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Brighthouse Financial, Inc. Announces Closing of Secondary Offering of Common Stock

Brighthouse Financial, Inc. (Nasdaq: BHF) announced today the closing of
its previously announced secondary public offering of 23,155,117 shares
of its common stock (the “Common Stock”) at a price to the public of
$44.50 per share. MetLife, Inc., Brighthouse Financial’s former parent
company (“MetLife”), had previously exchanged the Common Stock sold in
the offering for indebtedness of MetLife then owned by Goldman Sachs &
Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Wells
Fargo Securities, LLC (collectively, the “Selling Stockholders”).
Brighthouse Financial did not receive any of the proceeds from the sale
by the Selling Stockholders.

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley &
Co. LLC and Wells Fargo Securities, LLC acted as the underwriters for
the offering.

The offering of the Common Stock was registered pursuant to Brighthouse
Financial’s registration statement on Form S-1 (File No. 333-225573),
which the U.S. Securities and Exchange Commission declared effective on
June 14, 2018. This press release shall not constitute an offer to sell
or the solicitation of an offer to buy, nor shall there by any sale of
the Common Stock in any jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification under
the securities laws of any such jurisdiction.

About Brighthouse Financial, Inc.

Brighthouse Financial, Inc. (Nasdaq: BHF) is a major provider of
annuities and life insurance in the U.S. Established by MetLife, we are
on a mission to help people achieve financial security. We specialize in
products that play an essential role in helping people protect what
they’ve earned and ensure it lasts.

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