TIDMHMV

RNS Number : 5776S

HMV Group PLC

03 December 2012

HMV GROUP PLC

3 December 2012

Sale of MAMA Group Limited

HMV Group plc today announces the sale of MAMA Group Limited and its subsidiaries and its separately held interest in 50% of Mean Fiddler Group Limited ("MAMA") to Juno Newco Limited, a wholly owned subsidiary of Lloyds Development Capital Limited. The sale of MAMA does not include the sale of G-A-Y Group Limited and Heaven (London) Limited, which will be the subject of a separate transaction, discussions for which are ongoing.

The net cash consideration for the sale of MAMA is GBP7.3m of which GBP3.5m will be deferred for 12months. The proceeds of sale will be used to reduce the Company's debt. This sale is a further step in the disposal of the HMV Live Business and follows the disposal earlier this year of the Hammersmith Apollo.

Enquiries:

Brunswick: Mike Smith 020 7404 5959

This information is provided by RNS

The company news service from the London Stock Exchange

END

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