New Directors Appointed at Steinway

May 2, 2011

Steinway Musical Instruments, Inc. has announced the addition of Michael T. Sweeney, Edward Kim, and Don Kwon to its Board of Directors.

Michael Sweeney is chairman of the Board of Star Tribune Media Holdings, the
holding company for the Minneapolis Star Tribune. He is also a partner of the private equity firm Goldner Hawn Johnson & Morrison, where he once served as its managing partner. Prior to his career in private equity, Sweeney served as the president of Starbuck’s Coffee Company (UK) Ltd. He presently serves as a director of First Solar, Inc.

Edward Kim is the founder, chairman and CEO of New Pride Corporation, a global intermodal logistics services company. Under Kim’s direction, New Pride became the first United States based company listed on the KOSDAQ market of the Korea Exchange.

Don Kwon is the managing partner at Michigan Venture Capital, a private equity firm based in Seoul, Korea. Kwon specializes in media & entertainment investments. He serves on the board of various portfolio companies serving the technology, online media, and retail consumer sectors. Prior to joining Michigan, Mr. Kwon worked for nearly a decade in investment banking.

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