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4 of Merrill Lynch and is subject to the terms available of the following link. This material was prepared by Cash Equity Trading of Mernll Lynch, Pierce, Fenner & Smith. Incorporated ("MO). The material is not a publication of BolA Merrill Lynch Global Research, and it has not been reviewed or approved by BolA Merril
I 411,1 414 Olga h44•4,44441N4 I Other tidbits • No deal roadshow, No underwriters • No fixed M of securities for sale • No lock-ups except Tencent Music Entertainment & Tencent (holding for at least 3 yrs from 12/15/17), who own - 7.5% • Majority Ownership by Founders - Daniel Elk controls 37.3% of shares and Martin Lorenu
rsonnel of Mame Lynch end is subject to the terms available at the folibwkig fink This material was prepared bytash Equity Trading of Merrill Lynch, Pierce, Fenner & Smith, Incorporated PAO. The material is not a publication of BolA Merrill Lynch Global Research, and it has not been reviewed or approved by BolA Merrill
NII'w1MM.g dNlViolin a. 1, 31 I k Other tidbits • No deal roadshow, No underwriters • No fixed a of securities for sale • No lock-ups except Tencent Music Entertainment & Tencent (holding for at least 3 yrs from 12/15/17), who own -7.5% • MajorityOwnership by Founders- Daniel Elk controls 37.3% of shares and Martin Lorentzen
.bankofamerica.com/business/smb/landing/emaildisclaimer/americas/global-markets> This material was prepared by Cash Equity Trading of Merrill Lynch, Pierce, Fenner & Smith, Incorporated ("ML"). The material is not a publication of BofA Merrill Lynch Global Research, and it has not been reviewed or approved by BofA Mer
63434/d494294dfl.htmtfrom494294_18> Other tidbits • No deal roadshow, No underwriters • No fixed q of securities for sale • No lock-ups except Tencent Music Entertainment & Tencent (holding for at least 3 yrs from 12/15/17), who own —7.5% • Majority Ownership by Founders - Daniel Elk controls 37.3% of shares and Martin Lorent
Entities connected to both Pierce, Fenner & Smith and Tencent Music Entertainment & Tencent

Jeffrey Epstein
PERSON
Richard Kahn
PERSONAmanda
PERSONGlobal Markets
ORGANIZATIONBull/Bear Views
ORGANIZATIONthe Floor Specialist
ORGANIZATIONVivendi
ORGANIZATION
Woody Allen
PERSON
Stockholm
LOCATION
Tencent
ORGANIZATIONAllen&Co
PERSONDavid Fiszel
PERSON
Global Research
ORGANIZATIONBolA Merrill Lynch Global Research
ORGANIZATIONTentative): Company
ORGANIZATIONNew Music & Back Catalog
ORGANIZATIONJohn Egan
PERSONSootily
ORGANIZATIONLyft/Uber/Airbnb
ORGANIZATION