Update on senior manager remuneration

Aviva plc (“Aviva”) announces changes to the remuneration of Executive Directors and the Aviva Leadership Team.

In light of the significant uncertainties presented by COVID-19 and the need for continued prudence, the following changes to senior manager remuneration have been agreed:

• Executive Directors and the Aviva Leadership Team will not be considered for any bonus for 2020 until dividend payments are restarted for ordinary shareholders;
• Basic pay increases for Executive Directors and the Aviva Leadership Team, due to come into effect on 1^st April 2020, will be paused until dividend payments are restarted for ordinary shareholders.

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• On 8^th April 2020 Aviva announced that the Board of Directors agreed to withdraw its recommendation to pay the 2019 final dividend to ordinary shareholders in June 2020: https://www.aviva.com/newsroom/news-releases/2020/04/update-on-covid-19-and-2019-final-dividend/
• For information on how Aviva is helping our people, customers and communities impacted by COVID-19 visit: www.aviva.com/covid-19-our-response/
• Aviva is a leading international savings, retirement and insurance business. We exist to be with people when it really matters, throughout their lives – to help them make the most of life. We have been taking care of people for more than 320 years, in line with our purpose of being ‘with you today, for a better tomorrow’.
• Our vision is to earn our customers’ trust as the best place to save for the future, navigate retirement and insure what matters most to them. In 2019, we paid £33.2 billion in claims and benefits on behalf of our 33.4 million customers.
• We operate through five business divisions: Investments, Savings & Retirement; UK Life; General Insurance; Europe Life; and Asia Life; and focus on three strategic priorities: deliver great customer outcomes, excel at the fundamentals and invest in sustainable growth.
• Total group assets under management at Aviva group are £510 billion and our Solvency II capital surplus is £12.6 billion (FY19). Our shares are listed on the London Stock Exchange and we are a member of the FTSE 100 index.
• For more details on what we do, our business and how we help our customers, visit www.aviva.com/about-us