On April 14, 2023, Voya Financial, Inc. delivered to the holders of its 5.650% Fixed-to-Floating Rate Junior Subordinated Notes due 2053 (the “2053 Notes”) a notice of redemption, notifying those noteholders that, pursuant to Section 3.04 of the base indenture (the “Base Indenture”), dated as of May 16, 2013, among ING U.S., Inc. (subsequently renamed Voya Financial, Inc.), Lion Connecticut Holdings Inc. (subsequently renamed Voya Holdings Inc.) (the “Guarantor”) and U.S. Bank National Association, as trustee (the “Trustee”) and Section 4.01 of the first supplemental indenture to the Base Indenture, dated as of May 16, 2013, among the Company, the Guarantor and the Trustee, the Company has elected to redeem all of the outstanding $393,102,000 aggregate principal amount of 2053 Notes, in accordance with the terms of the Indenture and the 2053 Notes (the “Redemption”). Pursuant to the Notice, the 2053 Notes are called for redemption on May 15, 2023 (the “Redemption Date”). The redemption price for the 2053 Notes is equal to 100% of the principal amount of the 2053 Notes to be redeemed plus accrued and unpaid interest to, but excluding, the Redemption Date (the “Redemption Amount”).

On the Redemption Date, the Redemption Amount will become due and payable on the 2053 Notes called for redemption and, unless the Company defaults in making payment of the Redemption Amount, interest on the 2053 Notes called for redemption shall cease to accrue on and after the Redemption Date.