AMP LIMITED — Major Shareholding Notification 2007

Aug 23, 2007

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Date: 24-Aug-07

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 Just Group 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: Just Group Limited ACN/ARSN: 096 911 410 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 22-Aug-2007 The previous notice was given to the company on 10-Jul-2007 The previous notice was dated 05-Jul-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 votesVoting powerPrevious notice	Person’s votesVoting powerPrevious notice	Person’s votesVoting powerPresent notice	Person’s votesVoting powerPresent notice
FullyPaid Ordinary	11,779,152	5.40%	12,977,616	6.45%

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 relevantinterest changed	_Nature of change _	Consideration given in_relation to change _	Class and numberof shares affected	Person’s votesaffected
6-Jul-2007 to 22-Aug-2007	AMP Life Limited	Share acquisition	$692,979.58	Fully Paid Ordinary148,453	148,453
3-Aug-2007 to 22-Aug-2007	AMP Life Limited	Share disposal	-$811,738.07	Fully Paid Ordinary-184,154	-184,154
6-Jul-2007 to 10-Jul-2007	ARIA Scheme	Share acquisition	$189,347.98	Fully Paid Ordinary40,258	40,258
16-Aug-2007 to 17-Aug-2007	ARIA Scheme	Share disposal	-$133,638.77	Fully Paid Ordinary-31,811	-31,811
25-Jul-2007 to 27-Jul-2007	Cogent Nominees PtyLimited	Share acquisition	$974,039.58	Fully Paid Ordinary200,260	200,260
16-Aug-2007 to 17-Aug-2007	Cogent Nominees PtyLimited	Share disposal	-$42,195.05	Fully Paid Ordinary-10,044	-10,044
6-Jul-2007 to 13-Aug-2007	Cogent Nominees PtyLimited	Share acquisition	$3,082,781.07	Fully Paid Ordinary668,053	668,053
9-Jul-07	Cogent Nominees PtyLimited	Share disposal	-$889,061.11	Fully Paid Ordinary-211,417	-211,417
20-Aug-2007 to 22-Aug-2007	Equipsuper	Share acquisition	$989,724.86	Fully Paid Ordinary215,070	215,070
6-Jul-2007 to 19-Jul-2007	Government EmployeesSuperannuation Board	Share acquisition	$170,062.38	Fully Paid Ordinary36,221	36,221
16-Aug-2007 to 17-Aug-2007	Government EmployeesSuperannuation Board	Share disposal	-$59,789.02	Fully Paid Ordinary-14,232	-14,232
20-Aug-2007 to 22-Aug-2007	LAMP	Share acquisition	$1,802,847.87	Fully Paid Ordinary391,807	391,807
10-Aug-07	Queensland LocalGovernmentSuperannuation Board	Share disposal	-$224,500.00	Fully Paid Ordinary-50,000	-50,000

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 ofsecurities	Person entitled to beregistered as holder	Nature of relevant interest	Class and numberof securities	Person’s votesaffected
AMP Life Limited	AMP Life Limited	AMP Life Limited	AMP Life is entitled to bethe registered holder of theclass and number ofsecurities listed beside itsname AMP Life Limited isa controlled body corporateof AMP Limited within themeaning of Section 608(3)of the Corporations Law	Fully PaidOrdinary: 3,652,129	3,652,129
AMP Capital Investors Limited('AMP Capital')	Cogent Nominees PtyLimited	Cogent Nominees PtyLimited <SMPAccounts>	AMP Capital, in its capacityas the investment managerfor the persons or trustslisted besides its name,has the power to controlvoting and/or the disposalof securities. AMP Capitalis a controlled bodycorporate of AMP Limitedwithin the meaning ofSection 608(3) of theCorporations Law	Fully PaidOrdinary: 5,786,700	5,786,700
	Cogent Nominees PtyLimited	Cogent Nominees PtyLimited		Fully PaidOrdinary:571,750	571,750
	Citicorp Nominees PtyLimited	Stichting PensionfondsHoogovens		Fully PaidOrdinary: 85,980	85,980
	Goldman Sachs	AMP Capital InvestorsAustralian Long ShortFund		Fully PaidOrdinary: 22,514	22,514
	JP Morgan NomineesAustraliaLimited	Stichting PensionfondsABP		Fully PaidOrdinary:324,482	324,482
	JP Morgan NomineesAustraliaLimited	LAMP		Fully PaidOrdinary:391,807	391,807
	JP Morgan NomineesAustraliaLimited	Public Sector SuperScheme		Fully PaidOrdinary:815,698	815,698
	JP Morgan NomineesAustralia Limited	QLD Local GovernmentSuperannuation Board		Fully PaidOrdinary: 113,438	113,438
	JP Morgan NomineesAustralia Limited	State AuthoritySuperannuationEnhanced Index ShareFund		Fully PaidOrdinary: 117,677	117,677
	National Nominees PtyLimited	GovernmentEmployeesSuperannuation Board		Fully PaidOrdinary: 285,716	285,716
	National Nominees PtyLimited	Commonwealth BankOfficersSuperannunationCorporation Pty Ltd astrustee for the Officers'Superannuation Fund		Fully PaidOrdinary: 190,120	190,120
	National Nominees PtyLimited	QLD Local GovernmentSuperannuation Boardof WA - SustainableFund		Fully PaidOrdinary: 364,535	364,535
	National Nominees PtyLimited	Equipsuper		Fully PaidOrdinary: 215,070	215,070
AMP Capital Investors Limitedas Responsible Entity of theFuture Directions ExtendedMarkets International ShareFund	Citibank N.A. Hong Kong	AMP Capital InvestorsLimited	AMP Capital InvestorsLimited is a controlled bodycorporate of AMP Limitedwithin the meaning ofSection 608(3) of theCorporations Law	Fully PaidOrdinary: 40,000	40,000
	Total:12,977,616

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 Citicorp Nominees Pty Limited 101 Collins Street, Melbourne VIC 3000 Cogent Nominees Pty Limited Level 6, 60 Castlereagh Street, Sydney NSW 2000 Equipsuper 171 Flinders Street, Melbourne VIC 3000 Goldman Sachs Asia LLC 68th Floor, 2 Queens Road, Central Hong Kong Government Employee Superannuation Board PO Box J755, Perth WA 6842 JP Morgan Nominees Australia Limited 259 George Street, Sydney NSW 2000 QLD Local Government Superannuation Board Of GPO Box 264, Brisbane QLD 4001 Stichting Pensioenfonds Hoogovens PO Box 10,000, 1970 CA IJmuiden, The Netherland Stichting Pensioenfonds ABP PO Box 10,000, 1970 CA IJmuiden, The Netherland

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