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-Dec-2003 to
22-Mar-2004 HAS BEEN FIXED AT 1.250000 PCT.

INTEREST PAYABLE VALUE 22-Mar-2004 WILL AMOUNT TO
USD 3.16 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.