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PUTNAM INVESTMENTS —
SIGNIFICANT TRANSACTIONS DESPITE TURBULENT MARKETS

Putnam Investments and Goldman Sachs have enjoyed an exceptionally strong relationship built over a long period of time—a relationship that has spanned multiple products including equities, derivatives, capital markets, trading and investment research.

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Over the last several years, Putnam Investments has also come to look at Goldman Sachs as a trusted advisor.

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In 2002, Putnam Investments and Goldman Sachs worked closely together to evaluate and implement a number of significant portfolio restructurings.

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A great deal of collaboration and analysis led up to these transactions and they were executed successfully despite turbulent conditions in the marketplace.

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