without

When a life insurance policy is subject to capital gains tax, the tax is due as soon as a capital gain is realized upon surrender or upon the payment of the death benefit at the end of the policy term.If the policy is paid out following the death of the insured, the beneficiaries under the death benefit clause do not have to pay any capital gains tax on the realized gains. It goes without saying, however, that inheritance tax may still be due in accordance with applicable law.

to MAB: (i) classic life insurance contracts in branches 21 and 22 (without flexible premium) including the supplementary insurances herewith, (ii) life insurance contracts in branch 21 and non-life insurance contracts in branch 1 under the title... The Allianz classic life insurance, excl. flexible premium, portfolio was acquired on 1 April 2021. The majority, i.e. branch 21 products, consists of simple product offerings composed mostly of endowment policies, with and without protection riders

December 2022, on the basis of an outsourcing agreement. ▪ On 31 October 2022, AXA Belgium NV transferred the following books to MAB: (i) classic life insurance contracts in branches 21 and 22 (without flexible premium) (including the supplementary

) classic life insurance contracts in branches 21 and 22 (without flexible premium) (including the supplementary insurances herewith, (ii) life insurance contracts in branch 21 and non- life insurance contracts in branch 1 subscribed by Family Protect NV

21 and 22 (without flexible premium) (including the supplementary insurances herewith, (ii) life insurance contracts in branch 21 and non-life insurance contracts in branch 1 subscribed by Family Protect NV between 2010 and 2016 or by AXA Belgium NV..., consists of simple product offering composed mostly of endowment policies, with and without protection riders, carrying relatively high guarantees averaging 4.24%. There is also a small number of Branch 22 products. Additionally, a mortgage book of 3,400

Pension Pension Total contracts Insurances insurances Insurances Commitments 202012 35 3,843 51 566 4,495 202112 35 3,813 51 556 4,455 Evolution (YTD) 0 -30 0 -10 -40 Allianz Portfolio The Allianz classic life insurance, without flexible premium, portfolio was acquired on 1 April 2021. The majority, branch 21 products, consist of simple product offering composed mostly of endowment policies, with and without protection riders, carrying relatively high guarantees averaging 4.24%. There is also a st