KeyCorp Annual Report of Bank Holding Companies FR Y-6 as of December 31, 2019 Table of Contents Report Page Item No. Description No. 1. Annual Report to Shareholders N/A 2a. Organization Chart as of December 31, 2019 3 - 6 2b. Domestic Branch Listing submitted separately via email N/A 3. Securities Holders 7 4. Insiders 8 - 12 2 KeyCorp 0301 34-6542451 KeyCorp Organization Chart as of December 31, 2019 (LEI: RKPI3RZGV1V1FJTH5T61) Report Item 2: All companies are 100% owned unless otherwise indicated. Cleveland, Ohio All reportable LLC investments are managing member interests unless otherwise noted. Incorporated in Ohio Banking Affiliates 0100 34-0797057 KeyBank National Association (c) (LEI: HUX2X73FUCYHUVH1BK78) Cleveland, Ohio National Association 0103 34-6542252 0138 26-1759891 0197 83-2311115 0313 34-1616221 0612 84-1063147 0703 16-1254079 Key Equity PARTREO, LLC (**) Key Opportunity Key Community Key Equipment First Niagara - Capital Corporation - Cleveland, Ohio - Zone Fund I, Inc. - Development Corporation - Finance International Inc. - Realty, Inc. Cleveland, Ohio Incorporated in Ohio Cleveland, Ohio Cleveland, Ohio (LEI: 549300LWEBPTNGB7SP52) Lockport, New York Incorporated in Ohio 0160 31-1498485 Incorporated in Ohio Incorporated in Ohio Superior, Colorado Incorporated in New York 0104 34-1234878 Key Affordable 0251 41-2159012 Incorporated in Colorado KB OREO, LLC (**) - Housing Corp. Capital & Risk 0315 13-4204049 0721 46-3998940 - Cleveland, Ohio Overland Park, Kansas - Consulting Group LLCKey Community Development 0616 14-1818402 First Niagara Incorporated in Ohio Incorporated in Ohio Cleveland, Ohio - New Markets LLC KSP Investments, Inc. Business Trust (f) 0105 34-1614731 0161 31-1523763 Incorporated in Ohio Cleveland, Ohio (PW)(**) - Albany, New York Buffalo, New York SELCO Service KeyCorp Housing 0270 58-2359974 Incorporated in Delaware Incorporated in Maryland - Corporation - Management, Inc. Key Merchant xxxx 46-0615054 7032 25% (LEI: 549300QC8NT2W4DA3F17) Overland Park, Kansas - Services, LLC (g) Key Community Development Key Equipment Finance 0705 16-1530655 Albany, New York Incorporated in Ohio Cleveland, Ohio - New Markets VII LLC - Canada Ltd. First Niagara Incorporated in Ohio 0164 20-0259892 Incorporated in Delaware Cleveland, Ohio (PW)(**) (LEI: 5493002RL4M4EUTO8A35) - Funding, Inc. (f) 0127 81-0678332 Key Government 0286 83-1878307 xxxx 46-0622307 Burlington, Canada Lockport, New York Key ABS LLC - Finance, Inc. Key Commercial Key Community Development Incorporated in Canada Incorporated in New York 75% - Cleveland, Ohio (LEI: 5493006G17Y4L4D4L549) - Mortgage Securities LLC - New Markets VIII LLC 7045 0723 06-1542495 Incorporated in Delaware Superior, Colorado Cleveland, Ohio Cleveland, Ohio (PW)(**) Key Equipment Finance Key Servicing Company 0129 34-1798938 Incorporated in Colorado Incorporated in Delaware 0335 26-0507665 - Europe Limited (**) - New Haven, Connecticut Key Trade 0172 46-2452560 0343 34-1920273 Raymond James Native (LEI: 54930085LNFXDGUVTQ12) Incorporated in Connecticut - Services Corporation (**) KPB Investment Key QSPE Corp. (UC) American Housing Bracknell, United Kingdom 3281 14-1661346 Cleveland, Ohio - Advisors LLC - Cleveland, Ohio - Opportunities Fund II L.L.C. Incorporated in UK Key Financial Incorporated in Ohio Cleveland, Ohio Incorporated in Delaware St. Petersburg, Florida (PW)(**) 99% - Services Inc. (g)(h) Incorporated in Ohio 0345 34-1938746 Incorporated in Florida Albany, New York 0130 0181 34-1972980 Key Consumer 0535 34-1616221 Incorporated in New York Key Trade Services, Post Office Square - Receivables, LLC (UC) 12th Avenue Arts NMTC 4565 03-0210582 Limited - Funding Inc. (e) Cleveland, Ohio - Investment Fund LLC Vermont Realty, Inc. Kowloon, Hong Kong (**) Cleveland, Ohio Incorporated in Delaware Cleveland, Ohio (PW)(**) - Burlington, Vermont Incorporated in Hong Kong Incorporated in Ohio 0346 34-1938744 0561 34-1616221 Incorporated in Vermont Key Consumer KCDC - RBCDE NMTC 5208 45-4165799 - QSPE LLC (UC) - Investment Fund I LLC Key National Trust Cleveland, Ohio Cleveland, Ohio (PW)(**) - Company of Delaware Incorporated in Delaware 0562 34-1616221 Wilmington, Delaware KCDC ECD Oregon NMTC Incorporated in Delaware - Investment Fund I LLC = Inactive Companies Cleveland, Ohio (PW)(**) LEI = Legal Entity Identifier (N/A unless noted) 0563 34-1616221 UC = Unconsolidated Subsidiary KCDC-GCN NMTC PW = Public welfare investment not reportable for FR Y-6/FR Y-10 - Investment Fund LLC (**) = Not reportable for FR Y-6/FR Y-10 Cleveland, Ohio (PW)(**) Notes (a) through (h) are explained at bottom of page 6 3 KeyCorp 0301 34-6542451 KeyCorp Organization Chart as of December 31, 2019 (LEI: RKPI3RZGV1V1FJTH5T61) Report Item 2: All companies are 100% owned unless otherwise indicated. Cleveland, Ohio All reportable LLC investments are managing member interests unless otherwise noted. Incorporated in Ohio Nonbanking Affiliates 0142 31-1438300 0380 34-1391952 0382 9944035 34-1812506 0383 26-0221484 0621 20-3976431 8323 34-1866850 KeyCorp Insurance KeyBanc Capital KEFRM KeyCorp - Agency USA Inc. (e) - Markets Inc. (d) - McD Methane, Inc. - KBCM Bridge LLC - Company, Inc. - Capital I (UC) Cleveland, Ohio (LEI: 2EQWV0180Z211YVAD813) Cleveland, Ohio Cleveland, Ohio (LEI: 54930040B02F73451405) Wilmington, Delaware Incorporated in Ohio Cleveland, Ohio Incorporated in Delaware Incorporated in Delaware Superior, Colorado Incorporated in Delaware 0192 74-2689707 Incorporated in Ohio 0382 9950035 34-1720563 Incorporated in Colorado 8324 34-1870395 Austin Capital Bond Lease 0708 86-1014428 KeyCorp - Management, LTD 0124 13-4300906 - Corporation V HNC Reinsurance - Capital II (UC) Austin, Texas Key Investment Cleveland, Ohio - Company Wilmington, Delaware Incorporated in Texas - Services LLC (d) Incorporated in Ohio Phoenix, Arizona Incorporated in Delaware 0193 75-1994414 Brooklyn, Ohio 0382 9951035 34-1730758 Incorporated in Arizona 8325 34-1891371 Austin Capital Incorporated in Ohio Bond Lease 3277 14-1649022 KeyCorp - Management GP Corp. 7173 - Corporation VI KeyCorp (New York) (**) - Capital III (UC) Austin, Texas KBCM (UK) LTD. Cleveland, Ohio - Albany, New York Wilmington, Delaware Incorporated in Texas - London, United Kingdom Incorporated in Ohio Incorporated in New York Incorporated in Delaware 0303 20-3859147 Incorporated in UK 0382 9953035 34-1754492 3286 14-1485803 27-6029706 Society, LLC Secured Lease NCB Properties, Inc. (**) HNC Statutory - Cleveland, Ohio - Finance Corporation - Albany, New York - Trust III (UC) Incorporated in Ohio Cleveland, Ohio Incorporated in New York Wilmington, Delaware 0305 34-1007692 Incorporated in Ohio Incorporated in Delaware Ameritrust Company (**) 0382 9954035 34-1762296 51-6593348 - Cleveland, Ohio Secured Lease HNC Statutory Incorporated in Delaware - Finance Corporation II - Trust IV (UC) 0316 34-1484138 Cleveland, Ohio Wilmington, Delaware Midwest Power Incorporated in Ohio Incorporated in Delaware - Company 0382 9955035 34-1785327 75-3197218 Albany, New York McDonald Mortgage Westbank Capital Incorporated in Ohio - Pass-Through Corporation - Trust II (UC) 0370 51-0350172 Cleveland, Ohio West Springfield, Massachusetts Redwood Aviation Incorporated in Ohio Incorporated in Delaware - Company 75-3197219 Cleveland, Ohio Westbank Capital Incorporated in Delaware - Trust III (UC) 0372 34-1458516 West Springfield, Massachusetts Key Capital Incorporated in Delaware - Corporation Cleveland, Ohio Willow Grove Incorporated in Ohio - Statutory Trust I (UC) Hartford, Connecticut Incorporated in Connecticut 4 KeyCorp Report Item 2: Organization Chart (continued) The following is a list of limited liability company and partnership interests held directly or indirectly by KeyCorp, Cleveland, Ohio at December 31, 2019 Percentage Type of Ownership Incorporated Company and Location Investment (***) in Key Community Development Corporation, Cleveland, Ohio: ACP-1 L P - Chagrin Falls, Ohio (*) Limited Partnership 10 Ohio Fluke Venture Partners II, LP - Bellevue, Washington (*) Limited Partnership 6 Washington KeyBank National Association, Cleveland, Ohio: 300 Block MT, LLC - Syracuse, New York Limited Liability Company/Non-Managing Member 99 New York 591 Terrace, LLC - Depew, New York Limited Liability Company/Non-Managing Member 99 New York 686 Main St LLC - Buffalo, New York Limited Liability Company/Non-Managing Member 99 New York ARCO Lofts, LLC - Buffalo, New York Limited Liability Company/Non-Managing Member 99 New York Bethune Lofts, LLC - Buffalo, New York Limited Liability Company/Non-Managing Member 99 New York Button Lofts Master Tenant, LLC - Rochester, New York Limited Liability Company/Non-Managing Member 99 New York Community Economic Development Fund 1, LLC - Meridian, Connecticut (*) Limited Liability Company/Non-Managing Member 6 Connecticut Corporate Housing Initiatives III, Limited Partnership - Columbia, Maryland (a), (*) Limited Partnership 1 District of Columbia Deltapoint Capital IV, L P - Rochester, New York (*) Limited Partnership 7 Delaware DVCCC Phase IV, L P - Kennett Square, Pennsylvania Limited Partnership 67 Pennsylvania EIC Master Tenant LLC - Pittsburgh, Pennsylvania Limited Liability Company/Non-Managing Member 99 Pennsylvania Enterprise Community Opportunity Zone Fund III, LLC - Columbia, Maryland Limited Liability Company/Non-Managing Member 99 Maryland Enterprise Housing Partners IX LP - Columbia, Maryland (a), (*) Limited Partnership 1 Maryland Enterprise Housing Partners VII LP - Columbia, Maryland (a), (*)