Lord Browne Resigns from the Goldman Sachs Board of DirectorsNEW YORK, May 10, 2007 – Lord Browne of Madingley has resigned as a member of the
Board of Directors of The Goldman Sachs Group, Inc.
Lord Browne has been a director of Goldman Sachs since the firm became a public company in May 1999. During that time, he has served with distinction as chairman of the Audit Committee and as a member of the Corporate Governance and Nominating Committee and the Compensation Committee.
Lloyd C. Blankfein, Chairman and CEO, said, "Lord Browne has made an enormous
contribution to Goldman Sachs and our culture of teamwork, excellence and client service. He
has approached every issue with extraordinary business acumen and an absolute commitment to the firm's success. His ability to identify and deal with the important issues affecting our
business and our people has helped guide this institution since we became a public company. On behalf of the people of Goldman Sachs, I would like to thank Lord Browne for his service to the firm and our shareholders."
Goldman Sachs is a leading global investment banking, securities and investment management
firm that provides a wide range of services worldwide to a substantial and diversified client base that 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.
Media Contact: Lucas van Praag
Investor Contact: John Andrews