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Investor Presentaiton

Power discount to NAV¹ Power's discount to NAV has been narrowing through execution of its value creation strategy 40% 35% 30% 25% 20% 15% Discount to NAV 30-Day Rolling Avg. Dec'15 to Dec'18 34% average discount to NAV Great-West sale of U.S. life business announced PCC / PFC reorganization announced WHO declares global pandemic Wealthsimple fundraising & Lion merger 3 level share buyback announced Multiple transactions across Power group Russia-Ukraine conflict escalates 10% Dec'15 Jun'16 Dec'16 Jun'17 Dec'17 Jun '18 Dec'18 Jun'19 Dec'19 Jun'20 Dec'20 Jun'21 Dec'21 Jun'22 Dec'22 Jun'23 1 Discount to NAV is a non-IFRS ratio. Refer to the "Non-IFRS Financial Measures" section at the beginning of this presentation for more information. 2 As at November 13, 2023. POWER CORPORATION OF CANADA QUARTERLY RESULTS PRESENTATION | Q3 2023 31.8% discount to NAV² 20
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