Liberty Live Group (LLYVK) investor relations material

Executive summary

• The annual meeting is scheduled for May 11, 2026, and will be held virtually, allowing shareholders to vote and submit questions online.

• Shareholders will vote on four main proposals: election of a director, ratification of auditors, approval of executive compensation, and the frequency of future say-on-pay votes.

• Only holders of Series A and Series B common stock as of March 23, 2026, are entitled to vote; Series C holders have no voting rights except as required by law.

• The board recommends voting for all proposals and for a three-year frequency on say-on-pay votes.

Voting matters and shareholder proposals

• Proposal 1: Elect Bill Kurtz as Class I director until 2029; board recommends a vote for.

• Proposal 2: Ratify KPMG LLP as independent auditors for 2026; board recommends a vote for.

• Proposal 3: Approve, on an advisory basis, executive compensation; board recommends a vote for.

• Proposal 4: Approve, on an advisory basis, a three-year frequency for future say-on-pay votes; board recommends this option.

• Shareholder proposals for the 2027 meeting must be submitted by November 27, 2026, for inclusion in proxy materials.

Board of directors and corporate governance

• The board consists of five directors divided into three classes, with a majority being independent.

• Board leadership is separated between the Chairman and CEO roles.

• Committees include audit, compensation, executive, and nominating/governance, all chaired by independent directors.

• Directors are compensated with a mix of cash and equity, with additional fees for committee service.

• The board encourages long-term focus and continuity through its classified structure.