🟢 New in Current Filing Market Developments and General Business Environment 🔒

🟢 New in Current Filing Our businesses, profitability and liquidity may be adversely affected by deterioration in the credit quality of or defaults by third parties. 🔒

🟢 New in Current Filing The development and use of artificial intelligence (AI) present risks and challenges that may adversely impact our business. 🔒

🟢 New in Current Filing A failure to protect our computer systems, networks and information, and our clients’ information, against cyber attacks and similar threats could impair our ability to conduct our businesses, result in the disclosure, theft or destruction of confidential information, damage our reputation and cause losses. 🔒

🟢 New in Current Filing The development and use of artificial intelligence (AI) present risks and challenges that may adversely impact our business. 🔒

🟢 New in Current Filing Our business, financial condition, liquidity and results of operations have been adversely affected by disruptions in the global economy caused by conflicts, and related sanctions and other developments. 🔒

🔴 No Match in Current Filing Concentration of risk increases the potential for significant losses in our market-making, underwriting, investing and financing activities. 🔒

🔴 No Match in Current Filing Our commodities activities, particularly our physical commodities activities, subject us to extensive regulation and involve certain potential risks, including environmental, reputational and other risks that may expose us to significant liabilities and costs. 🔒

🔴 No Match in Current Filing Our business, financial condition, liquidity and results of operations may be adversely affected by disruptions in the global economy caused by Russia’s invasion of Ukraine and related sanctions and other developments. 🔒

🔴 No Match in Current Filing Certain of our businesses, our funding instruments and financial products may be adversely affected by changes in or the discontinuance of Interbank Offered Rates (IBORs), in particular USD LIBOR. 🔒

🟡 Modified The growth of electronic trading and the introduction of new products and technologies, including trading and distributed ledger technologies, including cryptocurrencies, has increased competition. 🔒

🟡 Modified Our commodities activities, particularly our physical commodities activities, subject us to extensive regulation and involve certain potential risks, including environmental, reputational and other risks that may expose us to significant liabilities and costs. 🔒

🟡 Modified Our businesses have been and may in the future be adversely affected by conditions in the global financial markets and broader economic conditions. 🔒

🟡 Modified Concentration of risk increases the potential for significant losses in our market-making, underwriting, investing and financing activities. 🔒

🟡 Modified Substantial civil or criminal liability or significant regulatory action against us could have material adverse financial effects or cause us significant reputational harm, which in turn could seriously harm our business prospects. 🔒

🟡 Modified The application of regulatory strategies and requirements in the U.S. and in non-U.S. jurisdictions to facilitate the orderly resolution of large financial institutions could create greater risk of loss for Group Inc.’s security holders. 🔒

🟡 Modified We may incur losses as a result of ineffective risk management processes and strategies. 🔒

🟡 Modified We may not be able to fully realize the expected benefits or synergies from acquisitions or other business initiatives in the time frames we expect, or at all. 🔒

🟡 Modified Our businesses and those of our clients are subject to extensive and pervasive regulation around the world. 🔒

🟡 Modified Our business, financial condition, liquidity and results of operations may be adversely affected by disruptions in the global economy caused by escalating tensions between the U.S. and China. 🔒

🟡 Modified The application of Group Inc.’s proposed resolution strategy could result in greater losses for Group Inc.’s security holders. 🔒

🟡 Modified A failure to appropriately identify and address potential conflicts of interest could adversely affect our businesses. 🔒

🟡 Modified Our businesses, profitability and liquidity may be adversely affected by deterioration in the credit quality of or defaults by third parties. 🔒

🟡 Modified Certain of our businesses and our funding instruments may be adversely affected by changes in reference rates, currencies, indexes, baskets or ETFs to which products we offer or funding that we raise are linked. 🔒

🟡 Modified A failure to appropriately identify and address potential conflicts of interest could adversely affect our businesses. 🔒

🟡 Modified The growth of electronic trading and the introduction of new products and technologies, including trading and distributed ledger technologies, including cryptocurrencies, has increased competition. 🔒

🟡 Modified Group Inc. is a holding company and its liquidity depends on payments and loans from its subsidiaries, many of which are subject to legal, regulatory and other restrictions on providing funds or assets to Group Inc. 🔒

🟡 Modified In conducting our businesses around the world, we are subject to political, legal, regulatory and other risks that are inherent in operating in many countries. 🔒

🟡 Modified We may be adversely affected by increased governmental and regulatory scrutiny or negative publicity. 🔒

🟡 Modified Market Developments and General Business Environment 🔒

🟡 Modified Climate change could disrupt our businesses and adversely affect client activity levels and the creditworthiness of our clients and counterparties, and our actual or perceived action or inaction relating to climate change could result in damage to our reputation. 🔒

🟡 Modified Substantial civil or criminal liability or significant regulatory action against us could have material adverse financial effects or cause us significant reputational harm, which in turn could seriously harm our business prospects. 🔒

🟡 Modified The financial services industry is highly competitive. 🔒

🟡 Modified Our businesses would be adversely affected if we are unable to hire and retain qualified employees. 🔒

🟡 Modified Climate change could disrupt our businesses and adversely affect client activity levels and the creditworthiness of our clients and counterparties, and our actual or perceived action or inaction relating to climate change could result in damage to our reputation. 🔒

🟡 Modified The application of regulatory strategies and requirements in the U.S. and in non-U.S. jurisdictions to facilitate the orderly resolution of large financial institutions could create greater risk of loss for Group Inc.’s security holders. 🔒

🟡 Modified We face enhanced risks as we operate in new locations and transact with a broader array of clients and counterparties. 🔒

🟡 Modified We may incur losses as a result of ineffective risk management processes and strategies. 🔒

🟡 Modified Our businesses, financial condition, liquidity and results of operations have been and may in the future be adversely affected by unforeseen or catastrophic events, including pandemics, terrorist attacks, wars, extreme weather events or other natural disasters. 🔒

🟡 Modified Our businesses have been and may in the future be adversely affected by declining asset values, particularly where we have net “long” positions, receive fees based on the value of assets managed, or receive or post collateral. 🔒

🟡 Modified Our businesses would be adversely affected if we are unable to hire and retain qualified employees. 🔒

🟡 Modified A failure or disruption in our infrastructure, or in the operational systems or infrastructure of third parties, could impair our liquidity, disrupt our businesses, damage our reputation and cause losses. 🔒

🟡 Modified Certain of our businesses and our funding instruments may be adversely affected by changes in reference rates, currencies, indexes, baskets or ETFs to which products we offer or funding that we raise are linked. 🔒

🟡 Modified Legal and Regulatory 🔒

🟡 Modified Our business, financial condition, liquidity and results of operations have been adversely affected by disruptions in the global economy caused by conflicts, and related sanctions and other developments. 🔒

🟡 Modified Our results have been and may in the future be adversely affected by the composition of our client base. 🔒

🟡 Modified We may be adversely affected by increased governmental and regulatory scrutiny or negative publicity. 🔒

🟡 Modified Our commodities activities, particularly our physical commodities activities, subject us to extensive regulation and involve certain potential risks, including environmental, reputational and other risks that may expose us to significant liabilities and costs. 🔒

🟡 Modified Our businesses have been and may in the future be adversely affected by conditions in the global financial markets and broader economic conditions. 🔒

🟡 Modified In conducting our businesses around the world, we are subject to political, legal, regulatory and other risks that are inherent in operating in many countries. 🔒

🟡 Modified Climate change could disrupt our businesses and adversely affect client activity levels and the creditworthiness of our clients and counterparties, and our actual or perceived action or inaction relating to climate change could result in damage to our reputation. 🔒

🟡 Modified The financial services industry is highly competitive. 🔒

🟡 Modified Concentration of risk increases the potential for significant losses in our market-making, underwriting, investing and financing activities. 🔒

🟡 Modified A failure to protect our computer systems, networks and information, and our clients’ information, against cyber attacks and similar threats could impair our ability to conduct our businesses, result in the disclosure, theft or destruction of confidential information, damage our reputation and cause losses. 🔒

🟡 Modified We face enhanced risks as we operate in new locations and transact with a broader array of clients and counterparties. 🔒

🟡 Modified The application of Group Inc.’s proposed resolution strategy could result in greater losses for Group Inc.’s security holders. 🔒

🟡 Modified Our businesses would be adversely affected if we are unable to hire and retain qualified employees. 🔒

🟡 Modified Our commodities activities, particularly our physical commodities activities, subject us to extensive regulation and involve certain potential risks, including environmental, reputational and other risks that may expose us to significant liabilities and costs. 🔒

🟡 Modified Substantial civil or criminal liability or significant regulatory action against us could have material adverse financial effects or cause us significant reputational harm, which in turn could seriously harm our business prospects. 🔒

🟡 Modified Legal and Regulatory 🔒

🟡 Modified The growth of electronic trading and the introduction of new products and technologies, including trading and distributed ledger technologies, including cryptocurrencies, has increased competition. 🔒

🟡 Modified Operational 🔒

🟡 Modified The financial services industry is highly competitive. 🔒

🟡 Modified Our businesses, profitability and liquidity may be adversely affected by deterioration in the credit quality of or defaults by third parties. 🔒

🟡 Modified Certain of our businesses and our funding instruments may be adversely affected by changes in reference rates, currencies, indexes, baskets or ETFs to which products we offer or funding that we raise are linked. 🔒