From Admission to Euronext Amsterdam, Universal Music Group N.V. plans to annually declare and pay dividends to all holders of its shares on a pro rata basis in two semi-annual installments, in an aggregate amount of not less than 50% of the Company’s net profits realized during the relevant financial year, subject to agreed non-cash items and subject further to any applicable laws on dividend payments. In line with this planning, Universal Music Group intends to pay an interim dividend in the fourth quarter of each financial year, after the publication of its half-year figures, and a final dividend in the second quarter of the following financial year, to be paid following approval of its financial statements at its annual General Meeting.

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