Company Also to Discuss Retirement Realities at Nonprofit Conference

Prudential Financial, Inc. (NYSE: PRU) will sponsor the 2008 Nonprofit Sector Stewardship Awards on Thursday, October 16 during the North Carolina Center for Nonprofits’ (NCCN) annual Statewide Conference at the Raleigh Convention Center.

The Nonprofit Sector Stewardship Awards recognize nonprofits that demonstrate exemplary stewardship of the resources entrusted to them and high standards of accountability and ethics. “We proudly sponsor NCCN’s Stewardship Awards and the work NCCN does to nurture and support effective management of non-profit organizations that provide invaluable services to individuals and families in communities throughout North Carolina,” said Gabriella Morris, vice president and head of Community Resources at Prudential.

During the conference, Prudential Retirement will offer an interactive forum, Retirement Realities 2008: Are You Ready? Is Your 403(b) Plan Compliant? between 3:45 p.m. and 5:00 p.m. on Thursday, October 16 on Level 3, room 302A in the Convention Center. Prudential Retirement representatives, Tim Bryan, vice president and registered representative, and Lynn Whitmore-Christiano, senior retirement plan consultant, Regulatory and Consulting Services, will be on hand to address critical financial and compliance issues facing plan sponsors today.

“It is important for nonprofits to offer retirement benefits to their dedicated workers. We keep organizations up-to-date on the laws related to retirement and on many other issues that are changing. Legal compliance is just one essential part of their ability to continue providing invaluable services to the people of North Carolina,” said Jane Kendall, president of the N.C. Center for Nonprofits.

Prudential’s forum will address the three biggest risks to retirement security and suggest ways to minimize those risks. In addition, Bryan and Whitmore-Christiano also will focus on how non-profit organizations can avoid potentially significant liability and risk when the landmark regulatory changes to 403(b) retirement plans become effective in January, 2009.

“We applaud the N.C. Center for Nonprofits’ focus on ensuring its members and their constituencies obtain the information they need to help them achieve a more secure retirement,” said Christine Marcks, president, Prudential Retirement.