Structure Today: JMVVT LLC PLB LLC (Delaware) (Delawd re! JMINT Acquisition LLP (UK) rTopcoWLtd. Midco‘ L ' nU &Mco d. (UK) WKS Phaldon Publishing Ltd. (UK) PP Inc. Germany France Italy UK Japan EFTA_R1_0 1980069 EFTA02678937
Alternative Structure: Ch1/1WT LID (Delaware) C PLB LLC (Waware) / RB LLC f,6‘.k Phaidon Incarnation& ILLC1 PP Inc. 1MWT Acquisition LLP (us) Topco Ltd. Midco Ltd. tun J Bisige Ltd. \e'e Phaidon Publsish5 ing Ltd. (UK) AAtre[t] EFTA_R1_01980070 EFTA02678938