Apollo Global Management Investor Day Presentation Deck

ADIP is an Innovative Tool Which Drives Greater Capital Efficiency % OF ANNUAL GROWTH ATHENE SUPPORTS WITH ITS OWN CAPITAL 100% 1. Based upon current 5-year projections and estimates. APOLLO INVESTOR DAY 2021 Pre-IPO (Pre-ADIP) 77% Post-ADIP (2019-1H21) 55-60% Future¹ We anticipate Athene will be increasingly capital efficient going forward 47

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