AMP LIMITED — Major Shareholding Notification 2007

Jul 31, 2007

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Date:

1-Aug-07

The Manager Listings Department Australian Stock Exchange Limited

No. of Pages (incl.): 2

NOTICE OF PERSON CEASING TO BE A SUBSTANTIAL HOLDER

Dear Sir/Madam,

Pursuant to Section 671 of the Corporations Law, AMP Limited hereby advises that it is no longer a substantial holder in Macmahon Holdings Limited.

The enclosed ASIC Form 605 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 605 Corporations Law Section 671B Notice of Ceasing to be a Substantial Holder

To: Macmahon Holdings Limited

ACN/ARSN: 007 634 406

1. Details of substantial holder

Name: AMP Limited ACN 079 354 519 and its related bodies corporate.

The holder ceased to be a substantial holder on 30-Jul-2007 The previous notice was given to the company on 02-Jul-2007 The previous notice was dated 29-Jun-2007

2. 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 securities affected	Person’s votes affected
2-Jul-2007 to 30-Jul-2007	AMP Capitial Investors Limited	Share acquisition	$149,958.00	Fully Paid Ordinary Shares 112,810	112,810
6-Jul-2007 to 19-Jul-2007	AMP Life Limited	Share acquisition	$90,019.92	Fully Paid Ordinary Shares 69,029	69,029
2-Jul-2007 to 30-Jul-2007	AMP Life Limited	Share disposal	-$9,861,161.54	Fully Paid Ordinary Shares -7,317,512	-7,317,512
30-Jul-07	Cogent Nominees PtyLimited	Share disposal	-$222,562.96	Fully Paid Ordinary Shares -165,043	-165,043
24-Jul-2007 to 30-Jul-2007	Commonwealth Bank Officers Superannunation Corporation Pty Ltd A/T for the Officers' Superannuation Fund.	Share disposal	-$358,498.00	Fully Paid Ordinary Shares -266,000	-266,000
2-Jul-2007 to 16-Jul-2007	Equipsuper	Share disposal	-$1,183,855.94	Fully Paid Ordinary Shares -890,747	-890,747
23-Jul-07	LAMP	Share acquisition	$605,588.81	Fully Paid Ordinary Shares 449,869	449,869
2-Jul-2007 to 17-Jul-2007	LAMP	Share disposal	-$1,992,332.70	Fully Paid Ordinary Shares -1,490,000	-1,490,000
30-Jul-07	Queensland Local Government Superannuation Board	Share disposal	-$404,554.50	Fully Paid Ordinary Shares -300,000	-300,000
30-Jul-07	StichtingPensioenfolds - ABP	Share acquisition	$675,000.00	Fully Paid Ordinary Shares 500,000	500,000
30-Jul-07	StichtingPensioenfolds - ABP	Share disposal	-$674,325.00	Fully Paid Ordinary Shares -500,000	-500,000
30-Jul-07	StichtingPensioenfolds Hoogovens	Share disposal	-$269,730.00	Fully Paid Ordinary Shares -200,000	-200,000
2-Jul-2007 to 17-Jul-2007	Cogent Nominees PtyLimited	Share disposal	-$2,056,333.00	Fully Paid Ordinary Shares -1,539,600	-1,539,600
11-Jul-2007 to 30-Jul-2007	Cogent Nominees PtyLimited	Share disposal	-$2,104,357.27	Fully Paid Ordinary Shares -1,571,126	-1,571,126

3. 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 holder in relation to voting interests in the company or scheme are as follows:

Name and ‘ACN Nature of association No Changes

4. 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 Cogent Nominees Pty Limited Level 6, 60 Castlereagh Street, Sydney NSW 2000 Commonwealth Bank Officers Superannuation Corporation Pty Ltd 9th Floor, 48 Martin Place, Sydney NSW 2000

Equipsuper JP Morgan Nominees Australia Limited QLD Local Government Superannuation Board Stichting Pensioenfonds Hoogovens Stichting Pensioenfonds ABP

171 Flinders Street, Melbourne VIC 3000 259 George Street, Sydney NSW 2000 Of GPO Box 264, Brisbane QLD 4001 PO Box 10,000, 1970 CA IJmuiden, The Netherlands PO Box 10,000, 1970 CA IJmuiden, The Netherlands

This notice of change of interests of substantial holder (ASIC Form 605) comprises 1 page/s in total.