X0306 4 2020-04-17 0 0001795250 Madison Square Garden Entertainment Corp. MSGE 0001505841 RYAN DOLAN 1989 TRUST KNICKERBOCKER GROUP LLC PO BOX 420 OYSTER BAY NY 11771 0 0 0 1 Member of 13(d) Group 0001505842 TARA DOLAN 1989 TRUST C/O DOLAN FAMILY OFFICE 340 CROSSWAYS PARK DRIVE WOODBURY NY 11797 0 0 0 1 Member of 13(d) Group Common Stock 2020-04-17 4 J 0 1000 D 0 I By Madison Square Garden Sports Corp. and its subsidiaries Class B Common Stock 2020-04-17 5 J 0 E 5052 A Class A Common Stock 5052 5052 D Class B Common Stock 2020-04-17 5 J 0 E 5052 A Class A Common Stock 5052 5052 D Relates to the spin-off of Madison Square Garden Entertainment Corp. (formerly MSG Entertainment Spinco, Inc., and referred to herein as "MSGE") from Madison Square Garden Sports Corp. (formerly The Madison Square Garden Company, and referred to herein as "MSGS"), which occurred on April 17, 2020. To effect the spin-off, the issued and outstanding common stock of MSGE of 1,000 shares of common stock was recapitalized into 19,461,991 shares of MSGE's Class A common stock and 4,529,517 shares of MSGE's Class B common stock in a transaction exempt under Rule 16b-7. MSGS distributed all of the outstanding MSGE common stock to its stockholders (the "Distribution") in a transaction exempt under Rule 16a-9. As a result of the Distribution, MSGS no longer beneficially owns any shares of MSGE and consequently is no longer subject to the requirements of Section 16 of the the Securities Exchange Act of 1934, as amended (the "Exchange Act") with respect to MSGE. The Reporting Persons are members of a "group" with respect to certain securities of MSGS for purposes of Section 13(d) of the Exchange Act. As such, the Reporting Persons may have been deemed to beneficially own MSGE shares held directly by MSGS and its subsidiaries. Madison Square Garden Entertainment Corp. Class B Common Stock (the "Class B Common Stock") is convertible at the option of the holder on a share for share basis into Madison Square Garden Entertainment Corp. Class A Common Stock (the "Class A Common Stock"). Represents Class B Common Stock received in connection with the Distribution in a transaction exempt under Rule 16a-9. Reflects transfer of shares of Class B Common Stock previously owned directly by MSGS and its subsidiaries exempt under Rule 16a-13. These securities are owned solely by the Ryan Dolan 1989 Trust, which is a member of a "group" with the other reporting person for purposes of Section 13(d) of the Exchange Act. The other reporting person disclaims beneficial ownership of these securities and this report shall not be deemed to be an admission that the other reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. These securities are owned solely by the Tara Dolan 1989 Trust, which is a member of a "group" with the other reporting person for purposes of Section 13(d) of the Exchange Act. The other reporting person disclaims beneficial ownership of these securities and this report shall not be deemed to be an admission that the other reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. RYAN DOLAN 1989 TRUST By: /s/ Brian G. Sweeney, as Attorney-in-Fact 2020-04-20 TARA DOLAN 1989 TRUST By: /s/ Brian G. Sweeney, as Attorney-in-Fact 2020-04-20