Xerox Holdings Investor Presentation — July 2024

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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 . These 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: Global macroeconomic conditions, including inflation, slower growth or recession, delays or disruptions in the global supply chain, higher interest rates, and

wars and other conflicts, including the current conflict between Russia and Ukraine ; our ability to succeed in a competitive environment, including by developing new

products and service offerings and preserving our existing products and market share as well as repositioning our business in the face of customer preference,

technological, and other change, such as evolving return -to-office and hybrid working trends ; failure of our customers, vendors, and logistics partners to perform their

contractual obligations to us; our ability to attract, train, and retain key personnel ; execution risks around our Reinvention ; the risk of breaches of our security systems

due to cyber, malware, or other intentional attacks that could expose us to liability, litigation, regulatory action or damage our reputation ; our ability to obtain adequate

pricing for our products and services and to maintain and improve our cost structure ; changes in economic and political conditions, trade protection measures,

licensing requirements, and tax laws in the United States and in the foreign countries in which we do business ; the risk that multi -year contracts 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 imposed on us if we fail to

comply with the terms of such contracts and applicable law; interest rates, cost of borrowing, and access to credit markets ; risks related to our indebtedness ; the

imposition of new or incremental trade protection measures such as tariffs and import or export restrictions ; funding requirements associated with our employee