Universal Music Group B.V. announces publication of the Prospectus

ADVERTISEMENT. This announcement is an advertisement for the purposes of Regulation (EU) 2017/1129, as amended (the "Prospectus Regulation") relating to the intention of the Company to proceed with the Admission (as defined below). This announcement does not constitute or form part of a prospectus within the meaning of the Prospectus Regulation and has not been reviewed nor approved by any regulatory or supervisory authority in any jurisdiction, including any member state of the European Economic Area (each, an "EEA Member"), the United Kingdom and the United States. This announcement is for information purposes only and is not intended to constitute, and should not be construed as, an offer by or invitation by or on behalf of, the Company, Vivendi SE ("Vivendi"), any of their advisors or any representative of the Company or Vivendi or any of their advisors, to purchase any securities or an offer to sell or issue, or the solicitation to buy securities by any person in any jurisdiction…

ADVERTISEMENT. This announcement is an advertisement for the purposes of Regulation (EU) 2017/1129, as amended (the "Prospectus Regulation") relating to the intention of the Company to proceed with the Admission (as defined below). This announcement does not constitute or form part of a prospectus within the meaning of the Prospectus Regulation and has not been reviewed nor approved by any regulatory or supervisory authority in any jurisdiction, including any member state of the European Economic Area (each, an "EEA Member"), the United Kingdom and the United States. This announcement is for information purposes only and is not intended to constitute, and should not be construed as, an offer by or invitation by or on behalf of, the Company, Vivendi SE ("Vivendi"), any of their advisors or any representative of the Company or Vivendi or any of their advisors, to purchase any securities or an offer to sell or issue, or the solicitation to buy securities by any person in any jurisdiction, including any EEA Member, the United Kingdom or the United States. The approval of the Prospectus (as defined below) by the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten, the "AFM") should not be understood as an endorsement of the quality of the Shares (as defined below) and the Company.

Universal Music Group B.V. (which shall be converted into a Dutch public company (naamloze vennootschap or N.V.)) (the "Company") today announces the publication of the prospectus (the "Prospectus") in connection with the intended admission to trading and official listing of its shares ("Shares") on the regulated market of Euronext Amsterdam ("Admission") in  the context of the announced intended distribution by Vivendi of up to 60% of Vivendi's stake in the Company to Vivendi's shareholders by way of a distribution in kind (the "Distribution"). Listing of and first trading on an 'as-if-and-when-delivered' basis in the Shares on Euronext Amsterdam under symbol UMG is currently expected to commence on September 21, 2021(the "First Trading Date").

The Dutch Authority for the Financial Markets (Stichting Autoriteit Financiële Markten) has approved the Prospectus. The technical reference price for the Shares is expected to be announced on September 20, 2021 through issuance of a notice by Euronext Amsterdam after market close on Euronext Amsterdam. The Prospectus is available on the websites of the Company (https://investors.universalmusic.com) and Vivendi (www.vivendi.com).

Anticipated timetable

Subject to acceleration or extension, the timetable below lists the expected key dates for the Admission and the Distribution:

Company highlights

Risk Factors

Investing in the Company involves certain risks. A description of these risks, which include risks relating to the Company as well as risks relating to the Distribution and the Shares is included in the Prospectus. Any investment decision in respect of the Company should be made solely on the basis of the information contained in the Prospectus.

Earlier announcements related to the Distribution

On June 22, 2021, Vivendi announced that its general meeting of shareholders approved, inter alia, the Distribution. On August 20, 2021 and on August 25, 2021, Vivendi further announced that the capital markets day in respect of the Company, ahead of the Distribution and the Admission, was to be held on August 25, 2021. These press releases are available on the corporate website of Vivendi (www.vivendi.com). 

For further information, please contact:

Media 
James Murtagh-Hopkins
Senior Vice President, Communications
+31 35 799 4204
[email protected]

Investors
Erika Begun
Senior Vice President, Investor Relations
+31 35 799 4200
[email protected] 

DISCLAIMER 

This announcement does not constitute a prospectus within the meaning of Regulation (EU) 2017/1129 of the European Parliament and of the Council of June 14, 2017, and shares in Universal Music Group B.V (which shall be converted into a Dutch public company (naamloze vennootschap or N.V.)) will be distributed in circumstances that do not constitute "an offer to the public" within the meaning of the Prospectus Regulation. This announcement is not intended for distribution in jurisdictions that require prior regulatory review and authorization to distribute an announcement of this nature.

The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which they are released, published or distributed, should inform themselves about, and observe, such restrictions.

This announcement is an advertisement and not a prospectus within the meaning of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, as amended (the "Prospectus Regulation"). With respect to the member States of the European Economic Area, no action has been undertaken or will be undertaken to make an offer to the public of the securities referred to herein requiring a publication of a prospectus in any relevant member State. As a result, the securities may not and will not be offered in any relevant member State except pursuant to a prospectus approved by the relevant market authorities in that member State or in accordance with the exemptions set forth in Article 3(2) of the Prospectus Regulation, if they have been implemented in that relevant member State, or under any other circumstances which do not require the publication of a prospectus pursuant to Article 3 of the Prospectus Regulation and/or to applicable regulations of that relevant member State.

This announcement is not intended to constitute, and should not be construed as, an offer by or invitation by or on behalf of, the Company, Vivendi, any of its advisors or any representative of the Company or Vivendi or any of their advisors, to purchase any securities or an offer to sell or issue, or the solicitation to buy securities by any person in any jurisdiction, including any EEA Member, the United Kingdom or the United States.

The securities referred to herein may not be offered or sold in the United States of America absent registration or an applicable exemption from registration under the U.S. Securities Act of 1933, as amended. The Company and Vivendi do not intend to register all or any portion of the offering of the securities in the United States of America or to conduct a public offering of the securities in the United States of America.

This announcement does not constitute an offer of securities to the public in the United Kingdom. This announcement is being distributed to and is directed only at (i) persons who are outside the United Kingdom or (ii) persons who are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "Relevant Persons"). Any investment activity to which this announcement relates will only be available to and will only be engaged with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this document or any of its contents.

This announcement may include statements, including with respect to Vivendi and the Company's financial condition, results of operations, business, strategy, plans and outlook, including the impact of certain transactions (notably the planned distribution of up to 60% of the Company's share capital and its stock market listing), and the payment of dividends and distributions, as well as share repurchases. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "anticipates", "expects", "intends", "plans", "targets", "may", "will" or "should" or, in each case, their negative or other variations or comparable terminology. These forward-looking statements are made as of the date of this announcement. Although Vivendi and the Company believe that such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Such forward-looking statements are included for illustrative purposes only. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside Vivendi and the Company's control. Vivendi and the Company expressly disclaim any intention or obligation to provide, update or revise any forward-looking statements in this announcement to reflect any change in expectations or any change in events, conditions or circumstances on which these forward-looking statements are based.

The price and value of securities may go up as well as down. Persons needing advice should contact a professional adviser. Information in this announcement or any of the documents relating to the Admission and the Distribution cannot be relied upon as a guide to future performance.

The Company may decide not to go ahead with the Admission and Vivendi may decide not to go ahead with the Distribution and there is therefore no guarantee that the Admission and the Distribution will occur. You should not base your financial decision on this announcement. Acquiring investments to which this announcement relates may expose an investor to a significant risk of losing all of the amount invested.

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