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01 October 2018 • London

M&GPrudential appoints Mike Evans as Chair

2018

Prudential plc today announces the appointment of Mike Evans as Chair of M&GPrudential in preparation for its planned demerger. He joins the Board of M&GPrudential with immediate effect.

Mr Evans has 36 years of savings and investments experience and has served as Chairman of Hargreaves Lansdown plc and of ZPG plc. He has also worked as the Chief Operating Officer of Skandia UK, as a non-executive director of esure Group plc and as the Senior Independent Director of Chesnara plc. He is currently Chairman of Just Eat plc.

Mr Evans’ appointment is the latest step in the planned demerger of M&GPrudential from Prudential plc, which will result in two separately listed companies. The appointment has been approved by the Prudential Regulation Authority and the Financial Conduct Authority. Further appointments to the Board of M&GPrudential will be announced in due course.

Paul Manduca, Chairman of Prudential plc, said: “I am pleased that Mike Evans has joined M&GPrudential as Chair. His extensive boardroom experience and track record with UK listed businesses will be great assets during the demerger and when M&GPrudential becomes an independent company.”

John Foley, Chief Executive of M&GPrudential, said: “I am delighted that Mike has been appointed as Chair of M&GPrudential, working with us on our journey to independence and, above all, as we continue to deliver great outcomes for our millions of customers.”

Mike Evans, Chair of M&GPrudential, said: “This is an exciting time to be joining M&GPrudential, which is a strong business with lots of opportunities for growth in the UK and international savings and investment markets. I look forward to working with John and his team as we become an independent business.”

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Chantal Waight

Richard Gradidge

Notes to Editors

Mike Evans started his career with Clerical Medical in 1982, before joining Skandia in 1986 and qualifying as an actuary in 1988. He held a number of senior roles until his appointment as Chief Operating Officer in 2004. He became a non-executive director of Hargreaves Lansdown plc in 2006, serving as Chairman of the Board, Chairman of its Nomination and Risk committees and Member of its Remuneration Committee between 2009 and February 2018. He was a Non-Executive Director of esure Group plc between June 2013 and August 2015, serving as Chairman of its Remuneration Committee and a Member of its Risk and Audit committees. He was Chairman of ZPG plc between May 2014 and July 2018, serving as Chairman of its Nomination Committee and Member of its Remuneration Committee. He was Senior Independent Non-Executive Director of Chesnara plc and a Member of its Nomination, Remuneration and Audit & Risk committees from 2013 to September 2018. He is also Chairman of Just Eat plc, Chairman of its Nomination Committee and a member of its Remuneration Committee. He holds a BSc in Mathematics from the University of Bristol. Age 57.

M&GPrudential is the UK and European savings and investments business of Prudential plc. On 14 March 2018 Prudential plc announced its intention to demerge M&GPrudential from Prudential plc, resulting in two separately listed companies with different investment characteristics and opportunities. On completion of the demerger, shareholders will hold interests in both Prudential plc and M&GPrudential. M&GPrudential has total assets under management of £341 billion as at 30 June 2018 and has more than 7 million customers. Over the next five years, M&GPrudential’s shareholders will be investing £250 million of shareholder capital into a series of transformation programmes to create a simple, modern, customer-centric savings and investments business.

Prudential plc and its affiliated companies constitute one of the world’s leading financial services groups, serving over 26 million customers, with £664 billion of assets under management (as at 30 June 2018). Prudential plc is incorporated in England and Wales and is listed on the stock exchanges in London, Hong Kong, Singapore and New York. Prudential plc is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America.

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M&G Investments

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M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.

M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.

M&G Investments

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M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.

M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.

M&G plc は、イングランド及びウェールズで設立・登録。本社登録地は10 Fenchurch Avenue, London EC3M 5AG。登録番号11444019。M&G plcは持ち株会社で、その子会社の一部はPRA(健全性監督機構)及びFCA(金融行為規制機構) に認可され、それらの規制対象となっています。

M&G plc は、イングランドを登録地、及び主たる事業領域とする会社で、その関連会社は有数の貯蓄・投資機関として基盤を確立しています。M&G plcは、Prudential Assurance Company Limited(プルデンシャル・アシュアランス・カンパニー・リミテッド)の直接親会社です。なお、Prudential Assurance Company Limitedは、アメリカ合衆国を主たる事業領域とするPrudential Financial, Inc.(プルデンシャル・ファイナンシャルInc.)またはイングランド及びウェールズで設立された国際グループ企業であるPrudential plc(プルデンシャル・ピーエルシー)とは一切関係がありません。

Prudential Portfolio Managers (South Africa) (Pty) Limited

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M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.

M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.