Omnicom Reaffirms Absence of Corporate Developments; Conference Call Later Today

NEW YORK, June 12 /PRNewswire-FirstCall/ -- In respect to inquiries, Omnicom Group Inc. (NYSE: OMC) reaffirmed that it was aware of no corporate developments that would account for the recent activity in its stock.

Omnicom said that it disagrees with the content and is disappointed by the tone of today's Wall Street Journal article about it and, as previously reported, will host a conference call to discuss the matter at 1:30 P.M. Eastern Time today, June 12, 2002. The call will be simulcast and archived on the Internet at . The dial-in number for the conference call is 1-800-288-8975, the international call-in number is 612-332-0530.

Omnicom Group Inc. (NYSE: OMC) ( ) 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.
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CONTACT: Randall Weisenburger of Omnicom Group Inc., +1-212-415-3393