26 Jan 2004

Prudential plc’s 79 per cent shareholding in Egg

On 14 January 2004, Prudential plc (“Prudential”) announced that it was in preliminary discussions regarding a possible transaction with respect to its approximately 79 per cent shareholding in Egg.

While these discussions have been continuing Prudential has received unsolicited indications of interest from a number of other parties and, with a view to delivering value for its shareholders, Prudential has now begun a process that will give a number of potential purchasers an opportunity to make a proposal. This may or may not lead to a transaction.

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Enquiries to:

Media
Geraldine Davies +44 20 7548 3911
Steve Colton +44 20 7548 3721
Analysts and Investors
Rebecca Burrows +44 20 7548 3537
Marina Lee-Steere +44 20 7548 3511
Morgan Stanley +44 20 7425 5000
Simon Ellis
Clifford Abrahams

Morgan Stanley is acting for the Prudential Group and for no one else in connection with the potential transaction and will not be responsible to anyone other than the Prudential Group for providing the protections afforded to clients of Morgan Stanley nor for providing advice in relation to the potential transaction.

Jackson National Life Insurance Company

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Prudential plc is an international company incorporated in the United Kingdom, and its affiliated companies constitute one of the world’s leading financial services groups. It provides insurance and financial services directly and through its subsidiaries and affiliates throughout the world, and it has been in existence for over 170 years. Prudential plc is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America, or the Prudential Assurance Company, a subsidiary of M&G plc (a company incorporated in the United Kingdom).

PPM America

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Prudential

If you are looking for an affiliate of Prudential Financial, Inc, whose principal place of business is in the United States of America.

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Prudential plc is an international company incorporated in the United Kingdom, and its affiliated companies constitute one of the world’s leading financial services groups. It provides insurance and financial services directly and through its subsidiaries and affiliates throughout the world, and it has been in existence for over 170 years. Prudential plc is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America, or the Prudential Assurance Company, a subsidiary of M&G plc (a company incorporated in the United Kingdom).