Summary of GOLDMAN SACHS GROUP INC

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d) On October 15, 2012, The Goldman Sachs Group, Inc. (the Registrant) announced that Adebayo O. Ogunlesi has been appointed a member of the Registrant's Board of Directors, effective October 15, 2012. Mr. Ogunlesi also has been appointed to each of the Registrant's Audit, Compensation, Risk and Corporate Governance and Nominating Committees. With the appointment of Mr. Ogunlesi, the Registrant's Board consists of eleven directors.

Mr. Ogunlesi is the Chairman and Managing Partner of Global Infrastructure Partners, LLC. Affiliates of the Registrant (referred to collectively as Goldman Sachs) from time to time provide ordinary course financial advisory, lending, investment banking and other financial services to Global Infrastructure Partners, LLC and its affiliates (referred to collectively as GIP), which are negotiated on an arm's-length basis and contain customary terms and conditions.

In each of October 2011 and February 2012, Goldman Sachs acted as a member of the underwriting syndicate in connection with a registered offering in which funds managed by GIP sold equity interests in a portfolio company and received net proceeds of approximately $250 million. In connection with his role at GIP, Mr. Ogunlesi is entitled to less than 1.5% of the total profits of the funds that participated in these transactions, and also has a direct or indirect interest in such funds, amounting to less than 0.01% of such funds.

A copy of the Registrant's press release relating to Mr. Ogunlesi's appointment as director is being furnished as Exhibit 99.1 to this Current Report on Form 8-K. Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the Exchange Act) or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Registrant under the Securities Act of 1933 or the Exchange Act.