AMP LIMITED — Major Shareholding Notification 2007

Nov 25, 2007

23 November 2007

BY FAX - ORIGINAL IN POST (61 2 9257 7445)

AMP Limited Level 24, AMP Building 33 Alfred Street Sydney, NSW 2000 Australia

Re: Notice of Change in Interests of Substantial Shareholder under Section 671B

Company Secretary:

Enclosed is a Notice of Change in Interests of Substantial Shareholder Under Section 671B dated 22 November 2007. Please note that a copy of this report has been sent to the Australian Stock Exchange.

Neither the Capital Group Companies, Inc. nor any of its affiliates own shares of your company for its own account. Rather, the shares reported on Form 604 are owned by accounts under the discretionary investment management of one or more of the investment management companies that make up the Capital Group Companies, Inc.

For the purposes of this Notice an outstanding share balance of 1,874,852,876 shares was used to calculate the percentages of holdings of the relevant share capital. We believe this outstanding share balance is current; however, if this number is not accurate, please contact us as soon as possible so that we may make the necessary revisions to this Notice.

Should you have questions or require additional information, please contact Gina Martinez or Vivien Tan at (213) 615-0469, or send a fax message to (213) 486-9698. Alternatively, you may contact us via E-mail at GRGroup@capgroup.com.

Regards,

Gina Martinez Compliance Manager

604 page Page 1 of 2

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme AMP Limited ACN/ARSN

1. Details of substantial holder(1)

Name The Capital Group Companies, Inc. ACN/ARSN (if applicable) n/a There was a change in the interests of the substantial holder on 22 November 2007 The previous notice was given to the company on {ENTER PREVIOUS FILING DATE} The previous notice was dated 01 August 2007

The shares reported were owned by accounts under the discretionary investment management of 1 investment management company (Capital Research and Management Company) which is a direct or indirect subsidiary of The Capital Group Companies, Inc., 333 South Hope Street, 55th Floor, Los Angeles, California 90071.

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 (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice	Previous notice	Present notice	Present notice
	Person'svotes	Voting power(5)	Person'svotes	Voting power(5)
Ordinary Shares {OR Stapled Securities}	132,633,342 shares	7.0743%	152,595,699 shares	8.1391%

The shares being reported under this section are owned by accounts under the discretionary investment management of 3 investment management companies (Capital International S.A., Capital International Limited, and Capital Research and Management Company) which are direct or indirect subsidiaries of The Capital Group Companies, Inc., 333 South Hope Street, 55th Floor, Los Angeles, California 90071 and such shares are being reported in the aggregate.

604 page Page 2 of 2

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, 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 (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
2 Aug 07 thru 22 Nov07	The Capital Group Companies, Inc.	Acqusition of Shares	Average price of 9.9499 AUD	19,962,357 Ordinary Shares	19,962,357

See Annexure A dated 01 August 2007

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(8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
		none
See Annexure A dated 22 November 2007 (copy attached)

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
N/A	N/A

6. Addresses

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

Name	Address
The Capital Group Companies, Inc.	333 South Hope Street, 55 ~~th~~Floor LosAngeles, CA90071
Signature print name: Liliane Corzo sign here______	Capacity: Associate Counsel date 23 November 2007

Annexure “A”

This is the Annexure of 1 page marked Annexure “A” referred to in Form 604 signed by this corporation dated 22 November 2007.

The Capital Group Companies, Inc.

By: ________ Liliane Corzo Associate Counsel

Australia Annexure AMP Limited

22 November 2007

CG Investment Management Company Capital International Limited Capital International S.A. Capital Research and Management Company GRAND TOTAL	Account Number Number of Shares 43412500 29,100 43425300 68,200 43426200 193,700 43426300 304,300 43426400 186,200 43426800 145,100 43426900 146,600 43455200 18,400 43466100 164,092 1,255,692 45426000 152,600 45530000 35,480 188,080 11000005 21,000,000 11000006 20,680,000 11000007 8,200,000 11000010 25,000,412 11000012 13,113,640 11000016 16,440,771 11000027 7,860,210 11000033 31,395,885 11000070 4,925,210 11000071 2,535,799 151,151,927 152,595,699	% Held 8.14%

Nominee List

AMP Limited 22 November 2007

Nominee Name Brown Bros. One Mellon Bank Center Pittsburgh, PA 15258 45530000 35,480 Total Shares: 35,480 Chase Manhattan Bank Australia Limited Level 36 World Trade Centre Jamison Street Sydney, NSW 2000 Australia 11000005 21,000,000 11000006 20,680,000 11000007 8,200,000 11000012 13,113,640 11000016 16,440,771 11000033 31,395,885 Total Shares: 110,830,296 Citicorp Nominees PTY Ltd Level 26, Mitre 502-30 101 Collins Street Melbourne, Victoria 3000 43426300 304,300 Total Shares: 304,300 National Australian Bank LTD. 271 Collins St. 5th Floor South Melbourne, Victoria 3000 43426800 145,100 43455200 18,400 43466100 164,092 Total Shares: 327,592 Northern Trust c/o NorTrust Nominees Limited 155 Bishopsgate London EC2M 3XS 43426900 146,600 Total Shares: 146,600 State Street Nominees Limited Canary Wharf 27th Floor, 1 Canada Square London E14 5AF 11000027 7,860,210 Total Shares: 7,860,210 Westpac Banking Corp 43412500

29,100

Nominee List

AMP Limited 22 November 2007

Nominee Name
43425300		68,200
43426200		193,700
	Total Shares:	291,000
Westpac Custodian Nominees
50 Pitt Street, 8th Floor
Sydney, NSW 2000
Australia
11000010		25,000,412
11000070		4,925,210
11000071		2,535,799
43426400		186,200
45426000		152,600
	Total Shares:	32,800,221