Pershing Square Tontine Holdings, Ltd. ("PSTH") to Acquire 10% of the Ordinary Shares of Universal Music Group ("UMG") from Vivendi S.E. for Approximately $4 billion, Representing an Enterprise Value of €35 Billion

UMG Shares to be Distributed to PSTH Shareholders Later this Year PSTH to Remain a Publicly Traded Company "RemainCo" with Approximately $1.5 billion of Cash and Access to an Additional $1.4 billion Through Forward Purchase Agreements After the Distr