Indonesia bankruptcy verdict

Prudential PLC
15 June 2004

FOR IMMEDIATE RELEASE

Tuesday 15 June 2004

                PT Prudential Life bankruptcy verdict overturned

Prudential plc is pleased that the Supreme Court of Indonesia has ruled in its
favour by overturning the bankruptcy decision of the Commercial Court on its
Indonesian subsidiary, PT Prudential Life Assurance (PLA).

Charlie Oropeza, PLA President Director, said, 'We are very pleased the Supreme
Court of Indonesia recognised the merits of our case and our company's financial
strength by overturning the bankruptcy decision.'

Mark Norbom, Chief Executive of Prudential Corporation Asia added, 'We would
like to thank all our staff, agents and customers for their commitment over
recent weeks. We would also like to thank the many other supporters who helped
Prudential during this time. Numerous government officials, regulatory
organisations and insurance companies, here in Indonesia and around the world,
have supported our case and continue to assist by lobbying for amendments to the
bankruptcy laws. We are immensely grateful to them.'

He continued, 'We applaud the Indonesian Government for its continuing review of
the bankruptcy laws. We believe that amendment of these laws is the best way to
prevent similar cases occurring in the future.'

Charlie Oropeza concluded, 'PLA is now fully operational and business has
returned to normal. We look forward to meeting the savings, protection and
investment needs of the people of Indonesia for many years to come.'

                                    - ENDS -

Enquiries to:


Media                                 Investors/Analysts

Clare Staley     020 7548 3719        Rebecca Burrows           020 7548 3537



About Prudential in Indonesia

PT Prudential Life Assurance (PLA) was established in 1995. Today, PLA has 230
staff and over 8,000 professional and well-trained salespeople. We have 6 sales
offices (Jakarta, Medan, Surabaya, Bandung, Denpasar and Semarang) and 61 agency
offices (including Jakarta, Surabaya, Medan, Bandung and Bali), along with 14
Financial Advice Centres in Jakarta, Bogor, Bandung, Surabaya, Tangerang and
Bekasi.




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