April 29 (Reuters) - Blackstone:

* BLACKSTONE: BIDCO AND HIPGNOSIS SONGS REACHED AGREEMENT ON

TERMS

AND CONDITIONS OF A RECOMMENDED CASH ACQUISITION

* BLACKSTONE- PROPOSED DEAL FOR EACH HIPGNOSIS SHARE: $1.30

IN

CASH

* BLACKSTONE: HIPGNOSIS DIRECTORS INTEND TO RECOMMEND

UNANIMOUSLY

SHAREHOLDERS ACCEPT OR PROCURE ACCEPTANCE OF OFFER

* BLACKSTONE: HIPGNOSIS DIRECTORS DECIDED UNANIMOUSLY TO

WITHDRAW

RECOMMENDATION OF CONCORD REVISED OFFER

* BLACKSTONE: ACQUISITION VALUES HIPGNOSIS' ENTIRE ISSUED,

AND TO

BE ISSUED, ORDINARY SHARE CAPITAL AT APPROXIMATELY $1,572

MILLION

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