Hudson Litigation Update

On June 12, 2015, Don Hudson, on behalf of himself and others similarly situated, filed a putative class action complaint in the United States District Court, Northern District of California against Athene Holding Ltd. (the “Company”), its subsidiaries Athene Annuity and Life Company (“AAIA”), Athene USA Corporation, and Athene Life Re Ltd. (“ALRe”) in addition to Apollo Global Management, LLC and Athene Asset Management, L.P. The complaint, which is similar to complaints recently filed against other large insurance companies, purports to be brought on behalf of a class of purchasers of annuity products issued by AAIA between 2007 and the present. The complaint primarily alleges that captive reinsurance and other transactions had the effect of misrepresenting the financial condition of AAIA. There are also various allegations related to the purchase of Aviva USA Corporation and concerning entry into a modco transaction with ALRe in October 2013. The suit asserts claims of violation of the Racketeer Influenced and Corrupt Organizations Act and seeks compensatory damages, trebled, in an amount to be determined, costs and attorneys’ fees. On March 25, 2016, the matter was transferred to the United States District Court, Southern District of Iowa (the “S.D. IA Court”). The Company moved to dismiss an amended complaint on June 30, 2016. On May 11, 2017, the S.D. IA Court, in a written decision, dismissed the action. Although plaintiff has a right to appeal the dismissal, in a similar case on April 13, 2017, the Eight Circuit affirmed the district court’s dismissal of the claims in Ludwick v. Harbinger Grp., Inc.>The Company believes it has meritorious defenses to the claims set forth in the amended complaint and intends to vigorously defend any appeal and the litigation.

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 down -1.06 at 50.86 with 2,099,327 shares trading hands.