AMP LIMITED — Major Shareholding Notification 2007

Aug 9, 2007

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Date: 10-Aug-07

The Manager Listings Department Australian Stock Exchange Limited

No. of Pages (incl.): (03) 9886 1234

NOTICE OF INITIAL SUBSTANTIAL HOLDER

Dear Sir/Madam,

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

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: Centro Properties Group ACN/ARSN: 078 590 682

1. Details of substantial holder

Name: AMP Limited (ACN 079 354 519) and its related bodies corporate. The holder became a substantial holder on 08-Aug-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 Stapled Securities	42,528,104		42,528,104		5.03%

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:

Holder of relevant interest	Nature of relevant interests	Class and number ofsecurities	Person's votesaffected
AMP Life Limited ("AMP Life")	AMP Life is entitled to be the registered holder of theclass and number of securities listed beside its name.AMP Life is a controlled body corporate of AMP Limitedwithin the meaning of Section 608(3) of the CorporationsLaw	Fully Paid StapledSecurities: 15,722,972	15,722,972
AMP Capital Investors Limited('AMP Capital')	AMP Capital, in its capacity as the investment managerfor the persons or trusts listed besides its name inParagraph 4, has the power to control voting and/or thedisposal of securities. AMP Capital is a controlled bodycorporate of AMP Limited within the meaning of Section608(3) of the Corporations Law	Fully Paid StapledSecurities: 25,164,248	25,164,248
AMP Capital Investors Limitedas Responsible Entity of theEFM Listed Property Fund 1	AMP Capital Investors Limited is a controlled bodycorporate of AMP Limited within the meaning of Section608(3) of the Corporations Law	Fully Paid StapledSecurities: 1,095,280	1,095,280
AMP Capital Investors Limitedas Responsible Entity of theEFM Australian Share Fund 2	AMP Capital Investors Limited is a controlled bodycorporate of AMP Limited within the meaning of Section608(3) of the Corporations Law	Fully Paid StapledSecurities: 545,604	545,604
Total:42,528,104

4. Details of present registered holders

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

Holder of relevant interest	Registered holder ofsecurities	Person entitled to beregistered as holder	Class and number ofsecurities	Person’s votesaffected
AMP Life Limited	AMP Life Limited	AMP Life Limited	Fully Paid StapledSecurities: 15,722,972	15,722,972
AMP Capital Investors Limited	Cogent Nominees PtyLimited	Cogent Nominees PtyLimited	Fully Paid StapledSecurities: 11,884,790	11,884,790
	Cogent Nominees PtyLimited	Cogent Nominees PtyLimited	Fully Paid StapledSecurities:5,597,689	5,597,689
	Cogent InvestmentOperations Pty Limited<Non ResidentA/c>	Cogent InvestmentOperations Pty Limited<Non ResidentA/c>	Fully Paid StapledSecurities: 376,052	376,052
	National Nominees PtyLimited	Nikko AMP Global REITFund	Fully Paid StapledSecurities:3,843,867	3,843,867
	The Northern TrustCompany	DBS Global PropertySector Fund	Fully Paid StapledSecurities: 141,235	141,235
	The Northern TrustCompany	ACRI International RealEstate SecExUS	Fully Paid StapledSecurities:3,472	3,472
	The Northern TrustCompany	ACRI KGR Joint Venture	Fully Paid StapledSecurities: 1,513	1,513
	Citicorp Nominees PtyLimited	Stichting PensionfondsHoogovens	Fully Paid StapledSecurities:54,535	54,535
	Goldman Sachs	AMP Capital InvestorsAustralian Equity LongShortFund	Fully Paid StapledSecurities: 195,811	195,811
	JP Morgan NomineesAustraliaLimited	Stichting Pensionfonds ABP	Fully Paid StapledSecurities: 242,007	242,007
	JP Morgan NomineesAustraliaLimited	QLD Local GovernmentSuperannuation Board	Fully Paid StapledSecurities: 40,387	40,387
	JP Morgan NomineesAustraliaLimited	State AuthoritySuperannuationScheme	Fully Paid StapledSecurities:593,683	593,683
	JP Morgan NomineesAustralia Limited	State AuthoritySuperannuation EnhancedIndex Share Fund	Fully Paid StapledSecurities: 437,713	437,713
	National Nominees PtyLimited	Government EmployeesSuperannuation Board	Fully Paid StapledSecurities: 238,136	238,136
	National Nominees PtyLimited	Unisuper	Fully Paid StapledSecurities:359,917	359,917
	National Nominees PtyLimited	Telstra Listed PropertyTrust	Fully Paid StapledSecurities: 1,153,441	1,153,441
AMP Capital Investors Limitedas Responsible Entity of theEFM Listed Property Fund 1	Cogent Nominees PtyLimited	AMP Capital InvestorsLimited	Fully Paid StapledSecurities: 1,095,280	1,095,280
AMP Capital Investors Limitedas Responsible Entity of theEFM Australian Share Fund 2	Cogent Nominees PtyLimited	AMP Capital InvestorsLimited	Fully Paid StapledSecurities: 545,604	545,604
	Total:42,528,104

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 Capitial Investors Limited	Share acquisition	$5,094,814.00	Fully Paid StapledSecurities545,604
AMP Life Limited	Share acquisition	$13,656,037.52	Fully Paid StapledSecurities1,487,642
Cogent Investment OperationsPty Limited <Non ResidentA/c>	Share acquisition	$1,368,435.33	Fully Paid StapledSecurities164,049
Cogent Nominees PtyLimited	Share acquisition	$24,311,816.89	Fully Paid StapledSecurities2,803,068
Cogent Nominees Pty Limited	Share acquisition	$5,420,286.66	Fully Paid StapledSecurities610,992
DBS Global Property SectorFund	Share acquisition	$165,471.11	Fully Paid StapledSecurities18,817
Government EmployeesSuperannuation Board	Share acquisition	$106,359.36	Fully Paid StapledSecurities12,450
Nikko AMP Global REIT Fund	Share acquisition	$6,668,509.21	Fully Paid StapledSecurities786,455
State AuthoritySuperannuation Scheme	Share acquisition	$2,579,872.90	Fully Paid StapledSecurities277,437
Telstra Listed PropertyTrust	Share acquisition	$144,874.71	Fully Paid StapledSecurities16,221
UniSuper Limited	Share acquisition	$1,111,292.25	Fully Paid StapledSecurities122,932

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 DBS Global Property Sector Fund 8 Cross Street, # 27-01 PWC Building, Singapore 048424 Goldman Sachs Asia LLC 68th Floor, 2 Queens Road, Central Hong Kong JP Morgan Nominees Australia Limited 259 George Street, Sydney NSW 2000 National Nominees Pty Limited 271 Collins Street, Melbourne VIC 3000 Nikko AMP Global REIT Fund 1-1-3 Yurakucho Chiyoda-ku, Tokyo 100-0006 Japan 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 Telstra Listed Property Trust Level 3, 215 Spring Street, Melbourne 3000 The Northern Trust Company 80 Raffles Place, #46-00 UOB Plaza 1 Singapore 048625

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