Prudential Financial, Inc. Completes Public Offering of Common Stock

Prudential Financial, Inc. PRU today announced that it has completed a public offering of 18,348,624 shares of its common stock, resulting in net proceeds to the company of approximately $970 million. The company intends to use the net proceeds from the common stock offering to fund a portion of the purchase price for its previously announced acquisition of AIG Star Life Insurance Co., Ltd and AIG Edison Life Insurance Company from American International Group, Inc. This announcement does not constitute an offer to sell or the solicitation of any offer to buy the common stock, nor shall there be any offer or sale of the common stock in any jurisdiction in which such offer, solicitation or sale would be unlawful.