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Investor Presentaiton

Accounting policies and methodological choices - IFRS 9 (cont'd) Listed equity investments Investment funds and Private Equity Vanilla fixed income Real estate ECL Legal & General L&G's statement that assets to be classified based on their characteristics and the business model Annuities: A portion of annuity assets, broadly backing the CSM, classified as amortized cost Protection: All assets backing the protection business classified as either fair value through OCl or amortized cost ► Not commented M&G Manulife ► Not commented ▸ FVPL Not commented Not commented Not commented Munich Re NN Group FVOCI without P &L recycling FV PL Not commented ► Not commented FVPL FVOCI (SPPI-passed) FVPL (SPPI-failed) Not commented Not commented ► Amortized costs (non- VFA) ► Not commented Not commented ▸ FVPL (VFA) HTCS (low volume that fails SPPI test) Not commented ECL at transition to be small given the high portfolio quality Not expected to be significant 41 Market updates on impact of IFRS 17 and IFRS 9 EY

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