THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Warner Music Group Corp. (WMG)

1/17/2006 Proxy Information

Alex Zubillaga, one of the Company’s executive officers, is the brother-in-law of Mr. Bronfman.

Mr. Brizius is a Managing Director at Thomas H. Lee Partners, L.P. which owns 37.94% of shares in the Company.

Mr. Connaughton has been a Managing Director of Bain Capital, LLC, which owns 16.22% of shares in the Company.

Mr. Jaeckel is a Managing Director at Thomas H. Lee Partners, L.P which owns 37.94% of shares in the Company.

Mr. Lawry is a Managing Director at Thomas H. Lee Partners, L.P, which owns 37.94% of shares in the Company.

Mr. Lee is President of Thomas H. Lee Company, which owns 37.94% of WMG.

Mr. Loring is a Managing Director of Bain Capital Partners, LLC which owns 16.22% of shares in the Company.

Mr. Nelson is Chief Executive Officer of Providence Equity which owns 8.69% of shares of WMG.

Mr. Nunnelly joined Bain Capital Partners, LLC in 1990 as a Managing Director. Bain owns 16.22% of shares in WMG.

Mr. Sperling is a Managing Director at Thomas H. Lee Partners, L.P which owns 37.94% of shares in WMG.

5/10/2005 S/1-A Information

Mr. Nelson is Chief Executive Officer of Providence Equity which owns shares in the Company.

From March 1994 to September 1999, Mr. Semel served as Chairman and co-Chief Executive Officer of Warner Bros. and Warner Music Group, entertainment and media companies.

Mr. Nunnelly joined Bain Capital Partners, LLC in 1990 as a Managing Director. Bain owns shares in the Company.

Mr. Loring is a Managing Director of Bain Capital Partners, LLC which owns shares in the Company.

Mr. Lawry is a Managing Director at Thomas H. Lee Partners, L.P which owns shares in the Company.

Mr. Jaeckel is a Managing Director at Thomas H. Lee Partners, L.P which owns shares in the Company.

Mr. Connaughton has been a Managing Director of Bain Capital, LLC, which owns shares in the Company.

Mr. Brizius is a Managing Director at Thomas H. Lee Partners, L.P. which owns shares in the Company.

Mr. Lee is President of Thomas H. Lee Partners, L.P. which owns shares in Warner Music Group.

Mr. Sperling is a Managing Director at Thomas H. Lee Partners, L.P which owns shares in the Company.

THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Warner Music Group Corp. (WMG)

1/17/2006 Proxy Information

Alex Zubillaga, one of the Company’s executive officers, is the brother-in-law of Mr. Bronfman.

Mr. Brizius is a Managing Director at Thomas H. Lee Partners, L.P. which owns 37.94% of shares in the Company.

Mr. Connaughton has been a Managing Director of Bain Capital, LLC, which owns 16.22% of shares in the Company.

Mr. Jaeckel is a Managing Director at Thomas H. Lee Partners, L.P which owns 37.94% of shares in the Company.

Mr. Lawry is a Managing Director at Thomas H. Lee Partners, L.P, which owns 37.94% of shares in the Company.

Mr. Lee is President of Thomas H. Lee Company, which owns 37.94% of WMG.

Mr. Loring is a Managing Director of Bain Capital Partners, LLC which owns 16.22% of shares in the Company.

Mr. Nelson is Chief Executive Officer of Providence Equity which owns 8.69% of shares of WMG.

Mr. Nunnelly joined Bain Capital Partners, LLC in 1990 as a Managing Director. Bain owns 16.22% of shares in WMG.

Mr. Sperling is a Managing Director at Thomas H. Lee Partners, L.P which owns 37.94% of shares in WMG.

On January 9, 2006, THL announced that it had entered into an employment agreement with Richard Bressler. THL and its affiliates are part of the Investor Group that currently controls more than 50% of the voting power of our common stock. The Board of Directors of the Company has determined that, as of January 9, 2006, Mr. Bressler was no longer independent under the criteria established by the New York Stock Exchange for independent board members.

5/10/2005 S/1-A Information

Mr. Nelson is Chief Executive Officer of Providence Equity which owns shares in the Company.

From March 1994 to September 1999, Mr. Semel served as Chairman and co-Chief Executive Officer of Warner Bros. and Warner Music Group, entertainment and media companies.

Mr. Nunnelly joined Bain Capital Partners, LLC in 1990 as a Managing Director. Bain owns shares in the Company.

Mr. Loring is a Managing Director of Bain Capital Partners, LLC which owns shares in the Company.

Mr. Lawry is a Managing Director at Thomas H. Lee Partners, L.P which owns shares in the Company.

Mr. Jaeckel is a Managing Director at Thomas H. Lee Partners, L.P which owns shares in the Company.

Mr. Connaughton has been a Managing Director of Bain Capital, LLC, which owns shares in the Company.

Mr. Brizius is a Managing Director at Thomas H. Lee Partners, L.P. which owns shares in the Company.

Mr. Lee is President of Thomas H. Lee Partners, L.P. which owns shares in Warner Music Group.

Mr. Sperling is a Managing Director at Thomas H. Lee Partners, L.P which owns shares in the Company.