LONDON, UK -- (MARKET WIRE) -- February 1, 2007 --For Immediate release: Thursday 1 February 2007
NOTICE TO THE HOLDERS OF
$1,000,000,000 6.5% Perpetual Subordinated Capital Securities
(ISIN XS0170488992)
(the "Securities")
issued by
Prudential Plc
NOTICE IS HEREBY GIVEN to the holders of the Securities that JPMorgan Cazenove
Limited (formerly Cazenove & Co. Ltd) will resign as Calculation Agent under the
Calculation Agency Agreement dated 23 June 2003, in respect of the Securities
and will be replaced by UBS Limited, with effect from 3 March 2007, this being
30 days after the date of this notice.
This Notice is given by:
PRUDENTIAL PLC
Governor's House
Laurence Pountney Hill
London
EC4R 0HH
Registered in England No. 1397169.
This notice is governed by English law.
Date of Notice: 1 February 2007.
ENDS
Enquiries:
Media Investors/Analysts
Jon Bunn +44 20 7548 3559 James Matthews +44 20 7548 3561
William Baldwin-Charles +44 20 7548 3719 Valerie Pariente +44 20 7548 3511
Notes to Editor:
Prudential plc is a company incorporated and with its principal place of
business in the United Kingdom, and its affiliated companies constitute one of
the world's leading financial services groups. It provides insurance and
financial services directly and through its subsidiaries and affiliates
throughout the world. It has been in existence for over 150 years and has GBP237.5
billion in assets under management as at 30th June 2006. Prudential plc is not
affiliated in any manner with Prudential Financial, Inc, a company whose
principal place of business is in the United States of America.
Forward-Looking Statements
This statement may contain certain "forward-looking statements" with respect to
certain of Prudential's plans and its current goals and expectations relating to
its future financial condition, performance, results, strategy and objectives.
Statements containing the words "believes", "intends", "expects", "plans",
"seeks" and "anticipates", and words of similar meaning, are forward-looking. By
their nature, all forward-looking statements involve risk and uncertainty
because they relate to future events and circumstances which are beyond
Prudential's control including among other things, UK domestic and global
economic and business conditions, market related risks such as fluctuations in
interest rates and exchange rates, and the performance of financial markets
generally; the policies and actions of regulatory authorities, the impact of
competition, inflation, and deflation; experience in particular with regard to
mortality and morbidity trends, lapse rates and policy renewal rates; the
timing, impact and other uncertainties of future acquisitions or combinations
within relevant industries; and the impact of changes in capital, solvency or
accounting standards, and tax and other legislation and regulations in the
jurisdictions in which Prudential and its affiliates operate. This may for
example result in changes to assumptions used for determining results of
operations or re-estimations of reserves for future policy benefits. As a
result, Prudential's actual future financial condition, performance and results
may differ materially from the plans, goals, and expectations set forth in
Prudential's forward-looking statements. Prudential undertakes no obligation to
update the forward-looking statements contained in this statement or any other
forward-looking statements it may make.
This information is provided by RNS
The company news service from the London Stock Exchange