Tokyo Investor Day

PRODUCT ACTIONS IN 2016 • Reduced guaranteed interest rates and commissions on single premium yen products Subsequently discontinued sales of all general account single premium yen products • Reduced crediting rates on yen-based advanced premiums, suspended acceptance of advanced premiums on some products • Expanded U.S. dollar product portfolio including: - - Gibraltar low cash value USD whole life product emphasizing death protection coverage Expansion of sales of 15 year USD Multi-Currency Whole Life product to Gibraltar New USD products for both Gibraltar and POJ in development with release expected in late 2016 and early 2017 Prudential Tokyo Investor Day 9.15.2016 3

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