Prudential Makes $5 Million Contribution to Rutgers Business School

Business Wire, April 17, 2008

NEWARK, N.J. -- Prudential Chairman Arthur F. Ryan today announced that Prudential has made a $5 million contribution to help establish a new home for Rutgers Business School - Newark and New Brunswick, including an endowed chair and a center dedicated to business ethics and leadership in the business, non-profit and philanthropic arenas.

"Under Art Ryan's leadership, Prudential has been an extraordinarily important force in the growth and revitalization of Newark," said Steven J. Diner, Provost, Rutgers-Newark. "In supporting our new business school campaign, Prudential has made a powerful statement about the importance of Rutgers Business School to the future economy of Newark and New Jersey. Art Ryan exemplifies the best of what leadership can accomplish in both the corporate and civic world, so it is especially gratifying to us that a portion of Prudential's gift will support a program of leadership development, ethics and entrepreneurship."

Dr. Michael R. Cooper, Dean of Rutgers Business School-Newark and New Brunswick, said, "We are especially honored to have Prudential - a company which exemplifies a long history of successful global business - stand up as our partner in building a new and important presence for Rutgers, as a premiere business school."

A Chair at Rutgers Business School will be endowed by $3 million of Prudential's contribution. The remainder of the company's $5 million contribution will go towards creating a center concerned with business ethics and business and philanthropic leadership.

"We are honored to take a leadership role in the creation of what will be a distinctive Business Center focused on business leadership, business ethics, and non-profit and philanthropic management," said Ryan, who recently retired as Prudential's CEO and plans to retire as Chairman next month. "The Business Center will offer a rich and rewarding educational experience to students who will shape the business environment of tomorrow and will be an innovative and distinctive resource for today's business leadership."

Prudential Financial, Inc.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $648 billion of assets under management as of December 31, 2007, 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 more than 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 www.prudential.com.

Rutgers Business School-Newark and New Brunswick

Rutgers Business School-Newark and New Brunswick is an integral part of one of the nation's oldest, largest, and most distinguished institutions of higher learning: Rutgers, The State University of New Jersey. It has been accredited since 1941 by AACSB International-the Association to Advance Collegiate Schools of Business -- a distinction that represents the hallmark of excellence in management education. Today, Rutgers Business School is educating more than 4,000 undergraduate and graduate students at two main campuses in New Jersey as well as six satellite locations in New Jersey, China, and Singapore. Steeped in academic excellence, with a distinguished faculty and a corps of over 25,000 successful alumni, Rutgers Business School is highly ranked by the Financial Times, U.S. News & World Report, Business Week, and The Wall Street Journal, and is recognized as one of the top three business schools in the greater New York City area. Alumni of the school include CEOs and CFOs of leading corporations in the United States and abroad. The school is home to numerous outreach and academic research centers. For additional information, visit www.business.rutgers.edu.