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In November 2018, the Board of Directors accredited a share repurchase system of the Company’s everyday shares up to the volume of $1. billion. To the Board of Directors and Shareholders of Spotify Technology S.A. Form of Notice of Conversion of Echo Nest Stock Options, by and concerning Spotify Technology S.A. As needed by Rules 13a-15 and 15d-15 beneath the Exchange Act, our management, with the participation of our Chief Executive Officer and Chief Financial Officer, has evaluated the performance of our disclosure controls and treatments (as outlined in Rules 13a-15(e) and 15d-15(e) beneath the Exchange Act), as of the conclude of the period of time coated by this Annual Report on Form 20-F. Based on this sort of evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that, as of December 31, 2018, our disclosure controls and methods had been not productive as of this kind of day because of to a substance weakness in interior handle around economical reporting, described underneath. Certification of Chief Executive Officer Under Section 906 of the Sarbanes-Oxley Act of 2002, eighteen U.S.C. Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer

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Future such transactions are envisioned to consider location to fulfill foreseeable future possibility physical exercises. For uses of NYSE procedures, so lengthy as we are a foreign non-public issuer, we are qualified to take edge of specified exemptions from NYSE corporate governance necessities delivered in the NYSE principles. Board Committees-The NYSE principles demand domestic corporations to have a payment committee and a nominating and corporate governance committee composed fully of independent directors, but as a foreign non-public issuer we are exempt from these prerequisites. We do not have a nominating and corporate governance committee. The Company’s audit committee approves all auditing expert services and permitted non-audit providers carried out for the Company by its independent auditor in advance of an engagement. All audit-similar services fees and tax fees have been accredited by the Audit Committee. "Audit fees" are the combination fees attained by the Ernst & Young entities for the audit of our consolidated once-a-year economic statements, opinions of interim economical statements and attestation expert services that are furnished in link with statutory and regulatory filings or engagements

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