Nov 7, 2013

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FOR IMMEDIATE RELEASE

AEG Announces Management Restructure at AEG Live

Los Angeles, California (November 25, 2013) –AEG has ended its relationship with Randy Phillips, the CEO of AEG Live, and is restructuring the management of that live entertainment subsidiary it was announced today by the organization.

Jay Marciano, Chief Operating Officer of AEG, has been appointed Chairman of AEG Live and will assume a more active role in the management of that division, overseeing an LA-based executive team led by Paul Tollett, John Meglen, Shawn Trell and Rick Mueller.

“Jay is a highly respected veteran of the live entertainment business,” said Dan Beckerman, President & CEO, AEG. “With his increased involvement in the management of AEG Live as its Chairman, and with the wealth of experience and expertise found among the rest of the AEG Live executive team, there is no limit to what this group can accomplish."

“Throughout the last decade, AEG Live has become one of the world’s most successful, respected and dynamic live music companies,” said Marciano. “I look forward to my greater involvement with the enormously talented AEG Live Team in continuing to invest and grow one of AEG's most important divisions.”

Tollett has been named CEO and President of Goldenvoice and will have a broader role in the management of AEG Live’s business as a newly appointed member of the company’s board.

Meglen, who has been co-CEO of Concerts West since AEG entered the concert promotion business in 2000 through an acquisition of that boutique touring firm, will assume the role of President of Global Touring for AEG Live.

Trell has been promoted to the role of Chief Operating Officer, AEG Live, taking over for Tom Miserendino who recently relocated to London to assume the role of President and CEO, AEG Europe. Trell has served as Sr. Vice President and General Counsel, AEG Live for over a decade.

Mueller, a highly-respected live entertainment executive with more than 20 years of experience as a concert promoter prior to joining AEG Live in 2011, has been promoted to the position of President, AEG Live North America.

About AEG:

AEG is one of the leading sports and entertainment presenters in the world. AEG, a wholly owned subsidiary of the Anschutz Company, owns or is affiliated with a collection of companies including over 100 of the world’s preeminent facilities such as STAPLES Center (Los Angeles, CA), StubHub Center (Carson, CA), Best Buy Theater (Times Square, New York), Sprint Center, (Kansas City), Target Center (Minneapolis, MN), Mercedes-Benz Arena (Shanghai, China), MasterCard Center (Beijing, China, Allphones Arena (Sydney, Australia), Stockholm Globe Arenas (Stockholm, Sweden), O2 World arena (Berlin, Germany), O2 World Hamburg, Indigo2 and The O2 arena and entertainment district (London, England) which are all part of the portfolio of AEG Facilities. Developed by AEG, L.A. LIVE is a 4 million square foot / multi-million dollar downtown Los Angeles sports, residential & entertainment district featuring Nokia Theatre L.A. LIVE and Club Nokia, a 54-story, 1001-room convention "headquarters" destination along with entertainment, restaurant and office space that “officially” opened in 2010. In addition to overseeing privately held management shares of the Los Angeles Lakers (NBA), assets of AEG Sports include franchises and properties such as the Los Angeles Kings (NHL), Los Angeles Galaxy and Houston Dynamo (MLS), two hockey franchises in Europe and the Amgen Tour of California cycling race. AEG Live, the company’s live-entertainment division, is the world’s second largest concert promotion and touring companies and is comprised of touring, festival, exhibition, broadcast, merchandise and special event divisions with fifteen regional offices. AEG Global Partnerships, a division responsible for worldwide sales and servicing of sponsorships naming rights and other strategic partnerships and AEG Merchandising, a multi-faceted merchandising company are also core business units of AEG. In 2010, AEG launched its AEG 1EARTH environmental program with the announcement of 2020 environmental goals and the release of the industry's first sustainability report while in 2011, AEG introduced AXS Ticketing, the first phase of its new entertainment platform serving as the company’s primary consumer brand. For additional information: www.aegworldwide.com

About AEG Live:

AEG Live, the live-entertainment division of Los Angeles-based AEG, is dedicated to all aspects of live contemporary music performance. AEG Live is comprised of touring, festival, broadcast, merchandise and special event divisions, fifteen regional offices and owns, operates or exclusively books thirty-five state-of-the-art venues. The current and recent concert tour roster includes artists such as Alicia Keys, Bruno Mars, Bon Jovi, Carrie Underwood, Cher, Daughtry, Enrique Iglesias, J Cole, Jennifer Lopez, Justin Bieber, Kanye West, Kenny Chesney, Leonard Cohen, Paul McCartney, Taylor Swift, The WHO, Trey Songz and Juanes. The company is also currently producing residency shows at The Colosseum at Caesars Palace in Las Vegas including Celine Dion, Rod Stewart and Shania Twain and is the exclusive promoter at The Joint at Hard Rock Hotel & Casino Las Vegas. AEG Live is also the largest producer of music festivals in North America from the critically acclaimed Coachella Valley Music & Arts Festival to Stagecoach Country Music Festival and New Orleans Jazz & Heritage Festival. www.aeglive.com

Contact:

Michael Roth

Vice President, Communications, AEG

(213) 742-7155

[email protected]