WHAT IS VITAMINIC? Vitaminic is Europe's leading online music community, with a network of local language web sites in Italy, France, UK, Spain, Germany, Holland and Sweden, and now the USA. Vitaminic is the first and largest pan-European digital distributor of music, and boasts the largest database of legal MP3 files in all of Europe. Vitaminic is getting ready for an IPO to be launched later this year, thanks to Hambrecht & Quist and Chase Capital's recent infusion of $US 20 million.

WHAT IS VITAMINIC'S VALUE PROPOSITION? Vitaminic's commitment to quality: q Providing a secure way online for record labels and featured artists to sell their music digitally in Europe and worldwide. q Providing the most versatile promotional platforms online for all genres of music across Europe. Vitaminic works with the traditional music distribution and retail players in each territory, selling and promoting music on the World Wide Web in each country's local language, and celebrating the recognized Vitaminic brand Europe-wide.

HOW DOES THIS WORK? Vitaminic works with independent artists and more than 50 major and independent labels across Europe. Each label or artist has access to their own Vitaminic homepage, where they individually set their price for each track and monitor all streaming activity and sales information in real time, via the World Wide Web. Their personalized page on the Vitaminic site can be used for a variety of promotional activities, independently of or in conjunction with the Vitaminic site. From the Vitaminic homepage, surfers can search by genre, artist, or label to find the tracks they want to listen to or buy from more than 20,000 tracks covering more than 250 genres of music � from ambient to reggae, classical to zombie rock.

WHAT DOES THE VITAMINIC PLAN PROVIDE? Musicians and record labels have ready access to all of the tools they'll need - thanks to the Vitaminic network in Europe -- to quickly and securely promote and sell their own music online. In just a few minutes' time, record labels and artists can register online at Vitaminic's Backstage, create their own homepages, and begin to distribute and sell their own music throughout the entire world � directly from their own computers. The Vitaminic Plan is both innovative and simple: the artist can take advantage of a free promotional channel, without any restrictions, as the distribution contract with Vitaminic is not exclusive. The revenues generated by the sales of tracks are always split 50/50 between the artist or record label and Vitaminic. They can also take advantage of the Vitaminic international presence by developing virtual focus groups online. For more information on Vitaminic USA, please contact Gianluca Grechi at www.vitaminic.com

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3i operates through a rapidly expanding network of over 30 offices in Asia-Pacific, Europe and the USA. This allows 3i US to leverage the group's understanding of a broad number of markets as well as the issues concerning competitive developments globally.

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