$7.7 Million of Omnicom Zero Coupon Zero Yield Convertible Notes Due 2032 Put to Omnicom

NEW YORK, Aug. 5 /PRNewswire-FirstCall/ -- Omnicom Group Inc. (NYSE: OMC) today announced that $7.7 million of its $900.0 million of Zero Coupon Zero Yield Convertible Notes due 2032 had been put to Omnicom for repurchase by the July 31, 2003 put deadline. Holders of the remaining outstanding notes will receive a payment of $7.50 per $1,000 of outstanding notes on August 6, 2003. Omnicom also agreed to extend the no-call period for these notes by two years to July 31, 2009.

Omnicom Group Inc. (http://www.omnicomgroup.com) is a leading global marketing and corporate communications company. Omnicom's branded networks and numerous specialty firms provide advertising, strategic media planning and buying, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 100 countries.

SOURCE Omnicom Group Inc.