AMP LIMITED — Annual Report 2010

Mar 23, 2011

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ASX Announcement
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24 March 2011

Manager Manage r Company Announcements Office Market Information Services Section Australian Securities Exchange New Zealand Stock Exchange Level 4, 20 Bridge Street Level 2, NZX Centre, 11 Cable Street Sydney NSW 2000 Wellington New Zealand

Announcement No: 17/11

AMP Limited (ASX/NZX: AMP)

(Also for cross-release to AMP Group Finance Services Limited (ASX: AQNHA; NZX: AQN010)

Part 1: Annual Report 2010

Part 2: Shareholder Review 2010

Part 3: Notice of Annual General Meeting 2011 and Proxy Form

AMP Limited (AMP) ASX Announcement

AMP Limited Level 24, 33 Alfred Street Sydney NSW 2000 Australia ABN 49 079 354 519

2010 shareholder revıew

A summary of AMP’s 2010 financial results

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Our 2010 performance

Full year profi t

$ million

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Profi t
Underlying profi t ▼ 2%
of $760 million
Profi t attributable to ▲ 5%
shareholders of $775 million 2006 2007 2008 2009 2010
Underlying profi t
Profi t attributable to shareholders
Other performance measures
Value of risk insurance new business increased by $6m to $108m
This was a result of higher sales in Australia and New Zealand
Net cashfl ows for AMP Financial Services were down to $789m from $1,661m in 2009
These were impacted by cautious investors and reduced contribution caps for superannuation
Net cashfl ows for AMP Capital Investors increased to $2.6b from –$1.1b in 2009
This was a result of strong infl ows from Asian and Australian institutional clients
63 per cent of AMP Capital Investors’ funds met or exceeded their benchmark in 2010
This was a relatively steady result, but still below our target of 75 per cent
Underlying return on equity decreased 5.4 percentage points to 26.2 per cent
This is a high return on equity that was impacted by our prudent capital management approach
Dividends and payments to shareholders
cents per share
Dividend
Final dividend of
15 cents per share
This brings the total dividend for 2010
to 30 cents per share, steady on 2009.
The fi nal dividend will be 60 per cent
franked and will be paid on 8 April 2011.
2006 2007 2008 2009 2010
Final dividends 2 cent Cobalt sale
Interim dividends Capital return
985
915 882
806 810 772 739 760 775
580
22
21 40 40 16
16 15
22 22
19
14 15
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Unless otherwise specifi ed, all amounts are in Australian dollars. Information in the review is current as at 2 March 2011.

AMP Limited ABN 49 079 345 519

Who we are

AMP is a leading wealth management company. Founded in 1849, AMP has played a substantial role in shaping modern Australia and New Zealand by helping millions of customers build fi nancial security, providing protection for families and assets, and fi nancing property and infrastructure projects.

Our 2,100 plus fi nancial planners, together with over 3,700 AMP employees, now serve the fi nancial needs of more than 3.8 million retail customers in Australia and New Zealand.

What we do

By delivering the right balance of security and performance, AMP helps its customers and clients own their tomorrows through:

• fi nancial planning and advice

• superannuation, retirement income and other investment products for individuals

• superannuation services for businesses and employer-sponsored schemes

• income protection, disability, general and life insurance

• selected banking products

• investments including shares, fi xed interest, property and infrastructure.

Where our earnings come from

Wealth management Financial advice, superannuation and investment products 36% 12% Banking Home loans and bank deposit accounts 6% 8 ~~%~~

Investment management (AMP Capital Investors) Investments in shares, fixed interest, property and infrastructure

New Zealand

Financial advice, superannuation and insurance products for New Zealand customers

Insurance Life insurance, income protection and trauma insurance for Australian customers

Closed products

Insurance and superannuation products no longer sold by AMP but still managed for our customers

AMP Shareholder Review 2010 > 1

Message from the Chairman, Peter Mason

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Chairman

AMP fi nished the year in a strong position

We have used our fi nancial strength and discipline to respond to regulatory and industry change, and at the same time develop our products and services, and take investment opportunities.

We delivered solid profi ts while also investing signifi cantly in growth.

Our merger with AXA Asia Pacifi c Holdings (AXA APH) means our combined businesses will be more competitive. The merger is an opportunity to deliver benefi ts to the shareholders of both companies, and to change the fi nancial services landscape in Australia and New Zealand for the better.

Dividend

The board has declared a fi nal 2010 dividend of 15 cents per share. This dividend will be 60 per cent franked and represents a dividend pay out ratio of 83 per cent of underlying profi t which is within our target range of 75–85 per cent of underlying profi t. This brings your total 2010 dividend to 30 cents per share.

Capital strength

The company’s capital position strengthened and, by the end of 2010, we held $1.5 billion in capital above minimum regulatory requirements. This is an increase of $240 million from 31 December 2009.

We continue to take a prudent approach to capital management and we are biased

towards holding some excess capital, particularly given changing prudential standards.

Board

In June 2010, Catherine Brenner joined the AMP Limited Board as a Non-executive Director. Catherine brings signifi cant fi nancial services experience. She has been a Non-executive Director of AMP Life since May 2009.

Following the merger with AXA APH, Richard (Rick) Allert, AXA APH Chairman, and Patricia (Patty) Akopiantz, AXA APH Non-executive Director, will stand for election at our next Annual General Meeting.

After 11 years on our board, Richard Grellman has announced his retirement as a Director of AMP at the end of the next Annual General Meeting. We greatly appreciate the service he has given and the contribution he has made to AMP.

Conclusion

The investments we’ve made in our business position us well to adapt to the changing regulatory landscape and lay the foundations for long-term shareholder value.

Peter Mason AM Chairman

2 > AMP Shareholder Review 2010

Message from the Chief Executive Offi cer, Craig Dunn

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AMP delivered an underlying profi t of $760 million in a challenging operating environment.

2010 fi nancial performance

While underlying profi t was down two per cent on 2009, we delivered a solid performance in a year when we also implemented a number of substantial change initiatives to position our business to deliver future growth and long-term shareholder benefi ts.

The results refl ect good cost control and encouraging sales momentum across many areas of the business, including net cashfl ows from AMP Capital’s external clients both here and in Asia, and from our new products like AMP Flexible Super.

Business transformation

During 2010 we made good progress towards reshaping our company for the future. Today we offer customers simpler, more transparent products for almost every need and budget; an increasingly international range of investment opportunities; and fi nancial advice without commissions on new superannuation, retirement and investment advice. Customers can access products and services in more ways, and through AMP Capital Investors, in more geographies.

Growth strategy and outlook

We have been clear about the strategy we’re pursuing to reshape AMP and

position it for stronger growth as the markets recover – to renovate our core business while moving into new markets and geographies and using targeted mergers and acquisitions to accelerate parts of our growth strategy.

The investments we’ve made in our business are delivering encouraging outcomes including:

• a more professional, productive planner force that is growing faster than the market

• quality products that respond to customers’ needs

• growing cashfl ows from international customers.

Conclusion

Despite the tough operating environment in 2010, we made considerable progress towards building a new AMP – an AMP that is more competitive, customer-focused and ready for the future. Our continued commitment to transform our business, coupled with the merger with AXA APH, has set the scene for an exciting growth story for our company.

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Craig Dunn

AMP Shareholder Review 2010 > 3

AMP Financial Services

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“We’ve delivered a substantial change program right across our business, to position it well for market recovery.”

Managing Director, AMP Financial Services

What we do

AMP Financial Services provides customers in Australia and New Zealand with:

• fi nancial planning and advice

• superannuation, retirement income and other investment products for individuals

• superannuation services for businesses and employer-sponsored schemes

• income protection, disability, general and life insurance

• selected banking products.

Our business

Operating earnings

Wealth management

Helping people save for their retirement through superannuation and financial advice

Wealth protection

Helping people protect their families financially in times of tragedy through life, income protection and trauma insurance

Banking

Helping customers buy their own homes and save for the future

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9%
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New Zealand

Helping customers save for the future and protect their families financially in times of tragedy

Closed products

These products are no longer sold, however they continue to protect our customers and help them save

4 > AMP Shareholder Review 2010

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Operating earnings

$ million

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06 07 08 09 10
663 637 647 639
607
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Our progress in 2010

In 2010 we reshaped our business to ensure we are ready for the changes happening in our industry. We’ve introduced:

• a fee-for-advice business model across our 880 Australian fi nancial planner practices, with New Zealand to follow in 2011

• – no commissions on new superannuation, pension and investment products in Australia

• a competitive new product range designed to meet customers’ and planners’ needs, and regulatory requirements

• more ways to sell our products

• more planners to our network.

2010 key achievements

• In Australia, our fi nancial planner numbers increased by 45 to 1,812.

• 81 fi nancial planners graduated from our fi nancial planning academy.

• We launched AMP Flexible Super, a simpler superannuation and retirement product, with low cost options.

• Bank deposits increased by 23 per cent to $4.8b.

• We opened our fi rst walk-in fi nancial planning centre in Parramatta, NSW.

• We partnered with Bendigo Bank and Adelaide Bank to provide life insurance through their branches.

Our plans for 2011

We’re focused on growing by providing more ways for customers to access our products and advice and by creating even more compelling products and services for customers. We will be doing this by welcoming more planners, increasing the productivity of our planners and introducing new ways of selling products.

AMP Shareholder Review 2010 > 5

AMP Capital Investors

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“Our business has delivered a resilient set of results with solid fee growth and we are continuing to strengthen our presence in Asia.”

Managing Director, AMP Capital Investors

What we do

AMP Capital Investors is one of Australia and New Zealand’s leading specialist investment managers, managing over $98 billion in assets for investors. With a team of over 250 in-house investment professionals and a carefully selected network of investment partners, AMP Capital Investors invests in shares, fi xed interest, property, infrastructure and private equity.

Our business

Funds under management

Australian equities

Investments in companies listed on the Australian Stock Exchange

International equities

International equities 2% Investments in companies listed on international 20% stock exchanges 16% Fixed interest 1% Investments in government 5% bonds, corporate debt, 3 ~~3~~ % mortgages and similar instruments which offer regular interest payments

In most cases, AMP Capital Investors directly manages the underlying assets in each asset class, however in some cases the management is outsourced to other companies.

Alternative assets

Investments that fall outside traditional asset classes including commodities and absolute return funds

Property

Investments in offices, retail complexes, residential and industrial properties e.g. Knox Shopping Centre in Melbourne and City Recital Hall at Angel Place in Sydney

Direct investments

Private investments in individual companies

Infrastructure

Investments in roads, airports, pipelines and other projects which provide regular income e.g. Melbourne Airport and the Dampier to Bunbury Pipeline

6 > AMP Shareholder Review 2010

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Operating earnings

$ million

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06 07 08 09 10
150
136
115
91 87
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Our progress in 2010

• As a result of signifi cant investment in our business over the past two years we have:

• increased the amount of money we now invest for local and international clients, particularly from Asia

• grown our presence in Asia

• installed market-leading operating systems and processes

• introduced stronger talent and development programs.

2010 key achievements

• We sourced $1.7b in new funds from international clients.

• – We attracted $800m in new investments from domestic clients, principally in property and infrastructure.

• We launched a new Global Listed Infrastructure Fund.

• We launched a new Infrastructure Debt Fund.

• – We successfully migrated our business to our new operating system.

Our plans for 2011

Our plan is to be a leading investment manager in the Asia-Pacifi c region, offering a wide range of investment opportunities. We will do this by:

• strengthening our property, infrastructure and listed assets capabilities

• expanding into selected markets, particularly in Asia

• – undertaking targeted mergers, acquisitions and alliances when they will help strengthen our growth strategy.

AMP Shareholder Review 2010 > 7

AMP strategy

We are positioning the business to succeed in a changing wealth management world

Our ongoing investment in growth is enabling us to respond quickly to changing regulatory requirements and consumer expectations

Our fi ve key areas for growth

1. Growing planner capacity and broadening distribution.

• 2 . Expanding to Asia through AMP Capital Investors.

• 3 . Growing customers in high-value segments.

• 4 . Reshaping AMP Capital Investors into a high value-add investment manager.

• 5 . Investing in key parts of the business which underpin a strong and growing company e.g. brand, technology, people and new growth areas.

2011 is about ensuring the changes we’ve made help our businesses grow faster

• It’s about attracting, retaining and building deeper relationships with more customers and clients to service a greater share of their business.

• It’s about reaching more customers and clients across Australia, New Zealand and selected markets in Asia, with our competitive products, funds, advice and services.

• This means making our products, funds, advice and services more relevant, fl exible and contemporary, and fi nding more ways to offer them to new and existing customers and clients.

Our merger with AXA Asia Pacifi c Holdings (AXA APH) will enable us to accelerate signifi cant parts of our growth strategy. We believe a combined AMP and AXA APH will provide a new competitive force in fi nancial services for consumers.

8 > AMP Shareholder Review 2010

AMP outlook

AMP is strongly positioned in attractive, high growth markets and well placed to benefi t from a market recovery

In the short term

• While it’s diffi cult to predict what will happen in the short term, we are seeing some signs of a global recovery, though we expect some volatility to continue for a while yet.

Over the medium term

• We continue to be very positive about the Australian economy, our industry and the investment management market in Asia, particularly given the work we have done to reshape our business.

Australia’s superannuation market is expected to grow from $1.2 trillion to $3.1 trillion in the next 10 years

The Australian superannuation market

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June 2010 June 2020
Total $1,227b Total $3,067b
Corporate
Retail 28% 5% Retail 3 4% Corporate
Public
Industry 18% 14% sector
3%
3%
Industry 22%
Self 3 2%
managed superannuation Other 12% Public sector
funds
Self 28%
2%
Source: APRA Superannuation managed
Statistics, June 2010 and DEXX&R superannuation
Market Projections Report, June 2010 funds Other
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AMP Shareholder Review 2010 > 9

The AMP Limited Board

Further information on the AMP Limited Board of Directors can be found at www.amp.com.au and in the AMP Annual Report 2010.

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Peter Mason AM Chairman BCom (Hons), MBA, Hon.DBus (UNSW), FAICD

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Craig Dunn Chief Executive Offi cer/ Managing Director BCom, FCA

Chairman since September 2005 and Director since October 2003, Peter is a member of the People and Remuneration Committee and the Nomination Committee.

Peter has 40 years experience in investment banking and is currently a Senior Advisor to UBS Investment Bank. He is a Director of Singapore Telecommunications, David Jones, the University of New South Wales Foundation, Headspace National Youth Mental Health Foundation and a member of the Takeovers Panel.

Managing Director and Chief Executive Offi cer since January 2008, Craig is a Director of AMP Life and AMP Capital Investors.

Prior to becoming CEO, Craig was Managing Director, AMP Financial Services from 2002–2007. He is an Advisory Board Member with the Government’s Financial Literacy Foundation, a member of the Government’s Financial Services Advisory Committee, a Leader’s Forum member of the Australian Institute for Population Ageing and a research member of the Government’s Australian Financial Centre Forum.

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Catherine Brenner BEc, LLB, MBA

Director since June 2010, Catherine is a member of the Diversity Advisory Committee, a Director of AMP Life and a member (and former Chairman) of the AMP Life Audit Committee.

Catherine was formerly Managing Director, Investment Banking at ABN AMRO with experience in both corporate advisory and equity capital markets. She is a Director of Boral, Coca-Cola Amatil and the Australian Brandenburg Orchestra, a Trustee of the Sydney Opera House Trust and a member of the Takeovers Panel.

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Brian Clark DSc

Director since January 2008, Brian is a member of the Nomination Committee, Diversity Advisory Committee and People and Remuneration Committee. He is Chairman of the AMP Capital Investors Board and a member of its Audit Committee.

Brian has held a variety of senior roles at telecommunications companies, most recently in the United Kingdom as Group Human Resources Director for Vodafone. He is a Director of Boral.

10 > AMP Shareholder Review 2010

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Paul Fegan MBA

Director since August 2009, Paul is Chairman of the Audit Committee and a Director of the AMP Bank Board.

Paul has over 30 years experience in the fi nancial services industry and is currently Group Managing Director, Strategy and Corporate Services with Telstra. He was previously Chief Executive Offi cer of St George Bank.

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John Palmer ONZM BAgrSc, FNZID

Director since July 2007, John is Chairman of the People and Remuneration Committee, a Director of AMP Life, and a member of the AMP Life Audit Committee. John has extensive experience as a director and chairman of companies in the agricultural and fi nance sectors. He is Chairman of Air New Zealand and Solid Energy NZ and a Director of Rabobank Australia and Rabobank New Zealand.

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Professor Peter Shergold AC BA (Hons), MA, PhD

Richard Grellman AM FCA

Director since March 2000, Richard is a member (and former Chairman) of the Audit Committee and a member of the Nomination Committee. He is Chairman of AMP Life, a member (and former Chairman) of the AMP Life Audit Committee and a member of the AMP Capital Investors Audit Committee.

Richard has over 32 years of experience in the accounting profession and was most recently a partner of KPMG. He is a Director of Bisalloy Steel Group and Chairman of the Association of Surfi ng Professionals, the Bible Society Australia and the Centre for Public Christianity.

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Dr Nora Scheinkestel LLB (H ons), PhD, FAICD

Director since September 2003, Nora is Chairman of the Nomination Committee and the Diversity Advisory Committee, a member of the Audit Committee, a Director of AMP Bank and a member of its Audit Committee. She is a Director of AMP Capital Investors and a member (and former Chairman) of its Audit Committee.

Nora was formerly a senior banking executive in international and project fi nancing and currently runs a consulting practice and assists government, corporate and institutional clients in areas such as corporate governance and project and structured fi nance. She is a Director of Orica, Pacifi c Brands and Telstra, an Associate Professor at the Melbourne Business School at Melbourne University and a member of the Takeovers Panel.

Director since May 2008, Peter is a member of the Audit Committee, the Diversity Advisory Committee and a Director of AMP Life.

Peter holds the Professorial Chair of the Centre for Social Impact and is Chancellor and Chair of the board of trustees of the University of Western Sydney. Peter is Chairman of QuintessenceLabs, the National Centre for Vocational Education Research and the Ministerial Expert Advisory Group on Gambling. He is a Director of Corrs Chambers Westgarth, the General Sir John Monash Foundation and the National Centre for Indigenous Excellence.

AMP Shareholder Review 2010 > 11

Board, CEO and executive remuneration

Below, and over the page, is information on the remuneration received by members of the AMP Limited Board and management team in 2010 and 2009. Further information on remuneration can be found in the AMP Annual Report 2010.

CEO and executives	Short-term employee benef ts Cash salary $’000 Short-term incentive $’000	Post- employment benef ts Super- annuation benef ts $’000	Subtotal $’000 Value of share-based payments and other long- term incentive benef ts $’000 Grand total $’000	Subtotal $’000 Value of share-based payments and other long- term incentive benef ts $’000 Grand total $’000	Subtotal $’000 Value of share-based payments and other long- term incentive benef ts $’000 Grand total $’000
Craig Dunn Managing Director and CEO 2010 2009	1,385 1,386 1,960 2,100	15 14	3,360 3,500	2,109 1,508	5,469 5,008
Craig Meller Managing Director, AMP Financial Services 2010 2009	910 911 1,320 1,350	15 14	2,245 2,275	916 671	3,161 2,946
Stephen Dunne Managing Director, AMP Capital Investors 2010 2009	910 911 925 950	15 14	1,850 1,875	920 728	2,770 2,603
Paul Leaming Chief Financial Off cer 2010 2009	915 916 840 875	15 14	1,770 1,805	933 747	2,703 2,552
Lee Barnett Chief Information Off cer 2010 2009	678 679 650 720	15 14	1,343 1,413	690 538	2,033 1,951

12 > AMP Shareholder Review 2010

	Short-term employee benef ts Cash salary $’000 Short-term incentive $’000	Short-term employee benef ts Cash salary $’000 Short-term incentive $’000	Post- employment benef ts Super- annuation benef ts $’000	Subtotal $’000 Value of share-based payments and other long- term incentive benef ts $’000 Grand total $’000	Subtotal $’000 Value of share-based payments and other long- term incentive benef ts $’000 Grand total $’000	Subtotal $’000 Value of share-based payments and other long- term incentive benef ts $’000 Grand total $’000
	Cash salary $’000
Brian Salter General Counsel and Company Secretary 2010 2009	685 686	760 660	22 14	1,387 1,360	576 249	2,043 1,609
Matthew Percival General Manager, Public Affairs 2010 2009	498 499	650 505	15 14	1,163 1,018	518 425	1,681 1,443
Fiona Wardlaw1 General Manager, Human Resources 2010 2009	565 566	475 570	15 14	1,055 1,150	510 249	1,565 1,399
Jonathan Deane General Manager, Strategy 2010 2009	460 461	425 450	15 14	900 925	423 251	1,323 1,176
Total 2010 2009	7,006 7,015	8,005 8,180	142 126	15,073 15,321	7,595 5,366	22,748 20,687

Footnote:

• 1 Fiona Wardlaw’s restricted share amount relates to a $100,000 award of restricted shares in 2008, with half of these shares having vested in 2010 (two years after her commencement date), and the remaining shares vesting in 2011 (three years after her commencement date).

AMP Shareholder Review 2010 > 13

Board, CEO and executive remuneration continued

Directors of AMP Limited Short-term benef ts AMP Limited Board and committee fees1 $’000 Fees for other group boards and additional board duties1,2 $’000 Other short-term benef ts $’000	Post- employment benef ts	Total $’000	Number of AMP shares held
	Super- annuation $’000
Peter Mason Chairman 2010 2009 550 550 30 20 – –	15 31	595 601	414,811 367,835
Catherine Brenner3 2010 2009 87 – 102 57 3 –	17 5	209 62	27,634 –
Brian Clark 2010 2009 182 175 123 103 6 6	28 26	339 310	32,482 23,612
Paul Fegan 2010 2009 177 70 58 – 6 2	22 7	263 79	14,505 7,182
Richard Grellman 2010 2009 205 198 184 164 6 6	36 33	431 401	58,425 48,143
John Palmer4 2010 2009 194 183 98 109 6 6	27 25	325 323	49,621 39,819
Nora Scheinkestel 2010 2009 190 190 143 98 6 6	31 26	370 320	96,472 84,123
Peter Shergold 2010 2009 175 175 85 85 6 6	24 24	290 290	22,031 13,728
Total 2010 2009 1,760 1,541 823 636 39 32	200 177	2,822 2,386

Footnotes:

• 1 Details of the non-executive directors’ committee memberships and directorships of subsidiary boards are provided in the AMP Annual Report 2010 and on the page opposite.

• 2 Relates to additional work performed for an AMP Limited Board sub-committee.

• 3 Catherine Brenner was appointed to the AMP Limited Board on 16 June 2010. The remuneration shown above includes fees paid to her as a Director of AMP Life Limited from 1 May 2009.

• 4 2009 fees include NZ$30,000 as a member of the AMP New Zealand Finance and Risk Committee.

14 > AMP Shareholder Review 2010

AMP Limited Board committees

Below is information on the committees of the AMP Limited Board. Further information on the committees can be found in the AMP Annual Report 2010.

Paul Fegan (Chairman)	The	Audit Committee is responsible for:
Richard Grellman	–	the integrity of AMP Limited’s f nancial statements
Nora Scheinkestel	–	the performance and independence of the external audit
Peter Shergold	–	the effectiveness of the business risk management
		framework including compliance and internal controls
	–	AMP group’s insurance program.

John Palmer (Chairman)	The	People and Remuneration Committee is responsible for:
Brian Clark	–	the effectiveness, integrity and legal compliance of
Peter Mason		remuneration programs
	–	the annual review and recommendation of total
		remuneration package, performance objectives and
		performance appraisals for the CEO, the CEO’s direct
		reports and other employees whose activities may
		affect the f nancial soundness of the AMP group
	–	review and recommendation of AMP’s remuneration policy
	–	recommendation of short-term incentive (STI) plan
		performance measures and size of the AMP group STI pool.

Nomination Committee
Nora Scheinkestel (Chairman)	The	Nomination Committee is responsible for:
Brian Clark	–	the appointment of directors to the AMP Limited Board
Richard Grellman		and subsidiary boards
Peter Mason	–	succession planning for the board
	–	board performance reviews
	–	director remuneration
	–	continuing education for directors.

AMP Shareholder Review 2010 > 15

Information for shareholders

AMP’s 2011 Annual General Meeting (AGM) will be held at 10am (Australian Eastern Standard Time) on Thursday 12 May 2011 at the City Recital Hall, Angel Place, Sydney NSW. The meeting will be webcast via the website: www.amp.com.au/agm

Full details of the 2011 AGM are in the Notice of Meeting which can be found at www.amp.com.au/shareholdercentre

8 April Payment date for the 2010 fi nal dividend 12 May Annual General Meeting 18 August 2011 half year fi nancial results announced 14 October Payment date for the 2011 interim dividend

www.amp.com.au/shareholdercentre

Our website provides you with access to your shareholding and important information about your shares. On the website you can:

• login to view your latest dividend statement

• update your bank account and address details

• elect to receive your AMP shareholder communications online

• – see the AMP share price on both the ASX and NZX

• read the latest news and reports from AMP.

The full AMP Annual Report 2010 can be found at www.amp.com.au/2010annualreport

16 > AMP Shareholder Review 2010

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