Live Nation to Manage London's Celebrated Wembley Arena

Live Entertainment Leader Inks 15-Year Deal to Run and Promote Magnificently

Restored and Iconic Venue

LOS ANGELES, Jan. 25 /PRNewswire-FirstCall/ -- Live Nation (NYSE:
LYV), a leading live content and distribution company, today announced
a 15-year agreement to manage and promote the world famous Wembley
Arena in London. Live Nation subsidiary, Hamsard, brokered the deal
with developer Wembley London Limited, a subsidiary of Quintain
Estates and Development PLC, and coincides with the Arena's extensive
$60 million refurbishment, restoring it to the pinnacle of venues.
Wembley Arena will re-open in April 2006.

"Wembley Arena is one of the great icons of live entertainment," said
Michael Rapino, CEO of Live Nation. "We're thrilled to add Wembley
Arena to our roster of globally operated venues and know that we can
continue to keep the brand of this magnificently restored venue in the
highest light."

Wembley Arena plays host to more than 200 international concerts and
events each year many of which are promoted by Live Nation.

About Live Nation

Live Nation is a leading live content and distribution company focused
on creating superior experiences for artists, performers, corporations
and fans. Live Nation owns, operates or has booking rights for 150
venues worldwide and promoted or produced over 20,000 events in 2005.
Live Nation is headquartered in Los Angeles, California. Live Nation
is listed on the New York Stock Exchange, trading under the symbol
"LYV". More information about Live Nation and its businesses is
available at http://www.LiveNation.com .

About Quintain

Quintain Estates and Development PLC is a leading property investment
and development company specialising in strategic property
acquisition, redevelopment and asset management across the UK. It is
currently leading the regeneration of Wembley, with permission for a
1.3bn pounds Sterling transformation of the land surrounding Wembley
stadium. With Partners Lend Lease, Quintain is also leading the 5bn
pounds regeneration of the Greenwich Peninsula. The company is listed
in the FTSE 250. http://www.quintain-estates.com SOURCE Live Nation