UFC W Investor Presentation

ENDEAVOR INVESTOR PRESENTATION APRIL 2023 Transaction Overview Endeavor to form a $21B+ global pure-play live sports and entertainment company comprised of UFC and WWE UFC, which is owned by Endeavor, and WWE will form NewCo, a new publicly-listed company that is expected to trade on the NYSE NewCo to be 51% owned by Endeavor and 49% owned by WWE shareholders NewCo to be capitalized with $150M cash at closing, Endeavor (from UFC) and WWE are permitted to retain certain excess cash as part of the closing and, public shareholders of NewCo are expected to receive a post-closing dividend Board of Directors composed of 11 seats total: 6 seats nominated by Endeavor, 5 seats nominated by WWE, each of which will include 3 independent directors Endeavor Shareholders 100% Ownership ENDEAVOR 51% PUBLIC COMPANY Ownership WWE Shareholders NewCo financials to be consolidated by Endeavor Transaction anticipated to close by the end of 2023 NewCo NEW PUBLIC COMPANY UFC W Transaction structure simplified for illustrative purposes 49% Ownership PG.5

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