Hipgnosis Songs Fund Results Presentation Deck

Licensing & copyright management Mechanical Licensing Collective administers licences to streaming services Key role in distributing CRB III adjustments Anticipate recovery of underpayment to start from Q4 2023 Provides platform for publishers to fix missing and broken links $400 million in unpaid royalties from streaming services Hipgnosis maximizing of both future and unpaid income HIPGNOSIS CREATING VALUE WHICH DID NOT EXIST AT POINT OF PURCHASE " HIPCNOSIS SONGS FUND 33

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