In 1985 K. Saito [Sal] introduced the concept of an extended affine Weyl group (EAWG), the Weyl group of an extended affine root system (EARS). In [A2, Section 5J, we gave a presentation called “a presentation by conjugation” for the class of EAWGs of index zero, a subclass of EAWGs. In this paper we will give a presentation wh.ich we call a “generalized present.ation by conjugation” for the class of reduced EAWGs. If the extended affine Weyl group is of index zero this presentation reduces to “a presentation by conjugation”. Our main result states that when the nullity of the EARS is 2, these two presentations coincide that is, EAWGs of nullity 2 have “a presentation by conjugation”. In [ST] another presentation for EAWGs of nullity 2 is given.