Prudential announces plan to separate Jackson in Q2 2021 through demerger; Steven A Kandarian appointed Jackson Non-Executive Chair · Proposed demerger would accelerate Jackson separation and complete Prudential s transformation to focus exclusively on its high-growth Asia and Africa businesses · Former MetLife CEO Steven A Kandarian to serve as Non-Executive Chair of Jackson, effective 1 February 2021 · Jackson RBC ratio expected to be 425-450 per cent at point of separation following recapitalisation from debt raising · Prudential considering equity raise of around $2.5-3 billion to increase financial flexibility and take advantage of Asia growth opportunities · 2020 operating performance expected to be in line with current market expectations