Mr. Sachin Shah reports

BROOKFIELD WEALTH SOLUTIONS COMPLETES ACQUISITION OF JUST GROUP

Brookfield Wealth Solutions Ltd. (BWS) has completed 2.4-billion-British-pound ($3.2-billion) acquisition of Just Group PLC.

Just is a leading provider of retirement services in the United Kingdom pension risk transfer and individual annuity markets. Just has over 700,000 customers and manages 30 billion British pounds of pension savings.

Sachin Shah, chief executive officer of Brookfield Wealth Solutions, said: "We're delighted to welcome Just to Brookfield Wealth Solutions, and we look forward to building on the company's strong commitment to serving its policyholders. We will draw on our permanent capital and Brookfield's leading investment capabilities as we support Just's continued growth as a scaled leader in the U.K. annuity market."

With BWS's support, Just is well positioned to capture growth in the U.K. pension risk transfer market, where projections estimate 40 billion to 50 billion British pounds of pension liabilities will transfer to insurers annually in the coming years. The acquisition of Just significantly expands BWS's United Kingdom presence and international operations and increases its global insurance assets under management to approximately $180-billion.

As part of the transaction, Nigel Wilson has been appointed as independent chair of Just. Mr. Nigel was chief executive officer of the United Kingdom's Legal & General Group PLC from 2012 to 2024.

The transaction was approved by the Prudential Regulation Authority and the Financial Conduct Authority, both of which were constructive throughout the process.

Brookfield is one of the largest private investors in the United Kingdom with approximately 70 billion British pounds (over $90-billion) invested in sectors critical to the economy, including high-quality, long-term infrastructure and real estate.

About Brookfield Wealth Solutions Ltd.

Brookfield Wealth Solutions is focused on securing the financial futures of individuals and institutions through a range of retirement services, wealth protection products and tailored capital solutions. Each Class A exchangeable limited voting share of Brookfield Wealth Solutions is exchangeable on a one-for-one basis with a Class A limited voting share of Brookfield Corp.

We seek Safe Harbor.