AP Alternative Assets, L.P. Updates Investors Regarding Athene’s Pending Acquisition of Aviva USA

  AP Alternative Assets, L.P. Updates Investors Regarding Athene’s Pending
  Acquisition of Aviva USA

Business Wire

GUERNSEY, Channel Islands -- August 15, 2013

Regulatory News:

In connection with AP Alternative Assets, L.P.’s (“AAA”; Euronext Amsterdam:
AAA) holding in a majority of the equity of Athene Holding Ltd. (“Athene”),
AAA informs investors that today Athene announced it has received approval
from the Iowa Insurance Division of its acquisition of Aviva USA Corporation
and subsidiaries, including Iowa-domiciled Aviva Life and Annuity Company.
Below is the full text of Athene’s press release, and for additional
information regarding Athene, please visit www.athene.com.

                            ______________________

ATHENE HOLDING LTD. ANNOUNCES IOWA INSURANCE DIVISION APPROVAL OF ACQUISITION
                                 OF AVIVA USA

PEMBROKE, BERMUDA, August 15, 2013 –Athene Holding Ltd. (“Athene Holding,” and
together with its subsidiaries, “Athene”) today announced it has received
approval from the Iowa Insurance Division (“IID”) of its acquisition of Aviva
USA Corporation and subsidiaries, including Iowa-domiciled Aviva Life and
Annuity Company. Athene Holding’s acquisition of Aviva USA is expected to
close in the early fourth quarter of 2013.

Athene Chief Executive Officer, Jim Belardi, said: “Athene is pleased that the
Iowa Insurance Division has granted approval of our acquisition of Aviva USA.
This is a transformative event for Athene, and we intend to continue our close
working relationship with the IID as we complete this acquisition and
integrate the two companies.”

Athene Holding is owned by several large institutional investors, with its
largest shareholder being AP Alternative Assets, L.P., (Euronext: AAA) a
closed-end, publicly traded permanent capital vehicle established by Apollo
Global Management, LLC, a leading alternative investment manager.

About Athene Holding Ltd.

Athene Holding, through its subsidiaries, is a leading provider of products in
the retirement savings market. Athene’s principal subsidiaries include Athene
Annuity & Life Assurance Company, a Delaware-domiciled insurance company,
Athene Life Insurance Company, a Delaware-domiciled insurance company,
Presidential Life Insurance Company, a New York-domiciled insurance company,
and Athene Life Re Ltd., a Bermuda-based reinsurer.

Athene Holding was formed to provide solutions to the growing need for tax
efficient savings vehicles to support retiring baby boomers. The products
offered by Athene include:

• Retail fixed and equity indexed annuity products

• Institutional products, such as funding agreements

• Co-insurance and reinsurance arrangements with third party life insurance
and annuity providers

Athene had $14.8 billion of assets and $1.9 billion of shareholder's equity
(ex-AOCI) as of June 30, 2013 on a GAAP management view basis. For more
information on Athene’s financial statements, please see
http://athene.com/wp-content/uploads/2013/08/Athene-Financial-Information-August-2013.pdf

Further information about our companies can be found at www.athene.com.

                            ______________________

This announcement does not constitute or form part of an offer to sell or
solicitation of an offer to purchase or subscribe for securities in the United
States or in any other jurisdiction.

This press release contains forward-looking statements. Forward-looking
statements involve risks and uncertainties because they relate to future
events and circumstances. Such statements are based on currently available
operating, financial and competitive information and are subject to various
risks and uncertainties that could cause actual results and developments to
differ materially from the historical experience and expressed or implied
expectations of AAA. Undue reliance should not be placed on such
forward-looking statements. Forward-looking statements speak only as of the
date on which they are made and AAA does not undertake to update its
forward-looking statements unless required by law.

About AP Alternative Assets

AAA was established by Apollo Global Management, LLC (“Apollo”) and is a
closed-end limited partnership established under the laws of Guernsey. Apollo
is a leading global alternative investment manager with 23 years of experience
investing across the capital structure of leveraged companies. AAA is managed
by Apollo Alternative Assets, L.P., a subsidiary of Apollo. For more
information about AP Alternative Assets, please visit
www.apolloalternativeassets.com.

Contact:

AP Alternative Assets
Barry Giarraputo (New York), +1 (212) 515 3478
or
Press:
Gary Stein (New York), +1 (212) 822 0467
 
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