You have a Microsoft 365 E5 subscription and a Microsoft Teams deployment that contains the users shown in the following table. You plan to use a custom policy package to contain a set of meeting…

This is incorrect because not only the admin creating the package but also the users assigned the custom package require a Teams Premium license.

This is incorrect because all users involved (admin creating, users assigned) need the Teams Premium license, not just User2.

This is incorrect because the admin who creates the custom policy package also requires a Teams Premium license, in addition to the users who are assigned it.

The ability to create, customize, and assign custom policy packages in Microsoft Teams is a feature that requires a Teams Premium license. Therefore, Admin1, who creates the custom policy package, and User1 and User2, who are assigned the custom policy package, all need a Teams Premium license.