Apollo Athene Investment Management Agreement

Josh Harris, co-founder of Apollo, said: “This transaction is another great example of the strategic benefits of Apollo`s relationship with Athene and the full value that Apollo`s insurance platform can bring. Together with Athene and other insurance companies, Apollo has invested approximately $1 billion to develop the expertise, technology, compliance and management infrastructure necessary for efficient and effective performance as a best-in-class operator. This infrastructure, combined with the available capital, provides our insurance clients with a considerable advantage in the market. As our insurance asset management business continues to grow, we will continue to invest in these capabilities to serve our clients. This press release contains, together with certain oral statements made from time to time by representatives of Athens, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are subject to risks and uncertainties that may differ materially from those expressed or implied by actual results, events and developments. These statements are based on the beliefs and assumptions of Athene`s management and the management of Athene`s subsidiaries. Contact Information For investors, please contact:Gary M. Stein Head of Investor Relations Apollo Global Management, Inc. (212) 822-0467 gstein@apollo.com Athene and Apollo will host a conference call to discuss the transaction on Monday, October 28, 2019 at 9:00 a.m. ET.m. A further presentation of the transaction is available on the ir.athene.com and apollo.com/stockholders websites. NEW YORK, June 18, 2020 (GLOBE NEWSWIRE) — Apollo Global Management, Inc. (NYSE: APO) (with its consolidated subsidiaries Apollo or “the Company”) today announced the development of its insurance asset management business, with Athene Holding Ltd (NYSE: ATH) (“Athene”) having entered into, with the support of the Athene Co-Invest Reinsurance Affiliate (ACRA), a fixed retirement reinsurance transaction with Jackson Private Life Insurance Company (“Jackson”), a subsidiary of Prudential plc (LSE: PRU).

Under the terms of the agreement, Athene will again insure a $27 billion block of deferred fixed and indexed fixed pensions. . . .

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