Xerox Holdings Investor Presentation — July 2022

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Earnings Presentation

2Forward -Looking Statements

This presentation, and other written ororal statements made from time totime bymanagement contain “forward looking statements” asdefined inthePrivate

Securities Litigation Reform Actof1995 .Thewords “anticipate”, “believe”, “estimate”, “expect”, “intend”, “will”, “should”, “targeting”, “projecting”, “driving” andsimilar

expressions, asthey relate tous,ourperformance and/or ourtechnology, areintended toidentify forward -looking statements .These statements reflect management’s

current beliefs, assumptions andexpectations andaresubject toanumber offactors thatmay cause actual results todiffer materially .Such factors include butarenot

limited to:theeffects ofpandemics, such astheCOVID -19pandemic, onourandourcustomers' businesses andtheduration andextent towhich thiswillimpact our

future results ofoperations andoverall financial performance ;ourability toaddress ourbusiness challenges inorder toreverse revenue declines, reduce costs and

increase productivity sothatwecaninvest inandgrow ourbusiness ;ourability tosuccessfully develop new products, technologies andservice offerings andto

protect ourintellectual property rights ;reliance onthird parties, including subcontractors, formanufacturing ofproducts andprovision ofservices andtheshared

service arrangements entered intobyusaspart ofProject Own It;ourability toattract and retain keypersonnel ;theriskthat confidential and/or individually

identifiable information ofours, ourcustomers, clients andemployees could beinadvertently disclosed ordisclosed asaresult ofabreach ofoursecurity systems due

tocyberattacks orother intentional acts orthatcyberattacks could result inashutdown ofoursystems ;theriskthatpartners, subcontractors andsoftware vendors will

notperform inatimely, quality manner ;actions ofcompetitors andourability topromptly andeffectively react tochanging technologies andcustomer expectations ;

ourability toobtain adequate pricing forourproducts andservices andtomaintain andimprove cost efficiency ofoperations, including savings from restructuring and

transformation actions ;ourability tomanage changes intheprinting environment likethedecline inthevolume ofprinted pages and extension ofequipment

placements ;changes ineconomic andpolitical conditions, trade protection measures, licensing requirements andtaxlaws intheUnited States andintheforeign

countries inwhich wedobusiness ;theriskthatmulti -year contracts withgovernmental entities could beterminated prior totheendofthecontract term andthatcivil

orcriminal penalties andadministrative sanctions could beimposed onusifwefailtocomply withtheterms ofsuch contracts andapplicable law;interest rates, cost