DHFL PRAMERICA LIFE INSURANCE ANNOUNCES A CHANGE IN LEADERSHIP

CEO Designate Mr. Anoop Pabby formally appointed as the Company’s new Managing Director & CEO

Gurgaon- DHFL Pramerica Life Insurance Co. Ltd. (DPLI) has announced the appointment of Mr. Anoop Pabby as the new Managing Director & CEO of the Company.

Mr. Pabby has over 25 years of experience in the retail financial services sector including as Managing Director & CEO of Deutsche Postbank Home Finance Ltd. and President - Strategic Initiatives at Dewan Housing Finance Corporation Ltd. He has also held several senior management positions at Cholamandalam MS General Insurance Company Ltd. and Royal Sundaram Alliance Insurance Co. Ltd. He has vast operational and strategic experience in leading turn around challenges as well as successfully closing complex M&A transactions and subsequent integration exercises.

Commenting on his appointment, Mr. Pabby said, “I am excited about leading DHFL Pramerica. DPLI has been built on a strong foundation over the last 5 years and my intent is to take it from where it currently is, to a position where it is acknowledged as a strong and trusted player in the industry. Our focus will be on designing innovative products that best meet our customers’ needs, along with offering them high quality of advice and efficient service delivery. This I believe will help us become the preferred life insurance partner for our customers and distributors.”

Mr. Pabby took charge as DPLI’s CEO Designate in February this year and under his leadership, the Company has accelerated its performance over the last two months. It has reported a significant growth in premium collection and has also improved its industry ranking.

About DHFL Pramerica Life Insurance (DPLI)

DPLI is a joint venture between Dewan Housing Finance Corporation Ltd. (DHFL), India’s second largest private sector housing finance company and Prudential International Insurance Holdings, Ltd. (PIIH), a fully owned subsidiary of Prudential Financial, Inc. (PFI), a financial services leader headquartered in the U.S. DPLI represents the coming together of two renowned financial services organizations with a legacy of business excellence spread over decades. The life insurance joint venture agreement between the two partners was signed in July 2013.

DHFL Pramerica Life Insurance, which was earlier known as DLF Pramerica Life Insurance started operations in India on September 01, 2008 and has a pan India presence through multiple distribution channels which have been customized to address the specific insurance needs of diverse customer segments. The Company is committed to providing protection and quality financial advice to its customers.For further details, please visit www.dhflpramerica.com.

About DHFL

DHFL was founded in 1984 by Late Shri Rajesh Kumar Wadhawan with a vision to provide financial access to the lower and middle income segments of the society. Today, led by Mr. Kapil Wadhawan, CMD, DHFL, the Company is one of India’s leading mortgage finance institutions with presence in over 450 locations across the country, in addition to representative offices in Dubai and London.

All through its years of growth, DHFL has stayed with its core vision of financial inclusion. The Company’s wide network, coupled with insights into local customer needs has enabled the Company to provide meaningful financial access to customers even in India’s smallest towns. With a strong business foundation, an extensive distribution network, proven industry expertise and a deep understanding of the Indian customer, DHFL is one of India’s largest financial services companies. For further details, please visit www.dhfl.com.

About PFI

Pramerica* is a trade name used by Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States, and its affiliated companies in select countries outside the United States. PFI (NYSE: PRU), a financial services leader with more than ,1 trillion of assets under management as of December 31, 2013, has operations in the United States, Asia, Europe and Latin America. PFI’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., PFI’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, a company incorporated in the United Kingdom.