Challenger Limited

09 December 2021

S&P AFFIRM CREDIT RATINGS

Challenger Limited (ASX: CGF) today announced S&P Global Ratings (S&P) has recently completed its annual ratings review and affirmed the credit rating and outlook for both Challenger Life Company Limited and Challenger Limited.

Challenger's S&P ratings are as follows:

  • Challenger Life Company Limited - 'A' rating with a stable outlook; and
  • Challenger Limited - 'BBB+' rating with a stable outlook.

ENDS

This release has been authorised by Challenger's Continuous Disclosure Committee.

About Challenger

Challenger Limited (Challenger) is an investment management firm focused on providing customers with financial security for a better retirement.

Challenger operates three core investment businesses - a fiduciary Funds Management division, an APRA-regulatedLife division and an APRA regulated authorised deposit-takinginstitution. Challenger Life Company Limited (Challenger Life) is Australia's largest provider of annuities.

For more information contact:

Stuart Kingham

Head of Investor Relations Mob +61 401 139 067 skingham@challenger.com.au

Mark Chen

Senior Investor Relations Manager Mob +61 423 823 209 machen@challenger.com.au

Jane Keeley

Head of External Communication Mob +61 402 663 522 jkeeley@challenger.com.au

Challenger Limited A.B.N 85 106 842 371. Disclaimer: The forward-looking statements, estimates and projections contained in this release are not representations as to future performance and nothing in this release should be relied upon as guarantees or representations of future performance.

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Disclaimer

Challenger Limited published this content on 09 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 December 2021 03:01:04 UTC.