Voting Instruction Program

Program Overview

The Goldman Sachs Voting Instruction Program is designed to provide a new and easy way for our retail (i.e., individual) shareholders to make their voices heard.

By enrolling in the Goldman Sachs Voting Instruction Program, you can establish a “standing voting instruction” for your account(s).

This means that – going forward – whenever Goldman Sachs files a definitive proxy statement for a shareholders’ meeting, your eligible shares will be automatically voted on your behalf according to your pre-selected instruction.

Benefits of Setting a Standing Voting Instruction

Free and easy way to ensure your shares are voted on important matters

Vote in accordance with the Goldman Sachs Board’s recommendations (with the option to override for any meeting or proposal)

Change or cancel/opt out of your voting instruction for future meetings at no cost

No change to your voting rights, voting choices or the information you receive

Participation is voluntary

How to Enroll

Enrolling is simple and easy.

Step 1

Look for an email or letter inviting you to opt in to the Goldman Sachs Voting Instruction Program.

Please note, enrollment is on an account-by-account basis; you will receive a separate communication for each of your eligible accounts.

Step 2

This email or letter will contain a personalized sign-up link to opt in to the Voting Instruction Program. See a sample email and letter for reference.

Follow the link or QR code to the enrollment portal where you can opt in to the program and set a standing voting instruction.

Step 3

Carefully review the information on the enrollment portal and, if you want to opt in, you can do so with just a few clicks.

Frequently Asked Questions

What is the Voting Instruction Program?

Goldman Sachs is offering its retail (i.e., individual) shareholders a new and easy way to make their voices heard.
Other participants in the proxy process have the ability to put advance voting policies in place or to delegate voting to advisors. This program is intended to offer a similar option to our retail (i.e., individual) shareholders.
Selecting a standing voting instruction will not change any voting rights for any shareholder.
If you select and submit a standing voting instruction for your account(s), you are agreeing that - going forward - when Goldman Sachs files a definitive proxy statement with the U.S. Securities and Exchange Commission (SEC) in connection with any shareholders' meeting or shareholder vote - pursuant to your selected instruction - eligible shares in your designated account(s) will be automatically voted on your behalf. Goldman Sachs’s vote processing agent will submit a dated proxy on your behalf that provides for your vote to be cast accordingly. You will not need to take any further action to ensure your shareholder voice is heard unless you wish to change your vote for any particular proposal.
Enrollment is voluntary; there is no cost for enrolling.

What are my choices for voting instructions pursuant to the Voting Instruction Program?

Pursuant to the program, retail (i.e., individual) shareholders may put in place a "standing voting instruction" to vote in accordance with the recommendations of the Goldman Sachs Board of Directors.
You have a choice of putting an instruction in place for all matters or for matters other than special situations:
- Option 1 - Vote with the Board on all matters: Vote my shares in accordance with the recommendations made by the Goldman Sachs Board of Directors on all proposals.
- Option 2 - Vote with the Board except in special situations: Vote my shares in accordance with the recommendations made by the Goldman Sachs Board of Directors other than on: (1) any contested director election and (2) any acquisition, merger or divestiture transaction that, under applicable state law or stock exchange rules, requires approval of Goldman Sachs’ shareholders.

Does the Voting Instruction Program limit or change my voting rights?

No! The Voting Instruction Program does not limit any shareholders' voting choices or voting rights:
- All shareholders - including participants in the Voting Instruction Program - will continue to receive copies of all definitive proxy statements filed by Goldman Sachs.
- All shareholders - including participants in the Voting Instruction Program - will continue to receive a proxy card or voting instruction form from Goldman Sachs or their bank, broker or plan administrator (as applicable) in connection with any shareholder votes or any shareholders' meeting.

How do standing voting instructions work?

For all shareholder votes or shareholders' meetings following your submission of a standing voting instruction, each time Goldman Sachs files a definitive proxy statement with the U.S. Securities and Exchange Commission (SEC), a proxy providing for your vote to be cast in accordance with your standing voting instruction will be immediately submitted. To this end, Goldman Sachs’s vote processing agent will submit a dated proxy on your behalf that provides for your vote to be cast accordingly.
Unless you wish to change your vote for that particular meeting, no action is needed to ensure your voice is heard:
- Even with a standing voting instruction in place, you will continue to receive copies of all definitive proxy statements filed by Goldman Sachs.
- You maintain the ability to vote differently on any particular proposal through the proxy card or voting instruction form that you will continue to receive from Goldman Sachs or your bank, broker or plan administrator (as applicable).
- Note that your standing voting instruction will remain effective and in place for every shareholder vote or shareholders' meeting until you change or cancel/opt out of the instruction for your account(s).
- You will receive an annual reminder of your standing voting instruction that will include instructions for how to change or cancel/opt out of your instruction for your account(s).

Why set a standing voting instruction?

Will Goldman Sachs communicate with me about my instruction?

You will receive an annual reminder of your standing voting instruction that will include instructions for how to change or cancel/opt out of your instruction.
If you selected the "Vote with the Board on all matters" instruction, you will also receive an additional reminder of your instruction prior to any meeting involving (1) any contested director election and (2) any acquisition, merger or divestiture transaction that, under applicable state law or stock exchange rules, requires approval of Goldman Sachs’ shareholders.
You will continue to receive copies of all definitive proxy statements filed by Goldman Sachs and you will continue to receive a proxy card or voting instruction form from Goldman Sachs or your bank, broker or plan administrator (as applicable) in connection with any shareholder vote or any shareholders' meeting.

Who can participate in the Voting Instruction Program?

Retail (i.e., individual) shareholders holding GS Common Stock - whether shareholders of record or beneficial owners of shares held in street name - can participate in the Voting Instruction Program.
Other participants in the proxy process already have the ability to put advance voting policies in place or to delegate voting to advisors and thus are not currently eligible for the Voting Instruction Program.

Do I have to sign up for each of my accounts?

How can I change or cancel/opt out of my standing voting instruction?

You may change or cancel/opt out of your standing voting instruction any time through our Voting Instruction Program processing agent, Broadridge.
You can check or change (e.g., cancel/opt out) your enrollment status on an account-by-account basis by going to https://investor.broadridge.com/svi/gs and entering your email address for a personalized, account-specific link.
- Please note, you may receive more than one link if you have more than one account associated with that email address; if you have different email addresses associated with different accounts, enter each of those addresses to receive additional account-specific links.
You will also receive an annual reminder communication that will include instructions for how to change or cancel/opt out of your instruction.
Your change or cancellation/opt-out will become effective beginning for any shareholders' meeting or shareholder vote set forth in the Goldman Sachs definitive proxy statement filed with the SEC after the date of your change or cancellation/opt-out. If you submit your change or cancellation/opt-out after the filing of a definitive proxy statement but before the date of the applicable vote or shareholders' meeting, that change or cancellation/opt-out will not apply to that particular vote or meeting but will apply to subsequent votes and meetings.

Can I change my vote for a particular meeting or matter without impacting my standing voting instruction?

Yes! Vote as normal.
You will continue to receive copies of all definitive proxy statements filed by Goldman Sachs and you will continue to receive a proxy card or voting instruction form from Goldman Sachs or your bank, broker or plan administrator (as applicable) in connection with any shareholder vote or any shareholders' meeting.
To change your vote only for a particular meeting or matter, you can use these materials to vote as normal and this vote will override your standing voting instruction for that meeting or matter. Your standing voting instruction will remain in place for future meetings.

What if I want to change my vote?

To change your vote for a particular meeting or matter: vote as normal.
You will continue to receive copies of all definitive proxy statements filed by Goldman Sachs and you will continue to receive a proxy card or voting instruction form from Goldman Sachs or your bank, broker or plan administrator (as applicable) in connection with any shareholder vote or any shareholders' meeting.
To change your vote only for a particular meeting or matter, you can use these materials to vote as normal and this vote will override your standing voting instruction for that meeting or matter. Your standing voting instruction will remain in place for future meetings.
To change or cancel/opt out of your voting instruction, see details above.

What if I can’t find my enrollment communication?

You can generate a new enrollment email by going to https://investor.broadridge.com/svi/gs and entering your email address for a personalized, account-specific link. You can also use this link to check or change (e.g., cancel/opt out) your enrollment status on an account-by-account basis.
- Please note, you may receive more than one link if you have more than one account associated with that email address; if you have different email addresses associated with different accounts, enter each of those addresses to receive additional account-specific links.

Contact Us

If you have additional questions on the Goldman Sachs Voting Instruction Program, email us at: voting.instructions@gs.com.

IMPORTANT INFORMATION ABOUT THE GOLDMAN SACHS VOTING INSTRUCTION PROGRAM

In connection with any shareholder vote, including any annual or special shareholder meetings, The Goldman Sachs Group, Inc. (“Goldman Sachs”) will file with the U.S. Securities and Exchange Commission (the “SEC”) a definitive proxy statement on Schedule 14A and proxy card (together, “Proxy Materials”) with respect to its solicitation of proxies therefor. The Proxy Materials will contain important information about the matters to be voted on at that specific meeting as well as the participants in any such solicitation.

SHAREHOLDERS OF GOLDMAN SACHS ARE URGED TO READ THESE PROXY MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT GOLDMAN SACHS AND THE MATTERS TO BE VOTED ON AT THAT SPECIFIC MEETING.

Shareholders will be able to obtain free copies of all Proxy Materials and other documents filed with the SEC by Goldman Sachs through the website maintained by the SEC at www.sec.gov. Copies of these documents will also be available for free at the Goldman Sachs website (www.gs.com/shareholders) or by contacting Investor Relations at gs-investor-relations@gs.com.

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Voting Instruction Program

Program Overview

Benefits of Setting a Standing Voting Instruction

How to Enroll

Step 1

Step 2

Step 3

Frequently Asked Questions

Contact Us

Voting Instruction Program

Program Overview

Benefits of Setting a Standing Voting Instruction

How to Enroll

Step 1

Step 2

Step 3

Frequently Asked Questions

Contact Us

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