SPOTIFY: $55 BILLION BY 2020 15 THE GP BULLHOUND TEAM HUGH CAMPBELL MANISH MADHVANI PER ROMAN SIR MARTIN SMITH STAFFAN INGEBORN MARK SEBBA GRAEME BAYLEY Managing Partner Managing Partner Managing Partner Chairman Non-Executive Director Non-Executive Director Partner & Group CFO ROBERT AHLDIN GUILLAUME BONNETON ALEC DAFFERNER SIMON NICHOLLS SVEN RAEYMAEKERS JULIAN RIEDLBAUER ANDRE SHORTELL Partner Partner Partner Partner Partner Partner Partner CLAUDIO ALVAREZ JONATHAN CANTWELL ALESSANDRO CASARTELLI CHRIS GRAVES OSKAR HERDLAND NICK HORROCKS PER LINDTORP Director Director Director Director Director, Equity Capital Markets Director Director SEBASTIAN MARKOWSKY ALEXIS SCORER CARL WESSBERG NIKOLAS WESTPHAL JOAKIM DAL ALON KUPERMAN MAX BERNARD Director Director Director Director Investment Manager Principal Vice President IMAN CRISBY RAVI GHEDIA JAVED HUQ OLOF RUSTNER JOY SIOUFI JOHANNES ÅKERMARK MARVIN MAERZ Vice President, Marketing Vice President Vice President Vice President Vice President Vice President Associate SIMON MIREMADI CHRIS PARK JAIME SENDAGORTA DIAZ REDA BEN LARBI KARL BLOMSTERWALL ELENA BOCHAROVA KYLE BOOYSENS Associate Associate Associate Analyst Analyst Analyst Analyst FELIX BRATELL CARL ELFVING JOFFREY EZERZER MATTEW FINEGOLD PAUL GAILLARD CHRISTOPH GRUNEWALD HAMPUS HELLERMARK Analyst Analyst Analyst Analyst Analyst Analyst Analyst OKAN INALTAY PIERCE LEWIS-OAKES JACOB LOVENSKIOLD ADAM PAGE ED PRIOR HARRI NEEDHAM DAVE NISH Analyst Analyst Analyst Analyst Analyst Group Finance Manager Technology Manager LINDA NORDMARK ANN GREVELIUS CHRISTIAN LAGERLING LORD CLIVE HOLLICK BEN PRADE CECILIA ROMAN Finance Manager Senior Advisor Co-Founder & Senior Advisor Senior Advisor Senior Advisor Senior Advisor