Athene Holding (ATH) Prices 27M Share IPO Inline with Prior Expectations

Athene Holding Ltd. (“Athene”) announced today the pricing of the initial public offering (“IPO”) of 27,000,000 of its Class A common shares at a price to the public of $40 per share. All of the Class A common shares are being sold by certain shareholders of Athene, and Athene will not receive any proceeds from the IPO. The underwriters have a 30-day option to purchase up to an additional 4,050,000 Class A common shares from certain of the selling shareholders at the IPO price of $40 per share, less the underwriting discount.

(NOTE: The Company recently saw 23.75 million shares pricing at $38 to $42 per share.)

Athene’s Class A common shares are expected to begin trading on the New York Stock Exchange on December 9, 2016 under the symbol “ATH.”

The closing of the offering is expected to occur on December 14, 2016, subject to satisfaction of customary closing conditions.

Goldman, Sachs & Co., Barclays, Citigroup and Wells Fargo Securities are acting as joint bookrunners of the offering and representatives of the underwriters. Additionally, BofA Merrill Lynch, BMO Capital Markets, Credit Suisse, Deutsche Bank Securities, J.P. Morgan, Morgan Stanley, RBC Capital Markets, BNP PARIBAS, BTIG, Evercore ISI, SunTrust Robinson Humphrey and UBS Investment Bank are acting as bookrunners of the offering. Dowling & Partners Securities LLC, Keefe, Bruyette & Woods, A Stifel Company, Lazard, Rothschild, Sandler O’Neill + Partners, L.P. and The Williams Capital Group, L.P. are acting as co-managers of the offering.

The offering will be made only by means of a prospectus. A copy of the prospectus related to the offering may be obtained from Goldman, Sachs & Co. at: Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, NY 10282; telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing [email protected]; Barclays Capital Inc. at: Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717; telephone: 888-603-5847 or by emailing: [email protected]; Citigroup Global Markets Inc. at: Citigroup Global Markets Inc. c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by telephone: 800-831-9146; or Wells Fargo Securities, LLC at: Wells Fargo Securities, LLC, Attn: Equity Syndicate, 375 Park Avenue, 4th Floor, New York, New York 10152; telephone: 800-326-5897 or by e-mailing [email protected].

A registration statement, including a prospectus, on Form S-1 relating to the Company’s Class A common shares has been declared effective by the U.S. Securities and Exchange Commission.

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