoms partnerships with Orange, Everything Everywhere and Telenor, amongst many others, Deezer is committed to bringing music to new audiences worldwide. Discover Deezer Twitter: DeezerWorld

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