Investor Presentaiton

Macro themes underpinning our strategy Ageing population Structural growth in sector Meeting needs of customers • Today: ~9.3m of the Australian population >50 years old Forecast: ~16.1 million by 2063 • Non-cyclical growth: stage of life drives action regardless of the macroeconomic cycle Australia population over 50 (1981 - 2071) • Increasing need for affordable housing options • Low market penetration in land lease sector: only~2% penetration compared to ~6% in retirement villages sector Land lease communities in early stages with customer awareness building Undersupply of Australian Land Lease Communities Homes • Insufficient savings: a significant number of retirement aged Australians have insufficient superannuation for the ASFA's "comfortable" retirement standard • Helps fund retirement: new residents benefit from equity release on average of approximately $259,000 upon sale of previous home • Meets customer preferences: LIC provides desired ownership, control, safety, security and social interaction 18m 16m 14m 12m 10m 8m 6m 4m 2m Om 50.0% Annual supply of 40.0% homes required 6,000 30.0% 5,000 4,000 Almost doubling 20.0% 3,000 over 40 years 2,000 10.0% 1,000 Forecast >> 0.0% 0 1981 1991 2001 2011 2021 2031 2041 2051 2061 2071 Population over 50 (LHS) Proportion of Population over 50 (RHS) Current supply Maintain 2.5% penetration in 2033 Increase to 3.0% penetration in 2033 Source: ABS Lifestyle Communities - Equity Raising Presentation - February 2024 Source: ABS, LIC estimates On average, equity release of approximately $259,000 upon sale of previous home Source: LIC proprietary data 6

View entire presentation