X0306 4 2020-06-02 0 0001319161 Warner Music Group Corp. WMG 0001813621 AI Entertainment Holdings LLC C/O ACCESS INDUSTRIES, INC. 40 WEST 57TH STREET, 28TH FLOOR NEW YORK NY 10019 0 0 1 0 0001813620 AI Entertainment Management, LLC C/O ACCESS INDUSTRIES, INC. 40 WEST 57TH STREET, 28TH FLOOR NEW YORK NY 10019 0 0 0 1 Affiliate of 10% Owner 0001813892 Altep 2012 L.P. C/O ACCESS INDUSTRIES, INC. 40 WEST 57TH STREET, 28TH FLOOR NEW YORK NY 10019 0 0 0 1 Affiliate of 10% Owner 0000877116 AI Altep Holdings, Inc C/O ACCESS INDUSTRIES, INC. 40 WEST 57TH STREET, 28TH FLOOR NEW YORK NY 10019 0 0 0 1 Affiliate of 10% Owner 0001508227 ACCESS INDUSTRIES, LLC 40 WEST 57TH STREET, 28TH FLOO NEW YORK NY 10019 0 0 0 1 Affiliate of 10% Owner 0001564326 AIPH Holdings LLC C/O ACCESS INDUSTRIES, INC. 40 WEST 57TH STREET, 28TH FLOOR NEW YORK NY 10019 0 0 0 1 Affiliate of 10% Owner 0001391297 Access Industries Holdings LLC C/O ACCESS INDUSTRIES, INC. 40 WEST 57TH STREET, 28TH FLOOR NEW YORK NY 10019 0 0 0 1 Affiliate of 10% Owner 0001508226 ACCESS INDUSTRIES MANAGEMENT, LLC C/O ACCESS INDUSTRIES, INC. 40 WEST 57TH STREET, 28TH FLOOR NEW YORK NY 10019 0 0 0 1 Affiliate of 10% Owner 0001326628 Blavatnik Len C/O ACCESS INDUSTRIES, INC. 40 WEST 57TH STREET, 28TH FLOOR NEW YORK NY 10019 1 0 0 1 Affiliate of 10% Owner 0001813893 Blavatnik Family Foundation LLC C/O ACCESS INDUSTRIES, INC. 40 WEST 57TH STREET, 28TH FLOOR NEW YORK NY 10019 0 0 0 1 Affiliate of 10% Owner Class A Common Stock 2020-06-05 4 C 0 53207339 0.00 A 53207339 D Class A Common Stock 2020-06-05 4 S 0 53207339 25.00 D 0 D Class A Common Stock 2020-06-05 4 C 0 318536 0.00 A 318536 I By partnership Class A Common Stock 2020-06-05 4 S 0 318536 25.00 D 0 I By partnership Class A Common Stock 2020-06-05 4 C 0 1200000 0.00 A 1200000 I By LLC Class A Common Stock 2020-06-05 4 S 0 1200000 25.00 D 0 I By LLC Class B Common Stock 2020-06-02 5 G 0 E 20000000 0.00 D Class A Common Stock 20000000 479800 I By LLC Class B Common Stock 2020-06-02 5 G 0 E 20000000 0.00 A Class A Common Stock 20000000 20000000 I By LLC Class B Common Stock 2020-06-03 5 G 0 E 20000000 0.00 D Class A Common Stock 20000000 0 I By LLC Class B Common Stock 2020-06-05 4 C 0 53207339 D Class A Common Stock 53207339 391418612 D Class B Common Stock 2020-06-05 4 C 0 318536 D Class A Common Stock 318536 1685883 I By partnership Class B Common Stock 2020-06-05 4 C 0 1200000 D Class A Common Stock 1200000 5301216 I By LLC The securities reported are held directly by AI Entertainment Holdings LLC ("AIEH") and may be deemed to be beneficially owned by AIPH Holdings LLC ("AIPH"), Access Industries Holdings LLC ("AIH"), Access Industries, LLC ("AI"), Access Industries Management, LLC ("AIM") and Mr. Blavatnik, because AIPH is the parent of AIEH, AIH controls a majority of the outstanding voting interests in AIPH, AI controls a majority of the outstanding voting interests in AIH, AIM controls AI and AIH and Mr. Blavatnik is the controlling person of AIM and controls a majority of the outstanding voting interests in AI. Each of the reporting persons (other than AIEH) disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this Form shall not be construed as an admission that any such reporting person is the beneficial owner of any of the securities reported on this Form. The securities reported are held directly by Altep 2012 L.P. ("Altep 2012") and may be deemed to be beneficially owned by AI Altep Holdings, Inc. and Mr. Blavatnik because AI Altep Holdings, Inc. is the general partner of Altep 2012 and Mr. Blavatnik controls AI Altep Holdings, Inc. Each of the reporting persons (other than Altep 2012) disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this Form shall not be construed as an admission that any such reporting person is the beneficial owner of any such securities. The securities reported are held directly by AI Entertainment Management, LLC ("AIEM") and may be deemed to be beneficially owned by AIEH, AIPH, AIH, AI, AIM and Mr. Blavatnik, because AIEH controls a majority of the outstanding voting interests in AIEM, AIPH is the parent of AIEH, AIH controls a majority of the outstanding voting interests in AIPH, AI controls a majority of the outstanding voting interests in AIH, AIM controls AI and AIH and Mr. Blavatnik is the controlling person of AIM and controls a majority of the outstanding voting interests in AI. Each of the reporting persons (other than AIEM) disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this Form shall not be construed as an admission that any such reporting person is the beneficial owner of any of the securities reported on this Form. Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock and has no expiration date. Represents a transfer by AI of the securities to certain series of the Blavatnik Family Foundation LLC ("BFF"), of which AI is the sole member. The securities reported are held directly by AI and may be deemed to be beneficially owned by AIM and Mr. Blavatnik, because AIM controls AI and Mr. Blavatnik is the controlling person of AIM and controls a majority of the outstanding voting interests in AI. Each of the reporting persons (other than AI) disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this Form shall not be construed as an admission that any such reporting person is the beneficial owner of any of the securities reported on this Form. The securities reported are held directly by BFF and may be deemed to be beneficially owned by AI, AIM and Mr. Blavatnik, because AI is the member of the series of BFF relating to the securities reported on this form, AIM controls AI and Mr. Blavatnik is the controlling person of AIM and controls a majority of the outstanding voting interests in AI. Each of the reporting persons (other than BFF) disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this Form shall not be construed as an admission that any such reporting person is the beneficial owner of any of the securities reported on this Form. Represents a contribution of certain series of BFF in connection with the Issuer's IPO to the trustees on behalf of certain charitable trusts. /s/ Alejandro Moreno for AI Entertainment Holdings LLC 2020-06-05 /s/ Alejandro Moreno for AI Entertainment Management, LLC 2020-06-05 /s/ Alejandro Moreno for Altep 2012 L.P. 2020-06-05 /s/ Alejandro Moreno for AI Altep Holdings, Inc. 2020-06-05 /s/ Alejandro Moreno for Access Industries, LLC 2020-06-05 /s/ Alejandro Moreno for AIPH Holdings LLC 2020-06-05 /s/ Alejandro Moreno for Access Industries Holdings LLC 2020-06-05 /s/ Alejandro Moreno for Access Industries Management, LLC 2020-06-05 /s/ Trent N. Tappe, as Attorney-in-Fact for Len Blavatnik 2020-06-05 /s/ Alejandro Moreno for Blavatnik Family Foundation LLC 2020-06-05