Appointment

Prudential PLC
9 November 2001


09 November 2001


    PRUDENTIAL ANNOUNCES NEW CHIEF EXECUTIVE OFFICER FOR ITS US OPERATIONS

Prudential plc ('Prudential') announced today the appointment of Clark Manning
as President and Chief Executive Officer of Jackson National Life ('Jackson')
and Chief Executive Officer of Prudential Portfolio Managers America ('PPMA')
with immediate effect. Mr Manning will also join the Prudential board with
effect from 2 January 2002.

Mr Manning has been Acting Chief Executive Officer of both Jackson and PPMA
since 30 June 2001. This followed the resignation of Bob Saltzman (previously
President and Chief Executive Officer of Jackson and Chief Executive Officer
of PPMA) who relinquished day to day responsibility for the business from 30
June.

Jonathan Bloomer commented: 'Clark is the ideal person for this key role and I
am delighted that he will be leading our business in the United States as well
as joining the Group's board. He brings a wealth of experience to the position
and has played a significant role in the development of Jackson since he
joined the Group in 1995. Through JNL and PPMA, Prudential already has an
outstanding business in the US, and I know that Clark and his team are focused
on driving these operations forward.'

Clark Manning added: 'Jackson is one of the most efficient life insurance
companies in the US, with high quality operations and leading positions in a
number of product areas. I am excited by the challenge ahead and confident
that the business is very well positioned for sustained growth in the future.'

                                    -ENDS-


Enquiries to:

Media

Geraldine Davies     020 7548 3911

Steve Colton          020 7548 3721

Investors/Analysts

Rebecca Burrows     020 7548 3537


Notes to Editors:


 1. Clark Manning, who is 43, joined JNL in 1995. Prior to assuming his current
    role, he had been Chief Operating Officer (since 1998), Senior Vice
    President and Chief Actuary for JNL, and was responsible for the Company's
    actuarial, financial, customer service, legal, information technology,
    corporate development, human resources and retail banking activities.

    He was previously Senior Vice President and Chief Actuary for SunAmerica,
    Inc, and prior to that, he was a Consulting Actuary in the Chicago office
    of Milliman & Robertson, Inc. Mr Manning is a Fellow of the Society of
    Actuaries and a Member of the American Academy of Actuaries. He has an MBA
    from the University of Texas at Austin. His undergraduate degree is a BBA
    in Actuarial Science, also from the University of Texas at Austin.

 2. JNL, which was acquired by Prudential in 1986, is a leading provider of
    long-term savings and retirement products to retail and institutional
    customers throughout the United States. It is headquartered in Lansing,
    Michigan, employs around 2,400 people and is one of the top 20 life
    insurance company in the US in terms of total assets.

    JNL offers a range of products including fixed and equity-indexed
    annuities (where it is one of the market leading providers), variable
    annuities (JNL is a top 10 writer of net variable annuities), life
    insurance and stable value products (it is a top 10 provider of stable
    value products) that consist of guaranteed investment contracts and
    funding agreements. It provides products and services through 50 states,
    distributing them through independent agents, broker-dealers and financial
    institutions.

 3. PPM America manages US$53 billion in US assets (as at 30 September 2001)
    and is Prudential's North American asset management subsidiary.

 4. Total sales of single premium business at JNL in the first nine months of
    2001 were £3.8 billion, 2 per cent lower than the same period in 2000.
    Strong sales of fixed annuities (up 74 per cent to £1.38 billion,
    reflecting the successful execution of JNL's strategy to provide
    diversified products) and stable value products (up 20 per cent to £1.6
    billion) were offset by weaker sales of variable annuities (down 56 per
    cent to £613 million) and equity-linked annuities. Sales of equity-based
    products were affected by the ongoing turmoil in the equity markets and
    fierce competition from companies chasing top line growth at the expense
    of product profitability.