11 Nov 2004

REG-Prudential plc result of equity issue. 11 November 2004

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, FRANCE, CANADA, SPAIN, JAPAN, SWITZERLAND, NEW ZEALAND OR SOUTH AFRICA.

92% take up of Prudential plc Rights Issue

Prudential plc ("Prudential") today announces that it has received valid acceptances in respect of 310,221,770 new Prudential shares, representing approximately 92.00% of the total number of new Prudential shares offered to shareholders pursuant to the 1 for 6 rights issue announced by Prudential on 19 October 2004 (the "Rights Issue"). A total of 337,215,697 new Prudential shares were offered to shareholders in the Rights Issue, which closed at 11:00am yesterday.

In accordance with the arrangements set out in Part III of the Rights Issue prospectus dated 19 October 2004, the Underwriters will be seeking subscribers for the remaining 26,993,927 new Prudential shares, for which valid acceptances were not received.

The Rights Issue is underwritten by UBS Investment Bank, Cazenove & Co. Ltd and Goldman Sachs International.

Enquiries:

Each of UBS Limited, Cazenove & Co. Ltd and Goldman Sachs International is acting for Prudential plc and no-one else in connection with the Rights Issue and will not be responsible to anyone other than Prudential plc for providing the protections afforded to each of their respective clients or for providing advice in relation to the Rights Issue or any other matters referred to in this announcement.

Definitions used in the prospectus dated 19 October 2004 issued by Prudential plc shall have the same meanings when used in this announcement unless the context otherwise requires.

This announcement is not for release, publication or distribution, directly or indirectly, in whole or in part, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia). This announcement is not an offer of securities for sale into the United States or in any jurisdiction in which such an offer or solicitation is unlawful. The securities referred to in this announcement have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States, absent registration or an applicable exemption from registration. No public offering of the securities will be made in the United States.

This announcement does not constitute or form any part of, and should not be construed as, an offer to sell, or the solicitation of an offer to subscribe for, underwrite or acquire the New Shares being issued in connection with the Rights Issue. The New Shares have not been, and will not be, registered under the applicable securities laws of France, Canada, New Zealand, Switzerland, Spain, Japan or South Africa. Accordingly, unless an exemption under any applicable laws is available, the New Shares may not be offered, sold, transferred, taken up or delivered, directly or indirectly, in France, Canada, New Zealand, Switzerland, Spain, Japan or South Africa or any other country outside the United Kingdom where such distribution may otherwise lead to a breach of any law or regulatory requirement.

This announcement and the information contained herein is not for release, publication or distribution in or into the United States, France, Canada, Spain, Japan, Switzerland, New Zealand or South Africa.

This information is provided by RNS. The company news service from the London Stock Exchange.