Canadian All Cap Growth Equity (GWLIM)

Why this Mandate? A growth + quality Canadian-focused strategy Canadian All Cap Growth Equity A growth + quality Canadian-focused strategy Focused on companies with attractive valuations and resilient earnings growth Proven track record in finding growth leaders Expertise in seeking out and investing in smaller-companies that have become industry leaders Strong long-term performance Above median performance over 1-, 3-, 5-, 7- and 10-year periods (for both LL and GWL segregated fund versions, gross, as at Sept. 30/18) First quartile performer over past year

GWLIM Investment Process Canadian All Cap Growth Equity Blending a top-down market/economic view with bottom-up stock selection to enhance risk-reward trade-offs Ongoing review of sector/stock weights and exposure to cyclical/non-cyclical holdings throughout the business cycle

Excellent Short and Long Term Track Record Canadian All Cap Growth Equity GWLIM Canadian All Cap Growth Equity Source: GLC, S&P | Fund: GCNEQ3 – Great-West Life Canadian Equity Fund (GWLIM). Inception: Jan. 9, 1987.

Excellent Short and Long Term Track Record Canadian All Cap Growth Equity Source: GLC, S&P | Fund: LCDEQG – London Life Canadian Equity Fund (GWLIM). Inception: July 27, 1998.