Risk Factors Update Summary

• Risks related to adverse economic conditions, including inflation, may limit availability of capital and increase costs, affecting demand for products and services.
• Regulatory approval dependency may result in denial of acquisitions, limiting benefits and affecting financials.
• Increased interest rates may lead to a 25 basis points increase in the federal funds rate in March, potentially impacting market volatility.
• Material risks related to acquisitions may limit benefits, increase costs, or take longer to integrate.
• Climate change-related risks could lead to cost increases, asset value reductions, and operational disruptions, affecting business performance.
• Acquisition targets have specific risks that could impact success, including legal proceedings unpredictability.
• Increased regulatory focus on privacy and consumer data rights may result in compliance costs and impact new data use practices.
• Enhanced oversight of third-party vendors and service providers may lead to higher costs and potential exposures to data breaches.
• Use of AI and machine learning models in business processes may introduce risks due to less interpretable results compared to traditional models.
• Increased scrutiny on environmental, social, and governance matters may lead to reputational risks and conflicting stakeholder views.