Amendment to Employment Agreement for Acting CFO

Warner Music Group Corp. (the “Company”) announced an amendment to Louis Dickler's employment agreement, effective September 4, 2026. Mr. Dickler, who was appointed Acting Chief Financial Officer on July 31, 2026, will continue in this role alongside his existing position as Senior Vice President, Global Controller & Chief Accounting Officer. This arrangement, termed the "Transition Period," will last until a new Chief Financial Officer is hired. During this period, Mr. Dickler's annual base salary will be increased to $1,000,000 from his previous salary. Following the Transition Period, his salary will revert to $650,000 for the remainder of his employment. Additionally, Mr. Dickler is set to receive a long-term incentive award with an aggregate pre-tax grant date target value of $1,000,000 in January 2027. After the Transition Period, he will resume his duties solely as Senior Vice President, Global Controller & Chief Accounting Officer.