Investor Presentaiton

Returning value to shareholders (1) GREAT-WEST LIFECO INC. 1998 2018 CAGR Earnings per share (2) $0.59 $3.05 9% Dividends per share $0.22 $1.56 10% Share price $13.00 $28.18 4% $100 Invested (3) $100 $453 8% Consistent shareholder returns over many years 1. Data adjusted for historical share splits 2. Adjusted net earnings per share in 2018. Adjusted net earnings per share is a non-IFRS measure (refer to Note 1, slide 19) 3. Return calculation includes share price appreciation and cash dividends paid for the period Dec. 31, 1998 - Dec. 31, 2018 20 20

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