Investor Presentaiton

AIA Group Investment in China Post Life Investment ☐ AIA will own a 24.99% equity stake in China Post Life, post investment, through its wholly-owned subsidiary AIA Company Limited Investment of RMB12,033m (US$1,860m¹) representing 1.34x 2020 China Post Life book value on a pre-money basis² Fully financed on an all-cash basis by internal resources from Group Corporate Centre - financial flexibility remains very strong Financially compelling investment with significant upside potential China Post Life Unique operating structure and platform - enabling rapid profitable growth at scale with market-leading efficiency #1 bank-affiliated³ life insurer and #94 largest life insurer in China by Gross Written Premium5 ■ Access to ~40,000 financial outlets and more than 600m retail customers across China through distribution partnership with PSBC Governance ■ AIA will have the right to nominate one non-executive director to China Post Life Board AIN ■ AIA and China Post Life to form Technical Assistance Advisory Committee to deliver further value creation ■ Technical assistance provided by dedicated team from AIA Group Office - AIA China will operate independently from China Post Life ■ Business Cooperation Framework Agreement with China Post to explore additional business opportunities with AIA Conditions Subject to China Banking and Insurance Regulatory Commission (CBIRC) and other necessary regulatory approvals 1. Unless otherwise specified in this document, the translation of Renminbi into United States Dollars is made for illustration purposes only at the rate of RMB6.47 to US$1. No representation is made that any amounts in Renminbi could have been or could be converted at the specified rate. 2. 1.24x China Post Life pro forma book value on a post-money basis; 2020 book value on PRC GAAP basis, which refers to the generally accepted accounting principles in the People's Republic of China. 3. Bank-affiliated life insurer refers to a life insurer whose main distribution channel is bancassurance and is controlled by, or affiliated with, a large commercial bank in China. 4. WIND database of company filings, as at end of 2020. 5. Gross Written Premium refers to life insurance premium income on PRC GAAP basis (excluding reinsurance premium income). 3

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