Great-West Lifeco Inc. and Affiliates: Rating Report

DBRS Limited (DBRS) confirmed Great-West Lifeco Inc.’s (GWO or the Company) Issuer Rating and Debentures at A (high) and its Non-Cumulative First Preferred Shares at Pfd-2 (high). DBRS also confirmed the Financial Strength Ratings of GWO’s major operating subsidiaries The Great-West Life Assurance Company, The Canada Life Assurance Company and London Life Insurance Company at AA. The Great-West Life Assurance Company’s Issuer Rating was confirmed at AA and its Preferred Shares were confirmed at Pfd-1. The Canada Life Assurance Company’s Subordinated Debentures were confirmed at AA (low). All trends are Stable.