Scrip Dividend

Prudential PLC
21 May 2003


Date: 21 May 2003

PRUDENTIAL PLC SCRIP DIVIDEND

Prudential plc announces that the reference price for the fully paid extra
shares to be issued to shareholders who elected for the scrip dividend
alternative for the 2002 final dividend is 394.80 pence per share.

This price is calculated in accordance with the terms of the circular to
shareholders dated 14 April 2003.

Application has been made to the Financial Services Authority and the London
Stock Exchange for a total of 5,292,593 ordinary shares of 5 pence each fully
paid to be admitted to the Official List. It is expected that admission will be
granted on Tuesday 27 May 2003 and that dealings will commence on Wednesday 28
May 2003. When issued these shares will rank pari passu with the existing
ordinary shares.

END


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