Strategic Expansion and Growth

Accelerate Eastspring Eastspring is a unique, structurally advantaged platform Overview Cyclical business but structurally advantaged due to reliable and consistent life business flows5 Unique platform • • • Top 10 in 7 out of 11 markets Asia's largest retail asset manager (ex Japan) Structurally advantaged due to reliable and predictable annual flows from life operations Multiple-times winner of "Asia Fund House of the Year"1 and of "Asia Bond House of the Year"² awards • 55% of external net flows in 2019 came from new initiatives Completed portfolio gap-fills • Completed TMBAM and TFund acquisitions in Thailand, gaining a foothold in the second largest economy and leading mutual fund market in ASEAN • Launched China WFOE; RMB 2.8bn AUM (incl. advisory) with significant equity investment outperformance Leveraging technology Launched eTrading platform in Malaysia Implemented Blackrock's Aladdin system PRUDENTIAL 1. Awarded by Asian Investor's Asset Management Awards (2015, 2017, 2018); 2. Awarded by Asia Asset Management Fund Manager Surveys (2019, 2020) 3. Cost/income ratio represents cost as a percentage of operating income before performance related fees 4. Year on year growth; on a constant exchange rate 5. Totals may not cast as a result of rounding 6. $13bn total net outflows include Asia Life (+$3bn), M&G (-$7bn) and Third party net flows (-$8bn) 55 ($ bn, AER) CAGR: 14% 241 65 Mix -136 220 -8 13 48% 40 Asia Life Net Flows 55% FUM 41% 3rd Party 66 Net Flows 38% FUM M&G 11% 7% FUM 2010 Opening FUM Asia Life 3rd Party Non MMF MMF/UK /US Life Market Mvmt & Others 2019 Closing FUM Total Net Market HY2020 Flows Mvmt, FX & Others Closing FUM Total net flows 2010-19 Operating leverage, $m IFRS Operating Profit4, $m Cost/ income ratio³ 51% 50% 130 +10% 143 HY19 (CER) HY20 20 20

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