Pru Acquires CPSITE in Taiwan

Prudential PLC
10 October 2000


PRUDENTIAL ACQUIRES CORE PACIFIC SECURITIES INVESTMENT TRUST ENTERPRISE IN
TAIWAN

Prudential plc today announced the acquisition of an 88 per cent interest in
Taiwanese mutual fund company, Core Pacific Securities Investment Trust
Enterprise (CPSITE), further expanding its substantial Asian portfolio. CPSITE
is the ninth largest unit trust provider in Taiwan with funds under management
of £1.2 billion at 30 June 2000.

The acquisition of CPSITE follows the launch of Prudential's life operation in
Taiwan in November 1999 through its acquisition of a 74 per cent stake in
Chinfon Life Insurance, one of Taiwan's top ten life insurance companies.

Jonathan Bloomer, Group Chief Executive of Prudential plc said:

'The acquisition of a controlling stake in Core Pacific marks another stage in
our strategic objective of expanding our product range and customer base in
Asia.  It reflects our position as a leading international financial services
provider.'

Commenting on the acquisition, Mark Tucker, Chief Executive of Prudential
Corporation Asia said:

'This new investment is part of our objective of expanding our mutual funds
business across the Asian region, following the success of our operation in
India. The acquisition also enables us to broaden further our product range in
Taiwan, a strong and growing market for financial services. Prudential is
underscoring its confidence in and commitment to both Asia and Taiwan with
this new investment.'

For further information please contact:

Media:                               Analysts:

Tina Christou      020 7458 3719     Rebecca Burrows   020 7548 3537
Stuart Blackmore   020 7548 3520

Notes for editors:

Core Pacific Securities Investment Trust Enterprise was established in 1992
and is the ninth largest unit trust company in Taiwan. Net assets as at 30
June 2000 were approximately £13 million and net income for the year ended 31
December 1999 was NT$116 million (£2.5 million). CPSITE's product range
includes 13 equity funds and three bond funds, held by over 70,000 investors.

Established in London in 1848, Prudential plc is a leading international
financial services group with a market capitalisation of approximately £18
billion and funds under management of £164 billion at 30 June 2000.  In the
UK, Prudential is the largest life insurance company and pension annuity
provider.  In the US, Prudential owns Jackson National Life, the twentieth
largest US life insurance company. In Europe, Prudential has entered into
strategic distribution arrangements with CNP Assurances in France and Signal
Iduna in Germany.  Prudential first established its Asian presence in 1923.
Today, Prudential is the UK's largest life insurance company in Asia with
offices in eleven countries and a network of almost 25,000 agents and staff.