Investor Presentaiton

2022 ANW Movement 33.3 + 10.4 ANW Movement ($b) AIA + 4.8 (0.2) + 0.2 (0.4) 48.2 (5.9) (1.5) (1.2) (2.3) (3.6) 33.8 ANW End of 2021 HKRBC Early Adoption, Release of Expected Return Additional Resilience Margins and Acquisition Contribution to ANW from VONB Note: Due to rounding, numbers presented in the chart may not add up precisely Operating Variances Finance Costs ANW Before Non- operating Variances Investment Return Variances and Economic Assumption Changes Other Non-operating Variances Exchange Rates and Other Items Dividend Paid Share Buy-back ANW End of 2022 56 99

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