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Copyright West LLC. Minimum 15 minutes delayed.

Effective January 1, 2020, The Carlyle Group L.P. converted from a Delaware limited partnership to a Delaware corporation, The Carlyle Group Inc. (the “Conversion”). This presentation includes results for The Carlyle Group L.P. prior to the Conversion. As of any time prior to the Conversion, references to “Carlyle,” “the Company,” “our” and similar terms mean The Carlyle Group L.P. and its consolidated subsidiaries and, as of any time after the Conversion, The Carlyle Group Inc. and its consolidated subsidiaries. All references to shares or per share amounts prior to the Conversion refer to units or per unit amounts.