Investor Presentaiton

Higher yields driving improved investment performance Investment yield on technical reserves 5.0% 3.7% 2.4% 56 1.1% 29 18 1H22 2H22 1H23 2H23 (63) Credit spread impact ($m) ―Investment yield 15 Results Presentation | 21 August 2023 ~$12bn Investment Portfolio $7.4bn technical reserves invested in fixed interest & cash Gain of $271m driven by the higher investment yield and narrowing of credit spreads, offset by an increase in risk free rates ~250bps investment yield improvement in FY23 (~4.3%) vs FY22 (~1.8%) $4.4bn shareholders funds with growth asset weighting of -28% • Gain of $212m with positive performance across both growth and defensive assets iag

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