Investor Presentaiton

Public Portfolio Increases in Value As more investments became publicly listed Footnotes: 2.6x Public Investments Value¹ $29.0B +$11.6B $7.2B June 30, 2018 #slack Uber GUARDANT $71.3B Private Investments¹ $18.8B June 30, 2019 THREE NEVADEL 众安保险 ZhangAn Insurance Public Investments¹ 15 1. Public and Private Investments' values include Fair Market Value of unrealized investments and Realized Gross Proceeds of exited investments and do not include proceeds from the related hedges. The Funds had not exited any investments as of June 30, 2018. As of June 30, 2019, the Vision Fund had fully exited Nvidia, a public investment with Realized Gross Proceeds of $4.3B, and Flipkart, a private investment with Realized Gross Proceeds of $3.9B. Realized Gross Proceeds do not take into account fees and expenses that would reduce the value of returns experienced by the Vision Fund's investors. Fair Market Value includes valuation uplifts that reflect unrealized estimated amounts, does not take into account fees or expenses at the time of exit that would reduce the value of returns experienced by investors, and should not be construed as indicative of actual or future performance. Information is presented on an aggregated basis across the Vision Fund and Delta Fund and is solely for illustrative purposes. Individual investors' results may vary. The Delta Fund did not hold any public investments as of each respective date. As of June 30, 2018, the Delta Fund held one private investment, DiDi which had a Fair Market Value of $5B. As of June 30, 2019, DiDi had been transferred from the Delta Fund to the Vision Fund. It should not be assumed that investments made in the future will be comparable in quality or performance to the investments described herein. References to specific investments should not be construed as a recommendation of any particular investment or security. SoftBank Vision Fund

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