Prudential plc — Capital/Financing Update 2021

Sep 13, 2021

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)

PROPOSED ADJUSTMENTS TO EXERCISE PRICE AND NUMBER OF SHARE OPTIONS

Reference is made to the announcements of Prudential plc ( “Prudential ”) dated 6 August 2021, 27 August 2021 and earlier today respectively, the circular of the Company dated 6 August 2021 (the “ Circular ”) and the supplement to the Circular dated 11 August 2021 in respect of demerger of Jackson Financial Inc. from Prudential (the “ Demerger ”). The Demerger was completed earlier today (on 13 September 2021). The Company announces that as a result of the completion of the Demerger, adjustments will be made to the exercise price and number of shares to be issued pursuant to the outstanding share options under the Prudential International Savings-Related Share Option Scheme for Non-Employees, which was adopted by the Company at the Annual General Meeting held on 17 May 2012 (“ ISSOSNE ”).

An announcement containing further details of the adjustments to the outstanding share options under the ISSOSNE and the effective date of such adjustments will be made in due course.

Name of contact and telephone number for enquiries:

Media Investors/Analysts Addy Frederick +44 (0)20 3977 9399 Patrick Bowes +44 (0)20 3977 9702 Ping Ping Tan +65 9654 8954 William Elderkin +44 (0)20 3977 9215

Note:

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.

Disclaimer:

This announcement does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in any jurisdiction nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, any contract therefor.

By order of the Board Prudential plc Tom Clarkson Company Secretary

13 September 2021, Hong Kong

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

Chair

Baroness Shriti Vinodkant Vadera

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, Chua Sock Koong, David John Alexander Law ACA, Ming Lu, Anthony John Liddell Nightingale CMG SBS JP, The Hon. Philip John Remnant CBE FCA, Alice Davey Schroeder, Thomas Ros Watjen, Jane Fields Wicker-Miurin OBE, Jeanette Kai Yuan Wong and Yok Tak Amy Yip

• For identification purposes

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