LETTER FROM THE PRESIDENT & CEO

We are nearing the end of what has been a transformative year for OMERS and I am incredibly inspired by how we have navigated these challenging times together in 2021. I am also filled with gratitude to you, our members, for your contribution to our society on the front lines, and continued confidence in and support of the entire OMERS team to continue to be effective stewards of your pension plan. /sites/omers-newsletter/static/images/sites/omers-newsletter/static/images/sites/omers-newsletter/static/images/sites/omers-newsletter/static/images

In August, we were pleased to share with you, for the first time, a mid-year update on our investment portfolio performance. In the first six months of 2021, our portfolio performed well, executing against our stated strategy, and earned an investment return of 8.8%, net of expenses. We have made remarkable progress this year in areas that matter to us, and to you, including: strong results, leadership in sustainability and global expansion.

On the results front, in addition to our six-month update, our portfolio has continued to do well. We will soon tabulate our year-end results, but I am confident you will be pleased, recognizing of course that we are long-term investors and one good year, or difficult year, does not make our Plan.

On the sustainability front, I am delighted to share that OMERS recently announced our commitment to a Net Zero 2050 emissions goal, building on our Sustainable Investing program and following the initial goal to reduce the carbon intensity of our portfolio by 20% by 2025.

We believe that we are charting the right course for our future, positioning our investment portfolio for the energy transition and looking for opportunities across all asset classes. Below are three examples of such commitments:

• Green-certified buildings, like The Stack, an Oxford Properties office tower in development in Vancouver that will be one of two towers in Canada to be part of the Net Zero Carbon pilot;

• Renewables, like Azure Power, providing low-cost and reliable renewable power solutions to customers; and

• Energy efficiency, like Northvolt, a Sweden-based, European supplier of sustainable, high-quality battery cells and systems, that we covered in our last newsletter.

In this issue, we feature an innovative OMERS Ventures portfolio company and community-powered brand that inspires and supports decorators in transforming their spaces while making substantial commitments to environmental sustainability.

Setting our Net Zero 2050 goal is a major step for us. And we believe it is the right thing to do. I am proud, and I hope you are, that we have set this climate science-aligned target as we continue to deliver sustainable, affordable and meaningful pensions to all of you, our more than 525,000 members.

And on the global growth front, I am pleased to share that we now have seven primary investment headquarters around the world, in Toronto, New York, London, Luxembourg, Amsterdam, Singapore and Sydney. In addition, our property company, Oxford Properties Group, has dozens of other offices in major cities in which we invest, including across Canada and the U.S., and various pockets of Europe, such as Paris and Berlin. We now operate across numerous time zones and we are diversifying our portfolio to strengthen its resilience and to access opportunities in high-growth regions in service of you.

We have so much to look forward to, including sharing our full-year 2021 results with you early next year.