ClearView Investor Presentation Year Ended 30 June 2024

Embedded Value 1 Waterfall: FY23 - FY24 ($M) Embedded Value movement analysis

Cash dividends paid in FY24 has a -$29.7m impact

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1. Embedded Value at 4% discount rate margin, including a value for future franking credits, accrued franking credits and Employee Share Plan (ESP) loans. Risk free rate of 4% adopted in FY24 (FY23: 4%)

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