Overseas Equity – passive Fund Fact Sheet

1 Aim: The fund invests in the shares of Overseas companies against a benchmark mix, with fixed proportions. It is a fund of funds and both the proportions invested in each region and investments in each region are passively managed except for emerging markets which are actively managed. The split between the Overseas regions may be reviewed from time to : the fund holds shares of companies from around the world (excluding companies listed in the UK). Please note: this fund is not currency underlying fund(s): M&G Pooled Pensions Overseas Equity passive DESCRIPTION FUND BREAKDOWNO verseas Equity passive Fund Fact Sheetas at 30 September 2018 prudential Staff Pension Scheme DC Section Fund Fact Sheet1 PSPS fund size of holdings*1,647 PSPS fund launch dateJuly 2008 BenchmarkMix of FTSE and MSCI regional indicesInvestment style PassivePerformance objectiveTo match the performance of the benchmark as closely as FACTSCOMMENTARY Most stock markets made strong gains in the third quarter, with the US and Japan standing out.

2 Corporate profitability remains resilient in both countries and quarterly results were well received by investors. However, performance in Europe was mixed and the UK, too, ended the quarter lower. Many emerging markets also came under pressure, and in fixed income, yields on government bonds were generally US stock market enjoyed a stellar quarter on the back of healthy company earnings. In September, the US Federal Reserve, in a widely anticipated move, raised interest rates by a quarter of a point, a reflection of the strength of the US contrast, European stock markets disappointed in the third quarter, with companies facing several headwinds.

3 For example, the share prices of some car manufacturers fell on fears that an escalating trade war could impact the export of automobiles. Banking shares were volatile on worries over their exposure to the troubled Turkish economy. Growth in the Eurozone also disappointed, with the economy expanding at its weakest pace in two PP Pacific Basin (ex Japan) Equity passive Fund PP Europe EquityPassive Fund PP Japan EquityPassive Fund PP Global EmergingMarkets Fund PP North America EquityPassive Fund *The number of holdings will be directly related to the total combined holdings of the underlying funds so there is a possibility of some Samsung Taiwan Johnson & JP Morgan Merck & Nova r HOLDINGS %The asset mix is likely to vary in the future.

4 Source: M&G Investments All figures are as at 30 September 2018, unless otherwise asset mix is likely to vary in the Staff Pension Scheme DC Section Fund Fact Sheet2 There are three main types of investment risk that should be considered when saving for three categories are:Capital Risk; the risk of a fall in the value of your Personal Risk; the risk of your investment not sufficiently keeping up with the rise in the cost of Risk; the risk that the value of your Personal account will not keep pace with the cost of buying annuities at make it easier for you to understand the risks of each of the available funds, the Trustee s investment advisers have allocated risk ratings to each risk ratings have been developed specifically for the PSPS fund range and are designed to help members select the right fund(s) to suit their own circumstances.

5 The ratings are kept under review and may change from time to IS THE RISK RATING?FUND RISK RATING FundRisk RatingCapitalInflationConversionPSPS Overseas Equity passiveHighMediumHighPERFORMANCEPast performance of the fund over each of the last 5 years to end of SeptemberPast performance of the fund to 30 September 2018 Source: prudential *annualisedThe PSPS Overseas Equity passive fund was created specifically for members of The prudential Staff Pension Scheme in July 2008. The performance shown prior to this date reflects the performance of the current underlying fund, the M&G Pooled Pensions Overseas Equity passive fund.

6 Fund Performance is based upon the movement of the daily price and is shown as total return with gross income reinvested. It is important to remember that past performance is not a reliable indicator of future performance. The value of investments can go down as well as up. You could get back less than 0/0 9/2 013 -3 0/0 9/2 0143 0/0 9/2 014 -3 0/0 9/2 0153 0/0 9/2 015 -3 0/0 9/2 0163 0/0 9/2 016 -3 0/0 9/2 0173 0/0 9/2 017-3 0/0 9/2 018 Overseas Equity Year*3 Years*5 Years* Overseas Equity Staff Pension Scheme DC Section Fund Fact Sheet33 IMPORTANT INFORMATIONWHO MANAGES THE FUNDS?

7 The PSPS Overseas Equity passive fund is a prudential series 3 fund created for members of The prudential Staff Pension Scheme only. It is currently invested in the underlying M&G Pooled Pensions Overseas Equity passive fund. Please note, the Trustee has the flexibility to change the underlying manager(s) at any time but will normally tell you if this also includes a significant change to the objectives of the PSPS fund IS THE DEALING CYCLE?The PSPS fund range is forward priced which means that the unit price is set after money is received buys units at the valuation date price applicable at close of business on the same IS THIS FACTSHEET FOR AND WHAT DOES IT DO?

8 This factsheet is intended for members of The prudential Staff Pension Scheme. Its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. If you are not familiar with any of the investment terminology included on this factsheet, then please contact an I GET ADVICE?The Trustee, prudential and its employees are not authorised to give you financial advice. It is not our intention to give an indication of how any particular funds will perform in the future. The commentary in this factsheet reflects the general views of the underlying fund manager(s) and should not be taken as a recommendation or advice as to how a specific market or fund is likely to ARE THE PERFORMANCE FIGURES CALCULATED?

9 Performance is measured on an offer price to offer price basis, which means it is based upon the movement of the daily the purposes of comparison with the benchmark we have used daily prices with the closest valuation point to that of the benchmark, taking into consideration the relevant dealing cycle. Fund performance is presented before the deduction of fees, these fees have the effect of reducing the fund IMPORTANT INFORMATIONP lease note the performance figures shown do not take account the effect of fees, which can be found in the Scheme s Investment Guide.

10 Published by the Trustee of the prudential Staff Pension Scheme, Laurence Pountney Hill, London EC4R 0HH. Designed & produced by Concert Consulting UK Ltd 2016. CC/29-11 -16 BTBF10468_f 12/2018