AMP LIMITED — Capital/Financing Update 2019

Aug 13, 2019

Media release

14 August 2019

Not for distribution or release in the United States

AMP announces issue and allotment under placement

AMP Limited (ASX: AMP) refers to its announcement made to the market on 8 August 2019 relating to a fully underwritten institutional placement (“Placement”) and a separate share purchase plan (“SPP”).

In relation to the Placement, AMP has received the offer proceeds of A$650 million and now attaches the cleansing notice under section 708A of the Corporations Act 2001 (Cth) in relation to the issue and allotment of new AMP shares.

An SPP booklet with further details on the SPP is expected to be despatched to eligible shareholders on Friday, 16 August 2019.

Enquiries about the SPP should be directed to the information line: 1300 338 164 (Australia) 0800 444 125 (New Zealand +613 9415 4018 (other countries) Monday to Friday, 8.30am to 5.30pm (Sydney time)

Media enquiries Investor enquiries Lachlan Johnston Howard Marks +61 466 026 702 +61 2 9257 7109 Catherine Woods Michael Vercoe +61 477 320 333 +61 2 9257 4244 Marnie Reid (retail shareholders) +612 9257 9679

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

AMP announces issue and allotment under placement...2

IMPORTANT INFORMATION

This announcement is subject to the same “Important Notice” as appears on pages 5 to 8 of AMP’s announcement titled “AMP announces A$650 million capital raising” dated 8 August 2019 with any necessary contextual changes.

The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “ U.S. Securities Act ”), and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the U.S. Securities Act. Accordingly, the securities may not be offered or sold, directly or indirectly, in the United States or to any person that is acting for the account or benefit of a person in the United States, except in transactions exempt from, or not subject to, the registration requirements of the U.S. Securities Act and any other applicable securities laws of any state or other jurisdiction of the United States.

AMP Limited ABN 49 079 354 519

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Ms Emma Staley ASX Market Announcements Australian Securities Exchange 20 Bridge Street Sydney NSW 2000

14 August 2019

Email: Emma.Staley@asx.com.au

Client and Market Services Team NZX Limited NZX Centre, 11 Cable Street Wellington, New Zealand

Email: announce@nzx.com

Dear Sir/Madam

CLEANSING NOTICE UNDER SECTION 708A(5)(e) OF THE CORPORATIONS ACT

This notice is given by AMP Limited (ASX: AMP) (“ AMP ”) under section 708A(5)(e) of the Corporations Act 2001 (Cth) (“ Corporations Act ”).

AMP advises that:

• (a) it has completed the issue and allotment to institutional investors of 406,250,000 fully paid ordinary shares (“ New Shares ”) at a price of $1.60 per New Share pursuant to a placement, the results of which were announced to the Australian Securities Exchange on 9 August 2019;

• (b) the New Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

• (c) as at the date of this notice, AMP has complied with:

  • (i) the provisions of Chapter 2M of the Corporations Act as they apply to AMP; and

  • (ii) section 674 of the Corporations Act, as it applies to AMP; and

• (d) as at the date of this notice, there is no “excluded information” of the type referred to in sections 708A(7) and 708A(8) of the Corporations Act that is required to be set out in this notice under section 708A(6)(e) of the Corporations Act.

Yours faithfully

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Marissa Bendyk Company Secretary