Athene Holding Ltd

With regard to our US business, we outsource some portion or all of each of the following functions to third-party service providers:

•hosting of financial systems;

•policy administration of existing policies;

•custody;

•information technology development and maintenance; and

•investment management.

We closely monitor our outsourcing partners and integrate their services into our operations. We believe that outsourcing such functions allows us to focus capital and our employees on our core business operations and perform higher utility functions, such as actuarial, product development and risk management. In addition, we believe an outsourcing model provides predictable pricing and service levels and operational flexibility while further allowing us to benefit from technological developments that enhance our capabilities, each in a manner that we would not otherwise be able to achieve without investing more of our own capital. We believe we have a good relationship with our principal outsource service providers.