X0206 3 2018-01-01 0 0001527166 Carlyle Group L.P. CG 0001259080 CLARE PETER J 1001 PENNSYLVANIA AVENUE, NW WASHINGTON DC 20004 1 1 0 0 Co-Chief Investment Officer Common Units 27381 D Carlyle Holdings partnership units Common Units representing limited partnership interests 4337398 D Carlyle Holdings partnership units Common Units representing limited partnership interests 273632 I See Footnote Of these 27,381 securities, 18,660 are common units and 8,721 are deferred restricted common units. The 8,721 deferred restricted common units are scheduled to vest on August 1, 2018, provided that Mr. Clare continues to provide services to the issuer. Pursuant to the terms of the exchange agreement and subject to certain requirements and restrictions, the partnership units of Carlyle Holdings are exchangeable for common units of The Carlyle Group L.P. on a one-for-one basis. Such Carlyle Holdings partnership units are held by a trust for the benefit of the Reporting Person's family. The Reporting Person is the special purpose trustee of the trust and has sole investment power over the units. 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 Peter J. Clare 2018-01-02