AMP LIMITED — Capital/Financing Update 2015

Nov 2, 2015

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3 November 2015

Manager Manager Company Announcements Office Market Information Services Section Australian Securities Exchange New Zealand Stock Exchange Level 4, 20 Bridge Street Level 24, NZX Centre, 11 Cable Street Sydney NSW 2000 Wellington, New Zealand Announcement No: 29/2015 AMP Limited (ASX/NZX: AMP)

AMP capital notes offer opens

Please refer to the attached document.

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Public Affairs

T 02 9257 6127 E media@amp.com.au W AMP.com.au/media

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

AMP_AU

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3 November 2015

AMP capital notes offer opens

AMP capital notes (capital notes) offer opens today for clients of syndicate brokers, eligible securityholders and members of the general public who are resident in Australia.

As announced on 29 October 2015, the size of the offer has increased to at least A$230 million from A$200 million and the margin determined under the bookbuild process is 5.10 per cent per annum over the bank bill rate.

The final size of the offer will depend on the volume of applications received and accepted under the securityholder offer and the general offer. AMP retains the right to scale-back applications.

The offer of capital notes is made in the replacement prospectus, lodged with ASIC and the ASX today.

Interested investors will be able to access the prospectus online at ampcapitalnotes.com.au or by requesting a prospectus by calling the numbers set out below. Anyone wishing to apply for capital notes will need to complete an application form attached to or accompanying the replacement prospectus.

There are risks associated with an investment in capital notes and investors should read the prospectus in full before deciding to invest. Potential investors should also consider obtaining guidance from their financial adviser or other professional adviser before deciding whether to invest.

For more information contact:

Capital notes information line 1300 338 164 (within Australia) +61 3 9415 4018 (outside Australia)

Monday to Friday—8.30am to 5.30pm (Sydney time)

Media enquiries

Julia Quinn Phone +61 2 9257 9870 Mobile +61 402 967 791

Investor enquiries

Howard Marks Phone +61 9257 7109 Mobile +61 402 438 019

Adrian Howard Phone +61 2 9257 6781 Mobile +61 413 184 488

Public Affairs

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

T 02 9257 6127 E media@amp.com.au W AMP.com.au/media AMP_AU

AMP capital notes offer opens …2

Disclaimer

This announcement does not constitute an offer of any securities (including AMP capital notes) for sale or issue. No action has been taken to register or qualify AMP capital notes or the offer or to otherwise permit a public offering of AMP capital notes outside Australia. In particular, this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or to, or for the account or benefit of, any US Person (as defined in Regulation S of the US Securities Act). Any securities described in this announcement have not been, and will not be, registered under the US Securities Act or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, US Persons except in transactions exempt from, or not subject to, registration under the US Securities Act and applicable US state securities laws.