WeWork Investor Presentation Deck

(1) (2) Drivers of location contribution margin Location maturity (1) (3) (4) Location contribution margin as a % of membership and service revenue 10% Total Consolidated 15% (5%) Non-cash GAAP straight-line lease cost as a % of membership and service revenue Benefit of non-cash lease incentives as a % of membership and service revenue 32% of locations have been open for >24 months 0-6 months (24%) 44% (8%) 5% 7-12 months 21% (4%) 17% 13-24 months 12% (5%) 21% 24+ months 4% (5%) Market maturity(2)(3) 43% of locations in Top 7 markets 14% Mature locations outside Top 7 markets 3% (5%) 24% Mature locations in Top 7 markets 4% (5%) Enterprise membership (3) (4) 25% of locations have >50% enterprise members 32% 19% Mature locations w/ >50% SMB members 4% (5%) Mature locations w/ >50% enterprise members 1% Note: Charts represent 1H '19 location contribution margin Based on number of months a location has been open as of June 1, 2019. Includes our seven largest markets by memberships as of June 1, 2017, which represents 29 cities with open locations as of June 1, 2019, including Boston, Los Angeles, Santa Monica, Pasadena, Irvine, Manhattan Beach, Long Beach, Burbank, West Hollywood, Costa Mesa, Culver City, El Segundo, Playa Vista, London, New York, Astoria, Brooklyn, Long Island City, San Francisco, Oakland, Mountain View, San Mateo, Mill Valley, Berkeley, Emeryville, Chicago, Washington, D.C., McLean and College Park. Excludes our corporate headquarters in New York, San Francisco and London, as well as two WeLive locations. Mature locations defined as locations that have been open for greater than 24 months. Enterprises defined as members with 500+ employees (5%) 20

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