Goldman Sachs Statement on Proposed Capital Actions

NEW YORK, June 28, 2017 – The Goldman Sachs Group, Inc. (NYSE: GS) today announced that the Federal Reserve Board did not object to its capital plan, which allows the firm to repurchase outstanding common stock, increase its common stock dividend and issue and redeem other capital securities.

“We are well positioned to continue to return capital to our shareholders while expanding our client franchise,” said Chairman and Chief Executive Officer Lloyd Blankfein.

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 individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

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