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.): 4

NOTICE OF INITIAL SUBSTANTIAL HOLDER

Dear Sir/Madam,

Pursuant to Section 671B of the Corporations Law, AMP Limited discloses a substantial holding in MFS 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: MFS Limited ACN/ARSN: 107 863 436

1. Details of substantial holder

Name: AMP Limited (ACN 079 354 519) and its related bodies corporate. The holder became a substantial holder on 30-Jul-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	23,730,735		23,730,735		5.04%

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:

		Class and number of		Person's votes
Holder of relevant interest	Nature of relevant interests	securities		affected
AMP Life Limited ("AMP Life")	AMP Life is entitled to be the registered holder of the	Fully Paid Ordinary:		6,614,166
	class and number of securities listed beside its name.	6,614,166
	AMP Life is a controlled body corporate of AMP Limited
	within the meaning of Section 608(3) of the
	Corporations Law
AMP Capital Investors Limited	AMP Capital, in its capacity as the investment manager	Fully Paid Ordinary:		16,051,319
('AMP Capital')	for the persons or trusts listed besides its name in	16,051,319
	Paragraph 4, 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	AMP Capital Investors Limited is a controlled body	Fully Paid Ordinary:		286,310
as Responsible Entity of the	corporate of AMP Limited within the meaning of Section	286,310
Future Directions Australian	608(3) of the Corporations Law
Small Companies Fund
AMP Capital Investors Limited	AMP Capital Investors Limited is a controlled body	Fully Paid Ordinary:		778,940
as Future Directions	corporate of AMP Limited within the meaning of Section	778,940
Australian Share Fund	608(3) of the Corporations Law
			Total:	23,730,735

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	Registered holder of	Registered holder of				Person’s votes	Person’s votes
		Registered holder of		Person entitled to be	Class and number of	Person’s votes
	Holder of relevant interest	securities		registered as holder	securitiesa	ffected
	AMP Life Limited	AMP Life Limited		AMP Life Limited	Fully Paid Ordinary:6,614,166	6,614,166
	AMP Capital Investors Limited	Cogent Nominees PtyLimited		Cogent Nominees PtyLimited	Fully Paid Ordinary:6,814,695	6,814,695
		Cogent Nominees PtyLimited		Cogent Nominees PtyLimited	Fully Paid Ordinary:712,274	712,274
		Citicorp Nominees PtyLimited		Stichting PensionfondsHoogovens	Fully Paid Ordinary:180,162	180,162
		Goldman Sachs		AMP Capital InvestorsAustralian Equity LongShortFund	Fully Paid Ordinary: 29,563	29,563
		JP Morgan NomineesAustraliaLimited		Stichting PensionfondsABP	Fully Paid Ordinary:878,502	878,502
		JP Morgan NomineesAustraliaLimited		LAMP	Fully Paid Ordinary:3,131,643	3,131,643
		JP Morgan NomineesAustralia Limited		Alternative Fixed IncomeFund - Investing Trust No.1
		JP Morgan Nominees		QLD Local Government	Fully Paid Ordinary:	318679
		AustraliaLimited		Superannuation Board	318,679	,
		JP Morgan NomineesAtliLiitd		State AuthoritySti Sh	Fully Paid Ordinary:798772	798,772
		usraame		uperannuaonceme	,
		JP Morgan NomineesAustraliaLimited		Public Sector SuperScheme	Fully Paid Ordinary:684,335	684,335
		JP Morgan NomineesAustralia Limited		State AuthoritySuperannuation EnhancedIndex Share Fund	Fully Paid Ordinary:115,560	115,560
		National Nominees PtyLimited		Government EmployeesSuperannuation Board	Fully Paid Ordinary:634,451	634,451
		National Nominees PtyLimited		Commonwealth BankOfficers Suerannunation	Fully Paid Ordinary:478106	478,106
				pCorporation Pty Ltd astrustee for the Officers'Si Fd	,
				uperannuaton un
		National Nominees PtyLimited		Government EmployeesSuperannuation Board of	Fully Paid Ordinary:340,051	340,051
				WA -SustainableFund
		National Nominees PtyLimited		Equipsuper	Fully Paid Ordinary:412,076	412,076
		National Nominees PtyLimited		Unisuper	Fully Paid Ordinary:522,450	522,450
	AMP Capital Investors Limitedas Responsible Entity of theFuture Directions AustralianSmall Companies Fund	Cogent Nominees PtyLimited		AMP Capital InvestorsLimited	Fully Paid Ordinary:286,310	286,310
	AMP Capital Investors Limitedas Future DirectionsAustralian Share Fund	Cogent Nominees PtyLimited		AMP Capital InvestorsLimited	Fully Paid Ordinary:778,940	778,940
		Total:23,730,735

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:

			Class and number of
Holder of relevant interest	Date of acquisition	Consideration	securities
AMP Capitial Investors	20-Apr-2007 to 15-May-		Fully Paid Ordinary
Limited	2007	$6,111,235.00	1,509,318
			Fully Paid Ordinary
AMP Life Limited	2-Apr-2007 to 30-Jul-2007	$4,325,861.81	761,258
			Fully Paid Ordinary
Asgard SMA No. 6	5-Apr-07	$218.53	41
			Fully Paid Ordinary
Cogent Nominees PtyLimited	2-May-07	$1,248,442.88	205,336
Cogent Nominees Pty Limited			Fully Paid Ordinary
	18-Jul-2007 to 30-Jul-2007	$1,439,320.16	257,062
			Fully Paid Ordinary
Equipsuper	26-Jun-07	$288,885.93	52,467
Government Employees			Fully Paid Ordinary
Superannuation Board	4-Apr-2007 to 30-Jul-2007	$2,839,578.53	525,689
			Fully Paid Ordinary
LAMP	7-May-2007 to 27-Jul-2007	$4,603,770.76	785,862
Queensland Local
Government Superannuation	30-Mar-2007 to 30-Jul-		Fully Paid Ordinary
Board	2007	$370,467.35	68,383
State Authority	18-Apr-2007 to 10-May-		Fully Paid Ordinary
Superannuation Scheme	2007	$923,176.90	144,666
	30-Mar-2007 to 30-Jul-		Fully Paid Ordinary
StichtingPensioenfolds - ABP	2007	$1,947,062.03	355,242
Stichting Pensioenfolds			Fully Paid Ordinary
Hoogovens	18-Jul-2007 to 30-Jul-2007	$170,774.05	31,000

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
Asgard Capital Management Limited	PO Box 7817, Cloisters Square WA 6850
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
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
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
Unisuper Limited	Level 28, 367 Collins Street, Melbourne 3000

This Initial Substantial Holder Notice (ASIC Form 603) comprises 3 page/s in total.