AMP LIMITED — M&A Activity 2010

Dec 15, 2010

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Kevin Keenan Company Secretary

Phone: 61 3 8688 3978 Fax: 61 3 9614 5298

16 December 2010

Australian Securities Exchange Company Announcements Office 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam

AXA Asia Pacific Holdings Limited (AXA APH) Completion of confirmatory due diligence by AMP and AXA APH

Please refer to the attached news release.

Yours sincerely

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Kevin Keenan Company Secretary

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AXA Asia Pacific Holdings Limited ABN 78 069 123 011

750 Collins Street Docklands VIC 3008

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16 December 2010

COMPLETION OF CONFIRMATORY DUE DILIGENCE BY AMP AND AXA APH

AXA Asia Pacific Holdings Limited ( AXA APH ) advises that AXA APH and AMP Limited ( AMP ) have satisfactorily completed confirmatory due diligence on each other for the proposal announced on 18 November 2010 under which AMP will acquire AXA APH, retain the Australian and New Zealand businesses and divest the Asian businesses to AXA SA ( Proposal ).

The Proposal remains subject to a number of important conditions, including regulatory approvals, court approval and approval by AXA APH minority shareholders.

Further information

For Institutional Investors

Melissa Heyhoe Group Manager – Investor Relations and Performance Reporting Ph: +61-(0)3 8688 3744 M: +61-(0)421 333 582

For Retail Investors

Computershare Investor Services Ph: 1300 157 263 or +61-(0)3 9415 4689

For Media

Francine McMullen Group Manager – Strategic Communications Ph: +61-(0)3 8688 4985 M: +61-(0)412 223 485