Investor Presentaiton

LIBOR Transition We are committed to ensuring a seamless transition for our clients, the marketplace and our firm Leadership Accountability Chief LIBOR transition officer and dedicated, global transition team since 2018 to drive work and be responsive to client needs in accordance with industry recommended timelines Meeting Investor Needs Diversifying our funding sources in alternative risk-free rates that will be suitable in a post LIBOR world Manageable LIBOR Exposure Majority of our LIBOR exposures are in derivatives, where we expect a reasonably orderly transition given industrywide ISDA protocols GS has adhered to the ISDA protocol across all applicable entities, and is supportive of widespread industrywide adherence Supportive of the proposed legislative solutions to aid with 'tough legacy' LIBOR contracts, in a globally coordinated manner Remain committed and continue to prepare to transition timelines Outstanding Benchmark Debt and Preferred Stock Referencing USD LIBORS ($bn) As of 3Q20 Total Preferred Shares $9.1 Total Benchmark Debt $36.5 ~$14.2bn of debt will mature before July 2023 17

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