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EV Equity up to $69.2b before Dividend 2020 EV Equity Movement ($b) 63.9 Group EV Equity End of 2019 Note: + 4.2 AIA + 0.5 (0.2) + 2.8 71.1 (1.9) (1.0) + 0.9 69.2 (2.0) 67.2 EV Operating Profit $7.2b I Expected Return on EV VONB Operating Variances Finance Costs Group EV Equity Before Non-operating Variances Investment Return Variances Economic Other Assumption Non-operating Changes Items, Group EV Equity Before Dividend Paid Group EV Equity End of 2020 Exchange Dividend Rates and Other Items Due to rounding, numbers presented in the chart may not add up precisely 14

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