Apollo Global Management Investor Day Presentation Deck

Tomorrow's Apollo Will... Be More Aligned With Employees Greater emphasis on stock compensation; one-time equity investment in alignment concurrent with merger 9 APOLLO INVESTOR DAY 2021 Undertaking a holistic and necessary revamp of our comp model... ...which we believe drives a powerful and positive impact as we execute for our shareholders Give employees greater share of incentive fees undervalued by market Strengthens employee alignment with investment performance Stronger alignment with stock performance Better continuity and longer tenure Improves long-term FRE margin potential 71

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