Xerox Holdings Investor Presentation — April 2021

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Earnings Presentation

2Forward -Looking Statements

This presentation, and other written or oral statements made from time to time by management contain “forward -looking statements ” as defined in the Private

Securities Litigation Reform Act of 1995. The words “anticipate”, “believe”, “estimate”, “expect”, “intend”, “will”, “should” , "targeting", "projecting", "driving" and similar

expressions, as they relate to us, our performance and/or our technology, are intended to identify forward -looking statements. T hese statements reflect management’s

current beliefs, assumptions and expectations and are subject to a number of factors that may cause actual results to differ materially. Such factors include but are not

limited to: the effects of the COVID -19 pandemic on our and our customers' businesses and the duration and extent to which this will impact our future results of

operations and overall financial performance; our ability to address our business challenges in order to reverse revenue decl ines, reduce costs and increase

productivity so that we can invest in and grow our business; our ability to attract and retain key personnel; changes in econ omic and political conditions, trade

protection measures, licensing requirements and tax laws in the United States and in the foreign countries in which we do bus iness; the imposition of new or

incremental trade protection measures such as tariffs and import or export restrictions; changes in foreign currency exchange rates; our ability to successfully develop

new products, technologies and service offerings and to protect our intellectual property rights; the risk that multi -year contr acts with governmental entities could be

terminated prior to the end of the contract term and that civil or criminal penalties and administrative sanctions could be i mposed on us if we fail to comply with the

terms of such contracts and applicable law; the risk that partners, subcontractors and software vendors will not perform in a timely, quality manner; actions of

competitors and our ability to promptly and effectively react to changing technologies and customer expectations; our ability toobtain adequate pricing for our

products and services and to maintain and improve cost efficiency of operations, including savings from restructuring actions ; the risk that confidential and/or

individually identifiable information of ours, our customers, clients and employees could be inadvertently disclosed or discl osed as a result of a breach of our security

systems due to cyber attacks or other intentional acts; reliance on third parties, including subcontractors, for manufacturin g of products and provision of services; the