Paramount Skydance Corporation

Eligibility Letter

To:
Paramount Skydance Corporation
c/o Global Bondholder Services Corporation
65 Broadway, Suite 404
New York, New York 10006
Attention: Corporate Actions
Email: contact@gbsc-usa.com
Telephone (Banks and Brokers): (212) 430-3774
Telephone (Toll Free): (855) 654-2014
Facsimile (For Eligible Institutions Only): (212) 430-3775/3779

To whom it may concern:

           The undersigned acknowledges receipt of your letter, dated May 19, 2026 (the “Letter”). Capitalized terms used and not defined in this letter shall have the meanings set forth in the Letter.

           The undersigned hereby represents and warrants to Paramount Skydance Corporation (the “Offeror”), as follows:

           (1)     it is the beneficial owner, or is acting on behalf of a beneficial owner, of the note(s) as set forth on the signature page hereto (the “Existing Notes”) issued by Discovery Communications, LLC, a Delaware limited liability company, or Discovery Global Holdings, Inc. (formerly WarnerMedia Holdings, Inc.), a Delaware corporation, as applicable, in the amount(s) set forth on the signature page hereto; and

           (2)     it is, or in the event that the undersigned is acting on behalf of a beneficial owner of Existing Notes, the undersigned has received a written certification from such beneficial owner (dated as of a specific date on or since the close of such beneficial owner’s most recent fiscal year) to the effect that such beneficial owner is (please indicate below):

a “Qualified Institutional Buyer,” as that term is defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”); or

a person that is outside of the “United States” and is not a “U.S. Person,” as those terms are defined in Rule 902 of Regulation S under the Securities Act.

           The undersigned understands that it is providing the information contained herein to the Offeror solely for purposes of the Offeror’s consideration of certain transactions with respect to the Existing Notes. The Letter is neither an offer nor a solicitation of an offer with respect to the Existing Notes. It does not create any obligations whatsoever on the part of the Offeror to make any offer or on the part of the undersigned to participate if an offer is made. The terms of any offer, including the terms of any New Notes, will be set forth in a separate offering memorandum, which the undersigned is encouraged to carefully read.

           The undersigned agrees (1) not to copy or reproduce any part of any materials (except as permitted therein) received in connection with the Exchange Offers, (2) not to distribute or disclose any part of such materials or any of their contents (except as permitted therein) to anyone other than, if applicable, the aforementioned beneficial owners on whose behalf the undersigned is acting and (3) to notify the Offeror if any of the representations the undersigned makes in this letter cease to be correct.

                                                                              Very truly yours,

Existing Notes CUSIP/ISIN Insert Principal Amount of Existing Notes Owned
4.125% Senior Notes due 2029 25470DCA5 US25470DCA54
3.625% Senior Notes due 2030 25470DCC1 US25470DCC11
5.000% Senior Notes due 2037 25470DBY4 US25470DBY40
6.350% Senior Notes due 2040 25470DBZ1 US25470DBZ15
4.95% Senior Notes due 2042 25470DBW8 US25470DBW83
4.875% Senior Notes due 2043 25470DBX6 US25470DBX66
5.200% Senior Notes due 2047 25470DBV0 US25470DBV01
5.300% Senior Notes due 2049 25470DBU2 US25470DBU28
4.054% Senior Notes due 2029 55903V BY8 US55903VBY83 55903VBX0 US55903VBX01
4.054% Senior Notes due 2029 U55632AT7 USU55632AT75
4.279% Senior Notes due 2032 55903VBY8 US55903VBY83 55903VBX0 US55903VBX01
4.279% Senior Notes due 2032 U55632AT7 USU55632AT75
5.050% Senior Notes due 2042 55903VBQ5 US55903VBQ59 55903VBP7 US55903VBP76
5.050% Senior Notes due 2042 55903VBW2 US55903VBW28 55903VBV4 US55903VBV45
5.141% Senior Notes due 2052 U55632AS9 USU55632AS92
4.302% Senior Notes due 2030 XS3099830765 309983076
4.693% Senior Notes due 2033 XS3099829593 309982959
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