AMP LIMITED — Major Shareholding Notification 2007

Dec 6, 2007

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Date: 6th December 2007

The Manager Listings Department Australian Stock Exchange Limited

No. of Pages (incl.): 2

NOTICE OF PERSON CEASING TO BE A SUBSTANTIAL HOLDER

Dear Sir/Madam,

Pursuant to Section 671 of the Corporations Law, AMP Limited hereby advises that it is no longer a substantial holder in Oil Search Limited.

The enclosed ASIC Form 605 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 605 Corporations Law Section 671B

Notice of Ceasing to be a Substantial Holder

To: Oil Search Limited ACN/ARSN: 055 079 868

1. Details of substantial holder

Name: AMP Limited ACN 079 354 519 and its related bodies corporate.

The holder ceased to be a substantial holder on 4th December 2007 The previous notice was given to the company on 29-Nov-2007 The previous notice was dated 27-Nov-2007

2. 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 interestchanged	_Nature of change _	Consideration given in_relation to change _	Class and number ofsecurities affected	Person’s votesaffected
29-Nov-2007 to 4-Dec-2007	AMP Life Limited	Share acquisition	$2,504,559.65	10 Toea Fully PaidOrdinary542,833	542,833
3-Dec-2007 to 4-Dec-2007	AMP Life Limited	Share disposal	-$9,948,671.89	10 Toea Fully PaidOrdinary-2,177,187	-2,177,187
3-Dec-2007 to 4-Dec-2007	Cogent Nominees Pty Limited	Share disposal	-$161,464.07	10 Toea Fully PaidOrdinary-35,330	-35,330
29-Nov-07	Cogent Nominees Pty Limited	Share acquisition	$198,651.19	10 Toea Fully PaidOrdinary43,000	43,000
29-Nov-2007 to 4-Dec-2007	Cogent Nominees Pty Limited	Share disposal	-$2,419,888.63	10 Toea Fully PaidOrdinary-529,732	-529,732
29-Nov-07	Government EmployeesSuperannuation Board	Share acquisition	$692,969.28	10 Toea Fully PaidOrdinary150,000	150,000
29-Nov-07	Queensland Local GovernmentSuperannuation Board	Share acquisition	$115,494.89	10 Toea Fully PaidOrdinary25,000	25,000
27-Nov-07	State Authority SuperannuationEnhanced Index Share Fund	Share disposal	-$2,144,496.90	10 Toea Fully PaidOrdinary-471,318	-471,318
29-Nov-07	Stichting Pensioenfolds - ABP	Share acquisition	$1,131,511.38	10 Toea Fully PaidOrdinary245,000	245,000
29-Nov-07	Stichting PensioenfoldsHoogovens	Share acquisition	$138,552.41	10 Toea Fully PaidOrdinary30,000	30,000

3. 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 holder in relation to voting interests in the company or scheme are as follows:

Name and ‘ACN Nature of association No Changes

4. 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 Cogent Nominees Pty Limited Level 6, 60 Castlereagh Street, Sydney NSW 2000 Government Employee Superannuation Board PO Box J755, Perth WA 6842 QLD Local Government Superannuation Board Of GPO Box 264, Brisbane QLD 4001 State Authority Superannuation Enhanced Index Share Fund Level 14, 83 Clarence Street, Sydney NSW 2000 Stichting Pensioenfonds ABP PO Box 10,000, 1970 CA IJmuiden, The Netherlands

This notice of change of interests of substantial holder (ASIC Form 605) comprises 1 page/s in total.