M&G plc NEWS RELEASE

21 April 2023

M&G plc Board Changes and withdrawal of AGM resolution

M&G plc (the 'Company') today announces that Fiona Clutterbuck will be standing down from the Board at the Annual General Meeting on 24 May 2023 following her appointment as director and Chair of the Board of AJ Bell plc with effect from 1 May 2023.

Clare Thompson, Chair of the Audit Committee, will become interim Senior Independent Director. 

M&G Chair Edward Braham said:

"I would like to thank Fiona for her exceptional counsel and support over the last two and a half years. She has been a valued member of the Board and she leaves with our thanks and very best wishes.

"I am grateful to Clare for stepping up to become our Senior Independent Director while we look for a permanent replacement."

As the Company's Notice of Annual General Meeting 2023 (the 'Notice') has already been issued, the Company confirms that the resolution to re-elect Fiona Clutterbuck as a Director of the Company (Resolution 8 of the Notice) is now withdrawn. The withdrawal of Resolution 8 does not otherwise affect the validity of the Notice, the proxy form or any proxy votes already submitted on other resolutions.  The numbering of all other proposed resolutions at the Annual General Meeting will remain unchanged.

-Ends-

Contact:

Alan Porter, Group General Counsel and Company Secretary - 020 8162 4064

George Bayer, Deputy Company Secretary - PLC and Governance - 020 8162 2655

Jonathan Miller, Head of External Communication - 020 8162 1699

Notes to Editors:

About M&G plc

M&G plc is an international savings and investments business, managing money for around 5 million retail clients and more than 800 institutional clients in 26 markets. As at 31 December 2022, we had £342 billion of assets under management and administration. Our purpose is to help people manage and grow their savings and investments, responsibly.

With a heritage dating back more than 170 years, M&G plc has a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. We serve our retail and savings clients under the M&G Wealth and Prudential brands in the UK and Europe, and under the M&G Investments brand for asset management clients globally

LEI: 254900TWUJUQ44TQJY84

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