Prudential Plans to Increase Stake in Prudential Malaysia to 70% for Approximately US$375 Million

Prudential's wholly-owned subsidiary, Prudential Group Holdings Limited, has signed an agreement to acquire an additional 19% stake in Sri Han Suria Sdn. Bhd. for MYR 1.52 billion (approximately US$375 million). Upon completion of the transaction, Prudential will hold a 70% stake in Prudential Malaysia. The transaction has been approved by Bank Negara Malaysia and is expected to be completed in the near term. Following completion, Prudential Malaysia will remain a consolidated indirect subsidiary of Prudential, with the proportion of after-tax profits and equity attributable to non-controlling interests adjusted accordingly.