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WeWork Investor Presentation Deck

China and Pacific occupancy cause Q3'19 mature occupancy to dip 178bps Mature Building Occupancy(¹) Key Mature Occupancy Drivers 93% EMEA 91% USCI LatAm Pacific China 1Q '18 94% 91% 87% 89% 2Q '18 US, Canada & Israel India 94% 89% 87% 83% 77% 3Q '18 92% 91% 88% 77% 81% 92% 89% 89% 75% 4Q '18 1Q '19 Europe, Middle East & Africa Latin America 95% 90% 81% 79% 77% 2Q '19 -China Pacific 89% 89% 88% 76% 69% 3Q '19 Europe, Middle East & Africa (14% of mature desks) US, Canada & Israel (65% of mature desks) Latin America (7% of mature desks) Pacific (4% of mature desks) China (8% of mature desks) Note: Figures exclude IndiaCo locations. Components may not add due to rounding. Occupancy reflects total physical memberships divided by total desks. Open desks defined as desks open within the first seven days of the last month of the period. (1) Mature building occupancy at locations that have been open for greater than 24 months ■ ■ ■ ■ Key Drivers 4 buildings in London saw occupancy dip below 80% Increased proportion of mature Tier 2 cities (e.g. Atlanta, Charlotte, and Dallas) Increase driven by higher occupancy locations in Sao Paulo Occupancy dips below 70% in 4 of 8 mature locations - Australia (2), Seoul (2) In 2019, 55% of Naked Hub locations are mature driving down mature occupancy 29
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