AMP LIMITED — Major Shareholding Notification 2007

Nov 1, 2007

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Date:

2-Nov-07

Company Announcement Officer Australian Stock Exchange Limited Sydney

No. of Pages (incl.): 3

• Notice Pursuant to Corporations Act Sub section 259C(2) Exemption

Dear Sir/Madam,

Pursuant to Sub-section 259C(2) of the Corporations Act, AMP Limited hereby advises its current interest in AMP Limited .

The attached notice provides all relevant 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

ACN/ARSN: 079 354 519

To:

AMP Limited

Shareholder:

AMP Limited ACN 079 354 519 (and its related bodies corporate)

1. Previous Notice

Particulars of the shareholder's previous notice under sub-section 259C(2) exemption was given on:

The previous notice was given to the company on 18th October 2007 The previous notice was dated 17th October 2007

2. Previous and present voting power

The total number and percentage of shares in each class of voting shares in the company to which the shareholder has an interest in or derivative exposure to, when last required and when now required to give notice, are:

Class of securities	Total Number	Percentage of class Previous notice	Percentage of class Previous notice	Total Number	Percentage of class Present notice	Percentage of class Present notice
FullyPaid Ordinary	39,560,181		2.11%	36,154,676		1.93%
Derivative Exposure	Nil		Nil	Nil		Nil

3. Changes in interest and derivative exposure

Particulars of each change in, or change in the nature of, the interests of the shareholder in, or derivative exposure to voting shares since the shareholder was last required to give a notice are:

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
19-Oct-07	AMP Capital Investors Limited	Share acquisition	$25,580.61	Fully Paid Ordinary 2,432	2,432
22-Oct-2007 to 31-Oct-2007	AMP Henderson Global Investors(NZ)Limited	Share acquisition	$8,712.70	Fully Paid Ordinary 700	700
26-Oct-07	AMP Henderson Global Investors(NZ)Limited	Share disposal	-$153,738.62	Fully Paid Ordinary -14,826	-14,826
18-Oct-2007 to 30-Oct-2007	AMP Life Limited	Share disposal	-$17,550,180.88	Fully Paid Ordinary -1,723,651	-1,723,651
19-Oct-2007 to 31-Oct-2007	Cogent Nominees Pty Limited	Share disposal	-$6,803,023.22	Fully Paid Ordinary -669,222	-669,222
26-Oct-2007 to 29-Oct-2007	Government Employees Superannuation Board	Share disposal	-$866,728.49	Fully Paid Ordinary -85,000	-85,000
26-Oct-2007 to 29-Oct-2007	Queensland Local Government Superannuation Board	Share disposal	-$244,723.34	Fully Paid Ordinary -24,000	-24,000
30-Oct-07	State Authority Superannuation Scheme	Share acquisition	$219,557.60	Fully Paid Ordinary 21,610	21,610
22-Oct-07	State Authority Superannuation Scheme	Share disposal	-$3,061,929.86	Fully Paid Ordinary -303,600	-303,600
26-Oct-2007 to 29-Oct-2007	Stichting Pensioenfolds - ABP	Share disposal	-$1,682,979.37	Fully Paid Ordinary -165,000	-165,000
10-Sep-07	Stichting Pensioenfolds Hoogovens	Share acquisition	$1,804.00	Fully Paid Ordinary 172	172
26-Oct-2007 to 29-Oct-2007	Stichting Pensioenfolds Hoogovens	Share disposal	-$275,396.62	Fully Paid Ordinary -27,000	-27,000
29-Oct-07	UniSuper Limited	Share acquisition	$120,745.00	Fully Paid Ordinary 11,780	11,780
19-Oct-2007 to 22-Oct-2007	UniSuper Limited	Share disposal	-$4,394,785.85	Fully Paid Ordinary -429,900	-429,900

4. Present interest and derivative exposure

Particulars of each interest in voting shares to which the shareholder is entitled after the change are:

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	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	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	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	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	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 entity of AMP Limited within the meaning of Part 2J.2 of the Corporations Act	Fully Paid Ordinary: 18,974,646	18,974,646
AMP Capital Investors (NZ) Limited (‘AMP Capital NZ’)	New Zealand Central Securities Depository Limited	AMP Capital Investors (NZ) Limited	AMP Capital NZ, 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 NZ is a controlled entity of AMP Limited within the meaning of Part 2J.2 of the Corporations Act.	Fully Paid Ordinary: 158,712	158,712

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 entity of AMP Limited within the meaning of Part 2J.2 of the Corporations Act.	Fully Paid Ordinary: 5,054,350	5,054,350
	Cogent Nominees Pty Limited	Cogent Nominees Pty Limited		Fully Paid Ordinary: 2,775,129	2,775,129
	Citicorp Nominees Pty Limited	Stichting Pensionfonds Hoogovens		Fully Paid Ordinary: 157,265	157,265
	Goldman Sachs	AMP Capital Investors Limited Australian Equity Long Short Fund		Fully Paid Ordinary: 231,222	231,222
	JP Morgan Nominees AustraliaLimited	Stichting Pensionfonds ABP		Fully Paid Ordinary: 1,281,322	1,281,322
	JP Morgan Nominees AustraliaLimited	JP Morgan Nominees Australia Limited		Fully Paid Ordinary: 165,826	165,826
	JP Morgan Nominees AustraliaLimited	QLD Local Government Superannuation Board		Fully Paid Ordinary: 97,054	97,054
	JP Morgan Nominees AustraliaLimited	State Authority Superannuation Scheme		Fully Paid Ordinary: 2,022,300	2,022,300
	JP Morgan Nominees AustraliaLimited	State Authority Superannuation EnhancedIndexShareFund		Fully Paid Ordinary: 994,395	994,395
	National Custodian ServicesLimited	Government Employees Superannuation Board		Fully Paid Ordinary: 667,309	667,309
	National Custodian ServicesLimited	UniSuper Limited		Fully Paid Ordinary: 992,493	992,493
	National Nominees Pty Limited	QLD Local Government Superannuation Board of WA - SustainableFund	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 entity of AMP Limited within the meaning of Part 2J.2 of the Corporations Act.	Fully Paid Ordinary: 55,761	55,761
AMP Capital Investors Limited as Responsible Entity of the EFM AustralianShareFund1	Cogent Nominees Pty Limited	AMP Capital Investors Limited		Fully Paid Ordinary: 1,618,829	1,618,829
AMP Capital Investors Limited as Future Directions Australian Share Fund	Cogent Nominees Pty Limited	AMP Capital Investors Limited		Fully Paid Ordinary: 654,118	654,118
AMP Capital Investors Limited as Responsible Investment Leader Australian Share Fund	Cogent Nominees Pty Limited	AMP Capital Investors Limited		Fully Paid Ordinary: 253,945	253,945
	Total: 36,154,676

5. Change in controlled entities

The persons who have become controlled entities of, or ceased to be controlled entities of the shareholder in relation to voting shares in the company are:

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 AMP Capital Investors (NZ) City Tower, 95 Custom House Quay, Wellington, N.Z. 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 Scheme 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 Unisuper Limited Level 28, 367 Collins Street, Melbourne 3000

This notice (pusuant to Corporations Law sub-section 259C(2) exemption) comprises 2 pages in total.