Prudential plc — Capital/Financing Update 2020

Sep 23, 2020

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and the Singapore Exchange Securities Trading Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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(Incorporated and registered in England and Wales under the number 01397169) (Stock code: 2378)

GRANT OF SHARE OPTIONS

This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”).

The Company announces that on 22 September 2020, options were granted over a total of 441,492 shares (the “ Options ”) to certain eligible employees and agents of the Company, under the Prudential 2013 SavingsRelated Share Option Scheme and the Prudential International Savings-Related Share Option Scheme for NonEmployees. A summary is set out below:

Date of grant : 22 September 2020 Exercise price of Options granted : GBP 9.64 per share Closing price of a Prudential GBP : GBP 10.74 0.05 Ordinary Share on the date of grant

Validity periods of the Options : Three (3) years, exercisable from 1 December 2023 to 31 May 2024 Five (5) years, exercisable from 1 December 2025 to 31 May 2026

The Options include the following grant to the executive director:

Name of Grantee Number of shares under option Michael Andrew Wells (Group Chief Executive) 1,867

The grant of options to the executive director of the Company has been approved by the independent nonexecutive directors of the Company in accordance with the Listing Rules. Save as disclosed in this announcement, none of the Grantees of the Options is a director, chief executive or substantial shareholder of the Company, nor an associate (as defined in the Listing Rules) of any of them.

Name of contact and telephone number for enquiries:

Group Secretariat Jennie Webb +44 (0)20 3977 9750 Chris Smith +44 (0)20 3977 9639

Note:

Prudential plc is an Asia-led portfolio of businesses focused on structural growth markets. The business helps people get the most out of life through life and health insurance, and retirement and asset management solutions. Prudential plc has 20 million customers and is listed on stock exchanges in London, Hong Kong, Singapore and New York. Prudential plc is not affiliated in any manner with Prudential Financial, Inc. a company whose

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principal place of business is in the United States of America, nor with The Prudential Assurance Company Limited, a subsidiary of M&G plc, a company incorporated in the United Kingdom.

By order of the Board Prudential plc Tom Clarkson Company Secretary

23 September 2020, London

As at the date of this announcement, the Board of Directors of Prudential plc comprises:

Chairman

Paul Victor Falzon Sant Manduca

Executive Directors

Michael Andrew Wells (Group Chief Executive) , Mark Thomas FitzPatrick CA and Stuart James Turner FCA FCSI FRM

Independent Non-executive Directors

Jeremy David Bruce Anderson CBE, David John Alexander Law ACA, Kaikhushru Shiavax Nargolwala FCA, Anthony John Liddell Nightingale CMG SBS JP, The Hon. Philip John Remnant CBE FCA, Alice Davey Schroeder, Shriti Vinodkant Vadera, Thomas Ros Watjen, Jane Fields Wicker-Miurin OBE and Yok Tak Amy Yip

• For identification purposes

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