Warner Music Group Confirms Its Indication of Interest in Relation to French Digital Music Company Believe SA

March 8, 2024

https://www.globenewswire.com/news-release/2024/03/07/2841945/0/en/Warner-Music-Group-Confirms-Its-Indication-of-Interest-in-Relation-to-French-Digital-Music-Company-Believe-SA.html

NEW YORK, March 07, 2024 (GLOBE NEWSWIRE) — Warner Music Group (“Warner Music Group” or WMG”) confirms that on February 21, 2024 it approached Believe SA, a global digital music company headquartered in France and listed on the regulated market of Euronext Paris (“Believe” or the “Company”) to initiate discussions with respect to a potential combination of Believe with WMG (the “Transaction”) and that it indicated on February 27, 2024 that, at this stage, WMG thought it could value Believe at a price of at least €17/share (coupon attached) based on currently available public information.

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