Prudential Annuities Appoints Michael Gillespie to Manage Bank Sales

Prudential Annuities, the domestic annuity business for Prudential Financial, Inc. (NYSE: PRU), announced today the appointment of Michael Gillespie as National Sales Manager for its Financial Institutions Team, formerly called the bank channel. Gillespie, a 21-year industry veteran, joins Prudential Annuities from Hartford’s Planco Financial Services, where he served as Vice President of the Mid-Atlantic Division managing the wirehouse, banks and independent channel sales teams. Both Gillespie’s appointment and the function name change are part of Prudential’s ongoing commitment to the distribution of annuities through financial institutions. Through continuing efforts focused on bolstering its presence in the channel, Prudential has earned a spot among the top 15 manufacturers among banks and credit unions. (VARDS, 1Q08) "Mike comes to us to with a solid reputation for results,” notes Rick Singmaster, vice president and director, National Sales for Prudential Annuities. "He possesses a wealth of experience, including valuable experience as a wholesaler. We are thrilled to be able to benefit from that expertise as he leads the Financial Institutions sales team in his new role.” Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $631 billion of assets under management as of March 31, 2008, has operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping approximately 50 million individual and institutional customers grow and protect their wealth. The company’s well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services. For more information, please visit http://www.news.prudential.com/. Annuities are issued by Pruco Life Insurance Company (in New York, by Pruco Life Insurance Company of New Jersey), Newark, NJ, or by Prudential Annuities Life Assurance Corporation, Shelton, CT. All are distributed by Prudential Annuities Distributors, Inc., Shelton, CT. All are Prudential Financial companies and each is solely responsible for its own financial condition and contractual obligations. Wachovia Corporation is the majority owner and Prudential Financial, indirectly through subsidiaries, is a minority owner of Wachovia Securities, LLC. Prudential Annuities is a business unit of Prudential Financial. Prudential, Prudential Financial, the Rock logo and the Rock Prudential logo are registered service marks of The Prudential Insurance Company of America and its affiliates. IFS-A148713 Ed. 06/2008