WeWork Investor Presentation Deck

Better day at work for less (1) Better place to work 80% of members report increased productivity since joining WeWork 78% of enterprise members say we have helped them attract and retain talent Enhanced flexibility for specific real estate needs 15 years Illustrative Enterprise Lease Term (2) FIXED Shorter lease term Complete flexibility wework VARIABLE New lease accounting standards may further incentivize CFOs to sign flexible / short-term commitments WeWork vs standard lease cost per employee 10 representative city centers in the United States, Europe, South America and Asia Buildout: Construction Procurement Operations: Base rent Maintenance Cleaning Printing Utilities Insurance Property tax F&B Events Design $21,594 $4,436 $17,158 Standard lease + Buildout + Operations (3) 66% savings $7,304 wework (4) (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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