Mr. Jeff Macoun of Canada Life Assurance Company reports

CANADA LIFE CLOSES VALUE PARTNERS ACQUISITION

The Canada Life Assurance Company, a subsidiary of Great-West Lifeco Inc., has completed the previously announced acquisition of Value Partners Group Inc. Value Partners includes Value Partners Investment Counsel, Value Partners Investments and LP Financial Planning Services Ltd.

"The acquisition of Value Partners accelerates our efforts to build Canada's leading wealth management platform for independent advisers and their clients," said Jeff Macoun, president and chief operating officer, Canada Life. "Value Partners is an excellent complement to our existing business, adding capabilities that strengthen our offering."

For additional details on this transaction, please refer to the news release dated June 13, 2023.

About Great-West Lifeco Inc.

Great-West Lifeco is an international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management, and reinsurance businesses. The company operates in Canada, the United States and Europe under the brands Canada Life, Empower, Putnam Investments and Irish Life. At the end of 2022, the companies had approximately 31,000 employees, 234,500 adviser relationships and thousands of distribution partners -- all serving their more than 38 million client relationships across these regions. Great-West Lifeco is a member of the Power Corp. of Canada group of companies.

About The Canada Life Assurance Company

The Canada Life Assurance Company is an international company providing insurance, wealth management, and health care benefit products and services in Canada, the United Kingdom, Isle of Man and Germany, and in Ireland through Irish Life. Canada Life also provides reinsurance products, through Canada Life Reinsurance, primarily in the United States, Barbados, Bermuda and Ireland.

Canada Life is a subsidiary of Great-West Lifeco and a member of the Power Corp. of Canada group of companies.

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