X0202 4 2007-05-07 0 0001319161 Warner Music Group Corp. WMG 0001326628 Blavatnik Len C/O ACCESS INDUSTRIES, 730 FIFTH AVENUE, 20TH FLOOR NEW YORK NY 10019 1 0 0 0 Common Stock 2007-05-07 4 J 0 3531089 A 3531089 I See Footnote On May 7, 2007, Music Capital Partners, L.P. ("Music Capital") distributed all 14,195,929.7501 shares of common stock of Warner Music Group Corp. (the "Issuer") held directly by it to its partners (including Access Industries Holdings LLC ("Access Industries"), which is a limited partner of Music Capital) as part of a liquidating distribution. Music Capital's Amended and Restated Agreement of Limited Partnership requires that Music Capital dissolve and commence winding up by the second anniversary of the Issuer's May 2005 initial public offering. The reporting person controls Access Industries. The Reporting Person disclaims beneficial ownership of such shares, and this report shall not be deemed an admission that the Reporting Person is or was the beneficial owner of the securities for purposes of Section 16 or for any other purpose, except to the extent of the Reporting Person's pecuniary interest therein. /s/ Len Blavatnik 2007-05-08