Tokyo Investor Day

CAPITAL MANAGEMENT OPPORTUNITIES International Insurance operations redeploy capital through various methods Redeployment Method Description Dividends Affiliated Debt Repayment • In accordance with regulatory and solvency standards • Approximately $0.9 billion outstanding on books of Prudential's Japanese insurance companies(1) Affiliated Lending • In accordance with regulatory and solvency standards . Acquisition Funding ⚫ Local capital provides potential source for acquisition financing and Other ⚫ Other opportunities consistent with regulatory standards • 1) As of March 31, 2016 translated at Japanese yen 112 per U.S. dollar. Includes amounts relating to preferred stock issues. Prudential Tokyo Investor Day 9.15.2016 15

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