Xerox Holdings Investor Presentation — October 2021

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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 oftheCOVID -19pandemic onourandourcustomers' businesses andtheduration andextent towhich thiswillimpact ourfuture results of

operations and overall financial performance ;ourability toaddress ourbusiness challenges inorder toreverse revenue declines, reduce costs and increase

productivity sothat wecaninvest inand grow ourbusiness ;ourability toattract and retain keypersonnel ;changes ineconomic and political conditions, trade

protection measures, licensing requirements and taxlaws intheUnited States and intheforeign countries inwhich wedobusiness ;theimposition ofnew or

incremental trade protection measures such astariffs andimport orexport restrictions ;changes inforeign currency exchange rates ;ourability tosuccessfully develop

new products, technologies andservice offerings andtoprotect ourintellectual property rights ;theriskthatmulti -year contracts with governmental entities could be

terminated prior totheendofthecontract term andthatcivilorcriminal penalties andadministrative sanctions could beimposed onusifwefailtocomply with the

terms ofsuch contracts and applicable law;theriskthat partners, subcontractors and software vendors willnotperform inatimely, quality manner ;actions of

competitors and ourability topromptly and effectively react tochanging technologies and customer expectations ;ourability toobtain adequate pricing forour

products and services and tomaintain and improve cost efficiency ofoperations, including savings from restructuring actions ;theriskthat confidential and/or

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

systems duetocyber attacks orother intentional acts;reliance onthird parties, including subcontractors, formanufacturing ofproducts andprovision ofservices ;the

exitoftheUnited Kingdom from theEuropean Union ;ourability tomanage changes intheprinting environment andexpand equipment placements ;interest rates,