Goldman Sachs owns organizations that operate independently as subsidiaries or affiliates. With approval from the Brand Marketing Group and legal, an organization may brand with an endorsement from Goldman Sachs. There are three types of endorsements shown here. The endorsement to use is based on the nature of the relationship between Goldman Sachs and the particular organization. Please consult the Brand Marketing Group to make that determination.

Follow these rules for wholly owned subsidiary identifiers:

• in all cases, the typographic endorser is set in Univers 57 Condensed Regular
• the endorser should always be aligned flush left below the logo of the company it is endorsing
• the endorser should always be printed in black

Sizing the company name and endorser is based on a relationship of the elements:

• the endorser height is "x" from the baseline to x-height of the letter
• the company logo is "3x" and the space between the two elements is always "2x"