Net4Music Raises $16 Million With Completion of Third Round of Financing.

Business & High Tech Editors

NEW YORK--(BUSINESS WIRE)--June 6, 2000

Rothschild Asset Management Heads Team of Investors to Accelerate

Growth of Leading Musician's Portal

Net4Music (www.net4music.com), the premier portal for musicians, today announced the close of its third round of financing, raising a total of $16 million. Much of this financing will be dedicated to the acquisition of new technology, web site development, data entry financing, and marketing designed to enhance Net4Music's existing competitive advantage. With this round of venture financing, the company has accrued over $27 million of equity in the last twelve months.

The $16 million in financing was led by Rothschild Asset Management and includes investments from BancBoston Capital, Turenne Capital Partenaires, EDB Venture, Mitsubishi Corporation  (UK) Plc, MC ITE (Europe) Ltd (a subsidiary of Mitsubishi Corporation, IT & Electronics Business Group), Mitiska Net Fund Europe, Genevest and private investors. Re-investors included Viventures, venture capital investment funds managed by SGAM, PLS Venture Capital Partners and Robertsau Investissement.

"We are extremely pleased with the rapid, yet thoughtful growth of Net4Music since our launch," said Francois Duliege, CEO of Net4Music. "Our success in financing is indicative of this growth and our ongoing commitment to our customers and partners. We will use this venture financing to capitalize on our market position and to continue empowering musicians around the world."

"Net4Music has integrated technology to reinvent the distribution of the one billion dollar sheet music industry," said Pierre Yves Poirier of Rothschild Asset Management. "From security to distribution, we are very confident in the company's business plan and look forward to watching the viable impact Net4Music is having on the music and publishing communities."

Some of Net4Music's accomplishments to date include:

- A pact with EMI Music Publishing in which Net4Music is responsible for the
digital creation, licensing, and distribution of EMI's 1 million digital sheet
music titles.

- Additional publisher and retail partnerships include the Lorenz Corporation,
Informusique, Music 123, and others.

- Net4Music currently possesses over 60,000 digital sheet music titles in its
expansive catalog including pop, rock, jazz, classical, and other genres.

- The company is a completely international firm with a web site available in
five different languages and capable of payment in 22 currencies of exchange.

About Net4Music

Net4Music is a company for musicians, by musicians. Using Internet technology, Net4Music has revolutionized the distribution of sheet music by licensing the digital distribution rights to the world's largest catalog of titles from all music genres and offering secure downloads of this sheet music. Net4Music's innovative services empower the music end user by providing musicians and composers with immediate access to one of the largest collections of musical scores along with unparalleled copyright protection for music publishing. Through Net4Music's web site, musicians can reference and download sheet music for faster, easier and safer distribution than was previously possible. With its cutting-edge services and growing number of strategic partnerships, Net4Music is fast becoming the premier online portal for musicians.