Executive Compensation DEFINED BENEFIT PENSION PLAN TABLE Messrs. Costantini and Hartz and Ms. Harrison participate in the John Hancock Cash Balance Plan. Mr. Costantini had earned cash balance benefits for the periods he previously worked for Manulife in the U.S. from September 2000 to January 2014 and has been earning cash balance benefits since rejoining us in June 2022. Ms. Harrison has earned cash balance benefits since October 2017 and from March 2008 to December 2012 when she previously worked in the U.S. Mr. Hartz earned final average pay benefits until December 31, 2011 under our legacy plan provisions and defined benefit supplemental arrangement and has been earning cash balance benefits thereafter. The table below shows the defined benefit pension plan obligations for our three named executives in the United States: Number of years of Annual Opening Closing credited benefits present Compensatory present service payable value of change value of defined Non- defined Dec 31, Age Dec 31, benefit Service compensatory benefit 2022 65 2022 Age 65 obligation cost Other change obligation 1 24.2 35.8 $85,200 $116,900 $642,800 $21,600 $0 ($56,600) $607,800 Marc Costantini Marianne Harrison 10.1 16.1 $27,500 $41,900 $223,400 $22,100 $0 $14,000 $259,500 Scott Hartz 39.5 42.7 $737,600 $744,700 $10,427,500 $22,100 $0 ($2,149,000)$8,300,600 1 Excludes distributions that Mr. Costantini received after his departure from Manulife in January 2014. Annual benefits payable Based on current pensionable earnings as of December 31, 2022 and the noted credited service, payable from age 65. Opening and closing defined benefit obligation Value of the projected pension for service to December 31, 2021 and December 31, 2022 respectively, using the actuarial assumptions used to determine the defined benefit obligations at those dates, as disclosed in Note 16 of our 2022 consolidated financial statements. Service cost Value of the projected pension earned for service in 2022, using the actuarial assumptions used to determine the defined benefit obligations on December 31, 2022, as disclosed in Note 16 of our 2022 consolidated financial statements. Other The impact of any plan amendments and differences between the actual and assumed compensation. Non-compensatory change Includes the impact of interest accruing on the opening defined benefit obligation, changes in the actuarial assumptions, experience gains and losses and any amounts due to currency fluctuations. Exchange rates Closing present value of defined benefit obligations for Ms. Harrison, Mr. Hartz and Mr. Costantini have been converted using the December 31 exchange rate of US$1.00 = $1.3549 for 2022 and US$1.00 = $1.2678 for 2021. The other amounts have been converted using the average 2022 exchange rate of US$1.00 = $1.3015. 2023 Management information circular 93