Goldman Sachs Announces New Members of the Partnership Pool and New Managing Directors

NEW YORK The Goldman Sachs Group Inc. (NYSE:GS) announced today that it has invited 78 individuals to join the firm’s Partnership Pool, and 160 individuals to become Managing Directors, as of November 30, 2002, the start of the firm’s fiscal year.

Commenting on the announcement, Henry M. Paulson, Jr., Chairman and Chief Executive Officer, said: “We congratulate our new members of the Partnership Pool and the new Managing Directors, who represent a broad cross-section of the firm’s businesses and global presence. Their leadership has contributed to, and will continue to drive, the firm’s culture and success.”

The Partnership Pool was established at the time of Goldman Sachs’ public offering in May 1999 to maintain various core aspects of the firm’s partnership culture among its leaders, including teamwork, client focus and a commitment to excellence. Goldman Sachs chooses new Managing Directors annually and new Partnership Pool members biennially.

We are pleased to announce that the following individuals have been invited to join the Partnership Pool as of November 30, 2002, the start of our next fiscal year.

Peter C. Aberg
Syed H. Ahmad
Dean C. Backer
Adam P. Barrett
Frances R. Bermanzohn
John D. Campbell
Geoffrey G. Clark
Lawrence A. Cohen
Brahm S. Cramer
Neil D. Crowder
Michael D. Daffey
Michael G. De Lathauwer
Mark F. Dehnert
Juan A. Del Rivero
Martin R. Devenish
Armando A. Diaz
William C. Dudley
Stephen C. Fitzgerald
Robert K. Frumkes
Enrico S. Gaglioti
Rajiv A. Ghatalia
Scott A. Gieselman
William M. Grathwohl
Stefan Green
Celeste A. Guth
Melina E. Higgins

Kenneth W. Hitchner
Maykin Ho
Peter Hollmann
Robert C. Jones
Carsten Kengeter
Shigeki Kiritani
Eric S. Lane
Gregg R. Lemkau
Ryan D. Limaye
Josephine Linden
Anthony W. Ling
Victor M. Lopez-Balboa
Mark G. Machin
John J. Masterson
George N. Mattson
Joseph M. McConnell
John W. McMahon
Robert A. McTamaney
Christian A. Meissner
Andrew L. Metcalfe
Therese L. Miller
William C. Montgomery
Gregory T. Mount
L. Peter O’Hagan
Andrea Ponti
Richard H. Powers

Charlotte P. Ransom
Joseph Ravitch
Ivan Ross
Masanori Sato
Marcus Schenck
Stephen M. Scherr
Harvey M. Schwartz
Lisa M. Shalett
Sarah E. Smith
Daniel L. Sparks
Steven H. Strongin
Andrew J. Stuart
Greg W. Tebbe
Stephen S. Trevor
Michael A. Troy
Eiji Ueda
Kaysie P. Uniacke
Ashok Varadhan
John E. Waldron
Gregg S. Weinstein
Matthew C. Westerman
C. Howard Wietschner
Susan A. Willetts
John S. Willian
Paul M. Young
William J. Young

We are pleased to announce that the following individuals have been invited to become Managing Directors as of November 30, 2002, the start of our next fiscal year.

Hilary E. Ackermann
Jeffrey D. Adams
Elizabeth D. Anderson
Jason R. Anderson
Jesus A. Arias
Charles Baillie
Bernardo Bailo
Mona H. Baird
Andrew T. Bednar
Douglas S. Bell
Driss Ben Brahim
Anna Maria J. Bentley
Susan M. Benz
Johannes M. Boomaars
Douglas L. Borden
J. Theodore Borter
Mairtin Brady
Timothy J. Bridges
Victoria A. Bridges
Julia A. Bronson
David D. Buckley
Nicholas F. Burgin
Sally W. Cantwell
Gerald J. Cardinale
Mark J. Carney
Lik Shuen David Chan
Thomas V. Cholnoky
Colin Coleman
Kenneth W. Coquillette
Michael J. Crinieri
Craig W. Crossman
Jeffrey R. Currie

Stephen D. Daniel
Katherine R. Davisson
Giorgio De Santis
Bradley S. DeFoor
Alvaro del Castano
Roger E. Denby-Jones
David G. Dick
David C. Earling
Robert K. Ehudin
Kathy G. Elsesser
Peter C. Enns
Katherine B. Enquist
Fred W. Esiri
James P. Esposito
Douglas L. Feagin
Gail S. Fierstein
Pierre-Henri Flamand
Mark C. Fletcher
Timothy T. Furey
Maryann L. Gallivan
Gonzalo R. Garcia
Hywel D. George
Justin G. Gmelich
Eldridge F. Gray
Michael J. Grimaldi
Benoit Herault
Axel Hoerger
Simon N. Holden
Shin Horie
Adrian M. Jones
Terrence O. Jones
Shunji Katayama

Alan S. Kava
Andreas Koernlein
J. Christopher A. Kojima
Kazuaki Kojima
Jeffrey A. Kolitch
Takahiro Komatsu
Srihari Kumar
Joon Kwun
Simon M. Lamb
Joseph A. LaNasa III
Rudolf N. Lang
Brian J. Lee
George C. Lee
Tim Leissner
Allan S. Levine
Brian T. Levine
Lisette M. Lieberman
Terence Tayseop Lim
Mark A. Lynch
Paula B. Madoff
Puneet Malhi
Jean E. Manas
Simon I. Mansfield
Naomi Matsuoka
Gordon R. McCulloch
Matthew B. McLennan
Stephen J. Mellas
Bruce H. Mendelsohn
Garry E. Menzel
Michael J. Millette
Milton R. Millman
Philip J. Moffitt

Simon P. Morris
Thomas C. Morrow
Alvise J. Munari
Marc O. Nachmann
Claire M. Ngo
Erik F. Nielsen
Hideya Niimi
David J. Nolan
James B. Otness
Simon Y. Park
Douglas S. Patterson
David T. Pearson
Steven M. Pinkos
Stacy B. Polley
Alberto Pravettoni
Andrew F. Pyne
William M. Quinn
Jean Raby
Matthew Rafferty
Sandy C. Rattray
Nicholas T. Reid
David Reilly
Richard J. Revell
Craig Reynolds
Kirk L. Rimer
Juliet A. Robinson
David J. Rosenblum
Marc A. Rothenberg
Thomas A. Roupe
Roy J. Salameh
Daniel Schmitz
Matthew L. Schroeder

Peter A. Seibold
Hiran N. Selvaratnam
Daniel M. Shefter
David A. Shiffman
Susan E. Sidd
Daniel J. Silber
Guy C. Slimmon
Claudia Spiess
Joseph F. Squeri
Christoph W. Stanger
Chase O. Stevenson
Richard J. Stingi
Howard B. Surloff
Kunio Tahara
Kui F. Tang
Roland W. Tegeder
Stephen M. Thurer
Irene Y. Tse
Scott B. Ullem
Kevin M. Ulrich
Robin A. Vince
Andrea A. Vittorelli
Theodore T. Wang
Mark K. Weeks
Melanie J. White
Elisha Wiesel
Meurig R. Williams
Alexander D. Wohl
Neil J. Wright
Denise A. Wyllie
Yi Kevin Zhang
John W. Ziegler

Goldman Sachs is a leading global investment banking and securities 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.