Investor Presentaiton

PERFORMANCE TAL will leverage its proven capability in translating acquisitions into value and future performance Asteron Life Metric IRR Synergies delivered What have we achieved 10%+ $75m Integration delivery duration Completed within 30 months, $40m below budget Cash contribution $100m (in FY2021) Westpac Life Metric IRR Promised 10%+ Synergies targeted Integration delivery duration Cash contribution $70m+ (by 2025) 24 months $135m (from FY 2024) Strategic objectives Enhances scale and capability and opens up important new distribution channels Provides a strong base for continued growth Strategic objectives Continue to diversify products and distribution channels Future growth opportunities through 20-year distribution arrangement Access to Westpac Bank's 13 million customers Aligned to Dai-ichi Life's mid-term management plan Exceeding the cost of capital and financial hurdle rates We have a disciplined financial approach to M&A and proven integration capability which has delivered on our strategic objectives. We have the same leadership and execution team dedicated to the integration, and have a strong partnership through Westpac. 15 TAL Presentation TAL

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