MetLife Finances Four Properties in Ireland for Kennedy Wilson

MetLife, Inc. (NYSE:MET) announced today that it has loaned a total of 131 million euros ($146 million) to the global real estate investment and services company Kennedy Wilson to finance four properties in Ireland. The loans, through MetLife Real Estate Investors, are the first commercial mortgage loans for the company in Ireland.

The loans include both five-year floating and 10-year fixed rate structures. The properties include three Class A residential multi-family properties and a multi-tenant office property, all located in the Dublin area. The Alliance, Sandford Lodge and Clancy Quay properties provide 751 high-end residential units in popular Dublin neighbourhoods.

“We are very pleased to be able to enter a new market with a strong, experienced international player like Kennedy Wilson,” said Paul Wilson, managing director and head of MetLife Real Estate Investors’ office in London. “These loans are the first for us in Ireland and we look forward to growing our portfolio in that market.”

Real estate investments, including commercial mortgage loans, are an important part of MetLife’s asset-liability matching program. These long-term investments are designed to provide a good match for the long-term liabilities the company writes.

In 2014, MetLife Real Estate Investors originated more than $2.1 billion in commercial mortgage loans in the United Kingdom. MetLife has an established commercial mortgage portfolio of approximately $3.5 billion (2.25 billion pound sterling) in the United Kingdom and Ireland.

Globally in 2014, MetLife originated approximately $12.1 billion in commercial mortgage loans in 2014, a five percent increase over the $11.5 billion originated in the previous year.

Kennedy Wilson is a global real estate investment and services company headquartered in Beverly Hills, Calif.

About MetLife

MetLife, Inc. (NYSE:MET), through its subsidiaries and affiliates (“MetLife”), is one of the largest life insurance companies in the world. Founded in 1868, MetLife is a global provider of life insurance, annuities, employee benefits and asset management. Serving approximately 100 million customers, MetLife has operations in nearly 50 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.

This press release may contain or incorporate by reference information that includes or is based upon forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give expectations or forecasts of future events. These statements can be identified by the fact that they do not relate strictly to historical or current facts. They use words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe” and other words and terms of similar meaning, or are tied to future periods, in connection with a discussion of future operating or financial performance. In particular, these include statements relating to future actions, prospective services or products, future performance or results of current and anticipated services or products, sales efforts, expenses, the outcome of contingencies such as legal proceedings, trends in operations and financial results.

Any or all forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. Many such factors will be important in determining the actual future results of MetLife, Inc., its subsidiaries and affiliates. These statements are based on current expectations and the current economic environment. They involve a number of risks and uncertainties that are difficult to predict. These statements are not guarantees of future performance. Actual results could differ materially from those expressed or implied in the forward-looking statements. Risks, uncertainties, and other factors that might cause such differences include the risks, uncertainties and other factors identified in MetLife, Inc.’s most recent Annual Report on Form 10-K (the “Annual Report”) filed with the U.S. Securities and Exchange Commission (the “SEC”) and Quarterly Reports on Form 10-Q filed by MetLife, Inc. with the SEC after the date of the Annual Report under the captions “Note Regarding Forward-Looking Statements” and “Risk Factors” and other filings MetLife, Inc. makes with the SEC. MetLife, Inc. does not undertake any obligation to publicly correct or update any forward-looking statement if we later become aware that such statement is not likely to be achieved. Please consult any further disclosures MetLife, Inc. makes on related subjects in reports to the SEC.