Prudential Relocation Named Human Resources Outsourcing Relocation Provider of the Year; Prudential Relocation Recognized for Global Leadership

Business Wire, May 23, 2006

PHOENIX -- Prudential Relocation, a Prudential Financial (NYSE: PRU) company, today announced that it was awarded the prestigious title of "Relocation Provider of the Year" by the Human Resources Outsourcing Association (HROA(R)). Margery Marshall, president of Prudential Relocation, accepted the award at the 4th Annual NY HR Week '06 recently held in New York City and attended by nearly 3,000 industry leaders.

"Being honored as the top relocation provider for 2005 holds special significance for Prudential Relocation, especially coming from the leading organization on human resources outsourcing," said Marshall. "As the dynamics of international business is changing, the evolution of human resource outsourcing has changed the way companies do business and providers offer services. We are constantly pushing ourselves to offer the most innovative tools and provide our clients with the right resources and advice."

"Prudential Relocation has made bold investments in its BPO model bringing better measurement, reporting, and governance to its own services while also helping spread best practices through sponsorship and contributions to programs designed to advance our professional standards." said Richard Crespin, executive director of the HROA. "We are delighted to name Prudential Relocation as our Relocation Provider of the Year as they share our commitment to the advancement of best practices in the human resources outsourcing industry."

The HROA Awards, presented at an annual gala, recognize individual and corporate achievements in various areas of the HRO industry. The HROA Relocation Provider of the Year award is presented to the company who has prevailed as the industry leader in relocation services through thought leadership, service delivery, customer satisfaction, technology tools, and customer service.

The HROA is the professional association representing the individuals and organizations interested or directly involved in the HR Outsourcing industry. The HROA is committed to promoting communication, the exchange of information and the advancement of the industry via public policy, research, benchmarking, standardized metrics, best practices, case studies, and online and offline networking and knowledge-sharing events. For more information, please go to: www.hroassociation.org.

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.