Investor Presentaiton

26 Challenging market context to navigate Covid disruption¹ Indicative restriction levels by market 1Q 4Q 10 20 30 40 12 20 21 21 21 22 22 Equities down Equity indices 30 Jun '22 YoY & vs 31 Dec 21, % Rates up 10Y gov. bond yield, 30 Jun '22 YoY & vs 31 Dec 21, bps Spreads wider 30 Jun 22 YoY & vs 31 Dec '21, bps Chinese Mainland HK Domestic HK Border Indonesia Malaysia Singapore Mostly normalised Significant restrictions Modest restrictions Lockdown in period -25% MSCI Asia ex Japan -17% Chinese Mainland HK (US) -24% Hang Seng -7% Indonesia -14% CSI 300 -9% Malaysia S&P 500 -12% -21% Singapore -26 5 Asia USD A 12 16 150 146 Asia USD BBB 68 80 74 84 93 65 USD A 54 60 vs 30 Jun '21 vs 31 Dec '21 vs 30 Jun '21 vs 31 Dec '21 1. Lockdown definition varies among countries but generally refers to date non-essential businesses were ordered to shut down. Easing of lockdown comes with certain restrictions in all the countries; Prudential analysis. 143 131 USD BBB 97 83 vs 30 Jun '21 vs 31 Dec '21

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