AMP LIMITED — Capital/Financing Update 2015

Oct 28, 2015

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29 October 2015

Manager Client and Market Services Team ASX Market Announcements NZX Limited Australian Securities Exchange Level 1, NZX Centre, 11 Cable Street Level 4, 20 Bridge Street PO Box 2959 Sydney NSW 2000 Wellington, New Zealand

Announcement No: 28/2015 AMP Limited (ASX/NZX: AMP)

AMP sets margin on AMP capital notes offer and increases offer size to at least A$230 million

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_AU

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

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29 October 2015

AMP sets margin on AMP capital notes offer and increases offer size to at least A$230 million

AMP has successfully completed the bookbuild for its AMP capital notes offer (capital notes) ahead of time. The size of the offer will increase from A$200 million to at least A$230 million.

The final size of the offer will depend on the volume of applications received and accepted under the securityholder offer and the general offer, which are expected to open on Tuesday, 3 November 2015.

The margin determined under the bookbuild is 5.10 per cent per annum over the bank bill rate, which is at the bottom of the expected range of 5.10 per cent to 5.30 per cent per annum.

Through the bookbuild process, AMP has allocated A$230 million of capital notes on a firm basis to syndicate brokers and institutional investors under the broker firm offer and institutional offer.

Full details of this investment opportunity, including the terms and conditions of the capital notes offer and application forms, will be set out in the replacement prospectus which is expected to be lodged with ASIC and the ASX on 3 November 2015.

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)

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

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

AMP sets margin on AMP capital notes offer and increases offer size to at least A$230 million…2

Media enquiries Investor enquiries Julia Quinn David Rowe (Group Treasurer) Phone +61 2 9257 9870 Phone +61 2 9257 5762 Mobile +61 402 967 791 Mobile +61 434 187 755 Adrian Howard Howard Marks Phone +61 2 9257 6781 Phone +61 9257 7109 Mobile +61 413 184 488 Mobile +61 402 438 019

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.