Prudential Relocation Opens Office in Beijing; Prudential Relocation's Third China Office Provides Better Service for Clients.

PHOENIX -- Prudential Relocation, a Prudential Financial (NYSE: PRU) company, recently opened its third office in China to support the company's expanding relocation services business.

"We are thrilled to announce our newest location in China," said Margery Marshall, president of Prudential Relocation. "As we tell our clients, in order to successfully conduct business in China, it's important to have employees on the ground. The expansion is a cornerstone of our business strategy - to be the dominant relocation services provider in China, offering the best relocation and assignment management services in the world's fastest growing country."

Nicole Paulson Washko, Country Manager for Prudential Relocation's operations in China, heads the new office. Paulson-Washko has nearly a decade of experience working with multi-national firms in the country specializing in the area of workforce development and relocation. She is a Mandarin speaker and also has responsibility for Prudential Relocation's offices in Shanghai's Puxi and Pudong. According to Paulson Washko, "The Prudential Relocation offices in China are wholly owned foreign enterprises. As a result, we can bill service fees in local currency and we can provide Chinese tax receipts, which benefits our clients in the financial management of their moves."

Marshall added, "Shanghai and Beijing are two vital markets in China, but for different reasons. Shanghai is the business center of China and the number one destination for expatriates moving to the country. Beijing is the government center and the number two destination for expatriates. Having an office in both locations enables us to better serve our clients and their employees who are doing business in China."

"Prudential Relocation now has one of the largest footprints across Asia of any major relocation services company," said Marshall. "With offices in Beijing, Singapore, Shanghai, Hong Kong, Tokyo and Taipei, we are uniquely positioned to service clients in the fastest growing region of the world."

Prudential Relocation provides comprehensive global relocation services to corporations worldwide. With locations in the United States, Canada, United Kingdom, France, Mexico, Hong Kong, Singapore, Taiwan, Japan and China, Prudential Relocation - which operates as Pricoa Relocation in Asia and Europe - offers a broad menu of services critical to the relocation of clients' employees, including coordination of intra- and inter-country relocations, international assignment management, intercultural training, global business consulting, appraisal, inspection and sale of relocating employees' homes, equity advances to relocating employees, assistance in locating a home at the relocating employee's destination, global household goods moving services and client cost-tracking and a variety of relocation policy and group move consulting services, and more. For more information about Prudential Relocation, visit www.prudential.com/relocation.

Prudential Financial companies, with approximately $547 billion in total assets under management as of March 31, 2006, serve individual and institutional customers worldwide and include The Prudential Insurance Company of America, one of the largest life insurance companies in the United States. These companies offer a variety of products and services, including life insurance, mutual funds, annuities, pension and retirement-related services and administration, asset management, banking and trust services, real estate brokerage franchises, relocation services and, through a joint venture, retail securities brokerage services. For more information, visit www.prudential.com.