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2016-01-15

SFX Entertainment Closes $20 Million Financing

inment Closes $20 Million Financing

NEW YORK, 2016-01-15 15:44 CET (GLOBE NEWSWIRE) --
SFX Entertainment, Inc. (NASDAQ:SFXE) (the “Company”) announced that it has
secured $20 million in new financing for itself and certain of its operating
subsidiaries, obtaining capital for its working and general corporate purposes.

Additional details of the above noted transaction will be available in a Form
8-K that the Company will file with the U.S. Securities and Exchange Commission
in the next few days.

About SFX Entertainment

SFX Entertainment, Inc. (NASDAQ:SFXE) is the largest global producer of live
events and digital entertainment content focused exclusively on electronic
music culture (EMC) and other world-class festivals. SFX’s mission is to
provide electronic music fans with the best possible live experiences, music
discovery, media and digital connectivity. SFX was borne out of the technology
revolution and produces and promotes a growing portfolio of live events that
includes leading brands such as Tomorrowland, TomorrowWorld, Mysteryland,
Sensation, Stereosonic, Electric Zoo, Disco Donnie Presents, Life in Color,
Rock in Rio, Nature One, Mayday, Decibel, Q-Dance, Awakenings, and React
Presents, as well as the innovative ticketing services Flavorus and Paylogic.
SFX also owns and operates Beatport, the trusted global home of electronic
music where fans, DJs, and creators connect, discover, and participate in the
evolution of dance music culture.

Forward-looking Statements

This press release contains forward-looking statements regarding our business
strategy and plans, which are subject to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements are only predictions and may differ materially from actual results
due to a variety of factors including: our ability to integrate the companies
we have acquired; our belief that the EMC community will grow; our ability to
increase the number of festivals and events we produce and their attendance;
our ability to pay our debts and meet our liquidity needs; competition; our
ability to manage growth and geographically dispersed operations; and our
ability to grow our online properties. We refer you to the documents we file
from time to time with the U.S. Securities and Exchange Commission,
specifically the section titled “Item 1A. Risk Factors” of our most recent
Annual Report filed on Form 10-K and Quarterly Reports on Form 10-Q and our
Current Reports on Form 8-K, which contain and identify other important factors
that could cause actual results to differ materially from those contained in
our projections or forward-looking statements. In addition, any
forward-looking statements contained herein are based on assumptions that we
believe to be reasonable as of this date. We undertake no obligation to update
these statements as a result of new information or future events, except as
required by law.

Investor Relations Contacts:
Richard Rosenstein
Chief Financial Officer & Chief Administrative Officer
646 561 6400

Jennifer E. Mercer
Epiq Strategic Communications
310 712 6215
jmercer@epiqsystems.com

Media Contact:
DKC Public Relations
Ed Tagliaferri 212 981 5182
edmund_tagliaferri@dkcnews.com

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