Hipgnosis Songs Fund Results Presentation Deck

Licensing & copyright management Copyright Royalty Board (CRB) determines rates and terms for royalty payments in US CRB III 2018-2022 Incremental 44% headline increase in streaming revenues appealed by streamers Appeal rejected - industry working to distribute payment backlog CRB IV 2023-2027 ● Collaborative approach sees further incremental increase in share of streaming revenues for Songwriters and Publisher to 15.35% OUR ADVOCACY HELPED CREATE VALUE FOR SONGWRITERS. ADMINISTRATION ENSURES COLLECTION " HIPCNOSIS SONGS FUND 32

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