PRUDENTIAL PLC

Under UK company law, Prudential plc may pay dividends only if sufficient distributable reserves of the Company are available for

that purpose and if the amount of its net assets is greater than the aggregate of its called-up share capital and non-distributable

reserves (such as the share premium account) and the payment of the dividend does not reduce the amount of its net assets to

less than that aggregate. ‘Distributable reserves’ are accumulated, realised profits not previously distributed or capitalised less

accumulated, realised losses not previously written off, on the applicable GAAP basis. For further information about the Company,

please refer to the section headed Condensed Financial Information of Registrant (Schedule II).

The retained profit of the Company is principally generated from dividend and interest income received from subsidiaries. Many of

its insurance subsidiaries are subject to regulations that restrict the amount of dividends that they can pay to the Company. These

restrictions are discussed in more detail in notes C9.3 and D6.2 to Prudential’s consolidated financial statements.

Subject to the restrictions referred to above, Prudential plc’s directors have the discretion to determine whether to pay an interim

dividend and the amount of any such interim dividend but must take into account the Company’s financial position. The directors

also have the discretion to recommend payment of a final dividend, such recommendation to be approved by ordinary resolution

of the shareholders. The approved amount may not exceed the amount recommended by the directors.

The following table shows certain information regarding the dividends per share of Prudential plc relating to the years indicated.

First and second interim dividends are recorded in the period in which they are paid. The first 2025 interim dividend was paid on

16 October 2025 and the second interim dividend will be paid on 13 May 2026. Further information on the Group's 2025 dividends

is provided in note B5 to Prudential's consolidated financial statements.

Reflecting the Group’s capital allocation priorities, a portion of capital generation will be retained for reinvestment in organic

growth opportunities and for investment in capabilities, and dividends will be determined primarily based on the Group’s operating

capital generation after allowing for the capital strain of writing new business and recurring central costs. Dividends are expected

to grow broadly in line with the growth in the Group’s operating free surplus generation, and will be set taking into account

financial prospects, investment opportunities and market conditions.

In line with the guidance for 2025 and our dividend policy, the Board has approved a 2025 second interim cash dividend of 18.89

cents per share (2024: 16.29 cents per share). Combined with the first interim cash dividend of 7.71 cents per share (2024: 6.84

cents per share), the Group’s total 2025 cash dividend is 26.60 cents per share (2024: 23.13 cents per share), an increase of 15

A dividend reinvestment plan (DRIP) will continue to be offered to shareholders on the UK register. A scrip dividend alternative,

with the issuance of new ordinary shares on the Hong Kong line only and the dilutive effect neutralised by a share repurchase on

the London line, will be offered in respect of the 2025 second interim dividend.

Guidance on the application of the dividend policy and changes to our capital allocation framework are set out in the Financial

review section.