Xerox Holdings Corporation Announces Early Tender Results for 3.800% Senior Notes due 2024 and 5.000% Senior Notes due 2025 - Seite 2

$544,166,000

$362,000,000

The Company has elected to exercise its right to make payment for the Notes that were validly tendered prior to or at the Early Tender Date and that are accepted for purchase on March 20, 2024 (the "Early Settlement Date").

As previously disclosed in the Offer to Purchase, because the aggregate principal amount of the 2025 Notes tendered and not validly withdrawn prior to or at the Early Tender Date exceeds the Maximum Tender Cap, any such tendered 2025 Notes will be accepted on a pro rata basis as set forth in the Offer to Purchase, subject to a proration factor of approximately 66.608%. As described further in the Offer to Purchase, any 2025 Notes tendered and not accepted for purchase will be promptly credited to the tendering holder's account. Since the Tender Offer for the 2025 Notes is fully subscribed at the Early Tender Date, Xerox Holdings does not expect to accept for purchase any 2025 Notes tendered after the Early Tender Date on a subsequent settlement date.

Information Relating to the Tender Offers

Citigroup Global Markets Inc. is the dealer manager for the Tender Offers. Investors with questions regarding the Tender Offers may contact Citigroup Global Markets Inc. at [phone] (toll-free). Global Bondholder Services Corporation is the tender and information agent for the Tender Offers and can be contacted at [phone] (toll-free) or [phone] (collect).

The Tender Offers are being made solely by means of the Offer to Purchase. This press release shall not constitute an offer to purchase or a solicitation of an offer to purchase any securities, nor shall it constitute an offer, solicitation or sale of any securities in any state or jurisdiction in which, or to any persons to whom, such offering, solicitation or sale would be unlawful.

About Xerox Holdings Corporation (NASDAQ: XRX)

For more than 100 years, Xerox has continually redefined the workplace experience. Harnessing our leadership position in office and production print technology, we’ve expanded into software and services to sustainably power the hybrid workplace of today and tomorrow. Today, Xerox is continuing its legacy of innovation to deliver client-centric and digitally-driven technology solutions and meet the needs of today’s global, distributed workforce. From the office to industrial environments, our differentiated business and technology offerings and financial services are essential workplace technology solutions that drive success for our clients. At Xerox, we make work, work.