Share buyback programmes

On 5 September 2023, the Board of Directors of Swiss Life Holding Ltd ("Swiss Life" or the "Company") approved the repurchase of its own registered shares with a par value of CHF 0.10 each (the "Swiss Life
Shares") up to a maximum repurchase value of CHF 300 million by way of a share buyback programme with the purpose of capital reduction (the "Programme").

The Programme, which was announced on 6 September 2023, started on 2 October 2023 and was completed on 28 March 2024, after 502 081 shares for a total of CHF 300 million were repurchased. Repurchases of Swiss Life Shares for the purpose of a later capital reduction were carried out on a second trading line on the SIX Swiss Exchange, with Swiss Life as the exclusive buyer, delegated to Zürcher Kantonalbank acting as agent*.

Shareholders wishing to sell Swiss Life Shares could do so either via the ordinary trading line or via the second trading line. The repurchase of own shares with the purpose of capital reduction was treated as a partial liquidation of the repurchasing company for both federal withholding tax and income tax purposes.

These statements do not constitute a comprehensive description of possible tax consequences nor tax advice. Shareholders are advised to consult their own tax advisor regarding the tax consequences of participating in the Programme.

* The AGM on 15 May 2024 will decide about the resolution for the cancellation of the 502 081 shares repurchased between 2 October 2023 and 28 March 2024.

Further details on the Programme can be found in the official announcements in German and French:

Maximum daily repurchase volume (calculated in accordance with Art. 123 Abs. 1 lit. c FMIO):
Swiss Life is limited to repurchasing a maximum of 21 769 shares per day.