PRIVATE & CONFIDENTIAL

Edi Setiadi (myHR ID: 321615)

E - PRUhospital friend
PruMedical Network

No.1915/PLA-Compensation/HOD/III/2018
March 2018

Dear Edi Setiadi,

Prudential is a leading insurer franchise in Asia. Building on our trusted brand and leveraging on strong distribution, we continue to
invest and innovate for growth; while committing to our people, and delivering value for our customers and shareholders.

As the market leader in Indonesia, investing in growth and innovation is key. We want to further solidify our leadership by investing
into our distribution and by strengthening our customer centricity, expanding our Sharia offerings & business, enhancing our digital
capabilities as well as creating a stronger millennial-centric culture and positioning of PLA. These are key requirements for us to stay
relevant, and to also win and lead in 2018 and beyond.

Our People continue to be the pillar of our success. It is all of you who shape and create Prudential Indonesia. Let us continue to
embrace Diversity and a strong employee engagement as our key advantages; and let us continue to innovate, collaborate, deliver
excellence and care. With everyone’s strong commitment to our values and to continuous learning we all will make Prudential continue
to lead and shine in Indonesia.

This letter confirms the outcome of the annual Total Compensation review and also On the Double Award announced in December
2013. The details of your Total Compensation are summarised in the next page.

I would like to thank you for all of your hard work and contribution. Without your loyal support and commitment, we could never make
this happen. To this end, I am pleased to confirm that On the Double Award equivalent to 2 months of your basic salary (pro-rated for
2014-2016 new hires) will be awarded to you in addition to your 2017 Annual Incentive Bonus summarised in the next page. The total
incentive payment will be paid to you through the March 2018 payroll.

Once again, I would like to express my sincere and heartfelt gratitude for all of your hard work and contribution towards the On the
Double and the overall 2017 business achievement for PLA. I look forward to working with you during the coming years.

As a note of caution, this letter is a highly confidential matter which should not be openly shared with irrelevant parties. Your co-
operation is very much appreciated.

Yours Sincerely,

Nick Holder
Chief Operating Officer
Encl.
 Edi Setiadi (myHR ID: 321615)

Section 1: 2017 Performance Outcomes

Your 2017 performance rating is Effective.

Section 2: Reward Outcomes

2017 Individual Multiplier : 85%

2017 Business Achievement for PLA : 100%

1 2
Currency: IDR 2017 Annual Compensation (Gross) 2018 Target Compensation (Gross)

Annual Base Salary IDR 64,888,896 IDR 82,306,680

3
THR IDR 6,507,408 IDR 6,858,890

Annual Allowances IDR 13,200,000 N/A

Your position allowance will be built into basic salary
effective 1 April 2018.

Total Guaranteed 4 IDR 84,596,304 IDR 89,165,570

Annual Incentive Bonus IDR 13,788,890 IDR 20,576,670

5
(AIB) (Payout in March 2018 for Performance Year 2017) Your 2018 AIB Target Participation rate is 25%
6
(Payout in March 2019 for Performance Year 2018)

Total Variable Pay IDR 13,788,890 IDR 20,576,670

Total Compensation 7 IDR 98,385,194 IDR 109,742,240

On The Double Bonus

Pro-rate for new joiner between 1 January 2014 to 31 December 2016

2014-2017 “On-The-Double” IDR 6,062,515

 Edi Setiadi (myHR ID: 321615)

Notes:
1. Annualized compensation of 12 months basic salary, THR (if applicable) and 12 months allowances (if applicable) based on 31 December
2017. Please note that the calculation in this letter is flat based on data as of 31 December 2017 x 12

2. Annualized compensation of 12 months basic salary, THR (if applicable) and 12 months allowances (if applicable) based on 1 April 2018.
Please note that the calculation in this letter is flat based on data as of 1 April 2018 x 12

3. Actual payout of THR with 12 months’ continuous service at the time of Hari Raya Idul Fitri.

4. Total Guaranteed : Annual Basic Salary + Annual Fixed Allowance (if applicable) + THR (if applicable)

5. 2017 Discretionary AIB will be paid to you in March 2018, after any statutory and/or hypothetical tax deductions where appropriate. The AIB
payout is calculated based on the table below and pro-rated in accordance with the length of service in the respective Business Unit / Job
Grades. Unpaid leave for any of time is excluded for purposes of calculating AIB payout.

2017 Base salary Bonus target Individual multiplier Business achievement Pro-ration AIB Payout
(if applicable)

IDR 64,888,896 X 25% X 85% X 100% X 100% = IDR 13,788,890

6. 2018 AIB target payout is calculated based on above table with 100% being applied as the individual multiplier and business achievement.
Payout will be in March 2019 and actual payment will vary based on 2018 performance.

7. Total Compensation : Total Guaranteed + Variable Pay