IFRS 17final standardissued by IASB

March 2019 Standard

stabilisation(end of TRG)

December 2019Balance sheetrestatement

September 2020Investor relations

conferences

March 2021Investor relations

conferences

IFRS 17 standardGo-Live

1st January 2021

First IFRS 17 complianthalf year financial statements

before 1st October 2021

Q1 2022First IFRS 17 full yearlyfinancial statements

published

Educate and communicate with investors

Perform parallel run of producing financial statement under IFRS 4 and IFRS 17Transition to IFRS 17

Engagement with regulators and governing bodies (e.g. IASB, EFRAG)

Impact on all internal actuarial review and reporting

Undertake initial interpretation & scoping working backwards from go-live date

Finance data, systems, process and people requirements defined

Solution designing, development, testing and preparation of historic data to determine transition positon

Implement major changes to Actuarial systems

Roll out changes to finance and data

Training of BAU teams

Review of strategy and impact on business plans

2017 2018 2019 2020 2021 2022

Critical path to IFRS 17 go-live