AMP LIMITED — Capital/Financing Update 2009

Sep 29, 2009

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30 September 2009

Manager Company Announcements Office Australian Stock Exchange Level 4, 20 Bridge Street Sydney NSW 2000

Manager Market Information Services Section New Zealand Stock Exchange Level 2, NZX Centre, 11 Cable Street Wellington New Zealand

Announcement No: 50/09

AMP Limited (ASX/NZX: AMP)

AMP completes Dividend Reinvestment Plan underwriting

AMP has taken advantage of stronger share market conditions to complete the underwriting of its current Dividend Reinvestment Plan (DRP) earlier than planned.

The completed underwriting program, through UBS AG, Australia Branch (UBS), has raised A$99.5 million through the sale and placement of 16 million AMP ordinary shares at an average price of A$6.22 per share.

While the underwriting pricing period was scheduled to run until 12 October 2009, AMP was able to use the improved market conditions to place the balance of the shares at a higher price than the daily volume weighted average sale price over the trading days since the pricing period opened on 16 September 2009.

The completion of the DRP underwriting will not affect the pricing of the shares to be issued to AMP shareholders under the DRP. This price will be a 2.5 per cent discount to the average of the daily volume weighted average sale price over the 19 trading days from 16 September 2009 to 12 October 2009.

Media enquiries Sarah Hudson +61 2 9257 2700 +61 424 034 059

Investor enquiries Howard Marks +61 2 9257 7109 +61 402 438 019

AMP Limited (AMP) ASX Announcement AMP Limited Level 24, 33 Alfred Street Sydney NSW 2000 Australia

ABN 49 079 354 519