CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in this Registration Statement on Form N-1A of Putnam Variable Trust of our reports, dated and listed below, relating to the financial statements and financial highlights, which appear in each of the funds’ Annual Reports on Form N-CSR for the year ended December 31, 2025. We also consent to the references to us under the headings “Financial highlights”, “FINANCIAL STATEMENTS” and “Auditor” in such Registration Statement.

 

   
Fund Name   Report Date
   
Putnam VT Core Equity Fund   February 19, 2026
   
Putnam VT Diversified Income Fund   February 19, 2026
   
Putnam VT Emerging Markets Equity Fund   February 19, 2026
   
Putnam VT Focused International Equity Fund   February 19, 2026
   
Putnam VT George Putnam Balanced Fund   February 19, 2026
   
Putnam VT Global Asset Allocation Fund   February 19, 2026
   
Putnam VT Global Health Care Fund   February 19, 2026
   
Putnam VT Government Money Market Fund   February 19, 2026
   
Putnam VT High Yield Fund   February 19, 2026
   
Putnam VT Income Fund   February 19, 2026
   
Putnam VT International Equity Fund   February 19, 2026
   
Putnam VT International Value Fund   February 19, 2026
   
Putnam VT Large Cap Growth Fund   February 19, 2026
   
Putnam VT Large Cap Value Fund   February 19, 2026
   
Putnam VT Mortgage Securities Fund   February 19, 2026
   
Putnam VT Research Fund   February 19, 2026
   
Putnam VT Small Cap Growth Fund   February 19, 2026
   
Putnam VT Small Cap Value Fund   February 19, 2026
   
Putnam VT Sustainable Future Fund   February 19, 2026
   
Putnam VT Sustainable Leaders Fund   February 19, 2026

 

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PricewaterhouseCoopers LLP

Boston, Massachusetts

April 15, 2026