SOURCE: RHJ International SA

October 12, 2006 12:56 ET

Columbia Music Entertainment Inc. Notice of Revised Business Result Forecast

BRUSSELS, BELGIUM -- (MARKET WIRE) -- October 12, 2006 -- RHJ International (the "Company"), a limited liability company organized under the laws of Belgium, having its registered office at Avenue Louise 326, 1050 Brussels, announces that Columbia Music Entertainment Inc. (CME) filed with the Tokyo Stock Exchange on October 4, 2006, a notice of revision of its first-half business result forecast for the fiscal year ending March 31, 2007.

CME is one of the current seven portfolio companies of the Company. CME, established in 1910, is engaged primarily in music production and entertainment in Japan. Music production and entertainment is the production, manufacturing, marketing and distribution of music.

CME is listed on the first section of the Tokyo Stock Exchange under the ticker 6791.

The company currently holds approximately 25.5% of CME issued and outstanding shares (not including the exercise of any stock acquisition rights).

Disclaimer

This announcement does not constitute an offer or invitation to purchase any securities.

Forward-looking statements

The attached announcement contains forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. These statements are based on the current plans, estimates and projections of Columbia Music Entertainment Inc. as well as on its expectations of external conditions and events. Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. Neither the Company nor Columbia Music Entertainment Inc. undertake to update any of the statements in light of new information or future events, except to the extent required by applicable law.


Copyright © Hugin ASA 2006. All rights reserved.

Contact Information

  • For further information, please contact:
    Arnaud Denis
    Investor Relations Manager
    RHJ International
    e-mail: adenis@rhji.com