The 'Basket Case' hitmakers will be enshrined at the 30th annual induction ceremony at Cleveland's Public Hall in Ohio on April 18, 2015 and frontman Billie Joe Armstrong, 42, admitted he ''had to go for a walk'' when he first heard the news.
He told Rolling Stone magazine: ''We're in incredible company and I'm still trying to make sense of this. The Rock and Roll Hall of Fame has always held something special for me because my heroes were in there. This is a great time for us to sort of reflect and look back with gratitude.''
The hall also announced on Tuesday (16.12.14) that it will also honour Joan Jett & the Blackhearts and 'Ain't No Sunshine' hitmaker Bill Withers, who hasn't released new music in nearly three decades.
The late poet of the New York underground Lou Reed, who died in October 2013 due to complications from a liver transplant, is already in the hall as a member of the Velvet Underground, but will be inducted again.
Meanwhile, drummer Ringo will be the fourth former beatle enshrined as an individual and will receive a special award for musical excellence.
The former gospel group ''5'' Royals will also be inducted in the early influence category.
The inductees were chosen by a vote of more than 700 artists, historians and music industry representatives.
Artists only become eligible 25 years after the release of their first album or single.
Public tickets to the event go on sale Thursday (18.12.14) and the hall will open a new exhibit dedicated to the 2015 inductees.
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