Slaughter and May advised Prudential plc in connection with the update and revision of its £5,000,000,000 Medium Term Note Programme (the "Programme") and its subsequent issuance of US$700,000,000 5.25% Tier 1 Notes (the "Notes") under the Programme.

The dealers under the Programme are Barclays Bank PLC, Citigroup Global Markets Limited, Deutsche Bank AG, London Branch, Goldman Sachs International, The Royal Bank of Scotland plc and UBS Limited.

The Notes, which were issued on 15 January 2013, have been admitted to the Official List of the UK Listing Authority and to trading on the regulated market of the London Stock Exchange.

The Notes comply with the current requirements for tier one capital under the Financial Services Authority's General Prudential Rules, and have been assigned a rating of A- by Standard & Poor's Credit Market Services Europe Limited, Baa1 by Moody's Investors Service Ltd and BBB+ by Fitch Ratings Limited.

Cleary Gottlieb Steen & Hamilton LLP advised as to United States law, Homburger AG advised as to Swiss law and Kim & Chang advised as to Korean law.
 
Contacts

Financing: Guy O'Keefe (partner), Alexander Biles (associate), Stephen Fishbourne (associate), Harry Bacon (associate); Tax: Mike Lane (partner), Richard Jeens (associate), Sarah Ring (associate)

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