Apollo Global Management Mergers and Acquisitions Presentation Deck

Win, Win, Win for Athene Customers, Apollo LPs and Shareholders Funds Platforms Products Examples Leveraging Athene Participation Hybrid Value Structured Credit Fund Family MidCap Athora Royalties Infrastructure Equity Financial Credit Fund Family Redding Ridge Haydock Catalina High Grade Alpha Total Return Fund Family 12/31/20 3rd Party AUM ~$11bn ~$89bn ~$11bn Total ~$111bn 1 Run-rate based on 12/31/20 AUM. There is no assurance that run-rate FRE revenue will be achieved. APOLLO Run-Rate 3rd Party FRE Revenue ¹ ~$60m ~$148m ~$113m ~$320m ● 100% alignment accelerates growth One-stop solution provider for issuers Buying and scaling platforms & assets Speed to market Breadth of products Significant amounts of capital & dry powder to drive transactions Investor across the entire credit spectrum 19

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