Prudential : appoints new Non-Executive Director

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.

(Incorporated and registered in England and Wales under the number 01397169)

(Stock code: 2378)

PRUDENTIAL APPOINTS NEW NON-EXECUTIVE DIRECTOR

Prudential plc ("Prudential") announces the appointment of Jeremy Anderson as a Non-Executive Director and a member of its Risk and Audit committees. He will join the Board on 1 January 2020.

Mr Anderson has substantial leadership experience in financial services in the UK, Asia and the US, and has advised international companies on audit and risk management for more than 30 years. He is currently a Non- Executive Director of UBS Group AG and Chairman of its Audit Committee.

Paul Manduca, Chairman of Prudential, said: "Jeremy Anderson's distinguished career has given him considerable expertise in international financial services, particularly in audit and risk management. I am delighted that he is joining the Board."

Enquiries:
Media		Investors/Analysts
Jonathan Oliver	[phone]	Patrick Bowes	[phone]
Tom Willetts	[phone]	William Elderkin	[phone]

Notes to Editors:

About Jeremy David Bruce Anderson CBE

Jeremy Anderson started his career as a software developer at Triad Computing Systems in 1980 before joining KPMG Consulting UK in 1985. He became Chief Executive Officer in 2001 and was appointed Head of UK Operations at Atos Origin and a member of the Management Board of Atos Origin SA in 2002. Mr Anderson became Head of Financial Services at KPMG UK in 2004, KPMG's Head of Financial Services, Europe in 2006 and Head of Clients & Markets in 2008. He served as KPMG's Chairman of Global Financial Services between 2010 and 2017. He was a Non-Executive Director of the UK Commission for Employment and Skills between 2008 and 2016 and was appointed as a Non-Executive Director and Chairman of the Audit Committee of UBS Group AG in 2018. Mr Anderson is a member of the Advisory Board of the Productivity Leadership Group and Chairman of the Council of Oak Hill College. He holds a degree in economics from University College London and was appointed a CBE for services to industry in 2005. Age 61.

Shareholding

Mr Anderson holds no interest in any shares of Prudential plc.

Length of service

Non-Executive Directors are usually appointed for an initial three-year term. They are typically expected to serve for two three-year terms, although the Board may invite them to serve for an additional period.

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Remuneration

Non-Executive Directors are not eligible to participate in annual bonus plans, long-term incentive plans or pension arrangements. Their fees are determined by the Board and reflect their individual responsibilities, including committee membership as appropriate.

Mr Anderson's annual fee at appointment will consist of a basic fee of £99,000 and additional fees of £30,000 for membership of each of the Risk and Audit committees.

Regulatory disclosures

Mr Anderson is considered to be independent for the purposes of the UK Corporate Governance Code and under the Hong Kong Listing Rules.

Mr Anderson will also join the Board of Prudential Corporation Asia Limited, a wholly-owned subsidiary of Prudential, on 1 January 2020.

Save as disclosed above, there is no further information required to be disclosed pursuant to Listing Rule 9.6.13

1. - (6) of the Listing Rules of the Financial Conduct Authority and Rule 13.51(2) of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited.

About Prudential plc

Prudential plc is an Asia-led portfolio of businesses focused on structural growth markets. The business helps individuals to de-risk their lives and deal with their biggest financial concerns through life and health insurance, and retirement and asset management solutions. Prudential plc has 20 million customers and is listed on stock exchanges in London, Hong Kong, Singapore and New York. 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, nor with the Prudential Assurance Company, a subsidiary of M&G plc, a company incorporated in the United Kingdom.

By order of the Board

Prudential plc

Thomas S. Clarkson

Company Secretary

10 December 2019, London

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

Chairman

Paul Victor Falzon Sant Manduca

Executive Directors

Michael Andrew Wells (Group Chief Executive), Mark Thomas FitzPatrick CA and Stuart James Turner FCA FCSI FRM

Independent Non-executive Directors

Sir Howard John Davies, David John Alexander Law ACA, Kaikhushru Shiavax Nargolwala FCA,

Anthony John Liddell Nightingale CMG SBS JP, The Hon. Philip John Remnant CBE FCA, Alice Davey Schroeder, Thomas Ros Watjen, Jane Fields Wicker-MiurinOBE and Yok Tak Amy Yip

* For identification purposes

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