Prudential PLC

RE: PRUDENTIAL BANKING PLC 
    USD 10,700,000.00
    MATURING: 18-Jan-2005
    ISSUE DATE: 09-Nov-2001
    ISIN: XS0138492185

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 
15-Jan-2004 to 15-Apr-2004 HAS BEEN FIXED AT 1.200000 PCT.

INTEREST PAYABLE VALUE 15-Apr-2004 WILL AMOUNT TO
USD 3.03 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.