1Q 2024 Trading Update Lard Friese Matt Rider Chief Executive Officer Chief Financial Officer May 16, 2024 Key messages ▪ EUR 256 million operating capital generation1, on track to meet the guidance of around EUR 1.1 billion for 2024 ▪ Continued strong sales growth in US Strategic Assets, UK Workplace, and Brazil; positive third-party net flows in Asset Management; challenges in UK Retail ▪ Steady progress to reduce exposure to Financial Assets through ongoing management actions ▪ Cash capital at Holding st ...