TPG Results Presentation Deck

4Q'20 Pro Forma GAAP Statements of Operations ($ in thousands) Revenues Fees and other Capital allocation-based income Total revenues Expenses Compensation and benefits Performance allocation compensation General, administrative and other Depreciation and amortization Interest expense Expenses of consolidated TPG Funds and Public SPACs: Interest expense Other Total expenses Investment income Income from investments: Net gains from investment activities Interest, dividends and other Investment income of consolidated TPG Funds and Public SPACs: Net gains (losses) from investment activities Unrealized gains (losses) on derivative liabilities Interest, dividends and other Total investment income Income before income taxes Income tax expense Net income Less: Net (loss) income attributable to redeemable equity in Public SPACS Net (loss) income attributable to non-controlling interests in consolidated TPG Funds Net (loss) income attributable to other non-controlling interests Net income attributable to TPG Inc. See footnotes on the following pages. GAAP 4Q'20 $ 224,285 1,326,148 1,550,433 116,074 65,095 1,761 4,449 276 3,951 191,606 25,347 1,955 (197) (239,269) 1,031 (211,133) 1,147,694 3,933 1,143,761 (195,906) 1,402 730,107 608,158 Reorganization and Other Transaction Adjustments $ 4,294 (17,806) (13,512) (21,509) 747,290 998 (276) 1,238 727,741 (25,347) (771) 197 (1,020) (26,941) (768,194) 1,487 (769,681) (1,402) (258,641) (509,638) $ Offering Transaction Adjustments $ 138,684 138,684 (138,684) 11,502 (150,186) (96,638) (53,548) Pro Forma 4Q'20 $ $ 228,579 1,308,342 1,536,921 233,249 747,290 65,095 1,761 5,447 (239,269) (1) 5,189 (1) 1,058,031 (3) (1) (1) 1,184 (1) (238,074) 240,816 16,922 223,894 (5-7) (5) (195,906) (4) 374,828 44,972 11 (1) (1) (1), (8) (1) (1-5), (9) TPG | 39

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