Directorate Change

Prudential PLC
05 September 2002


Thursday 5 September 2002

                      PRUDENTIAL PLC APPOINTS NEW CHAIRMAN

Following a Board meeting earlier today, Prudential plc announces the
appointment of David Clementi as Chairman with effect from 1 December 2002. Mr
Clementi, who was a Deputy Governor of the Bank of England until 31 August,
succeeds Sir Roger Hurn who will step down from the Board at the end of
November.

Commenting on David Clementi's appointment, Sir Roger Hurn said: 'I am delighted
that David Clementi has agreed to succeed me as Chairman. Prudential is an
outstanding company and I am confident that David's wealth of experience,
combined with the excellent leadership of Jonathan Bloomer, will provide a
uniquely qualified team for the future.'

David Clementi added: 'I am delighted to be joining Prudential. The company is a
leading international financial services group and I am very much looking
forward to contributing to its continued growth and development.'

Jonathan Bloomer, Group Chief Executive of Prudential, said: 'Sir Roger has
played an important and valuable role in the company and I would like to thank
him for the tremendous support, advice and guidance he has given me during the
time we have worked together.

'I am very much looking forward to working with David Clementi as we continue to
develop and deliver our strategy.'



                                     -ENDS-

Enquiries to:
Media                                      Investors/Analysts
Geraldine Davies      020 7548 3911        Rebecca Burrows         020 7548 3537
Steve Colton          020 7548 3721



Notes to Editors:-


 1. David Clementi was a Deputy Governor of the Bank of England from 1 September
    1997 to 31 August 2002. In addition to his membership of the Monetary Policy
    Committee, David was responsible for the day-to-day management of the Bank
    and had specific responsibility for the Bank's work on Financial Stability
    issues.

    Before joining the Bank, David Clementi worked at Kleinwort Benson for 22
    years, including as Chief Executive (from January 1994) and subsequently
    Vice Chairman (May 1997). He was head of the Equities Division (1987-1989)
    and head of the Corporate Finance Division (1989-1993). While at Kleinwort
    Benson, David played a leading role in the UK privatisation programme,
    including advising HM Government on the privatisation in 1984 of British
    Telecom, the first global equity issue, and the privatisation in 1991 of the
    Electricity Industry.

    David graduated from Oxford University and qualified as a Chartered
    Accountant. He then spent two years at Harvard Business School obtaining an
    MBA. David was a director of the Financial Services Authority and the
    Accountancy Foundation until 31 August 2002. He is an Honorary Fellow of
    Lincoln College, Oxford.

    David is aged 53. He is married with two children.

 2. Photographs of David Clementi are available at www.newscast.co.uk.




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