AMP LIMITED — Major Shareholding Notification 2007

Dec 19, 2007

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Date: 20th December 2007

The Manager Listings Department Australian Stock Exchange Limited

No. of Pages (incl.): 3

NOTICE OF CHANGE OF INTERESTS OF SUBSTANTIAL HOLDER

Dear Sir/Madam,

Pursuant to Section 671B of the Corporations Law, AMP Limited hereby advises of a change in its relevant interest in Just Group Limited.

The enclosed ASIC Form 604 discloses all required details.

Yours faithfully,

Justin Christopher Head of Custody BNP Paribas Securities Services Phone: 02 9222 0029

BNP PARIBAS FUND SERVICES AUSTRALASIA PTY LTD Level 6 60 Castlereagh Street Sydney NSW 2000 Australia PO BOX R209 Royal Exchange NSW 1225 Australia Tel: +61 2 9222 0000 - Fax: +61 2 9222 0255 ABN 71 002 655 674

Form 604 Corporations Law Section 671B

Notice of Change of Interests of Substantial Holder

To: Just Group Limited ACN/ARSN: 096 911 410 1. Details of substantial holder Name: AMP Limited ACN 079 354 519 and its related bodies corporate. There was a change in the interests of the substantial holder on 18th December 2007 The previous notice was given to the company on 30-Oct-2007 The previous notice was dated 25-Oct-2007 2. Previous and present voting power The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate had a relevant interest in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows: Previous notice Present notice Class of securities Person’s votes Voting power Person’s votes Voting power Fully Paid Ordinary 15,062,371 7.48% 12,875,974 6.40%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, relevant interests of the substantial holder or an associate in voting securities of the company since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	_Nature of change _	Consideration given in _relation to change _	Class and number of shares affected	Person’s votes affected
20-Nov-2007 to 11-Dec-2007	AMP Capitial Investors Limited	Share acquisition	$653,781.78	Fully Paid Ordinary 124,007	124,007
26-Oct-2007 to 4-Dec-2007	AMP Life Limited	Share acquisition	$2,329,827.47	Fully Paid Ordinary 433,763	433,763
13-Nov-2007 to 18-Dec-2007	AMP Life Limited	Share disposal	-$1,996,958.85	Fully Paid Ordinary -409,694	-409,694
15-Nov-2007 to 18-Dec-2007	ARIA Scheme	Share disposal	-$681,745.60	Fully Paid Ordinary -142,577	-142,577
17-Dec-2007 to 18-Dec-2007	Cogent Nominees Pty Limited	Share disposal	-$170,574.63	Fully Paid Ordinary -37,239	-37,239
26-Oct-2007 to 26-Nov-2007	Cogent Nominees Pty Limited	Share acquisition	$619,324.00	Fully Paid Ordinary 123,500	123,500
14-Dec-2007 to 18-Dec-2007	Cogent Nominees PtyLimite	Share disposal	-$7,408,824.00	Fully Paid Ordinary -1,476,883	-1,476,883
26-Oct-2007 to 26-Nov-2007	Commonwealth Bank Officers Superannunation Corporation Pty Ltd A/T for the Officers' Superannuation Fund.	Share acquisition	$196,265.88	Fully Paid Ordinary 36,532	36,532
2-Nov-2007 to 3-Dec-2007	Equipsuper	Share disposal	-$1,074,656.04	Fully Paid Ordinary -193,312	-193,312
26-Oct-2007 to 26-Nov-2007	Government Employees Superannuation Board	Share acquisition	$1,607,198.67	Fully Paid Ordinary 289,268	289,268
15-Nov-2007 to 18-Dec-2007	Government Employees Superannuation Board	Share disposal	-$334,141.13	Fully Paid Ordinary -69,113	-69,113
9-Nov-07	LAMP	Share acquisition	$64,867.42	Fully Paid Ordinary 11,950	11,950
2-Nov-2007 to 3-Dec-2007	LAMP	Share disposal	-$5,250,488.72	Fully Paid Ordinary -961,257	-961,257
26-Oct-2007 to 26-Nov-2007	Queensland Local Government Superannuation Board	Share acquisition	$60,386.22	Fully Paid Ordinary 11,240	11,240
27-Nov-07	State Authority Superannuation Enhanced Index Share Fund	Share disposal	-$596,622.39	Fully Paid Ordinary -117,677	-117,677
26-Oct-2007 to 26-Nov-2007	Stichting Pensioenfolds - ABP	Share acquisition	$845,313.48	Fully Paid Ordinary 157,372	157,372
26-Oct-2007 to 26-Nov-2007	Stichting Pensioenfolds Hoogovens	Share acquisition	$181,140.73	Fully Paid Ordinary 33,723	33,723

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder	Nature of relevant interest	Class and number of securities	Person’s votes affected
AMP Life Limited	AMP Life Limited	AMP Life Limited	AMP Life is entitled to be the registered holder of the class and number of securities listed beside its name AMP Life Limited is a controlled body corporate of AMP Limited within the meaning of Section 608(3) of the Corporations Law	Fully Paid Ordinary: 4,151,680	4,151,680
AMP Capital Investors Limited ('AMP Capital')	Cogent Nominees Pty Limited	Cogent Nominees Pty Limited Accounts>	AMP Capital, in its capacity as the investment manager for the persons or trusts listed besides its name, has the power to control voting and/or the disposal of securities. AMP Capital is a controlled body corporate of AMP Limited within the meaning of Section 608(3) of the Corporations Law	Fully Paid Ordinary: 4,888,905	4,888,905
	Cogent Nominees Pty Limited	Cogent Nominees Pty Limited		Fully Paid Ordinary: 534,511	534,511
	Citicorp Nominees Pty Limited	Stichting Pensionfonds Hoogovens		Fully Paid Ordinary: 158,056	158,056
	Goldman Sachs	AMP Capital Investors Australian Long Short Fund		Fully Paid Ordinary: 22,514	22,514
	JP Morgan Nominees Australia Limited	Stichting Pensionfonds ABP		Fully Paid Ordinary: 794,103	794,103
	JP Morgan Nominees Australia Limited	ARIA Scheme		Fully Paid Ordinary: 673,121	673,121
	JP Morgan Nominees Australia Limited	QLD Local Government Superannuation Board		Fully Paid Ordinary: 158,291	158,291
	National Nominees Pty Limited	Government Employees Superannuation Board		Fully Paid Ordinary: 741,457	741,457
	National Nominees Pty Limited	Commonwealth Bank Officers Superannunation Corporation Pty Ltd as trustee for the Officers' Superannuation Fund		Fully Paid Ordinary: 305,907	305,907
	National Nominees Pty Limited	QLD Local Government Superannuation Board of WA - Sustainable Fund		Fully Paid Ordinary: 295,422	295,422
AMP Capital Investors Limited as Responsible Entity of the Future Directions Extended Markets International Share Fund	Citibank N.A. Hong Kong	AMP Capital Investors Limited	AMP Capital Investors Limited is a controlled body corporate of AMP Limited within the meaning of Section 608(3) of the Corporations Law	Fully Paid Ordinary: 11,080	11,080
AMP Capital Investors Limited as Future Directions Australian Small Companies Fund	Cogent Nominees Pty Limited	AMP Capital Investors Limited	AMP Capital Investors Limited is a controlled body corporate of AMP Limited within the meaning of Section 608(3) of the Corporations Law.	Fully Paid Ordinary: 140,927	140,927

Total: 12,875,974

5. Change in association

The persons who have become associates of, ceased to be associates of, or have changed the nature of their association with, the substantial shareholder in relation to voting interests In the company or scheme are as follows:

Name and ACN	Nature of association
No Changes

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
AMP Life Limited	Level 24, 33 Alfred Street, Sydney NSW 2000
AMP Capital Investors Limited	Level 22, 33 Alfred Street, Sydney NSW 2000
Citicorp Nominees Pty Limited	101 Collins Street, Melbourne VIC 3000
Cogent Nominees Pty Limited	Level 6, 60 Castlereagh Street, Sydney NSW 2000
Commonwealth Bank Officers Superannuation Corporation	9th Floor, 48 Martin Place, Sydney NSW 2000
Pty Ltd
Equipsuper	171 Flinders Street, Melbourne VIC 3000
Goldman Sachs Asia LLC	68th Floor, 2 Queens Road, Central Hong Kong
Government Employee Superannuation Board	PO Box J755, Perth WA 6842
JP Morgan Nominees Australia Limited	259 George Street, Sydney NSW 2000
QLD Local Government Superannuation Board	Of GPO Box 264, Brisbane QLD 4001
State Authority Superannuation Enhanced Index Share	Level 14, 83 Clarence Street, Sydney NSW 2000
Stichting Pensioenfonds Hoogovens	PO Box 10,000, 1970 CA IJmuiden, The Netherlands
Stichting Pensioenfonds ABP	PO Box 10,000, 1970 CA IJmuiden, The Netherlands

This notice of change of interests of substantial holder (ASIC Form 604) comprises 2 page/s in total.