NEW YORK -- The Goldman Sachs Group, Inc. (NYSE: GS) previously announced on April 21, 2020 that Motif Capital Management, Inc. ("Motif") would cease to serve as index provider for the Motif Capital Aging of America 7 ER Index, the Motif Capital National Defense 7 ER Index, the Motif Capital National Defense Price Return Index and the Motif Capital Artificial Intelligence 8 ER Index, which are referenced in certain structured products issued by GS Finance Corp., Goldman Sachs Bank USA and Goldman Sachs International (together with The Goldman Sachs Group, Inc., "Goldman Sachs"), and the Motif Capital Aging of America Index, which is used in calculating the Goldman Sachs Motif Aging of America Dynamic Balance Index.

On June 2, 2020, Goldman Sachs entered into a license agreement with Solactive AG ("Solactive") in connection with Solactive's expected creation of substitute indices for these Motif indices.

Solactive AG is an innovative index provider and financial data and technology provider that focuses on the development, calculation, and distribution of tailor-made indices across all asset classes. As at April 2020, Solactive AG served approximately 450 clients in Europe, America, and Asia, with approximately US$200 billion invested in products linked to indices calculated by the company globally, primarily via 450 exchange-traded funds from a number of well-known providers. Solactive AG was established in 2007 and is headquartered in Frankfurt, with additional offices in Berlin, Dresden, Hong Kong, and Toronto. For further information, please visit: www.solactive.com.

FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements that involve substantial risks and uncertainties. You can identify these statements by the use of forward-looking terminology such as "may," "will," "expect," "intend," or "continue" or the negatives thereof or other variations thereon or comparable terminology. You should read statements that contain these words carefully. These statements represent Goldman Sachs' belief regarding future events that, by their nature, are uncertain and outside of its control. Any forward-looking statement made by us in this press release speaks only as of the date on which we make it. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

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