AMP LIMITED — Major Shareholding Notification 2007

Jul 25, 2007

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Date: 26-Jul-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 Perseverance Corporation 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: Perseverance Corporation Limited ACN/ARSN: 010 650 049

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 24-Jul-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	71,729,748	10.06%	66,710,494	8.71%

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
12-Jul-07	AMP Capitial InvestorsLimited	Change in holding due to non-participation in capital raising	$44,383.17	Fully Paid OrdinaryShares -314,852	-314,852
16-Jul-07	Equipsuper	Change in holding due to non-participation in capital raising	-$705,660.30	Fully Paid OrdinaryShares-4,704,402	-4,704,402

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 is acontrolled body corporateof AMP Limited within themeaning of Section 608(3)of the Corporations Law	Fully Paid Ordinary:33,689,101	33,689,101
AMP Capital Investors Limited('AMP Capital')	Cogent Nominees PtyLimited	Cogent Nominees Pty Limited	AMP Capital, in its capacityas the investment managerfor the persons or trustslisted besides its name, hasthe power to control votingand/or the disposal ofsecurities. AMP Capital is acontrolled body corporateof AMP Limited within themeaning of Section 608(3)of the Corporations Law	Fully Paid Ordinary:13,501,037	13,501,037
	Cogent Nominees PtyLimited	Cogent Nominees Pty Limited		Fully Paid Ordinary:5,794,652	5,794,652
	Citicorp Nominees PtyLimited	Stichting PensionfondsHoogovens		Fully Paid Ordinary:704,084	704,084
	Goldman Sachs	AMP Capital InvestorsAustralian Long Short Fund		Fully Paid Ordinary:1,000,000	1,000,000
	JP Morgan NomineesAustralia Limited	Stichting Pensionfonds ABP		Fully Paid Ordinary:2,021,888	2,021,888
	JP Morgan NomineesAustralia Limited	LAMP		Fully Paid Ordinary:6,800,816	6,800,816
	JP Morgan NomineesAustralia Limited	QLD Local GovernmentSuperannuation Board		Fully Paid Ordinary:1,324,297	1,324,297
	National Nominees PtyLimited	Commonwealth Bank OfficersSuperannunation CorporationPty Ltd as trustee for theOfficers' Superannuation Fund		Fully Paid Ordinary:1,874,619	1,874,619
				Total:66,710,494

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
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
Pty Ltd
Equipsuper	171 Flinders Street, Melbourne VIC 3000
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
QLD Local Government Superannuation Board	Of GPO Box 264, Brisbane QLD 4001
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 notice of change of interests of substantial holder (ASIC Form 604) comprises 2 page/s in total.