Investor Presentation

Better day at work for less (1) Better place to work Enhanced flexibility for specific real estate needs 80% of members report increased productivity since joining WeWork 78% 15 years Shorter lease term WeWork vs standard lease cost per employee 10 representative city centers in the United States, Europe, South America and Asia 66% $21,594 savings Buildout: Construction Procurement $4,436 Operations: Base rent Maintenance Cleaning Complete flexibility Printing of enterprise members say we have helped them Illustrative Enterprise wework Lease Term (2) FIXED VARIABLE attract and retain talent New lease accounting standards may further incentivize CFOs to sign flexible / short-term commitments Utilities Insurance Property tax F&B Events Design $17,158 $7,304 Standard lease + Buildout wework (4) + Operations (3) (1) Source: Global Impact Report commissioned by us and produced in partnership with HR&A Advisors, Inc. ("Global Impact Report") and WeWork member census. (2) Represents average term of our leases with third party landlords. (3) Sources: Building Owners and Managers Association (BOMA); CoStar Office Market Statistics; International Facility Management Association (IFMA); CBRE Office Occupancy Costs; Cushman Global Occupancy Report 2017; and third-party research. Comparison data represents annualized costs based on an average of ten select city centers in the United States, Europe, South America and Asia that are representative of our key markets. "Standard lease" includes the costs associated with food and beverage, events, utilities, insurance, property taxes, facilities management and base rent. "Build-out" includes the costs associated with construction, procurement and design services offset by a tenant improvement allowance amortized over an illustrative five-year lease. (4) Represents average revenue per WeWork membership for the six months ended June 30, 2019 across the same ten select city centers as above. 11

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