Page 1

generation development group ASX Announcement ☐ 19 January 2021 Funds under management ( FUM ) as at 31 December 2020 and update on the Generation Life Investment Linked Lifetime Annuity ( Generation Life Lifetime Annuity ) 1. Investment Bonds December Quarter FY21 Highlights • • • Sales inflows of $ 84m including strong sales in November and December more than offsetting weaker October due to uncertainty heading into the US elections in November Net inflows of $ 59m with continued low redemption rates FUM growth of $ 261m for the quarter supported by significant investment growth FUM of $ 1,489m is 21 % higher than PCP Generation Development Group ( GDG ) continues to capture the largest market share of inflows into Investment Bonds with a 40 % market share of quarterly inflows¹ Movements for the Quarter Opening Sales Inflows Investment Growth Quarter ended December 2020 ( $ m ) Quarter ended December 2019 ( $ m ) Change ( $ m ) Change ( % ) 1,363.2 1,156.7 206.50 18 84.4 84.6 ( 0.20 ) ( 0 ) 67.2 11.3 55.90 495 Withdrawals & Maturities ( 25.9 ) ( 25.2 ) ( 0.70 ) ( 3 ) Closing 1,488.9 1,227.4 261.50 1 Plan for Life , Investment Bonds Market Report for period ended 30 September 2020 . Generation Development Group Limited | ABN 90 087 334 370 221 1