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To: "dirty E." <jcszacaliangsautiLuan> Richard Kahn HBRK Associates Inc. 575 Losing= Avenue 4th Floor CC Begin forwarded message: From: 'Ens. Amanda" Subject: BAML Spotlfy Cheat Sheet - UPDATE Date: March 7.2018 at 2:09:53 PM EST To: *ricahn"‹ Reply-To: "Ens, Amanda' <image001.png> Trodtng Co
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
tmarlsom> Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York NY 1001/ tel fax ccl Begin forwarded message: From: "Ens. Amanda" •t in Subject: BAML Spotlfy Cheat Sheet - UPDATE Date: March 7.2018 at 2:09:53 PM EST To: "rkahn' Reply-To: "Ens. Amanda <imageooLpng> ;mom Co
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
com» Subject= BAML Sootily Cheat Sheet - UPDATE </=iv> Date: March=7, 2018 at 2:09:53 PM EST To: "rkahn" mailto:a &g=; Reply-To: </r=pan>"Ens, Amanda" < <mailto > =u> Trading Commentary (Not a product of BAML Research and=should not viewed as a research report) <=span> S=otify: Stockholm-based
an style="font-size:10.5pt;font-family:Symbol">• No deal roadshow, No underwriters • No fixed # of securities for sale<=> * No lork-ups except Tencent Music Entertainment & Tencent (holding for at lea=t 3 yrs from 12/15/17), who own -7.5% * <=pan style="font-size:10.5pt">Majority Ownership by Founders - Daniel Elk=controls 37
> 10022 <https://maps.google.comfiq=57S+Lexington+Avenue+4th+Floor+New+York,+NY+100228zentry=gmail&sourcerg> Begin forwarded message: From: "Ens, Amanda" <[email protected] <mailto:amanda.ens@bamIcom» EFTA_R1_01647199 EFTA02513876 Subject: BAML Spotify Cheat Sheet - UPDATE Date: March 7, 2018 a
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 Amanda and Tencent Music Entertainment & Tencent

Jeffrey Epstein
PERSON
Richard Kahn
PERSON
Woody Allen
PERSONPierce, Fenner & Smith
ORGANIZATION
Global Research
ORGANIZATIONGlobal Markets
ORGANIZATION
Tencent
ORGANIZATIONthe Floor Specialist
ORGANIZATIONVivendi
ORGANIZATIONBull/Bear Views
ORGANIZATION
Stockholm
LOCATIONDavid Fiszel
PERSONAllen&Co
PERSONJohn Egan
PERSONFinancials - Fl
ORGANIZATIONLyft/Uber/Airbnb
ORGANIZATIONSootily
ORGANIZATIONAlli, Alkesh & Mike
ORGANIZATIONBolA Merrill Lynch Global Research
ORGANIZATIONTentative): Company
ORGANIZATION