AMP LIMITED — Major Shareholding Notification 2007

Sep 13, 2007

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Date: 14th September 2007

The Manager Listings Department Australian Stock Exchange Limited

No. of Pages (incl.): 3

NOTICE OF INITIAL SUBSTANTIAL HOLDER

Dear Sir/Madam,

Pursuant to Section 671B of the Corporations Law, AMP Limited discloses a substantial holding in Oakton Limited.

The enclosed ASIC Form 603 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 603 Corporations Law Section 671B

Notice of Initial Substantial Holder

To: Oakton Limited ACN/ARSN: 007 028 711

1. Details of substantial holder

Name: AMP Limited (ACN 079 354 519) and its related bodies corporate. The holder became a substantial holder on 12th September 2007

2. Details of 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 on the date the substantial holder became a substantial holder are as follows:

Class of securities	Number of Securities	Persons’ votes		Voting power
Fully Paid Ordinary	4,382,564		4,382,564		5.11%

3. Details of relevant interests

The nature of relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

							fPerson's votes	fPerson's votes	fPerson's votes
	Holder of relevant	interest	Nature of relevan			Class and number o	f	Person's votes
				t interests		securities		affected
	AMP Lif Liitd	"AMP Lif"	MP Lif i titl	ed to be the registered holderr of securities listed beside its	of thename.	Fully Paid Ordinary804,973	:	804,973
	e me (	e)	e s enclass and numbe
			AMP Life is a conwithin the meaninCorporations Law	trolled body corporate of AMPg of Section 608(3) of the	Limited
	AMP Capital Inves('AMP Capital')	tors Limited	AMP Capital, in itfor the persons oParagraph 4, has	s capacity as the investmentr trusts listed besides its namethe power to control voting an	managerind/or the	Fully Paid Ordinary3,324,100	:	3,324,100
			disposal of securcorporate of AMP608(3) of the Cor	ities. AMP Capital is a controllLimited within the meaning oporations Law	ed bodyf Section
	AMP Capital Invesin it's capacity as REntity of the the Fu	tors Limitedesponsibleture	AMP Capital Invecorporate of AMP608(3) of the Cor	stors Limited is a controlled bLimited within the meaning oporations Law	odyf Section	Fully Paid Ordinary11,910	:	11,910
	Directions Extended MarketsInternational Share Fund
	AMP Capital Investors Limitedas Future DirectionsAustralian Small CompaniesFund		AMP Capital Investors Limited is a controlled bodycorporate of AMP Limited within the meaning of Section608(3) of the Corporations Law			Fully Paid Ordinary:241,581		241,581
	Total:4,382,564

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

	Registered holder of	Person entitled to be	Class and number of	Person’s votes
Holder of relevant interest	securities	registered as holder	securities	affected
AMP Life Limited	AMP Life Limited	AMP Life Limited	Fully Paid Ordinary:	804,973
			804,973
AMP Capital Investors Limited	Cogent Nominees Pty	Cogent Nominees Pty	Fully Paid Ordinary:	2,049,550
	Limited	Limited	2,049,550
	Cogent Nominees Pty	Cogent Nominees Pty	Fully Paid Ordinary:	225,646
	Limited	Limited	225,646
	Citicorp Nominees Pty	Stichting Pensionfonds	Fully Paid Ordinary: 46,166	46,166
	Limited	Hoogovens
	JP Morgan Nominees	Stichting Pensionfonds	Fully Paid Ordinary:	332,387
	Australia Limited	ABP	332,387
	JP Morgan Nominees	QLD Local Government	Fully Paid Ordinary: 76,371	76,371
	Australia Limited	Superannuation Board
	JP Morgan Nominees	ARIA Scheme	Fully Paid Ordinary:	299,897
	Australia Limited		299,897
	National Nominees Pty	Commonwealth Bank	Fully Paid Ordinary:	151,130
	Limited	Officers Superannunation	151,130
		Corporation Pty Ltd as
		trustee for the Officers'
		Superannuation Fund
	National Nominees Pty	Government Employees	Fully Paid Ordinary:	142,953
	Limited	Superannuation Board of	142,953
		WA - Sustainable Fund
AMP Capital Investors Limited	Citibank N.A. Hong Kong	AMP Capital Investors	Fully Paid Ordinary: 11,910	11,910
as Responsible Entity of the		Limited
Future Directions Extended
Markets International Share
Fund
AMP Capital Investors Limited	Cogent Nominees Pty	AMP Capital Investors	Fully Paid Ordinary:	241,581
as Future Directions	Limited	Limited	241,581
Australian Small Companies
Fund
			Total:	4,382,564

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration	Class and number ofsecurities
AMP Life Limited	Share acquisition	$1,714,766.26	Fully Paid Ordinary285,183
ARIA Scheme	Share acquisition	$673,404.35	Fully Paid Ordinary111,093
Cogent Nominees PtyLimited	Share acquisition	$540,727.47	Fully Paid Ordinary89,205
Cogent Nominees PtyLimited	<Share acquisition	$4,664,023.97	Fully Paid Ordinary775,248
Commonwealth Bank OfficersSuperannunation CorporationPty Ltd A/T for the Officers'Superannuation Fund.	Share acquisition	$263,183.09	Fully Paid Ordinary47,093
Government EmployeesSuperannuation Board	Share acquisition	$331,995.49	Fully Paid Ordinary55,051
Queensland LocalGovernment SuperannuationBoard	Share acquisition	$130,691.19	Fully Paid Ordinary24,365
StichtingPensioenfolds - ABP	Share acquisition	$1,861,378.16	Fully Paid Ordinary332,387
Stichting PensioenfoldsHoogovens	Share acquisition	$81,166.92	Fully Paid Ordinary15,134

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN (if applicable) Nature of association

AMP Life Limited (ACN 079 Related bodies corporate of AMP Limited under Part 1.2 of the Corporations Law. 300 379) AMP Capital Investors Limited Related bodies corporate of AMP Limited under Part 1.2 of the Corporations Law. (ACN 001 777 591)

7. 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
Government Employee Superannuation Board	PO Box J755, Perth WA 6842
JP Morgan Nominees Australia Limited	259 George Street, Sydney NSW 2000
National Nominees Pty Limited	271 Collins Street, Melbourne VIC 3000
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

This Initial Substantial Holder Notice (ASIC Form 603) comprises 2 page/s in total.