Hicks Muse (Europe) spins out from Hicks, Muse, Tate & Furst

Hicks Muse (Europe) confirms that it has completed its formal separation from Hicks, Muse, Tate & Furst Inc based in the US. Hicks Muse (Europe) is now an independent private equity firm with no ongoing affiliation with Hicks, Muse, Tate & Furst. In due course, Hicks Muse (Europe) will be renamed. Hicks Muse (Europe) is wholly-owned by its European-based partners and will continue to be headed by Lyndon Lea. Although John Muse will continue to oversee Hicks, Muse, Tate & Furst from Dallas, he has agreed to remain attached to Hicks Muse (Europe), in his personal capacity, as its non-executive chairman. The process of separating the European and US businesses of Hicks Muse has been ongoing during much of 2004 and, therefore, the completion of this process will have no significant impact on the operations of either the European or US businesses.

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