PHAIDON GOVERNANCE STRUCTURE CHART As of November 1, 2015 * Trustees: Barry Cohen ("BC"), John Hannan ("JH"). Richard Ressler ** Trustees: BC. JH, Richard Ressler. Debra Black ("DB"), US Trust Company (Administrative Trustee) ***Board of Managers: JMWT LLC. Judith Regan JMWT LLC (US) Manager: LB PHAIDON GLOBAL LLC US) Manager: 1M1VT LLC 99.9% 100% • PHAIDON LLC (US) Fomterly: .110/MT Manager LIZ 0.1% V JMWT Acquisition LLP (UK) 100% 1 JMWT Topco Limited (UK) 100% • JMWT Midco Limited (UK) 100% JMWT Limited (UK) 100% Phaidon Press Limited (UK) 100% of each Manager: JMWT LLC 10/28/15 Managing Member: Phaidon LLC Directors: LB. Bradley J. Wechsler ("BJW') Directors: LB. BJW Directors: LB. DB. BJW Directors: BJW. Ben Black. BC. James Booth-Clibborn.. Keith Fox. Philip Ruppel Phi don PH Art AG Marylebonc Phaidon Filmdom Phaidon Phaidon Phaidon Press (Swiss) Retail Ltd. Pres Inc. Press GmbH Press Sari Pres Srl Press KK (Australia) (UK) (US) (Germany) (France) (Italy) (Japan) Phaidon Retail Inc. (US) EFTA00605873