X0306 4 2020-08-03 0 0001527166 Carlyle Group Inc. CG 0001220640 LEE KEWSONG 1001 PENNSYLVANIA AVENUE, NW WASHINGTON DC 20004 1 1 0 0 Co-Chief Executive Officer Common Stock 2020-08-03 4 S 0 73365 27.80 D 2578389 D Common Stock 495814 I See Footnote These shares of common stock were sold on behalf of the reporting person to cover tax withholding obligations in connection with the vesting of restricted stock units, the grant of which was previously reported. These shares of common stock are held in a grantor retained annuity trust. Pursuant to Rule 16a-1(a)(4) of the Securities Exchange Act of 1934, as amended, the reporting person herein states that this filing shall not be deemed to be an admission that such reporting person is the beneficial owner of any of these interests, and disclaims beneficial ownership of such interests, except to the extent of such reporting person's pecuniary interest in such interests. /s/ Jeffrey W. Ferguson by power of attorney for Kewsong Lee 2020-08-05