Cost Savings and Strategic Growth

PGIM Significant Opportunity Outside the U.S. Japan ~$213B in Assets Europe ~$75B in Assets Emerging Markets • Top 3 foreign manager of Japanese Institutional assets . Increased appetite for non-Japan assets • • AUM from European clients grew by ~30% over the last 5 years Significantly increased sales and marketing footprint in Europe across institutional and retail channels ~$36B in Assets • China: $17B AUM JV up from $5B in 2010; deepening local coverage of top institutions Leading manager of active EM strategies across public debt and equities Note: See Appendix for sources of rankings. Data as of June 30, 2022, unless otherwise stated. Expanding access to investing, insurance, and retirement security 26 26

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