Investor Presentaiton

Interest Rates and EV Sensitivity AIA Long-term Assumptions vs Market Rates Weighted Average by Geography (1) 4.5% 4.0% 3.5% 3.0% 2.5% 2.0% I (1.6)% (1.3)% I | I I I Nov-10 Nov-11 Nov-12 I I I Nov-13 I Nov-14 Note: (1) Weighted average interest rates by VIF of Hong Kong, Mainland China, Thailand, Singapore and Malaysia 10 Year Market Forward (10-year Govt Bond) AIA Long-term Assumption (10-year Govt Bond) Nov-15 I I Nov-16 Dec-17 Dec-18 Jun-19 Dec-19 Sensitivity of EV As at 31 Dec 2019 61,985 AIA 1.2% 1.6% 10% fall in equity prices 50 basis points decrease in interest rates 50 basis points increase in interest rates 10% rise in equity prices (967) (797) 2019 EV 968 719 17

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