From: Richard Kahn Sent: Thursday, September 28, 2017 4:53 PM To: jeffrey E. Subject: Fwd: spotify Richard Kahn HBRK Associates Inc. 575 =exington Avenue 4th Floor New York, NY 10022 Begin forwarded message: From: =/b>David Fiszel Subject: =/b>Re: =potify Date: =/b>September 28, 2017 at 12:50:32 =M EDT To: =/b>Richard Kah We got it at $13B valuation 60 days ago. On Sep 28, 2017, at 12:43 PM, Richard Kah what valuation did you get in =t? article says it is now $16 billion.. http://nypost.com/2017/09/27/spotify-is-now-valued-at-16bk=span> Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 EFTA_R1_01788112 EFTA02600840

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