Termination and change in control The table below shows the estimated amounts that would be provided to each named executive if employment is terminated under five different scenarios, assuming the scenario took place on December 31, 2022. The actual amounts will depend on our share price at the time as well as other variables, such as the named executive’s age and years of service. The information below is shown in Canadian dollars. Amounts for our named executives compensated in U.S. dollars have been converted using the average 2022 exchange rate of US$1.00 = $1.3015. Retirement Termination (early or with Termination Change in Type of payment normal) Resignation cause without cause control Roy Gori Severance – – – $9,370,800 $12,669,734 Additional vesting of RSUs, PSUs and stock options – – – $25,389,278 $25,931,433 Pension – – – – – Total value – – – $34,760,078 $38,601,167 Phil Witherington Severance – – – $3,348,750 – Additional vesting of RSUs, PSUs and stock options – – – $4,426,876 – Pension – – – – – Total value – – – $7,775,626 – Marc Costantini Severance – – – $2,202,138 – Additional vesting of RSUs, PSUs and stock options – – – $830,116 – Pension – – – – – Total value – – – $3,032,254 – Marianne Harrison Severance – – – $3,463,780 – Additional vesting of RSUs, PSUs and stock options $9,057,565 (1) – $9,057,565 – Pension – – – – – Total value $9,057,565 – – $12,521,345 – Scott Hartz Severance – – – $3,489,647 – Additional vesting of RSUs, PSUs and stock options $6,973,987 (1) – $6,973,987 – Pension – – – – – Total value $6,973,987 – – $10,463,634 – (1) Ms. Harrison and Mr. Hartz have met certain age and service criteria for additional vesting of equity upon a resignation with prescribed advanced written notice. For purposes of this disclosure, such resignations are referred to as “Retirement”. Equity-based awards are treated according to the terms and conditions of the award agreements and plan documents unless the named executive has entered into an agreement that indicates otherwise. See the next page for information about Mr. Gori’s change in control agreement and employment agreement. The amount shown for additional vesting of RSUs, PSUs and stock options is the estimated value that would be payable under each termination scenario, and is based on $24.15, the closing price of Manulife common shares on the TSX on December 31, 2022. The value of performance share units is calculated assuming a performance factor of 100%. 98 Manulife Financial Corporation