Goldman Sachs Announces Publication of Business Standards Committee Report

New York, January 11, 2011 - The Goldman Sachs Group, Inc. (NYSE: GS) today announced the publication of the report issued by its Business Standards Committee.

The Business Standards Committee was created in May 2010 to conduct a review to ensure that our business standards and practices are of the highest quality, that they meet or exceed the expectations of our clients, stakeholders and regulators and that they contribute to overall financial stability and economic opportunity. The recommendations of the report have been approved by the firm’s senior management and the Board of Directors and implementation has already begun.

Lloyd C. Blankfein, Chairman and CEO of The Goldman Sachs Group, Inc., said, “We believe the recommendations in this report represent a fundamental re-commitment of Goldman Sachs to our clients and to reputational excellence in everything the firm does.”

The full report is available on the firm’s Web site at

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 high-net-worth individuals. Founded in 1869, 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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