Investor Presentaiton

U.S.-Great-West Financial & Putnam Net Earnings $388 Sales $105,948 AUA GREAT-WEST LIFECO INC. $951,897 • Great-West Financial Empower Retirement #2 defined contribution (DC) recordkeeper with 8.8M participants and AUA of US$516B DC recordkeeping and administration, and Individual retirement accounts Distributed through brokers, consultants, advisors, third party administrators, and banks Great-West Investments Internally managed and sub-advised Mutual Funds, General Account, Trusts, and Managed Accounts • Distributed through Empower Retirement • • Putnam Investments Retail mutual funds and institutional asset management; AUM of US$160B Broad range of investment products, including equity, fixed-income, absolute return and alternative strategies Strong fund investment performance with 87% of fund assets performing at levels above the Lipper median on a three-year basis1 ⚫ Distributed through broker dealers, financial planners, registered investment advisors and other financial institutions Note: Figures in C$ millions unless otherwise specified; 2018 net earnings and sales; AUA and AUM as of December 31, 2018. 1. As of December 31, 2018 10

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