Scrip Dividend

Prudential PLC
22 May 2002




Date: 22 May 2002

PRUDENTIAL PLC SCRIP DIVIDEND

Prudential plc announces that the reference price for the fully paid extra
shares to be issued to shareholders who elected for the scrip dividend
alternative for the 2001 final dividend is 680.1 pence per share.

This price is calculated in accordance with the terms of the circular to
shareholders dated 15 April 2002.

Application has been made to the Financial Services Authority and the London
Stock Exchange for a total of 1,529,504 ordinary shares of 5 pence each fully
paid to be admitted to the Official List. It is expected that admission will be
granted on Tuesday 28 May 2002 and that dealings will commence on Wednesday 29
May 2002. When issued these shares will rank pari passu with the existing
ordinary shares.

END



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