M&G Investor Presentation — August 2022

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2022 Half Year Results

11 August 2022Disclaimer

This presentation ismade byM&G plc(‘M&G’) .Forthepurposes ofthis notice, ‘presentation’ shall mean and include thedocument that follows and any oral presentation, any question -and-answer session and any other written

ororal material delivered ordistributed byM&G inconnection with it.

This presentation may contain certain ‘forward -looking statements’ with respect toM&G and itsaffiliates (the ‘M&G Group’), itsplans, itscurrent goals and expectations relating tofuture financial condition, performance, results,

operating environment, strategy and objectives .Statements that arenothistorical facts, including statements about M&G’s beliefs and expectations and including, without limitation, statements containing thewords ‘may’, ‘will’,

‘should’, ‘continue’, ‘aims’, ‘estimates’, ‘projects’, ‘believes’, ‘intends’, ‘expects’, ‘plans’, ‘seeks’, ‘outlook’ and ‘anticipates’, and words ofsimilar meaning, areforward -looking statements .These statements arebased onplans,

estimates and projections asatthetime they aremade, and therefore persons reading this announcement arecautioned against placing undue reliance onforward -looking statements .

Bytheir nature, forward -looking statements involve inherent assumptions, riskand uncertainty, asthey generally relate tofuture events and circumstances that may bebeyond theM&G Group’s control .Anumber ofimportant

factors could cause M&G’s actual future financial condition orperformance orother indicated results todiffer materially from those indicated inany forward -looking statement .Such factors include, butarenotlimited to,UK

domestic and global economic and business conditions ;market -related conditions and risk, including fluctuations ininterest rates and exchange rates, corporate liquidity risk and thefuture trading value oftheshares ofM&G ;

investment portfolio -related risks, such asthe performance offinancial markets generally ;the policies and actions ofregulatory authorities, including, forexample, new government initiatives ;the impact ofcompetition,

economic uncertainty, inflation and deflation ;theeffect onM&G’s business and results from, inparticular, mortality and morbidity trends, longevity assumptions, lapse rates and policy renewal rates ;thetiming, impact and other

uncertainties offuture acquisitions orcombinations within relevant industries ;the impact ofinternal projects and other strategic actions, such astransformation programmes, failing tomeet their objectives ;the impact of

operational risks, including riskassociated with third party arrangements, reliance onthird party distribution channels and disruption totheavailability, confidentiality orintegrity ofM&G’s ITsystems (orthose ofitssuppliers) ;the