On March 29, 2021, Margaret M. McCarthy, a member of the Board of Directors of Brighthouse Financial, Inc. informed the Board that she will not stand for reelection to the Board at the Company’s 2021 annual meeting of stockholders (the “2021 Annual Meeting”), which the Company intends to hold on June 10, 2021. Ms. McCarthy’s decision not to stand for reelection is not due to any disagreement with the Company. Ms. McCarthy will continue to serve as a director until the expiration of her current term at the 2021 Annual Meeting.