Press Release

NEW YORK--(BUSINESS WIRE)-- Viacom Inc. (NASDAQ:VIAB)(NASDAQ:VIA) today announced that it would redeem all of its outstanding 4.375% Senior Notes due September 15, 2014 (the "2014 Senior Notes") on April 3, 2014, the redemption date.

The redemption price for the 2014 Senior Notes is equal to the sum of the principal amount of the 2014 Senior Notes outstanding, the make-whole amount calculated in accordance with the terms of the 2014 Senior Notes and the related indenture under which the 2014 Senior Notes were issued, and the accrued and unpaid interest on the 2014 Senior Notes up to, but not including, the redemption date of April 3, 2014. The aggregate principal amount of the 2014 Senior Notes outstanding is $600,000,000.

Holders owning 2014 Senior Notes (CUSIP No. 92553PAE2) through a broker, bank or other nominee should contact that party for information. For more information, 2014 Senior Note holders may call the Bondholder Relations Department of BNY Mellon, the trustee and paying agent for the 2014 Senior Notes, at 1-800-254-2826.

About Viacom

Viacom is home to premier global media brands that create compelling television programs, motion pictures, short-form video, apps, games, consumer products, social media and other entertainment content for audiences in more than 160 countries and territories. Viacom's media networks, including MTV, VH1, CMT, Logo, BET, CENTRIC, Nickelodeon, Nick Jr., TeenNick, Nicktoons, Nick at Nite, Comedy Central, TV Land, SPIKE, Tr3s, Paramount Channel and VIVA, reach approximately 700 million television subscribers worldwide. Paramount Pictures, America's oldest film studio, is a major global producer and distributor of filmed entertainment.

For more information about Viacom and its businesses, visit www.viacom.com.

Cautionary Statement Concerning Forward-Looking Statements

This news release contains both historical and forward-looking statements. All statements that are not statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements reflect our current expectations concerning future results, objectives, plans and goals, and involve known and unknown risks, uncertainties and other factors that are difficult to predict and which may cause future results, performance or achievements to differ. These risks, uncertainties and other factors include, among others: the public acceptance of our programs, motion pictures and other entertainment content on the various platforms on which they are distributed; technological developments and their effect in our markets and on consumer behavior; competition for audiences and distribution; the impact of piracy; economic conditions generally, and in advertising and retail markets in particular; fluctuations in our results due to the timing, mix and availability of our motion pictures and other programming; changes in the Federal communications laws and regulations; other domestic and global economic, business, competitive and/or regulatory factors affecting our businesses generally; and other factors described in our news releases and filings with the Securities and Exchange Commission, including but not limited to our 2013 Annual Report on Form 10-K and reports on Form 10-Q and Form 8-K. The forward-looking statements included in this document are made only as of the date of this document, and we do not have any obligation to publicly update any forward-looking statements to reflect subsequent events or circumstances.

Viacom Inc.
Press:
Jeremy Zweig, 212-846-7503
Vice President, Corporate Communications
jeremy.zweig@viacom.com
or
Mark Jafar, 212-846-8961
Vice President, Corporate Communications
mark.jafar@viacom.com
or
Investors:
James Bombassei, 212-258-6377
Senior Vice President, Investor Relations
james.bombassei@viacom.com
or
Pamela Yi, 212-846-7581
Director, Investor Relations
pamela.yi@viacom.com

Source: Viacom Inc.

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