RECOGNITION MUSIC GROUP LAUNCHED

·??????? Launch of leading music rights investment and management company

·??????? Recognition will continue to protect and enhance legacy of songs in its catalogue

·??????? Identity reflects unique quality of Company’s portfolio and the cultural significance of these songs

Recognition Music Group, (“Recognition” or “the Company”), a leading music rights investment and management company launches today.

Recognition (www.recognitionmusicgroup.com) combines the songs and recordings owned by the former Hipgnosis Songs Fund and Hipgnosis Songs Assets and the management expertise of Hipgnosis Song Management.

Recognition owns and manages a portfolio of over 45,000 songs and recordings from over 145 catalogues, including many of the most iconic songs of all time by songwriters and artists including the Red Hot Chili Peppers, Fleetwood Mac, Neil Young, Eurythmics, Justin Bieber, Shakira and Journey.

The newly integrated company will enable Recognition to further enhance the legacy of the songs in its portfolio.? Building on its relationship with songwriters and artists and as a highly capable business for acquiring and managing catalogues, Recognition is well positioned for future growth and to deliver superior returns to its investors.

Ben Katovsky, Chief Executive Officer of Recognition said:

“Today we are setting out a new identity for a new company. Recognition encapsulates the cultural significance of the songs in our catalogue, the supreme talent of the songwriters and artists who created them and the resonance they inspire in fans all over the world.?

“We are excited to be entering this new chapter as an integrated company, committed to supporting artists and songwriters, enhancing the legacy and value of our songs and, over time, growing our portfolio with the addition of more stellar songs."

Qasim Abbas, Head of Tactical Opportunities International at Blackstone said:

“2024 marked a pivotal transition for the company with the Hipgnosis entities coming under common ownership and the completion of a landmark $1.47 billion financing – demonstrating strong investor conviction in the asset class.

“As Recognition, the company is now set to build on its position as a leading independent investor in music rights; owning and managing an incredible portfolio of songs and recordings.”? ??