AAA Distribution

Athene Holding Ltd. (the “Company” or “Athene”) has been informed that on June 6, 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 (the “AAA Distribution”) occurred in connection with the pricing on June 6, 2017 of the Company’s offering of Athene Shares, as contemplated by the Company’s Registration Statement on Form S-1 (File Nos. 333-218163) (the “Offering”). The distribution to AAA unitholders was based on a ratio of 0.141063345 Athene Shares per AAA unit, rounded down to the nearest whole Athene Share to be received by AAA unitholders. In total, 10,767,217 Athene Shares were distributed to AAA unitholders, of which 5,611,396 were sold in the Offering and 5,155,821 were distributed to AAA unitholders and not sold in the Offering. In addition, in connection with the pricing of the Offering, AAA Investments, L.P., a direct subsidiary of AAA, distributed 849,581 Athene Shares to AAA Associates, L.P., the general partner of AAA Investments, L.P., in respect of carried interest and general partnership interest in connection with the distribution by AAA Investments, L.P. to AAA of Athene Shares to complete the AAA Distribution. Of the 849,581 Athene Shares distributed to AAA Associates, L.P., 844,164 were sold in the Offering.

Closing of the Offering

On June 12, 2017, the Offering successfully closed to an Underwriting Agreement, dated June 6, 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 18,630,000 Class A common shares of the Company (“Class A Shares”), including 2,430,000 Class A Shares sold as a result of the exercise of the Underwriters’ option to purchase additional Class A 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 Class A Shares to the Underwriting Agreement), approximately 7,243,516, 34,291,812, 52,451,541 and 15,652,409 Class A Shares will be eligible for future sale on July 21, 2017, December 8, 2017, March 3, 2018 and December 8, 2018, respectively. Of these Class A Shares, approximately 3,304,412, 28,050,666, 44,808,003 and 15,652,409 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.