Oasis are to be given an outstanding achievement prize at next year's Brit Awards, organisers have announced.
Liam Gallagher became one of the biggest stars of the 1990s
The Manchester band shot to fame in 1994, and were at the forefront of the Britpop scene which saw guitar music return to the UK charts.
BPI chairman Peter Jamieson said: "Oasis set the standard for many of the young rock bands who are currently enjoying success in the UK charts."
Next year's awards show will be held at London's Earls Court on 14 February.
Fronted by Noel and Liam Gallagher, Oasis have sold 40 million albums around the world since they formed in 1993.
Their first two albums - Definitely Maybe and (What's the Story) Morning Glory? - were critically acclaimed and earned them global attention.
Be Here Now became the fastest-selling album in chart history when it was released at the height of their fame in 1997.
Despite their success, the outstanding achievement award sees Oasis breaking a 10-year dry spell at the Brits.
They last made it to the podium in 1996, when they received three awards - for best British group, best British video and best British album for (What's The Story) Morning Glory?
The band releases an 18-track greatest hits album in November, featuring a mixture of chart singles and lesser-known B-sides, all chosen by the band.
They are currently taking a break from touring and recording but have denied suggestions they are splitting up.
Previous winners of the Brit award for outstanding achievement include the Bee Gees, Paul Weller, Sting and the Spice Girls.