TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064

TPGXL ·Financial, Asset Management, United States

Basic DCF — Fair Value

For mature companies with a steady growth rate. Typically not a useful model for financial companies (banks, insurers, etc).

Market Price ($) Projection Years Discount Rate (%) CAGR (%)

Fair Value —

Market Value —

vs. Fair Value —

Formula: Fair Value = Average( Per-Share Figure × (1 + CAGR)ⁿ, for n = 1…Years ) ÷ Discount Rate