Statement re. Egg France

Prudential PLC
13 July 2004


Embargo: 07:01, 13 July 2004

Statement Regarding Egg France

Prudential plc notes and supports Egg's announcement today that it is taking the
necessary steps to withdraw from the French market.

Prudential remains in discussions regarding a possible transaction with respect
to its approximately 79 per cent shareholding in Egg. A further announcement
with respect to the conclusion of this transaction will be made, as appropriate,
in due course.

                - ENDS -

Enquiries to:
Media                                   Investors/Analysts
Geraldine Davies   Tel: [phone]   Rebecca Burrows       Tel: [phone]
                                                              Mob: [phone]
Clare Staley       Tel: [phone]   Marina Lee-Steere     Tel: [phone]

Notes to Editors:

On 22 October 2003 Egg announced that the execution of its French business plan
would take longer and require a greater level of investment than Egg was
prepared to undertake on a standalone basis. At that time, Egg considered
forming an alliance with a strategic partner and, to that end, entered into
negotiations, which might have led to a joint venture. These conversations led
to other options being presented by various parties and as a result, Prudential
announced on 14 January 2004 that it was in preliminary discussions regarding a
possible transaction with respect to its 79 per cent shareholding in Egg. On 26
January Prudential announced that while discussions were continuing, it had
received unsolicited indications of interest from a number of parties, which may
or may not have led to a transaction.

As stated in its separate announcement, Egg expects the cost of closing Egg
France to be approximately €170 million (£113 million).

Forward-Looking Statements

This statement may contain certain 'forward-looking statements' with respect to
certain of Prudential's plans and its current goals and expectations relating to
its future financial condition, performance, results, strategy and objectives.
Statements containing the words 'believes', 'intends', 'expects', 'plans',
'seeks' and 'anticipates', and words of similar meaning, are forward-looking. By
their nature, all forward-looking statements involve risk and uncertainty
because they relate to future events and circumstances which are beyond
Prudential's control including among other things, UK domestic and global
economic and business conditions, market related risks such as fluctuations in
interest rates and exchange rates, and the performance of financial markets
generally; the policies and actions of regulatory authorities, the impact of
competition, inflation, and deflation; experience in particular with regard to
mortality and morbidity trends, lapse rates and policy renewal rates; the
timing, impact and other uncertainties of future acquisitions or combinations
within relevant industries; and the impact of changes in capital, solvency or
accounting standards, and tax and other legislation and regulations in the
jurisdictions in which Prudential and its affiliates operate. This may for
example result in changes to assumptions used for determining results of
operations or re-estimations of reserves for future policy benefits. As a
result, Prudential's actual future financial condition, performance and results
may differ materially from the plans, goals, and expectations set forth in
Prudential's forward-looking statements. Prudential undertakes no obligation to
update the forward-looking statements contained in this statement or any other
forward-looking statements it may make.


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