AMP LIMITED — Capital/Financing Update 2021

Mar 28, 2021

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ASX RELEASE | 29 March 2021

Update on proposed private markets transaction

AMP Limited today confirms the 30-day exclusivity period in its Heads of Agreement with Ares Management Corporation (“Ares”) for a proposed AMP Capital private markets transaction, announced on 26 February 2021, has concluded.

AMP and Ares continue to work towards a potential transaction and Ares has expressed interest in acquiring 100 per cent of the private markets businesses.

There is no certainty that a transaction will proceed, or the terms, size or structure on which it would proceed. Any transaction would remain subject to approval of AMP shareholders.

Media enquiries

Investor enquiries

Lachlan Johnston

Mobile: +61 466 026 702

Jason Bounassif

Phone: +61 2 9257 9684

Mark Roberts

Mobile: +61 466 328 581

Michael Vercoe

Phone: +61 2 9257 4244

Katherine Perry

Mobile: +61 411 247 629

Authorised for release by the AMP Limited Board.

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CORPORATE 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

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