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Michael Jackson is pleased to announce that he has restructured his finances with the assistance of Sony Corporation of America, the long time co-owner of Sony/ATV Music Publishing LLC. Following negotiations with several leading financial institutions, Mr. Jackson has concluded refinancing with affiliates of Fortress Investment Group, the lender that currently holds secured debts that were previously held by Bank of America. Citigroup structured the transaction for the parties. The terms of this new financing deal will not be disclosed.

Mr. Jackson was supported on the refinancing by an advisory team that included Bahrain-based financial advisor Ahmed Al Khan and Qays H. Zubi Attorneys & Legal Consultants.