NEW YORK, Feb. 23, 2012 — Viacom Inc. (NASDAQ: VIA, VIAB) today announced that it has agreed to sell $500 million in aggregate principal amount of 1.250% senior notes due 2015 at a price equal to 99.789% of the principal amount thereof (the “Senior Notes”) and $250 million in aggregate principal amount of 4.500% senior debentures due 2042 at a price equal to 98.063% of the principal amount thereof (the “Senior Debentures”). The sale of the Senior Notes and the Senior Debentures is expected to close on February 28, 2012. Viacom intends to use the net proceeds from the offering for general corporate purposes, including, but not limited to, the repayment of outstanding indebtedness and the repurchase of shares under its share repurchase program. The joint book-running managers for the offering are BNP Paribas Securities Corp., Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC and RBC Capital Markets, LLC. Viacom’s senior unsecured debt is currently rated BBB+ by Standard & Poor’s and Fitch, and rated Baa1 by Moody’s Investors Service.