film producer Allan Carr
film producer Robert Stigwood
Phonographic Copyright (p) RSO Records, Inc.
Produced For Paramount Pictures
From Grease, a Robert Stigwood / Allan Carr production of a Paramount Picture.

A similar issue without black ring on A side label also exists.
Rights Society: SABAM
Matrix / Runout: 2090-279A (A Side runout etched)
Matrix / Runout: 2090-279B (B Side runout etched)
Matrix / Runout: 2090 279 A (Label side A)
Matrix / Runout: 2090 279 B (Label side B)