AMP LIMITED — M&A Activity 2010

Dec 15, 2010

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December 16, 2010

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: 46/2010

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

AMP and AXA APH complete due diligence

AMP Limited (AMP) and AXA Asia Pacific Holdings Limited (AXA APH) have satisfactorily completed reciprocal confirmatory due diligence.

In addition to receiving shareholder and court approvals, the merger also remains subject to various regulatory approvals, including from the Federal Treasurer.

It is expected that the transaction will be put to the AXA APH minority shareholders for their approval by the end of the first quarter of 2011.

Media enquiries Jane Anderson +61 2 9257 9870 +61 402 967 791

Investor enquiries

Howard Marks +61 2 9257 7109 +61 402 438 019

Amanda Wallace +61 2 9257 6168 +61 422 379 964

Stuart Kingham +61 2 9257 5207 +61 401 139 067

AMP Limited (AMP) ASX Announcement AMP Limited Level 24, 33 Alfred Street Sydney NSW 2000 Australia

ABN 49 079 354 519