Chrysalis Group PLC is an independent music company. The Company’s principal areas of business include Chrysalis Music Publishing, Chrysalis Non-Music Publishing and Lasgo Chrysalis. Chrysalis Music Publishing includes the international network of music publishing companies, whose purposes it is to grow Chrysalis’ catalogue of music copyrights. Chrysalis Non-Music Publishing includes The Echo Label, a copyright exploitation company; Chrysalis Copyrights, the owner of certain master recordings, and Flatiron, an artist management company. Lasgo Chrysalis is a wholesale entertainment product distribution business, which serves both domestic and overseas, wholesale, retail, and online markets. The Company’s subsidiaries include Chrysalis Investments Limited, Chrysalis Copyrights Limited, Chrysalis Music Limited, The Echo Label Limited and Chrysalis Songs Limited, among others. On July 31, 2007, the Company sold its radio business to Global Radio (UK) Limited.