PAUL WILLIAMS President and Chairman of the Board August 2020 Dear ASCAP member, Enclosed is your third ASCAP statement of the year for international performances of your music. On the reverse side of this letter, you will find an abridged list of the societies, performance periods and revenue classes reflected in this distribution. Visit www.ascap.com/distributioncomms for the full grid. This pandemic has reminded us of how vulnerable - and how valuable - our income streams are as music creators. Please know that ASCAP is doing everything we can to uphold the value of your music. Last month, we joined other music industry leaders in urging Congress to ensure that critical benefits like unemployment insurance, disaster loans and Paycheck Protection Program (PPP) loans are extended to self-employed individuals and small businesses in the next government stimulus package. We also joined an industry-wide effort in support of the RESTART Act, which would give federal funding to struggling music venues. Our independent venues are springboards for so many of our careers, and vital to our livelihoods. We are working on longer-term solutions to protect the value of your music, too. At the end of July, ASCAP CEO Beth Matthews and EVP & General Counsel Clara Kim participated in a workshop hosted by the United States Department of Justice about ASCAP and BMI’s outdated consent decrees with the DOJ. They were joined by LeAnn Rimes, who shared “the American songwriter is one of the most government-controlled professions in American history” before blowing the virtual roof off with a performance of “How Do I Live,” penned by Diane Warren. The DOJ workshop was an opportunity to make our case for a more flexible licensing framework, with less government regulation, that would allow us to negotiate the value of your music in a free market. You can read Beth’s remarks from the workshop at www.ascap.com/advocacy. We just wrapped the first ever ASCAP Experience: Home Edition, our livestreamed series of career advice panels, provocative discussions and creative inspiration from music giants like Hans Zimmer, T.I., Dan Wilson & Brandy Clark, mxmtoon, Finneas O’Connell & Glen Hansard, Pasek & Paul, Claudia Brant, Erica Campbell (Mary Mary), Shaggy, Brothers Osborne and more. You can stream 20+ hours of panels for free at www.ascapexperience.com/watchnow. While I will welcome the end of quarantine whenever it comes, these last five months have left me humbled and amazed at the indomitable spirit of ASCAP’s membership. You have found creative ways to support each other professionally, emotionally and financially, and made great art to reflect on - and help us process - the difficult times we are living in. Thank you. Wishing you and yours strength and good health, Paul Williams American Society of Composers, Authors and Publishers 250 West 57th Street, New York, NY 10107 P: 212.621.6000 F: 212.621.8453 7920 Sunset Boulevard, Third Floor, Los Angeles, CA 90046 P: 323.883.1000 F: 323.883.1049 www.ascap.com .