Prudential PLC

RE: PRUDENTIAL BANKING PLC
    USD 12,076,000.00
    MATURING: 22-Sep-2004
    ISSUE DATE: 09-Nov-2001
    ISIN: XS0138492268

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
22-Sep-2003 TO 22-Dec-2003 HAS BEEN FIXED AT 1.220000 PCT.

INTEREST PAYABLE VALUE 22-Dec-2003 WILL AMOUNT TO
USD 3.08 PER USD 1,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 020 7508 3858/3855 OR FAX: 44 020 7508 3881.