AMP LIMITED — Major Shareholding Notification 2007

Oct 31, 2007

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Date:

1st November 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 Chandler Macleod 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: Chandler Macleod Limited ACN/ARSN: 090 555 052

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 30th October 2007 The previous notice was given to the company on 26-Jun-2007 The previous notice was dated 22-Jun-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:

Class of securities	Person’s votes Voting power Previous notice	Person’s votes Voting power Previous notice	Person’s votes Voting power Present notice	Person’s votes Voting power Present notice
FullyPaid Ordinary	8,061,175	5.14%	10,427,200	6.56%

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
17-Aug-07	AMP Capitial Investors Limited	Share acquisition	$18,883.07	Fully Paid Ordinary 22,204	22,204
25-Jun-2007 to 20-Jul-2007	AMP Life Limited	Share acquisition	$207,443.20	Fully Paid Ordinary 207,051	207,051
25-Jun-2007 to 30-Oct-2007	LAMP	Share acquisition	$1,100,131.92	Fully Paid Ordinary 1,250,925	1,250,925
25-Jun-2007 to 30-Oct-2007	Cogent Nominees PtyLimite	Share acquisition	$711,729.28	Fully Paid Ordinary 885,845	885,845

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: 588,703	588,703
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 AMP Capital Investors Limited is a controlled body corporate of AMP Limited within the meaning of Section608(3) ofthe	Fully Paid Ordinary: 4,151,629	4,151,629
	JP Morgan Nominees Australia Limited	LAMP		Fully Paid Ordinary: 4,664,482	4,664,482
AMP Capital Investors Limited as Responsible Entity of the Future Directions Australian Small Companies Fund	Cogent Nominees Pty Limited	AMP Capital Investors Limited		Fully Paid Ordinary: 1,022,386	1,022,386
				Total: 10,427,200

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 AMP Capital Investors (NZ) Limited City Tower, 95 Custom House Quay, Wellington, N.Z. Cogent Nominees Pty Limited Level 6, 60 Castlereagh Street, Sydney NSW 2000 JP Morgan Nominees Australia Limited 259 George Street, Sydney NSW 2000

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