• Increased DEI representation of our front office staff to approximately 30% ESG • Achieved our black, Indigenous, and people of color (BIPOC) representation goal of 18% in North America ESG • Committed to steering our investment portfolio to net zero carbon by 2050 and led an initiative to evaluate each investment with respect to ESG ESG TOTAL DIRECT COMPENSATION The table below shows the total direct compensation the board approved for Mr. Hartz for 2022, and his base salary and equity-based incentives for 2023, based on the recommendation of the CEO and the management resources and compensation committee. (US$) 2020 2021 2022 2023 Base salary $700,000 $700,000 $715,000 $750,000 1 Annual incentive $1,191,000 $1,864,000 $1,306,000 $1,125,000 (target) 1 Equity-based incentives PSUs $1,000,000 $1,200,000 $1,260,000 $1,380,000 • RSUs $400,000 $800,000 $840,000 $920,000 • stock options $600,000 $0 $0 $0 • Total direct compensation $3,891,000 $4,564,000 $4,121,000 $4,175,000 1 Timing of awards: the 2022 column includes the annual incentive awarded for 2022 and paid in February 2023 and the equity- based incentives granted in March 2022 2022 compensation mix 20% RSUs Fixed pay 17% Base salary Variable pay 32% Annual incentive 51% Equity-based incentives 31% PSUs 2023 target compensation mix 22% RSUs Fixed pay 18% Base salary Variable pay 27% Annual incentive 55% Equity-based incentives 33% PSUs 82 Manulife Financial Corporation