Universal Music Group N.V. (“UMG” or “the Company”) today announced that it has repurchased 14,156,285 of its ordinary shares as part of the disposition of the entire position owned by various Pershing Square funds. The Company acquired the shares at a price per share of €17.66 for a total consideration of approximately €250 million.

The repurchase was executed outside of the Company’s existing €500 million share buyback program but pursuant to the previously announced additional €500 million share repurchase authorization of the Board of Directors of the Company as granted at the UMG Annual General Meeting of Shareholders held on May 13, 2026.

The Company intends to use the repurchased shares to meet its obligations under the 2022 Universal Music Group Global Equity Plan, and subplans thereof, and/or to reduce the share capital of the Company. The maximum number of shares that can be used for purposes of the equity plan will remain unchanged.