AMP LIMITED — Interim / Quarterly Report 2011

Aug 17, 2011

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18 August 2011

Manager Manager Company Announcements Office Australian Securities Exchange Level 4, 20 Bridge Street Sydney NSW 2000

Market Information Services Section New Zealand Stock Exchange Level 2, NZX Centre, 11 Cable Street Wellington New Zealand

Announcement No: 42/2011

AMP Limited (ASX/NZX: AMP) (also for release to AMP Group Finance Services Limited (ASX: AQNHA & NZX: AQN010))

Part One: Appendix 4D

Part Two: AMP delivers A$455 million underlying profit for first half of 2011 AMP 2011 interim dividend information

AMP Financial Summary 1H11

Part Three: AMP Financial Services Cashflows Q1 and Q2 2011

Part Four: Investor Presentation

Part Five: Investor Report

Part Six: Directors’ Report & Financial Report

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Part Two

AMP Financial Services Q1 and Q2 2011 cashflows

art Two AMP Financial Services Q1 and Q2 2011 cashflows
		Cash inflows			Cash outflows				Net cashflows
Cashflows by product (A$m)	Q1 11	Q2 11	1H 11	Q1 11	Q2 11	1H 11	**Q1 **	11	Q2 11	1H 11
Retail superannuation 1	1,103	1,521	2,624	1,048	1,282	2,330		55	239	294
Allocatedpensions 2	500	607	1,107	432	487	919		68	120	188
Total retail superannuation and pensions	1,603	2,128	3,731	1,480	1,769	3,249	123		359	482
Retail investment	64	65	129	97	92	189	(33)		(27)	(60)
Externalplatforms 3	325	451	776	360	533	893	(35)		(82)	(117)
Total retail	1,992	2,644	4,636	1,937	2,394	4,331		55	250	305
Corporate superannuation and pensions	728	837	1,565	606	647	1,253	122		190	312
Corporate superannuation mandate wins 4	-	104	104	-	-	-	-		104	104
Total Australian contemporary wealth management	2,720	3,585	6,305	2,543	3,041	5,584	177		544	721
Total Australian contemporary wealth protection	203	206	409	62	79	141	141		127	268
Total Australian contemporary	2,923	3,791	6,714	2,605	3,120	5,725	318		671	989
Australian mature	96	143	239	404	452 -	856	(308)		(309)	(617)
Total Australia	3,019	3,934	6,953	3,009	3,572	6,581		10	362	372
New Zealand	146	157 -	303	114	104 -	218		32	53	85
Total AFS cashflows	3,165	4,091	7,256	3,123	3,676	6,799		42	415	457
AMP Banking – mortgages							497		379	876
AMP Banking – deposits							55		706	761
		Cash inflows			Cash outflows				Net cashflows
Cashflows by distribution channel (A$m)	Q1 11	Q2 11	1H 11	Q1 11	Q2 11	1H 11	**Q1 **	11	Q2 11	1H 11
AMP Financial Planning	1,934	2,464	4,398	1,888	2,198	4,086		46	266	312
Hillross	371	511	882	390	563	953	(19)		(52)	(71)
Corporate Superannuation - direct sales force	361	465	826	264	282	546		97	183	280
Centrally managed clients and other	179	227	406	237	272	509	(58)		(45)	(103)
AXA Australia 5	23	20	43	26	18	45		(3)	1	(2)
3rd party distributors	151	247 - -	398 - -	204	239 - -	442 - -	(53)		8	(44)
Total Australia	3,019	3,934	6,953	3,009	3,572	6,581		10	362	372
New Zealand	146	157 - -	303 - -	114	104 - -	218 - -		32	53	85
Total AFS cashflows	3,165	4,091	7,256	3,123	3,676	6,799		42	415	457
Australian contemporary wealth management cash inflows (A$m)
Member contributions	215	407	622
Employer contributions	720	906 -	1,626 -
Total contributions	935	1,313	2,248
Transfers and rollovers in 6	1,713	2,139	3,852
Other cash inflows	72	133 -	205 -
Total	2,720	3,585	6,305
AMP Financial Services and AMPCI AUM
AUM (A$b)									Q1 11	Q2 11
Australian contemporary wealth management
Closing AUM (including capital)									55.0	54.6
AverageAUM(including capital)									54.5	54.9
AMPCI
Closing AUM (including capital)									99.8	97.7
Average AUM(includingcapital)									98.8	99.2

1. Retail superannuation includes the product Flexible Lifetime - Super (FLS) and AMP Flexible Super - Superannuation, a component of which is small corporate superannuation schemes.

2. Allocated pensions/annuities includes AMP Flexible Super - Retirement.

3. Externally manufactured products that earn platform fees (superannuation, pensions and investments).

6

1. Cashflows from the transfer of accumulated member benefits as a result of SignatureSuper mandate wins.

2. AXA Australia aligned and owned licencees. Comparatives were previously disclosed in 3rd party distributors.

3. Transfers and rollovers in include transfer of accumulated member balances into AMP from both internal (eg retail superannuation to allocated pensions/annuities) and external products.

AXA - Q1 and Q2 2011 cashflows

AXA - Q1 and Q2 2011 cashflows	-1
Cashflows(A$m) Q1 11 1 Q2 11 Cash inflows	1H 11 Q1 11 1 Q2 11 1H 11 Q1 11 1 Q2 11 1H 11 Cash outflows Net cashflows
Australian wealth management 2 Platform 477 623 Advice 404 515 Investment 44 75	1,100 393 495 888 84 128 212 919 591 782 1,373 (187) (267) (454) 119 234 333 567 (190) (258) (448)
Total Australian wealth management 925 1,213	2,138 1,218 1,610 2,828 (293) (397) (690)
Mature Long term savings 141 187 Longterm risk 9 9	328 277 296 573 (136) (109) (245) 18 37 40 77 (28) (31) (59)
Total Mature 150 196	346 314 336 650 (164) (140) (304)
Total Australia 1,075 1,409	2,484 1,532 1,946 3,478 (457) (537) (994)
Cashflows(NZ$m) Q1 11 Q2 11 Cash inflows	1H 11 Q1 11 Q2 11 1H 11 Q1 11 Q2 11 1H 11 Cash outflows Net cashflows
New Zealand 2 Retail wealth management 152 133 Wholesale wealth management 42 50	285 146 124 270 6 9 15 92 14 53 67 28 (3) 25
Total New Zealand(NZ$m) 194 183	377 160 177 337 34 6 40
Total New Zealand (A$m) 146 139	285 120 135 255 26 4 30
Total AXA cashflows(A$m) 1,221 1,548	2,769 1,652 2,081 3,733 (431) (533) (964)
AXA AUM
AUM	Q1 11 1 Q2 11 Q1 11 1 Q2 11 Closing AUM Average AUM
Australian wealth management - (A$b) 2 Platform Advice Investment	13.0 12.8 13.0 13.0 13.1 12.6 13.2 12.9 3.6 3.5 3.8 3.6
Total Australian wealth management	29.7 28.9 30.0 29.5
Mature - (A$b) Long term savings Longterm risk	9.6 9.5 9.6 9.6 1.5 1.5 1.5 1.5
Total Mature	11.1 11.0 11.1 11.1
Total Australia	40.8 39.9 41.1 40.6
New Zealand - (NZ$b) 2 Retail wealth management Wholesale wealth management	3.5 3.7 3.7 3.7 2.1 2.1 2.1 2.1
Total New Zealand(NZ$b)	5.6 5.8 5.8 5.8
Total New Zealand (A$b)	4.1 4.5 4.4 4.5
Total AXA AUM(A$b)	44.9 44.4 45.5 45.1

1. AXA Australian wealth management Q1 11 cashflow and AUM disclosures have been restated to exclude ipac wholesale (international).

2. Effective 30 March 2011, AXA APH sold its 50% share in the AXA-AllianceBernstein joint venture to AllianceBerstein LP. Cashflow and AUM disclosures exclude AllianceBernstein.