Omnicom Amends Redemption Provisions for Liquid Yield Option(TM) Notes Due 2031 and Zero Coupon Zero Yield Convertible Notes Due 2032

NEW YORK, July 14 /PRNewswire-FirstCall/ -- Omnicom Group Inc. (NYSE: OMC) announced today that it has amended the provisions of its Liquid Yield Option(TM) Notes due 2031 (the "2031 Notes") and its Zero Coupon Zero Yield Convertible Notes due 2032 (the "2032 Notes") to limit when Omnicom can exercise its redemption option.

Omnicom had the right to redeem the 2031 Notes beginning on February 7, 2009 and any time thereafter. The amendment permits Omnicom to redeem the 2031 Notes only on the following dates between 2009 and 2014: February 9, 2009, February 1, 2010, February 1, 2011, February 1, 2012 and February 1, 2013. On or after February 7, 2014, Omnicom will revert back to its right to redeem the 2031 Notes at any time.

Omnicom had the right to redeem the 2032 Notes beginning on July 31, 2009 and any time thereafter. The amendment permits Omnicom to redeem the 2032 Notes only on the following dates between 2009 and 2014: July 31, 2009, August 2, 2010, August 1, 2011, July 31, 2012 and July 31, 2013. On or after July 31, 2014, Omnicom will revert back to its right to redeem the 2032 Notes at any time.

Under the terms of the indentures governing the 2031 Notes and the 2032 Notes, Omnicom will notify holders at least 30 days prior to any redemption. The effect of the amendments during the five-year period from 2009 to 2014 will be to permit Noteholders to know with certainty whether Omnicom intends to redeem the 2031 Notes or 2032 Notes before deciding whether to exercise their right to require Omnicom to repurchase their notes.

Omnicom Group Inc. (NYSE: OMC) (www.omnicomgroup.com). Omnicom is a leading global advertising, marketing and corporate communications company. Omnicom's branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive marketing, 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.
    -0-                             07/14/2008
    /CONTACT:  Randall Weisenburger of Omnicom Group Inc., +1-212-415-3393/
    /Web site:  http://www.omnicomgroup.com /
    (OMC)

CO:  Omnicom Group Inc.
ST:  New York
IN:  ADV
SU:

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3172 07/14/2008 17:16 EDT http://www.prnewswire.com

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