Blackstone Europe LLP, acting as sub-advisor to the Blackstone Funds, has responded to the announcement from Concord Chorus Limited regarding its recommended cash offer for Hipgnosis Songs Fund Limited ("Hipgnosis") at a price of US$1.25 per share. Blackstone strongly advises Hipgnosis shareholders to take no action and is considering its options, with a further announcement to be made in due course. Jefferies International Limited is the financial adviser to Blackstone, and Kirkland & Ellis International LLP is acting as legal adviser to Blackstone. The announcement is not intended to constitute or form part of any offer, invitation, or solicitation of an offer to purchase securities. It also highlights that the release, publication, or distribution of the announcement in jurisdictions other than the United Kingdom may be affected by the laws of relevant jurisdictions. Jefferies International Limited, the financial adviser to Blackstone, is acting exclusively as financial adviser to Blackstone and no one else in connection with the matters set out in the announcement. The disclosure requirements of the Code are also outlined in the announcement, including the obligations related to Opening Position Disclosure and Dealing Disclosure under Rule 8.3 of the Code.