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Goldman Sachs Appoints Michael Evans, Michael Sherwood Vice Chairmen

New York, February 27, 2008 - The Goldman Sachs Group, Inc. (NYSE: GS) today announced that J. Michael Evans and Michael S. Sherwood have been appointed vice chairmen of the firm, effective immediately.

Both Evans and Sherwood will continue to have global oversight of the securities business. Evans will remain chairman of Goldman Sachs Asia and Sherwood will remain co-chief executive officer of Goldman Sachs International. As firm vice chairmen, they join John S. Weinberg, who was appointed to that role in 2006.

“Mike and Michael have deep experience at Goldman Sachs across a range of businesses and regions,” said Lloyd Blankfein, Goldman Sachs Chairman and Chief Executive Officer. “In their new roles, they will be directly involved with firmwide management decisions related to people and strategy.”

Mike Evans joined the firm in 1993 as head of Equity Capital Markets in London. He was named a partner in 1994. In 1999 Mike became the global head of Equity Capital Markets and moved to New York and in 2001 he became the co-head of the Equities Division moving back to London. In 2003, Mike was named global co-head of the securities business based in New York. In 2004, he was named chairman of Goldman Sachs Asia and since that time has been based in Hong Kong.

Michael Sherwood joined the firm in 1986 in the Fixed Income Division in London and became a partner in 1994. He spent a year in New York as co-head of the Capital Markets Group in the Americas, head of Corporate Bond Trading and co-head of Emerging Markets Debt and in 2001 was named head of the Fixed Income Division in London. In 2003 he was named global co-head of the securities business. He has been a leading force behind the firm’s expansion into emerging markets.

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.

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Michael DuVally
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