We have reviewed the interim financial information for the six months ended 30 June 1998 set out on pages 8 to 11 and pages 14 and 15 which is the responsibility of, and has been approved by, the directors. Our responsibility is to report on the results of our review. Our review was carried out having regard to the Bulletin, Review of Interim Financial Information, issued by the Auditing Practices Board.

This review consisted principally of applying analytical procedures to the underlying financial data, assessing whether accounting policies have been consistently applied, and making enquiries of Group management responsible for financial and accounting matters. The review excluded audit procedures such as tests of controls and verification of assets and liabilities and was therefore substantially less in scope than an audit performed in accordance with Auditing Standards. Accordingly we do not express an audit opinion on the interim financial information.

On the basis of our review:
* in our opinion the interim financial information has been prepared using accounting policies consistent with those adopted by Prudential Corporation plc in its financial statements for the year ended 31 December 1997; and

* we are not aware of any material modifications that should be made to the interim financial information as presented.