Prudential plc — Director's Dealing 2023

Mar 22, 2023

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 with limited liability under the number 01397169)

(Stock Code: 2378)

OVERSEAS REGULATORY ANNOUNCEMENT

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

	OVERSEAS REGULATORY ANNOUNCEMENTNOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BYPERSONS DISCHARGING MANAGERIAL RESPONSIBILITIESAND PERSONS CLOSELY ASSOCIATED WITH THEM	OVERSEAS REGULATORY ANNOUNCEMENTNOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BYPERSONS DISCHARGING MANAGERIAL RESPONSIBILITIESAND PERSONS CLOSELY ASSOCIATED WITH THEM
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Anil Wadhwani
2	Reason for the notification
a)	Position/status	Chief Executive Officer (PDMR)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform or auctioneer
a)	Name	Prudential plc
b)	LEI	5493001Z3ZE83NGK8Y12
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each
	type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial	Ordinary shares of 5 pence each
	instrument, type of instrument
	Identification code	GB0007099541
b)	Nature of the transaction	Grant of share-based, cash-settled option
		In line with the announcement made on 25 May 2022 Prudential
		plc entered into an agreement on 8 March 2023 with Mr Wadhwani
		to replace unvested awards forfeited as a consequence of joining
		Prudential plc on 25 February 2023.
		Under the agreement Mr Wadhwani has been granted an option
		entitling him to receive a cash amount equal to the market value of
		a specified number of Prudential plc ordinary shares on the date of
		exercise, less an option price of HKD 0.48 (being the HKD
		equivalent of 5 pence per share, using a 20-day average FX rate up
		to the date Mr Wadhwani joined Prudential plc).
		The option will vest on the dates detailed below:

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			Exercise Period		Number of notionalPrudential plc shares
			30 days commencing on the date theRemuneration Committee approvesthe proportion of award to vest, whichwill be after the Manulife 2023Circular is published (expected March2024)		168,284
			30 days commencing on the date theRemuneration Committee approvesthe proportion of award to vest, whichwill be after the Manulife 2024Circular is published (expected March2025)		163,004
			2 March 2024 to 31 March 2024		62,706
			1 March 2025 to 30 March 2025		60,738
			5 March 2024 to 3 April 2024		7,820
			5 March 2025 to 3 April 2025		11,552
c)	Price(s) and volume(s)			Volume(s)474,104
			Price(s)	Volume(s)
			Nil	474,104
d)	Aggregated information- Aggregated volume- Price		474,104Nil
e)	Date of the transaction		2023-03-21
f)	Place of the transaction		London Stock Exchange

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Additional information

About Prudential plc

Prudential plc provides life and health insurance and asset management in 24 markets across Asia and Africa. The business helps people get the most out of life, by making healthcare affordable and accessible and by promoting financial inclusion. Prudential protects people’s wealth, helps them grow their assets, and empowers them to save for their goals. The business has dual primary listings on the Stock Exchange of Hong Kong (2378) and the London Stock Exchange (PRU). It also has a secondary listing on the Singapore Stock Exchange (K6S) and a listing on the New York Stock Exchange (PUK) in the form of American Depositary Receipts. It is a constituent of the Hang Seng Composite Index and is also included for trading in the Shenzhen-Hong Kong Stock Connect programme and Shanghai-Hong Kong Stock Connect programme.

Prudential is not affiliated in any manner with Prudential Financial, Inc. a company whose 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. https://www.prudentialplc.com/

Contact

Hannah Perera, Director, Group Reward and Employee Relations and CHRO UK Group HR, +44 (0)20 3977 9529

Sylvia Edwards, Deputy Group Secretary, +44 (0)20 3977 9214

22 March 2023, London

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

Chair

Shriti Vinodkant Vadera

Executive Director Anil Wadhwani (Chief Executive Officer)

Independent Non-executive Directors

Jeremy David Bruce Anderson CBE, Arijit Basu, Chua Sock Koong, David John Alexander Law ACA, Ming Lu, Philip John Remnant CBE FCA, George David Sartorel, Claudia Ricarda Rita Suessmuth Dyckerhoff, Thomas Ros Watjen, Jeanette Kai Yuan Wong and Yok Tak Amy Yip

* For identification purposes

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