Alain Metternich Named President of D.I Group, the Media Branch of the LVMH Group.

Business Editors

PARIS--(BUSINESS WIRE)--June 30, 2003

LVMH, the world's leading luxury products group, has named Alain Metternich President of Desfosses International (D.I Group - La Tribune, Investir, Radio Classique).

M. Metternich replaces M. Christian Bregou, who leaves D.I Group today by mutual agreement with LVMH, having completed his two year mission in the post.

Mr. Bernard Arnault, Chairman and CEO of LVMH, said: "In a difficult environment for media and in particular for economic and financial titles, Christian Bregou has completed the mission that LVMH asked of him: namely, the rationalisation of the scope of D.I Group, the relaunch of the Connaissance des Arts magazine, and the rejuvenation of the daily national, La Tribune, around its recent redesign."

Alain Metternich is currently President of Investir, which he joined in 1984, and has been President of the SID Editions Group since 1999. He is a director of NMPP (the French cooperative for weekly and periodical publications) and honorary chairman of the union for economic, legal and political media (SPEJP).

D.I Group

D.I Group, formerly Desfosses International, has been a part of the LVMH Group since 1994. Its activities include the written press, with seven main titles (La Tribune, Investir Hebdo, Investir Magazine, Defis, SID Presse, Le Monde de la Musique, Connaissance des Arts), radio with Radio Classique, television production with System TV, an audiovisual press agency, Le Salon des Entrepreneurs, the Internet sector with seven websites, and advertising with the D.I agency, a multimedia agency grouping together all of the D.I Group's brands, but also open to outside editors.