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Important Disclosure Information This presentation is for educational purposes only and should not be included herein is presented as of the dates indicated. This presentation treated as research. This presentation may not be distributed, transmitted is not complete and the information contained herein may change at any or otherwise communicated to others, in whole or in part, without the time without notice. Apollo does not have any responsibility to update express written consent of Apollo Global Management, Inc. (together with the presentation to account for such changes. Apollo has not made any its subsidiaries, “Apollo”). representation or warranty, expressed or implied, with respect to fairness, correctness, accuracy, reasonableness, or completeness of any of the The views and opinions expressed in this presentation are the views and information contained herein, and expressly disclaims any responsibility opinions of the author(s) of the White Paper. They do not necessarily or liability therefore. The information contained herein is not intended to reflect the views and opinions of Apollo and are subject to change at any provide, and should not be relied upon for, accounting, legal or tax advice time without notice. Further, Apollo and its affiliates may have positions or investment recommendations. Investors should make an independent (long or short) or engage in securities transactions that are not consistent investigation of the information contained herein, including consulting with the information and views expressed in this presentation. There their tax, legal, accounting or other advisors about such information. can be no assurance that an investment strategy will be successful. Apollo does not act for you and is not responsible for providing you with Historic market trends are not reliable indicators of actual future market the protections afforded to its clients. behavior or future performance of any particular investment which may differ materially, and should not be relied upon as such. Target Certain information contained herein may be “forward-looking” in nature. allocations contained herein are subject to change. There is no assurance Due to various risks and uncertainties, actual events or results may differ that the target allocations will be achieved, and actual allocations may materially from those reflected or contemplated in such forward-looking be significantly different than that shown here. This presentation does information. As such, undue reliance should not be placed on such not constitute an offer of any service or product of Apollo. It is not an information. Forward-looking statements may be identified by the use of invitation by or on behalf of Apollo to any person to buy or sell any terminology including, but not limited to, “may”, “will”, “should”, “expect”, security or to adopt any investment strategy, and shall not form the basis “anticipate”, “target”, “project”, “estimate”, “intend”, “continue” or “believe” of, nor may it accompany nor form part of, any right or contract to buy or the negatives thereof or other variations thereon or comparable or sell any security or to adopt any investment strategy. Nothing herein terminology. should be taken as investment advice or a recommendation to enter into any transaction. The “Standard & Poor’s 500 (“S&P 500”) Index is a market-capitalization- weighted index of the 500 largest U.S. publicly traded companies by Hyperlinks to third-party websites in this presentation are provided for market value. reader convenience only. There can be no assurance that any trends discussed herein will continue. Unless otherwise noted, information Additional information may be available upon request. To learn more, visit ApolloAcademy.com. @ 2022 APOLLO GLOBAL MANAGEMENT, INC. ALL RIGHTS RESERVED. APO-IU208850(1222)

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