Vision & LatAm Funds (investor svf q4fy2025 01 en)

Investor Briefing

SoftBank Vision Funds

Executive Managing Partner & CFO, SB Investment Advisers & SB Global Advisers

This presentation (this "Presentation") is furnished to you for informational purposes in connection with the interests of SoftBank Group Corp. (together with its affiliates, "SoftBank") in SoftBank Vision Fund L.P. (together with, as the context may require, any parallel fund, feeder fund, co-investment vehicle or alternative investment vehicle, the "Vision Fund 1" or "SVF1") or SoftBank Latin America Fund GP Ltd and SBLA Holdings II DE LLC (together with, as the context may require, any parallel funds, feeder funds, co-investment vehicles or alternative investment vehicles, the "LatAm Funds") and is not, and may not be relied on in any manner as, legal, tax, investment, accounting or other advice or as an offer to sell or a solicitation of an offer to buy limited partnership or comparable limited liability equity interests in the Vision Fund 1 or any other fund, managed by SB Investment Advisers (UK) Ltd. ( the "Manager" or "SBIA"), or SoftBank Vision Fund II-2 L.P. (together with, as the context may require, any parallel fund, feeder fund, co-investment vehicle or alternative investment vehicle, the "Vision Fund 2" or "SVF2"), managed by SB Global Advisers Limited ("SBGA") and its affiliates thereof. This Presentation is not intended to be relied upon as the basis for any investment decision, and is not, and should not be assumed to be, complete. The contents of this Presentation are not to be construed as legal, business or tax advice.

None of Vision Fund 1, Vision Fund 2, the LatAm Funds, any successor fund managed by the Manager, SBIA, SBGA, SoftBank or their respective affiliates makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein and nothing contained herein should be relied upon as a promise or representation as to past or future performance of Vision Fund 1, Vision Fund 2, the LatAm Funds, any successor fund managed by the Manager, SBGA or any other entity referenced in this Presentation.

Recipients of this Presentation should make their own investigations and evaluations of the information contained in this Presentation and should note that such information may change materially.

For the avoidance of doubt, the Vision Fund 1 is a prior fund managed by SBIA which is not being offered to investors. Information relating to the performance of the Vision Fund 1 or any other entity referenced in this Presentation has been included for background purposes only and should not be considered an indication of the future performance of the Vision Fund 1, any other entity referenced in this Presentation or any future fund managed by SBIA. References to any specific investments of the Vision Fund 1, to the extent included herein, are presented to illustrate the Manager's investment process and operating philosophy only and should not be construed as a recommendation of any particular investment or security. The investment performance of individual investments in the Vision Fund 1 may vary and the performance of the selected transactions is not necessarily indicative of the performance of all of the applicable prior investments. The specific investments identified and described herein do not represent all of the investments made by the Manager, and no assumption should be made that investments identified and discussed herein were or will be profitable.

Statements contained in this Presentation (including those relating to current and future market conditions and trends in respect thereof) that are not historical facts are based on current expectations, estimates, projections, opinions and/or beliefs of the Manager. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. In addition, no representation or warranty is made with respect to the reasonableness of any estimates, forecasts, illustrations, prospects or returns, which should be regarded as illustrative only, or that any profits will be realized. Certain information contained herein constitutes "forward-looking statements," which can be identified by the use of terms such as "may", "will", "should", "expect", "project", "estimate", "intend", "continue", "target" or "believe" (or the negatives thereof) or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or actual performance of the Vision Fund 1 or any successor fund managed by the Manager (or any other entity referred to herein) may differ materially from those reflected or contemplated in such forward-looking statements. As a result, investors should not rely on such forward-looking statements in making their investment decisions. Further, the targets stated herein are based on an assumption that economic, market and other conditions will not deteriorate and, in some cases, improve. These projections involve significant elements of subjective judgment. No representation or warranty is made as to future performance or such forward-looking statements. None of the information contained herein has been filed with the U.S. Securities and Exchange Commission, any securities administrator under any securities laws of any U.S. or non-U.S. jurisdiction or any other U.S. or non-U.S. governmental or self-regulatory authority. No such governmental or self-regulatory authority will pass on the merits of the offering of interests in the Vision Fund 1, or any successor fund managed by the Manager or the adequacy of the information contained herein. Any representation to the contrary is unlawful. Except where otherwise indicated herein, the information provided in this Presentation is based on matters as they exist as of the date of preparation of this Presentation and not as of any future date, and will not be updated or otherwise revised to reflect information that subsequently becomes available, or circumstances existing or changes occurring after the date hereof.

Vision Fund 1 performance herein is based on unrealized valuations of portfolio investments. Valuations of unrealized investments are based on assumptions and factors (including, for example, as of the date of the valuation, average multiples of comparable companies, and other considerations) that the Manager believes are reasonable under the circumstances relating to each particular investment. However, there can be no assurance that unrealized investments will be realized at the valuations indicated herein or used to calculate the returns contained herein, and transaction costs connected with such realizations remain unknown and, therefore, are not factored into such calculations. Estimates of unrealized value are subject to numerous variables that change over time. The actual realized returns on the Vision Fund 1's unrealized investments will depend on, among other factors, future operating results, the value of the assets and market conditions at the time of disposition, any related transaction costs and the timing and manner of sale, all of which may differ from the assumptions and circumstances on which the Manager's valuations are based.

Vision Fund 1 performance is based in part on valuations of certain investments that were recently acquired by the Vision Fund 1 as a portfolio from SoftBank Group Corp; accordingly, the performance information herein, which is based in part on valuations of unrealized investments, is not indicative of future results. The selection of such investments, the timing of such acquisitions and the valuation and subsequent performance of those investments had a material and positive impact on the performance of the Vision Fund 1. SoftBank Group Corp. is under no obligation to offer similar assets to the Vision Fund 1 in the future.

Past performance is not necessarily indicative of future results. The performance of the Vision Fund 1 or any future fund managed by the Manager may be materially lower than the performance information presented herein. There can be no assurance that the Vision Fund 1, Vision Fund 2 or any successor fund managed by the Manager will achieve comparable results as those presented herein or that investors in the Vision Fund 1, Vision Fund 2 or any successor fund managed by the Manager will not lose any or all of their invested capital.

Certain information contained in this Presentation has been obtained from published and non-published sources prepared by other parties, which in certain cases has not been updated through the date hereof. While such information is believed to be reliable for the purposes of this Presentation, none of the Vision Fund 1, Vision Fund 2, any successor fund managed by the Manager, the Manager, SoftBank, or their respective affiliates assumes any responsibility for the accuracy or completeness of such information and such information has not been independently verified.

Certain hypothetical illustrations set forth herein contain projections, targets, assumptions and expectations with respect to the performance of investments. These hypothetical returns, including the projections, targets, assumptions and expectations contained therein, have been prepared and are set out for illustrative purposes only, and do not constitute forecasts. They have been prepared based on the Manager's current view in relation to future events and various assumptions and estimations, including estimations and assumptions with respect to events that have not occurred, any of which may prove incorrect. Others may select other underlying assumptions or methodologies that would significantly affect the projected returns or performance information set forth herein, even materially.

Third-party logos and vendor information included herein are provided for illustrative purposes only. Inclusion of such logos does not imply affiliation with or endorsement by such firms or businesses. There is no guarantee that the Manager, the Vision Fund 1's portfolio companies, any future portfolio companies of a successor fund managed by the Manager or SoftBank will work with any of the firms or businesses whose logos are included herein in the future.

P E R F O R M A N C E U P D A T E P O R T F O L I O U P D A T E

AI Acceleration Amid Market Volatility

As of March 31, 2026

Footnotes:

1. Source: CapIQ.

2. Source: CapIQ. Represents IGV iShares Expanded Tech-Software Sector ETF.

3. Source: Bloomberg. Represents Crude Oil Dated Brent FOB NWE Closing Prices.

4. Source: YipitData. Includes all token consumption measured by OpenRouter for the weeks beginning March 2, 2025, through March 29, 2026.

Mar

2026

Sep

2025

Mar

2025

1,056B

21.5x

22,711B

O P E N R O U T E R A I T O K E N C O N SU M P T I O N 4

March 2025 - March 2026

A I U SA G E CO N T I N UED T O R A PI D LY E XPA N D

CO N F L I CT I N T H E M I D D L E E A ST &

A I D I SR UPT I ON I M PA CT ED E Q U I T Y M A R K ET S

N A SD A Q C O M P O SI T E , SO F T W A R E , & O I L

January 1, 2026 - March 31, 2026

Nasdaq Composite1 Software ETF2

Brent Crude Oil3

+103%

(7%)

Jan

2026

Feb

2026

Mar

2026

(24%)

$(4.5B)

S V F 1

+$24.4B

S V F 2

$(0.2B)

L A T A M

P R I V A T E

P U B L I C

Quarterly Performance

As of March 31, 2026

Footnotes:

1. Quarterly Gross Fair Value Performance is the change in fair value of SoftBank Vision Fund 1, SoftBank Vision Fund 2, and SoftBank LatAm Funds (together the "Combined Funds", the "Vision Funds", or the "Funds") between January 1, 2026, and March 31, 2026. The change in fair value is for investments made by the Combined Funds, and related derivatives (together, "Investments"); is before tax and expenses; includes unrealized and realized gains and losses; and includes dividends and other income related to Investments. Combined figures may differ from the sum of the parts due to rounding. References to "Public" fair value changes in this presentation reflect changes to the Funds' public holdings, and public holdings held by vehicles wholly owned by SoftBank Group Corp. and the Combined Funds, as of March 31, 2026.

The performance figures shown reflect actual changes in fair value, including both realized and unrealized gains and losses, for the period between January 1, 2026, and March 31, 2026. These figures are presented gross of fees, expenses, and taxes and do not reflect returns received by investors. Valuations reflect unrealized and partially realized estimated amounts and should not be construed as indicative of actual or future performance. There is no guarantee that historical trends will continue throughout the life of Vision Fund 1, Vision Fund 2, or SoftBank LatAm Funds. There can be no assurance that unrealized investments will be sold for values equal to those used to calculate the illustrative returns portrayed herein. Actual returns on unrealized or partially realized Investments will

$46B in Fair Value Gains in FY2025

Twelve-Months Ending March 31, 2026

Q U A R T E R LY G R O SS F A I R V A L U E P E R F O R M A N C E 1

+$19.0B

+$4.8B

+$2.4B

+$19.8B

Jun 2025 Sep 2025

Dec 2025 Mar 2026

FY2025 Total Gain

Footnotes:

1. Quarterly Gross Fair Value Performance is the change in fair value of the Combined Funds for the quarters ended June 30, 2025; September 30, 2025; December 31, 2025; and March 31, 2026. "FY2025 Total Gain" is the cumulative total of Gross Fair Value Performance for the twelve-month period ended March 31, 2026. The change in fair value is before tax and expenses; includes unrealized and realized gains and losses; and includes dividends and other income related to Investments. Total figures may differ from the sum of the parts due to rounding.

Valuations reflect unrealized and partially realized estimated amounts and should not be construed as indicative of actual or future performance. Such values do not reflect fees and expenses that would reduce the value of returns experienced by Vision Fund investors. There is no guarantee that historical trends will continue throughout the life of SoftBank Vision Fund 1, SoftBank Vision Fund 2, or the SoftBank LatAm Funds. There can be no assurance that unrealized and partially realized investments will be sold for values equal to or

Investment Gains/(Losses)1

Footnotes:

1. Acquisition Cost and Cumulative Gross Investment Gains/(Losses) are cumulative from each Fund's inception to March 31, 2026. Cumulative Gross Investment Gains/(Losses) are before tax and expenses and include unrealized and realized gains and losses from Investments, as well as dividends and other income related to Investments. Cumulative Gross Investment Gains/(Losses) do not take into account fees or expenses and should not be construed as indicative of actual or future performance. The Total Value to Paid in Capital (TVPI) of SoftBank Vision Fund 1 is 1.25x. The TVPI is defined as Distributions plus Net Asset Value plus Accrued Preferred Equity Coupon ("PEC") divided by Paid-in Capital. Distributions and Paid-in Capital are cumulative from Fund inception to March 31, 2026. Net Asset Value plus Accrued PEC are as of March 31, 2026.

2. Total Fair Value is the Acquisition Cost plus Cumulative Gross Investment Gains/(Losses). Total figures may differ from the sum of parts due to rounding.

3. Distributions include proceeds from Investment Realizations, Financings, and Preferred Equity Coupon distributed to Limited Partners from Fund inception. It includes the Return of Recallable Utilized Contributions and the Return of Non-Recallable Utilized

P E R F O R M A N C E U P D A T E

Private Investments Overview

As of March 31, 2026

K E Y M E T R I C S & F A I R V A L U E D R I V E R S

373

Current Private Investments1

$135.5B

Unrealized FV - Private2

85%

of Total Unrealized FV3

+$24.1B

Quarterly FV Change4

Continued strong growth, coupled with recent funding round, led to $25B uplift

Closed Series D round, co-led by SVF2, at $8.6B valuation6

I N V E S T O R S

Raised $575mm in Series G

funding at $10.1B valuation7

I N V E S T O R S

Amid significant competition in South Korea, reached all-time high Gross Transaction Volume

900mm+

Weekly Active Users5

75%

ChatGPT Month-12 Retention Rate5

+ Others

+ Others

$717mm

2025

Revenue8

45%

YoY TTV

Growth8

Footnotes:

1. Current Private Investments include investments in private portfolio companies made by the Combined Funds, and JVs with existing portfolio companies, from Funds inception to March 31, 2026, that have not been fully realized or categorized as Public as of March 31, 2026.

2. Unrealized FV - Private is the unrealized value of the Combined Funds' holdings in Current Private Investments, as defined in Footnote 1, as of March 31, 2026.

3. % of Total Unrealized FV is the sum of Unrealized FV - Private divided by the Combined Funds' total unrealized fair value as of March 31, 2026.

4. Quarterly FV Change is before tax/expenses and includes unrealized & realized gains/losses from Investments, dividends and other income.

5. Sources: Company Statement; SimilarWeb.

6. Source: Wayve Company Press Release.

7. Source: Whoop Company Press Release.

8. Source: Press Release - Yanolja Reports 2025 Financial Results.

9. OpenAI, Wayve, Whoop, and Yanolja are SVF2 Investments.

P E R F O R M A N C E U P D A T E

OpenAI: Accelerating the Next Phase of AI

As of March 31, 2026

+ Others

Total Round Size1

SoftBank Commitment2

Pre-Money Valuation2

"

"

SoftBank, NVIDIA, and Amazon are long-term partners who share our ambition to turn real scientific progress into systems that deliver meaningful benefits for people at global scale.

Sam Altman

Company Statement, February 20262

P E R F O R M A N C E U P D A T E

OpenAI: Our Investment to Total $64B+ by 2026YE

As of March 31, 2026

K E Y M E T R I C S

$35B

Unrealized Cost1

V A L U AT I ON H I ST O RY ( $B ) 3

$730B

INVESTMENT

$0.5B

PRE- MONEY VALUATION

Primary $150B

$80B

Unrealized FV1

$25B+

Quarterly FV Gain2

Initial SVF2

Investment

$150B

$260B

$500B

$30B

Primary

$30B

Primary

$4.2B

Secondary

$260B

$730B

Varies4

Sep 2024 Mar 2025 Dec 2025 Mar 2026

S V F 2

P E R F O R M A N C E U P D A T E P O R T F O L I O U P D A T E

OpenAI: Leadership in Scale, Engagement, and Retention

As of March 31, 2026

Weekly Active Users

Approach 1

900mm+

ChatGPT Retention Rate

Is Industry Leading2

Average User Retention Rate in Month 122

Time Spent in ChatGPT vs. Next Largest AI App1

75%

53%

44%

Jan 2023 Jul 2024 Mar 2026 Month 1 Month 12

S V F 2

P E R F O R M A N C E U P D A T E P O R T F O L I O U P D A T E

OpenAI: Continued Consumer Leadership, Strong Enterprise Momentum

RECENT

RELEASES

ChatGPT for Excel

ChatGPT-5.5

Codex Security

OpenAI Frontier

Codex

Images 2.0

ChatGPT-Rosalind

As of April 30, 2026

C H A T G P T - 5 . 5 H I G H L I G H T S 1

OpenAI's smartest and most intuitive to use model yet, designed to autonomously execute complex, multi-step tasks with greater efficiency

Significantly expanded context and memory to maintain coherence

across longer tasks in coding and knowledge work

Significant ecosystem scale2

# Monthly Visits vs.

Next Largest AI App

Consumer

Subscribers

Ads Pilot

ARR

C O D E X U SE R S 3

Feb 2026 - Apr 2026

4mm+

Users Added

in April 20263

3mm

2mm

1.6mm

1mm

Feb 4

Feb 27

Mar 31

April 8

Apr 21

Footnotes:

1. Source: Company Statement - Introducing GPT-5.5. April 23, 2026.

S V F 1

S V F 2

L A T A M

Public Investments Overview

I N V E S T M E N T

Q U A R T E R L Y F V

C H A N G E ( $ M M ) 4

F V ( $ B ) 2

Q U A R T E R L Y S T O C K

M O V E M E N T 5

C O M M E N T A R Y 6

Top 10 Public Investments by Fair Value | As of March 31, 2026

P E R F O R M A N C E U P D A T E

45

# C U R R E N T I N V E S T M E N T S 1

$23.4B

U N R E A L I Z E D F V - P U B L I C 2

15%

O F T O T A L U N R E A L I Z E D F V 3

$(4.4B)

Q U A R T E R L Y F V C H A N G E 4

S V F 1 S V F 2 L A T A M

Footnotes:

1. "Current Investments" include Public portfolio companies of the Combined Funds, or investments made by the Combined Funds for which unrealized fair values are entirely market-derived, that have not been fully realized as of March 31, 2026.

2. "Unrealized FV - Public" and "FV" are the unrealized value of the Combined Funds' Public holdings, and Public holdings held by vehicles wholly owned by SoftBank

   Group Corp. and the Combined Funds ("Public Investments"), as of March 31, 2026. Total figures may differ due to rounding.

3. "% of Total Unrealized FV" is the sum of the Public Investments' unrealized fair value divided by the Combined Funds' total unrealized fair value as of March 31, 2026.

4. Quarterly FV Change is for the quarter ended March 31, 2026, and is before tax and expenses. It includes unrealized and realized gains and losses from Public Investments, as well as dividends and other income related to Public Investments. Total figures may differ due to rounding.

5. Source: Bloomberg, using USD basis when stock is listed in a foreign currency. As of March 31, 2026. For intra-quarter IPOs, percentage change from listing price is shown. DiDi is traded on the OTC Pink Market.

6. Source: SBIA Analysis based on most recent Company Press Releases and Earnings Calls & Presentations. YoY growth reported on constant currency basis.

7. Full Truck Alliance is both an SVF1 and SVF2 Investment. Values are shown for the combined Investment.

The information herein reflects SoftBank Vision Fund 1, SoftBank Vision Fund 2, and SoftBank LatAm Funds public Investments as of March 31, 2026. Figures are presented gross of fees, expenses, and taxes. Investment commentary and performance metrics are based on publicly available company disclosures and SBIA internal analysis and are provided solely for illustrative purposes to demonstrate elements of company performance during the reporting period. SBIA has not independently verified the accuracy of company-level financial metrics, which may be based on press releases or earnings calls. References to specific portfolio companies do not represent a recommendation to buy, sell, or hold any security, nor do they purport to represent a complete list of Investments. Actual

results may differ materially from the assumptions on which the values presented are based. Past performance is not necessarily indicative of future results. There can be no assurance that unrealized investments will be sold for values equal to those used to calculate 13

PayPay: Japan's Largest U.S. Listing in a Decade Raises $800mm+

As of March 31, 2026

KEY METRICS

Total Cost1

Total Fair Value2

Gross MOIC3

SVF2 Proceeds

SVF2 Ownership%4

Average Cost5 & Trading Activity6 N A S D A Q : P A Y P

LISTING - MAR 2026

$16.00

MAR 31, 2026

$21.34

INVESTMENT - DEC 2021

$9.67

Footnotes:

1. Total Cost is the Total Acquisition Cost of the Investment as of March 31, 2026.

2. Total Fair Value is the Total Cost plus Cumulative Realized and Unrealized Gross Investment Gains as of March 31, 2026.

3. Gross MOIC (Multiple of Invested Capital) is measured by dividing the Investment's Total Fair Value by the Total Cost as of March 31, 2026. It does not take into account taxes or Fund-related expenses at the time of exit that would reduce the value of returns experienced by investors and should not be construed as indicative of actual or future performance.

4. Represents SVF2's ownership based on common shares outstanding.

5. Average Cost represents SVF2's average price per share for the Investment.

PayPay: Driving Japan's Cashless Transition

As of May 7, 2026

N U M B E R O F R E G I ST E R E D U SE R S 1

FY 2019 - FY 2025 | In Millions

A D J . E B I T D A & T O T A L R E V E N U E 1

FY 2024 - FY 2025 | JPY B

$120B+

FY25 Gross Merchandise Value1

64%

Share of Japan Code-Based Payment Market2

111.1

73

68

64 89%

55 Growth

45 58.7

38

25

27%

Growth

1 in 5

Number of Cashless Transactions in

Japan Using PayPay App2

FY19 FY20 FY21 FY22 FY23 FY24

FY25

Adjusted EBITDA Total Revenue

Late-Stage Portfolio Valued at $118B

As of March 31, 2026

LATE- STAGE PORTFOLIO 2

$118B

Late-Stage Portfolio Fair Value2

87%

% of Total Private Unrealized FV2

CY2026

IPOs

S E L E C T C O M P A N I E S 3

54

45

13

3

2018

Footnotes:

2020

2022

2024 2026

1. Vision & LatAm Funds Cumulative Listings Since Inception includes companies invested in on IPO/public listing date. WeWork and Full Truck Alliance are counted as one listing each, despite being both SVF1 and SVF2 Investments.

2. Source: SBIA Analysis, as of March 31, 2026. "Late-Stage Portfolio" is defined as portfolio companies of the Combined Funds that have raised Series E onwards or equivalent late-stage rounds, or are likely to publicly list in the near term based on SBIA analysis. OpenAI is included as a "late-stage" company based upon its significant fundraising history and most recent valuation. "Fair Value" represents the total Unrealized Fair Value of the Late-Stage Portfolio. "% of Total Private Unrealized Fair Value " is the value of the Late-Stage Portfolio divided by the total private Unrealized Fair Value of the Combined Funds. Excludes derivatives.

3. Select companies include the largest private Investments by Unrealized Fair Value from the Late-Stage Portfolio, as defined in Footnote 2. Bytedance, Cohesity, Fanatics, Klook, OakNorth, and Oyo are SVF1 Investments. Flipkart, OpenAI, Revolut, ShipBob, Vuori, and Whoop are SVF2 Investments. Kavak, QuintoAndar, and Wellhub are LatAm Fund Investments.

FY2025 Gross Proceeds1

$7.3B

Full Exit

IPO Monetization

Full Exit

Full Exit

Continued Focus on Monetization with $7B+ in Exits in FY2025

As of March 31, 2026

Footnotes:

1. Represents Gross Realized Proceeds across the Combined Funds for the 12-month period ended March 31, 2026. It excludes dividends in kind, interest income earned on cash balances prior to distribution, and impact of investment syndication.

2. Represents Gross Realized Proceeds, as defined in Footnote 1, for the quarter ended March 31, 2026.

3. Represents the four largest full and partial exits, by Gross Realized Proceeds, received in the quarter ended March 31, 2026, excluding any undisclosed partial exits.

The information herein is presented solely for SoftBank Vision Fund 1, SoftBank Vision Fund 2 and SoftBank LatAm Funds. These highlights are provided solely for illustrative purposes and individual investors' results may vary. Past performance is not necessarily indicative of future results. Accordingly, the actual Realized returns on Investments that are Unrealized may differ materially from the values indicated herein. Net performance for individual investments and subsets of investments cannot be calculated without making

Sōzō AI: Accelerating AI Across the SoftBank Ecosystem

April 8 - 9, 2026 San Francisco, USA

Convened 100+ portfolio company Founders & CEOs to shape the next era of AI - mobilizing SoftBank's network and OpenAI's category leadership to accelerate growth

As of March 31, 2026

S V F 1 S V F 2 L A T A M

Vision Funds: Advancing SoftBank's Mission to Realize ASI

Technology Adoption (%)1

Years Since Launch

Internet PCs

AI Platforms Physical AI AI Compute

Scalable Energy AI Infrastructure

ASI-Ready Unrealized Fair Value2

$91B

5 10 15 20 25

K E Y F Y 2 5 M E T RI C S 3

$46B

Fair Value Gain

Footnotes:

1. Source: Coatue Public Markets Update - October 2025.

2. Source: SBIA Analysis.

3. Metrics are included for the 12-month period ended March 31, 2026. They are rounded to the nearest billion.

4. Distributions include proceeds from Investment Realizations, Financings, and Preferred Equity Coupon distributed to Limited Partners for the 12-month period ended March 31, 2026.

The graphic is provided solely for illustrative purposes and reflects the current belief of the Manager. There can be no assurances that the Manager investment strategy or objectives will be realized or prove successful. Certain statements reflect SBIA's beliefs as of the date hereof based on prior experience and certain assumptions that SBIA believes are reasonable but may prove incorrect. Select Investments presented herein are solely for illustrative purposes to represent examples of Investments in AI and does not represent a complete list of SoftBank Vision Fund 1, Vision Fund 2 and LatAm Investments. References to

Investments included herein should not be construed as a recommendation of any particular investment or security. It should not be assumed that investments made in the future will be comparable in quality or performance to the Investments described herein. Please refer to visionfund.com/portfolio for a more 19

complete list of SoftBank Vision Fund 1 and SoftBank Vision Fund 2 Investments. Please refer to latinamericafund.com/portfolio for a complete list of LatAm Fund Investments. Past performance is not necessarily indicative of future results.

Appendix

20