AMP LIMITED — M&A Activity 2011

Feb 28, 2011

==> picture [523 x 90] intentionally omitted <==

----- Start of picture text ----- ASX Announcement----- End of picture text -----

1 March 2011

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

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

Announcement No: 09/11

AMP Limited (ASX/NZX: AMP)

(Also for cross release to AMP Group Finance Services Limited (ASX: AQN HA; NZX AQN 010)

AMP Limited welcomes Treasurer’s decision on proposed merger with AXA

Please refer to the attached media release.

AMP Limited (AMP) ASX Announcement

AMP Limited Level 24, 33 Alfred Street Sydney NSW 2000 Australia ABN 49 079 354 519

==> picture [563 x 90] intentionally omitted <==

----- Start of picture text ----- Media release----- End of picture text -----

AMP Limited

1 March 2011

33 Alfred Street Sydney NSW 2000 Australia

Public Affairs Tel: 02 9257 6127 Email: media@amp.com.au Website: amp.com.au/media AMP media

AMP Limited welcomes Treasurer’s decision on proposed merger with AXA

AMP Limited has welcomed today’s decision by the Deputy Prime Minister and Treasurer, the Hon. Wayne Swan, to approve the proposed merger with AXA Asia Pacific Holdings Limited (AXA APH).

The approval is subject to a number of conditions around employment which AMP has agreed to. See attached document - Notice of Approval under Subsection 14(1).

The proposed merger, which has been unanimously recommended by the independent directors of AXA APH’s board, will be voted on by AXA APH minority shareholders on Wednesday 2 March.

Media enquiries Amanda Wallace Phone: +61 2 9257 6168 Mobile: +61 422 379 964

Investor enquiries Howard Marks Phone: +61 2 9257 7109 Mobile: +61 402 438 019

Stuart Kingham Phone: +61 2 9257 5207 Mobile: +61 401 139 067

AMP Limited ABN 49 079 354 519