Major Shareholders

Pursuant to the Dutch Financial Supervision Act, shareholders are required to notify the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten) (the AFM) in the event that they acquire or lose the disposal of a capital interest and/or voting rights in Universal Music Group N.V. as a result of which their percentage of capital interest and/or voting rights in Universal Music Group N.V. reaches, exceeds or falls below one of the following thresholds: 3%, 5%, 10%, 15%, 20%, 25%, 30%, 40%, 50%, 60%, 75% and 95%. The AFM publishes these notifications in its publicly available Substantial Shareholdings register, which can be found at www.afm.nl. The following shareholders have so notified the AFM of their capital interest and/or voting rights in Universal Music Group N.V.:

ShareholderDateTotal %*
Concerto Partners LLC1,22023-06-3019.92%
Vivendi SE12023-06-309.98%
W.A. Ackman32023-10-3110.26%
V. Bolloré1,42021-09-2218.01%

* It is possible that the stated percentages of capital interest and/or voting rights in Universal Music Group N.V. differ from the actual percentages of capital interest and/or voting rights of shareholders as shareholders may only be required to notify the AFM in the event that their percentage of capital interest and/or voting rights in Universal Music Group N.V. reaches, exceeds or falls below one of the thresholds.

1 Each of V. Bolloré, Vivendi SE and Concerto Partners LLC have provided notifications in relation to an indirect voting interest of ~48% in the capital of Universal Music Group N.V. pursuant to the relationship agreement entered into between Vivendi SE, Compagnie de Cornouaille, Compagnie de l'Odet, Concerto Investment B.V. and Scherzo Investment B.V. For further information on the relationship agreement, please refer to the prospectus issued by Universal Music Group N.V. on September 14, 2021.

2 Tencent-led consortium held via Sherzo Investment B.V. and Concerto Investment B.V., who each hold 9.96%.

3 Held via various Pershing Square funds. (This % is based on notifications reflected in the AFM’s Executive and Non-Executive Directors register rather than in the AFM’s Substantial Shareholdings register.)

4 Held via Bolloré Participations SE, Omnium Bolloré, Financière V, Sofibol, Compagnie de l’Odet, Bolloré SE and Compagnie de Cornouaille.

ABN AMRO Bank N.V., department Global Markets – Corporate Broking & Issuer Services has been appointed by Universal Music Group N.V. to act as its registrar, listing and paying agent and issuer services provider.

Contact Details:

ABN AMRO Bank N.V. Global Markets - Corporate Broking & Issuer Services (PAC: HQ7212)

P.O. Box 283 1000 EA Amsterdam The Netherlands Email: as.exchange.agency@nl.abnamro.com

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