Market Overview

Athene Signs Pension Buyout Agreement with MillerCoors


Athene Holding Ltd. ("Athene") (NYSE:ATH) announced today that Athene
Annuity and Life Company ("AAIA"), Athene's wholly-owned Iowa-domiciled
life insurance subsidiary, has entered into a pension buyout agreement
with Molson Coors Brewing Company (NYSE:TAP, TSX:TPX) and its
wholly-owned subsidiary MillerCoors LLC ("MillerCoors"). The transaction
is structured as a buyout arrangement in which AAIA agrees to provide
annuity benefits to more than 6,000 retirees and beneficiaries who are
receiving benefits from the MillerCoors LLC Pension Plan (the "Plan").
Under this deal, MillerCoors is transferring over $900 million in
pension obligations to Athene. Starting May 1, 2018, Athene will begin
making benefit payments to the affected individuals along with providing
ongoing administrative services. Retirees and beneficiaries will receive
the same monthly benefit they were previously receiving from the Plan.

"We are proud MillerCoors has entrusted Athene to provide retirement
security to more than 6,000 of the company's retirees and
beneficiaries," said William Wheeler, president of Athene Holding. "As a
disciplined financial institution with expertise in retirement savings,
Athene has established itself as a trusted pension buyout counterparty.
This transaction enables MillerCoors to reduce the size and cost of its
plan, while maintaining excellent benefit security for its retirees and

Under the agreement, AAIA will issue a group annuity contract to
MillerCoors and individual annuity certificates to applicable retirees
and beneficiaries. AAIA will have direct payment responsibility for all
the liabilities covered in this transaction.

This is Athene's fourth pension risk transfer deal in 2017. Athene now
has written over $2.25 billion of business in this channel serving over
46,000 retirees and beneficiaries.

About Athene Holding Ltd.
Athene, through its subsidiaries,
is a leading retirement services company that issues, reinsures and
acquires retirement savings products designed for the increasing number
of individuals and institutions seeking to fund retirement needs. The
products offered by Athene include:

• Retail fixed and fixed indexed annuity products;

• Reinsurance arrangements with third-party annuity providers; and

• Institutional products, such as funding agreements and group annuity
contracts related to pension risk transfers.

Athene Holding Ltd. is a New York Stock Exchange listed company (NYSE: ATH). Athene's principal subsidiaries include Athene Annuity & Life
Assurance Company, a Delaware-domiciled insurance company, Athene
Annuity and Life Company, an Iowa-domiciled insurance company, Athene
Annuity & Life Assurance Company of New York, a New York-domiciled
insurance company, Athene Life Re Ltd., a Bermuda-domiciled reinsurer
and Athene Lebensversicherung AG, a German-based life insurance company.

Forward-Looking Statements
This press release contains
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Such statements are subject to risks and
uncertainties that could cause actual results, events and developments
to differ materially from those set forth in, or implied by, such
statements. These statements are based on the beliefs and assumptions of
Athene's management and the management of Athene's subsidiaries.
Generally, forward-looking statements include actions, events, results,
strategies and expectations and are often identifiable by use of the
words "believes," "expects," "intends," "anticipates," "plans," "seeks,"
"estimates," "projects," "may," "will," "could," "might," or "continues"
or similar expressions. Factors that could cause actual results, events
and developments to differ from those set forth in, or implied by, the
statements set forth herein are discussed from time to time in Athene's
filings with the SEC, including Athene's annual report on Form 10-K for
the year ended December 31, 2016, as supplemented and amended by
Athene's quarterly report on Form 10-Q for the three months ended
September 30, 2017, all of which can be found at the SEC's website

All forward-looking statements described herein are qualified by these
cautionary statements and there can be no assurance that the actual
results, events or developments referenced herein will occur or be
realized. Athene does not undertake any obligation to update or revise
forward-looking statements to reflect changed assumptions, the
occurrence of unanticipated events or changes to future operating

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