Changes at Asylum

April 3, 1998

The Elektra Entertainment Group announced today that Joe Mansfield and Kyle Lehning, Co-President/CEO and Co-President of Asylum Records, respectively, are leaving Asylum to pursue other interests. "Joe and Kyle both have contributed greatly to the rebirth of Asylum," stated Sylvia Rhone, Chairman and CEO of Elektra Records. "Their expertise and leadership were instrumental in re-establishing an Elektra presence in Nashville. The entire Elektra family wishes them well in all future endeavors."

Mr. Lehning was appointed President of Asylum in 1993. Mr. Mansfield was appointed Co-President and CEO in 1996. Ms. Rhone indicated an announcement would be forthcoming in the near future with regard to a new management team for Asylum Records.

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