**FOR IMMEDIATE RELEASE**

FOR IMMEDIATE RELEASE

DATELINE: OMAHA, NEBRASKA

SUBJECT: BERKSHIRE HATHAWAY INC. REPORTS RECORD CASH RESERVES OF $325 BILLION, SIGNALING CAUTIOUS MARKET OUTLOOK

OMAHA, NE – October 15, 2024 – Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) today released its third-quarter earnings report, revealing a historic cash reserve of $325 billion. This figure, a record for the conglomerate, has prompted widespread analysis among financial analysts regarding the investment strategy of its Chairman and CEO, Warren Buffett.

WHO: The report was issued by Berkshire Hathaway Inc., led by Chairman Warren Buffett.

WHAT: The company disclosed a cash and cash equivalents balance of $325 billion as of September 30, 2024. This represents a 15% increase from the previous quarter and marks the highest cash accumulation in the firm’s history. Concurrently, the company reported a net sell-off of equities, reducing its public stock portfolio for the seventh consecutive quarter.

WHEN: The financial data was published during the afternoon trading session on Tuesday, October 15, 2024. The report covers the period ending September 30, 2024.

WHERE: The announcement was made from the company’s headquarters in Omaha, Nebraska. The company’s annual shareholder meeting is scheduled for May 2025 in the same city.

WHY: Analysts suggest the substantial cash position indicates a conservative stance amid elevated equity valuations and persistent macroeconomic uncertainty, including ongoing inflation concerns and fluctuating interest rates. Mr. Buffett has historically accumulated cash during periods when he finds limited attractive investment opportunities at scale. The report did not specify any imminent major acquisitions.

HOW: The cash was amassed through a combination of strong operating earnings from Berkshire’s wholly-owned subsidiaries, including BNSF Railway