Disclaimer: This presentation has been prepared by STARTEEPO Invest, investiční fond s proměnným základním kapitálem, a.s. (the “Firm”) and reflects the Firm’s views as of the date of this presentation. The analyses and conclusions contained herein are based on publicly available information. The Firm recognizes that there may be confidential or non-public information in the possession of Xerox Holdings Corporation (the “Company”) or other parties that could lead such parties to disagree with the Firm’s analyses, conclusions, and opinions. This presentation is provided for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. All investments involve risk, including the potential loss of principal. The analysis contained herein may include forward-looking statements, estimates, projections, and illustrative scenarios, including with respect to the Company’s future operating performance, capital structure, market conditions, and valuation. Such statements, estimates, projections and illustrative scenarios reflect assumptions by the Firm about anticipated results that are inherently uncertain and subject to significant economic, competitive, regulatory, and other risks and contingencies. Actual results may differ materially from the estimates, projections or scenarios expressed or implied. The opinions, analyses and conclusions presented herein represent the views of the Firm only and not those of any third party. No representation or warranty, express or implied, is made as to the accuracy, completeness, or reliability of the information contained herein. The Firm expressly disclaims any liability relating to the use of this presentation or the information contained herein. The Firm is an investor in the Company and, together with its affiliates and partners, holds and may continue to hold a long position in securities of the Company. The Firm, or its affiliates and partners, may, at any time and without notice, buy, sell, reduce, increase, or otherwise change its investment position, including for reasons that may be inconsistent with the views expressed in this presentation. The Firm may engage in discussions with the Company’s management, board members, shareholders, and other market participants and may communicate its views publicly or privately. The Firm undertakes no obligation to update or revise the information, analyses, or opinions contained herein. This presentation reflects the subjective views, assumptions, and assessments of the Firm and should not be relied upon as the sole basis for any investment decision. The analyses and scenarios presented are for illustrative purposes only and are based on assumptions that may not prove to be accurate. While the Firm believes the calculations herein are based on reasonable assumptions, use of other assumptions could produce other conclusions.