Goldman Sachs Group, Floating Rate (4% minimum) Non-Cumulative Preferred Stock, Series C

Holders will receive a dividend payment equal to 3/4% above Libor or a minimum of 4%

Ticker: GS-C

Parent Ticker: GS

OTC Grey Market Temporary Ticker: NA

Issuance Date: 10/25/2005

1st Call Date: 10/31/2010

Maturity Date: None

Shares Issued: 8,000,000

Overallotment Shares: 0

Coupon: 5.10%

Face Value: $25.00

Cumulative: No

Qualified: Yes

Quarterly Dividend Amount: 0.25

Ex-Dividend Months: JAN, APR, JUL, OCT

Approx. Ex-Dividend Day: 24

Payment Months: FEB, MAY, AUG, NOV

Payment Day: 10

S&P Rating: BB

III Rating (In Regards to Dividend Safety Only): B

Moody Rating: Ba1

Fitch Rating: NR