Scrip Dividend

Prudential PLC
20 November 2002


Date: 20 November 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 2002 interim dividend is 440.6 pence per share.

This price is calculated in accordance with the terms of the circular to
shareholders dated 14 October 2002.

Application has been made to the Financial Services Authority and the London
Stock Exchange for a total of 2,836,084 ordinary shares of 5 pence each fully
paid to be admitted to the Official List. It is expected that admission will be
granted on Wednesday 27 November 2002 and that dealings will commence on
Thursday 28 November 2002. When issued these shares will rank pari passu with
the existing ordinary shares.

END

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