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OZZFEST 2007...FOR FREE

GROUNDBREAKING ANNOUNCEMENT
PULLS PLUG ON TICKET PRICES

\"This will change everybody's impression of the way touring in the summer
in America should be.\"--Sharon Osbourne

Imagine a day of wall-to-wall hard rock.

Imagine the world\'s greatest headliner sharing a bill with cutting edge new
artists.

Imagine if this brass-knuckled beast was hellbent on coming to your town.

Imagine this earth-pounding event...FOR FREE.

2007 will forever mark the year OZZFEST spiked the concert industry\'s punch
and gave every head-banging American kid a reason to strap on an air guitar
with the historic announcement that tickets to the summer's premiere touring
concert festival won\'t cost fans a dime.

Testing one, two, three...

That\'s right, OZZY and SHARON OSBOURNE and tour producer LIVE NATION broke
the news today at the Concert Industry Consortium in Los Angeles that their
12th annual hard rock spectacular--a 25-date extravaganza launching July 7
in Los Angeles--is pulling the plug on ticket prices and giving the power
back to the fans calling this summer's OZZFEST \"FreeFest.\" The other
OZZFEST cities as of now are San Diego, San Francisco, Seattle, Denver,
Albuquerque, Phoenix, Dallas, San Antonio, Kansas City, St Louis, Chicago,
Indianapolis, Columbus, Pittsburgh, New York, Boston, Philadelphia,
Hartford, Charlotte, Atlanta, West Palm Beach, Nashville. Note: a final
confirmed list of cities and dates is forthcoming.

\"For the last few years,\" says SHARON, \"ticket prices have steadily
climbed as artists demand more and more money for summer tours. We certainly
want everybody to make money, however we also want the kids to be able to
afford to come out and have an incredible experience. If we continued with
the traditional touring festival model, we would have no choice but to raise
ticket prices again this year.\"

Cited as "one of rock's biggest juggernauts" in the cover feature of
Sunday\'s New York Times\' "Arts and Leisure" section (6/25/06), OZZFEST and
Live Nation will turn to sponsors to provide added support for the
festival\'s new incarnation. This summer's OZZFEST will provide select
sponsors with a unique opportunity to engage fans one-on-one utilizing one
of music's best known brands.

\"We\'re reaching the same point we did years ago when kids no longer wanted
to pay for overpriced CDs,\" compares Sharon. \"As a result, they found
alternative ways of getting music. That's what's happening with summer
touring in this country, it's out-pricing itself. We started this and we
want to keep it and we want to make it bigger and bigger each year by
getting bigger sponsors to be involved with the festival and underwriting
the festival. That's what it's about.\"

"For the past 11 years, music fans have made OZZFEST the most successful and
enduring rock music festival in the United States," said Jason Garner, Live
Nation President of North American Concerts. "What better way to say 'Thank
You' to the music fans who have made this possible than inviting them to
attend OZZFEST for free."

To gain entry into the event, fans will go to www.ozzfest.com or
www.livenation.com to find links that will direct them to special sponsor
sites where tickets can be secured. More details regarding the process are
forthcoming.

As OZZFEST's founder and namesake, OZZY will make his triumphant return to
the headlining position on this year\'s mainstage after surprising fans last
year by performing on the down-and-dirty second stage at a handful of dates.
Audiences can expect the Prince of Darkness to unveil new songs from his
forthcoming studio album, OZZY's first disc of new material since 2001.
While the rest of the in-progress bill is under wraps, Sharon points out,
\"we have bands committed, but we're hoping that after today\'s announcement
we'll have a whole influx of artists who want to be a part of something this
ground breaking. We know there aren\'t any major headlining acts that would
tour all summer for nothing, but we\'re confident we can turn some of the
genre\'s biggest bands on to what we\'re doing and have them come out to
play a date or two. If they\'re in town and want the rush of performing in
front of 20,000 frenzied kids, they\'re more than welcome to join us. They
can sell their t-shirts, CDs and whatever else they\'ve got. They\'re also
welcome to book their own shows in local venues on the day of OZZFEST. I'm
not stopping them. People have to be creative and think of alternatives.\"

Since 1996, OZZFEST has been a virtual breeding ground for rising bands. The
festival has been instrumental in igniting the careers of platinum-selling
artists like System of a Down, Disturbed, Linkin Park, Incubus, Slipknot,
Queens of the Stoneage and Godsmack. Along with supporting bands on the rise
including Avenged Sevenfold, Mudvayne, Lamb of God, Killswitch Engage and
Lacuna Coli, among others.

"OZZFEST was created to keep this genre of music alive by showcasing new
talent,\" states Sharon. \"You better believe we're going to keep
perpetuating that by hand-picking compelling new bands that are hungry for
OZZFEST\'s career-making exposure.\"

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About Live Nation
Live Nation is the world's leading live music company, annually connecting
more than 60 million fans with their favorite performers at over 30,000
events. We are the largest producer of live concerts in the world, the
second-largest venue management company and have a rapidly growing online
presence. Live Nation creates superior experiences for artists and fans,
regularly producing tours for the biggest superstars in the business,
including The Rolling Stones, Barbra Streisand, Madonna, U2 and Coldplay.
Globally, we own, operate and/or have booking rights for more than 170
venues, including House of Blues-branded music venues and prestigious
locations such as San Francisco's Fillmore Auditorium, Nikon at Jones Beach
in New York and London's Hammersmith Apollo and Wembley Arena. Live Nation's
websites collectively are the second most popular entertainment event
websites in the United States, according to Nielsen//NetRatings.
Headquartered in Los Angeles, California, Live Nation is listed on the New
York Stock Exchange, trading under the symbol "LYV." For more information
regarding concerts near you, Live Nation and its businesses, please visit
our website at www.LiveNation.com.