AMP LIMITED — M&A Activity 2011

Feb 28, 2011

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Kevin Keenan Company Secretary

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

1 March 2011 Australian Securities Exchange Company Announcements Office 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam

AXA Asia Pacific Holdings Limited Treasurer Approval for Proposal from AMP and AXA SA

Please refer to the attached news release.

Yours sincerely

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Kevin Keenan Company Secretary

Page 1 of 2 pages

AXA Asia Pacific Holdings Limited ABN 78 069 123 011

750 Collins Street Docklands VIC 3008

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1 March 2011

TREASURER APPROVAL FOR PROPOSAL FROM AMP AND AXA SA

AXA Asia Pacific Holdings Limited ( AXA APH ) announces that it has been notified that the proposed merger of AXA APH’s Australian and New Zealand businesses with AMP Limited ( AMP ) and the sale of AXA APH’s Asian businesses to AXA SA ( Proposal ) has been given the necessary approval by the Deputy Prime Minister and Federal Treasurer, the Honourable Wayne Swan.

All other regulatory approvals have also been satisfied.

The Proposal remains subject to court approval and shareholder approval. AXA APH’s Independent Directors unanimously recommend that shareholders vote in favour of the Proposal, in the absence of a superior proposal.

The shareholder meetings to vote on the Proposal will be held from 11.00am on Wednesday, 2 March 2011 at Arthur Streeton Auditorium, Sofitel Melbourne, 25 Collins Street, Melbourne, Victoria.

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 www.axaaphproposal.com.au

For Media

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