Prudential AGM Business

Prudential PLC
8 May 2002

For Immediate Release



Wednesday 8 May 2002



                 PRUDENTIAL PLC ANNUAL GENERAL MEETING BUSINESS

The Board of Prudential plc announces its intention to recommend the withdrawal
of Resolution 12, relating to its proposed executive share plan, to allow for
further consultation with shareholders. This resolution was due to be put to
shareholders at its Annual General Meeting on 9 May.


Prudential discussed the executive share plan and consulted exhaustively with
its shareholders over the five month period leading up to notification of the
Annual General Meeting. Points made during these discussions were reflected in
the plan. Only after seeking input from major institutional shareholders and
following best practice in corporate governance did it finalise its resolution
to go before the AGM.


Although indications from proxy votes are that the resolution would have been
passed, a number of institutional shareholders (all of whom had been party to
earlier consultations) have, at an unusually late stage, sought further
clarification and discussion on the proposals in the plan. This included a
reopening of issues which the company had been led to believe were closed.


Prudential's Remuneration Committee believes strongly in the merits of the
proposals but wishes to have the wholehearted support of shareholders. It
therefore intends to continue discussions with as broad a range of shareholders
as possible with a view to putting the executive share plan to shareholders at a
later date.


                                     -ENDS-


ENQUIRIES TO:

Geraldine Davies                 020 7548 3911
Steve Colton                     020 7548 3721
Clare Staley                     020 7548 3719





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