Investor Presentaiton

Pacific Life Sustainable Bond Framework IN ALIGNMENT WITH THE FOUR COMPONENTS OF THE SUSTAINABILITY BOND GUIDELINES-2018 (SBG), THE GREEN BOND PRINCIPLES-2018 (GBP) AND THE SOCIAL BOND PRINCIPLES-2020 (SBP) Use of proceeds Process for project evaluation and selection An amount equal to the net proceeds will be allocated to existing or future investments in or financings of Eligible Projects that meet Pacific Life's Sustainable Bond Framework Eligibility Criteria: ■Green Buildings, Renewable Energy, Energy Efficiency, Sustainable Water and Wastewater Management, Terrestrial and Aquatic Biodiversity Conservation, Clean Transportation, Access to Essential Services - Education, Affordable Housing Pacific Life's Sustainable Bond Steering Committee is comprised of members from the Institutional Capital Markets Group, Investment Management, Commercial Real Estate, Law Department, Corporate Affairs, and/or Brand Management, and is responsible for the review and selection of the green and social projects that will qualify as Eligible Projects for the final approval of Pacific Life's Institutional Capital Markets Group Pacific Life tracks allocations using its internal recording system Management of proceeds Reporting Pacific Life intends to allocate an amount equal to the net proceeds in the first 36 months after issuance Pacific Life has posted the Annual Review (dated February 25, 2022) on Pacific Life's website specifying the 1) Use of Proceeds 2) Eligibility Criteria and 3) Associated KPIs for our inaugural sustainable bond issuance Pacific Life has posted on its website a Second Party Opinion from a consultant with recognized environmental and social expertise that provides an opinion on the environmental and social benefits of Pacific Life's Sustainable Bond Framework as well as the alignment to the SBG, GBP and SBP PACIFIC LIFE SUSTAINALYTICS PLGFII Investor Presentation (Q3 2022) 30 of 33

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