Warner Music Group Corp. — Director's Dealing 2005

May 11, 2005

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Warner Music Group Corp. (WMG)
CIK: 0001319161
Period of Report: 2005-05-11

Reporting Person: JAECKEL SCOTT L (Director, 10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	55491627.88	Indirect

Footnotes

F1: Represents shares of the Issuer held directly by Thomas H. Lee Equity Fund V, L.P., Thomas H. Lee Parallel Fund V, L.P., Thomas H. Lee Equity (Cayman) Fund V, L.P., and THL WMG Equity Investors, L.P. (collectively, the "Funds").

F2: The reporting person is a member of Thomas H. Lee Advisors, LLC, which is the general partner of Thomas H. Lee Partners, L.P., which is the manager of THL Equity Advisors V, LLC, which, in turn, is the general partner of each of the Funds. As such, the reporting person may be deemed to beneficially own the shares of the Issuer owned directly by each of the Funds. The reporting person disclaims beneficial ownership of such shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for the purpose of Section 16 or for any other purpose, except to the extent of his pecuniary interest therein.