AAA Distribution

Athene Holding Ltd. (the “Company” or “Athene”) has been informed that on March 28, 2017, AP Alternative Assets, L.P. (“AAA”) announced that the contingency to the previously-announced conditional distribution of common shares of the Company (“Athene Shares”) was satisfied and the distribution of Athene Shares to AAA unitholders occurred in connection with the pricing on March 28, 2017 of the Company’s offering of Athene Shares, as contemplated by the Company’s Registration Statements on Form S-1 (File Nos. 333-216758 and 333-216994) (the “Offering”). The distribution to AAA unitholders was based on a ratio of 0.162346043 Athene Shares per AAA unit, rounded down to the nearest whole Athene Share to be received by AAA unitholders. In total, 12,391,703 Athene shares were distributed to AAA unitholders, which were either sold in the Offering or distributed to AAA unitholders without restriction on transfer.

Closing of the Offering

On April 3, 2017, the Offering successfully closed to an Underwriting Agreement, dated March 28, 2017 (the “Underwriting Agreement”), by and between the Company and Goldman, Sachs & Co., Barclays Capital Inc., Citigroup Global Markets Inc. and Wells Fargo Securities, LLC, as representatives of the several underwriters set forth therein (the “Underwriters”), resulting in the sale by the selling shareholders named in the Registration Statements of 31,625,000 Athene Shares, including 4,125,000 Athene Shares sold as a result of the exercise of the Underwriters’ option to purchase additional Athene Shares to the Underwriting Agreement.

Athene Shares Eligible for Future Sale Schedule

After giving effect to the Offering (including the exercise of the Underwriters’ option to purchase additional Athene Shares to the Underwriting Agreement), approximately 19,371,324, 36,242,529, 60,047,431 and 15,401,642 of Athene Shares will be eligible for future sale on July 21, 2017, December 8, 2017, March 3, 2018 and December 8, 2018, respectively. Of these Athene Shares, approximately 14,805,754, 28,169,896, 42,709,121 and 15,401,642 of the Athene Shares that are eligible for future sale on July 21, 2017, December 8, 2017, March 3, 2018 and December 8, 2018, respectively, are held by our officers, directors, employees or shareholders holding 5% or more of our outstanding common shares.

About ATHENE HOLDING LTD. (NYSE:ATH)

Athene Holding Ltd. (Athene Holding) is a Bermuda-based life insurance holding company. The Company is principally focused on the retirement market and whose business, through its subsidiaries, is focused on issuing or reinsuring fixed and equity indexed annuities. Athene Holding’s subsidiaries are Athene Annuity & Life Assurance Company, Athene Life Insurance Company, Investors Insurance Corp, and Athene Life Re Ltd. The products offered by Athene Holding, through its subsidiaries, include retail fixed and equity indexed annuity products; institutional products, such as funding agreements, and co-insurance and reinsurance arrangements with third-party life insurance and annuity providers. Assets of Athene Holding’s subsidiaries are managed by Athene Asset Management LLC.

ATHENE HOLDING LTD. (NYSE:ATH) Recent Trading Information

ATHENE HOLDING LTD. (NYSE:ATH) closed its last trading session up +0.51 at 50.50 with 3,172,283 shares trading hands.