NEW YORK, November 30, 2004 — Steinway & Sons created a specially designed concert grand piano to raise money for children in need through the joy of music.

For the next two years, the Steinway Peace Piano will tour the world in a series of special events including concerts with world-class musicians as well as "perform-a-thons" by local children raising money to help other children around the world.

The Steinway Peace Piano marks the culmination of Steinway & Sons' 150th anniversary celebration. It is a re-creation of a historic Steinway concert grand piano that was first exhibited at the New York World's Fair in 1939. The original piano - designed by Walter Dorwin Teague, the renowned art deco designer from the early 20th century - is now housed at the Smithsonian Institution in Washington, D.C. The Steinway Peace Piano is the second instrument produced as part of Steinway & Sons' Legendary Collection, a campaign to re-create Steinway & Sons most historically significant pianos.

The design of the Steinway Peace Piano is, however, slightly different from its predecessor. In keeping with the theme of peace, on the case of the piano, right above each leg, in place of a golden eagle, is a hand carved Dove grasping an olive branch. The lower apron of the piano, painted gold like the doves, is adorned with 63 stars.

There are 195 flags of the nations of the world applied around the bottom edge of the piano.

The 35 flags across the front of the piano are the developed nations, such as the United States, Great Britain, and other European countries.

"There's no better way to communicate peace and harmony than music", said Bruce Stevens, President and CEO of Steinway & Sons, "Putting the Steinway ‘Peace Piano’ on a world tour may be the most significant event Steinway & Sons has ever launched."

The Steinway Peace Piano will go on a multi city international tour over calendar 2005. In May of 2005, the Peace Piano will make a visit to the Steinway & Sons factory in Hamburg Germany to join in the celebration of its 125th Anniversary.

ABOUT STEINWAY
Steinway & Sons was founded on March 5, 1853 by German immigrant Henry Engelhard Steinway and his sons in New York City, one of the major centers of the piano-making industry in North America at that time. Henry, a master piano-maker, built his first piano in the kitchen of his home in Germany. Over the next forty years, Henry and his sons developed the modern piano, patenting the most significant technologies in the piano industry.

Steinway & Sons, headquartered in Astoria, New York, produces the world's finest pianos. Steinway pianos are sold by approximately 70 authorized dealers throughout the United States. The company's corporate parent is Steinway Musical Instruments, Inc. which also owns Conn-Selmer, the nation's leading manufacturer of orchestra and band instruments. Steinway Musical Instruments, Inc. is listed on the New York Stock Exchange under the symbol LVB for Ludwig van Beethoven.

Contacts:
Leo Spellman
Senior Director Communications
Steinway & Sons
718-721-2600 x3116