ABOUT THE FUND The Asia Property Fund (“the Fund”) will seek current income and long- term capital appreciation through investments in real estate across the Asia-Pacific region. The initial focus will be Japan, South Korea, Hong Kong, Singapore and Australia, but will expand as markets in the region mature. KEY TERMS OF THE FUND FOR MORE INFORMATION (Ms) Schutz Lee Head of Marketing and Investor Relations PRUPIM Singapore T: E: W: Philip Levinson Director, Client Services Asia LaSalle Investment Management T: E: W: ASIA PROPERTY FUND Open-ended Asia-Pacific Property Fund FUND FACTSHEET  FIRST QUARTER 2007 Name of buildingCityCountryType Total GFA of property (sq m) Nara BuildingSeoulSouth KoreaOffice29,929 Northgate BuildingSeoulSouth KoreaOffice34,314 Li & Fung CentreHong Kong Logistics45,288 Compass PointSingapore Retail38, George StreetSydneyAustraliaOffice58,167 Geographic Allocation* Sector Allocation* * Based on valuation as at end-Jan 2007 INVESTMENT HIGHLIGHTS Direct Property Exposure: The Fund will invest primarily in stable, income- producing, real property assets in Asia’s major markets. Attractive Initial Portfolio: Diversified portfolio of five institutional-grade assets offering immediate exposure to four countries and three sectors in key Asia-Pacific markets. Currently valued at circa USD 600 million, the portfolio is fully leased to a diversified pool of tenants under a range of lease structures that provide a stable income profile with opportunities to capture market growth. Strong Sponsors: The Fund is jointly sponsored by two of the strongest names in global and Asia-Pacific real estate investment management – PRUPIM and LaSalle Investment Management. The sponsors’ fund and investment management capabilities benefit from the Prudential plc and Jones Lang LaSalle global platforms. Substantial Seeding Commitment: The sponsors have allocated USD 875 million of assets and capital to seed the Fund. Prudential’s UK Life Fund has contributed the USD 600 million seed portfolio, which will be expanded and rebalanced with a USD 275 million equity commitment from Prudential’s Asia Life Funds and LaSalle Investment Management. Track Record: The Fund’s launch marks the expansion and continuation of PRUPIM’s and LaSalle’s five-year partnership in Asia, which resulted in gross annual returns in the high teens for the Prudential UK Life Fund since The same LaSalle investment teams will lead the acquisition and asset management functions while the same joint Investment Committee will oversee the Fund’s strategy and execution. New Industry Standards: As the first open-ended real estate fund in Asia- Pacific, the Fund will set new industry standards in the region for offering monthly subscription, redemption, valuation and published NAV to global investors. The Fund is serviced regionally in partnership with the leading global property management, valuation, audit and administration providers. INITIAL PORTFOLIO OVERVIEW StructureLuxembourg SICAV CurrencyUS Dollar Fund LifeOpen-ended Target Total Return 8 – 10% p.a. Target Leverage40%, capped at 50% SubscriptionMonthly and on queue RedemptionMonthly and on queue DividendQuarterly, within 40 business days Fund Manager PRUPIM Singapore Investment Manager LaSalle Investment Management Compass Point, Singapore

IMPORTANT DISCLAIMER This information is provided on a private and confidential basis to potential investors in deciding if they wish to consider this investment. It must not be published, circulated, reproduced or distributed in whole or part without our written consent. This information does not constitute an offer to invest and is subject to correction, completion and amendment without notice. Any such offer. If made, will only be made by means of a private placement memorandum. Past performance and any forecasts are not necessarily indicative of the future or likely performance of the Fund, 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. ROLES AND RESPONSIBILITIES PRUPIM Ultimately owned by Prudential plc (United Kingdom) Has over 150 years in real estate fund management One of the largest direct real estate investment managers in the world – AUM USD 37 billion as at Dec 06, almost entirely equity One of the first to invest internationally, started over 30 years ago – ex-UK AUM currently USD 2.8 billion PRUPIM Singapore Combines PRUPIM’s property expertise with Prudential’s extensive footprint and fund management business in Asia Headquartered in Singapore with Asia-Pacific mandate PRUPIM Singapore manages around USD 900 million of Asia Pacific real estate assets LaSalle Investment Management Leading global real estate investment manager, over 25 years of experience AUM over USD 40 billion (as at Dec 06) in separate accounts, direct funds and real estate securities Subsidiary of Jones Lang LaSalle, one of the world's leading real estate service providers with 11,100 employees world-wide (NYSE:JLL) LaSalle Asia Established Asia Pacific business, with on-the-ground presence and track record since offices across the region, 75 professionals and over 90 staff in total AUM over USD 4billion (as at Dec 06); USD 3.5 billion of transactions completed since 2003 Access to Jones Lang LaSalle's network of over 4,000 employees in 35 markets across Asia Pacific ABOUT THE PARTNERS Clear roles and responsibilities, leveraging the respective strengths of the sponsors with joint input on key strategic matters Joint representation at all decision-making levels of the Fund This is a proven partnership that has successfully closed on 10 investments in four countries and three sectors in the region. These investments have produced gross annual returns in the high teens over the last five years to 2006 Board of Directors Fund Manager PRUPIM Singapore Investment Manager LaSalle Asia Fund Administrator RBC Dexia Investment Committee ASIA PROPERTY FUND Open-ended Asia-Pacific Property Fund FUND FACTSHEET  FIRST QUARTER 2007 LiFung Centre Hong Kong 400 George Street Sydney, Australia Northgate Building Seoul, South Korea Nara Building, Seoul, South Korea Strategy Fund Planning and Administration Investor Reporting Equity Raising Strategy Acquisitions, Asset Management and Dispositions Asset Planning and Administration Equity raising Monthly Pricing Fund Financial Administration Taxation Company Secretarial