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Goldman Sachs Prices Secondary Common Stock Offering


NEW YORK, August 1, 2000 - The Goldman Sachs Group, Inc. (NYSE: GS) announced today that the secondary public offering by certain shareholders of 40 million shares of its common stock has been priced at US$99.75 per share. The selling shareholders have granted the underwriters a 30-day option to purchase up to six million shares of common stock to cover over-allotments.



Goldman Sachs is a leading global investment banking and securities firm, providing a full range of investing, advisory and financing services worldwide to a substantial and diversified client base, which includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, it is one of the oldest and largest investment banking firms. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.



A copy of the prospectus relating to the offering may be obtained from the Prospectus Department at Goldman, Sachs & Co., 85 Broad Street, New York, New York 10004 or as a printable PDF (130KB).



Contacts

Investor Contact:
John Andrews
Tel: 1-212-357-2674

Media Contact:
Kate Baum
Tel: 1-212-902-5400