AMP LIMITED — Capital/Financing Update 2023

Feb 28, 2023

ASX RELEASE | 1 March 2023

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Update on AMP Capital domestic sale

AMP Limited today provides an update on the sale of the AMP Capital domestic real estate and infrastructure equity business to Dexus Funds Management Ltd (Dexus).

AMP and Dexus have agreed to extend the date for satisfaction or waiver of conditions precedent for the transaction to 20 March 2023. AMP continues to work towards securing the outstanding regulatory approval.

The purchase price remains A$225 million as previously announced to the ASX on 9 January 2023.

As previously advised, AMP and Dexus are also in the process of finalising binding documentation for a revised transaction structure with a two-stage completion process. If conditions precedent are not satisfied on the original transaction, first completion of the revised transaction is expected to occur on or before 20 March 2023.

AMP will keep the market updated on any material updates to the transaction.

Media enquiries

Investor enquiries

Brett Zarb Mobile: +61 417 256 563

Richard Nelson

Mobile: +61 455 088 099

Authorised for release by the Market Disclosure Committee.

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

AMP LIMITED 50 Bridge Street, Sydney NSW 2000 Australia ABN 49 079 354 519

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