Prudential plc in Indonesia

Prudential PLC
23 April 2004


FOR IMMEDIATE RELEASE

Friday 23 April 2004


        PT Prudential Life Assurance to appeal Indonesian Court decision



PT Prudential Life Assurance recently terminated a consultancy contract for
agency sales force management, following legal advice. As a result, the
consultant has made a claim against PT Prudential Life Assurance for
approximately US$ 40 million and has filed a bankruptcy petition in the Jakarta
Bankruptcy Court. The Company considers, on the basis of its legal advice, that
the bankruptcy petition is misconceived.

Jakarta's Bankruptcy Court returned its verdict today. It held that the Company
owes the consultant approximately US$ 400,000 and as a result, has put the
Company into bankruptcy. PT Prudential Life Assurance is very surprised that the
Court has decided to accept the petition filed against it. PT Prudential Life
Assurance plans to vigorously appeal the Jakarta Bankruptcy Court's decision.

While the appeal process is underway, Prudential' s operations in Indonesia
intend to continue business as usual. All Prudential policies remain completely
unaffected and our total commitment to our customers and our employees continues
undiminished

PT Prudential Life Assurance is financially very strong. Its Risk Based Capital
(RBC) ratio of 255% (as at December 31, 2003) compares very favourably with the
100% requirement dictated by the Ministry of Finance.

                                    - ENDS -

Enquiries to:
Media                                    Investors/Analysts
Geraldine Davies     0207 548 3911
Steve Colton         020 7548 3721       Rebecca Burrows           020 7548 3537
Clare Staley         020 7548 3719       Marina Lee-Steere         020 7548 3511


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