M&G : Changes to the M&G plc Board

19 June 2020

CHANGES TO THE M&G PLC BOARD

Robin Lawther is to step down as a Non-Executive Director of M&G plc, the international savings and investments business.

This reflects the significantly increased demands on Ms Lawther's time from her other professional commitments in the current environment.

Mike Evans, Chairman of M&G plc says "Robin has made a terrific contribution to M&G, for which I and the rest of the Board are grateful. We all wish her the very best for the future."

Having helped to steer M&G through its listing on the LSE last year and achieve approval for its new remuneration policy, Ms Lawther adds; "It's been an exciting time to be at M&G and I particularly

appreciated working with Mike Evans as Chair. I am committed to continue to help M&G during the transition."

The search for a successor will start immediately. Ms Lawther will officially step down as M&G plc Non-Executive Director and as Chair of the Remuneration Committee no later than 31 March 2021, ensuring sufficient time for a successor to be appointed.

-Ends-

Enquiries:

Media Richard Miles Jonathan Miller

[phone] [phone]

Investors/Analysts Spencer Horgan

[phone]

Notes to Editors:

About M&G plc

M&G plc is a leading savings and investments business which was formed in 2017 through the merger of Prudential plc's UK and Europe savings and insurance operation and M&G, its wholly - owned international investment manager. The Company completed its demerger from Prudential

plc on 21 October 2019, when M&G's shares were admitted to trading on the London Stock

Exchange. As an independent company, M&G plc has a single corporate identity and continues with two customer-facing brands; Prudential for savings and insurance customers in the UK and Europe and for asset management in South Africa and M&G Investments for asset management clients globally.

Listing Rule Notes:

No information is required to be disclosed pursuant to Listing Rule 9.6.13 R in relation to M s

Lawther's resignation.