1st Quarter Investor Update

Reconciliation of PPL's Earnings Forecast (1) (3) 23 (2) After-Tax (Unaudited) (per-share diluted) Estimate of Reported Earnings Midpoint 1.49 2023 Forecast Range High 1.56 Low 1.41 Less: Special Items (expense) benefit: (1) Acquisition integration (2) (0.08) (0.08) (0.08) Sale of Safari Holdings (3) (0.01) (0.01) (0.01) Total Special Items (0.09) (0.09) (0.09) Forecast of Earnings from Ongoing Operations 1.58 $ 1.65 $ 1.50 Reflects only special items recorded through March 31, 2023. PPL is not able to forecast special items for future periods. Primarily integration and related costs associated with the acquisition of Rhode Island Energy. Final closing adjustments related to the sale of Safari Holdings. ppl 34 ==

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