AMP LIMITED — Major Shareholding Notification 2007

Jul 9, 2007

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Date: 10-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

Notice of Change of Interests of Substantial Holder

Form 604 Corporations Law Section 671B

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 05-Jul-2007 The previous notice was given to the company on 29-Mar-2007 The previous notice was dated 27-Mar-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 votes Voting power Previous notice	Person’s votes Voting power Previous notice	Person’s votes Voting power Present notice	Person’s votes Voting power Present notice
FullyPaid Ordinary	79,607,253	11.17%	71,729,748	10.06%

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 relevant interest changed	_Nature of change _	Consideration given in _relation to change _	Class and number of shares affected	Person’s votes affected
20-Apr-2007 to 18-Jun-2007	AMP Capitial Investors Limited	Share acquisition	$569,628.51	Fully Paid Ordinary Shares 1,604,031	1,604,031
10-May-2007 to 5-Jul-2007	AMP Capitial Investors Limited	Share disposal	-$271,567.44	Fully Paid Ordinary Shares -1,289,179	-1,289,179
1-May-07	AMP Life Limited	Share acquisition	$79,915.22	Fully Paid Ordinary Shares 207,572	207,572
1-May-2007 to 3-Jul-2007	AMP Life Limited	Share disposal	-$223,387.47	Fully Paid Ordinary Shares -737,781	-737,781
13-Jun-07	Cogent Nominees Pty Limited	Share acquisition	$848,460.48	Fully Paid Ordinary Shares 2,769,700	2,769,700
1-May-2007 to 19-Jun-2007	Cogent Nominees Pty Limited	Share disposal	-$81,542.39	Fully Paid Ordinary Shares -228,710	-228,710
22-Jun-07	Cogent Nominees Pty Limited	Share acquisition	$445,294.78	Fully Paid Ordinary Shares 1,500,000	1,500,000
17-Apr-2007 to 3-Jul-2007	Cogent Nominees Pty Limited	Share disposal	-$941,185.94	Fully Paid Ordinary Shares -2,257,662	-2,257,662
2-Jul-2007 to 3-Jul-2007	Commonwealth Bank Officers Superannunation Corporation Pty Ltd A/T for the Officers' Superannuation Fund.	Share disposal	-$71,894.24	Fully Paid Ordinary Shares -329,935	-329,935
2-Jul-2007 to 3-Jul-2007	Equipsuper	Share disposal	-$213,056.92	Fully Paid Ordinary Shares -959,554	-959,554
2-Jul-2007 to 3-Jul-2007	LAMP	Share disposal	-$308,046.04	Fully Paid Ordinary Shares -1,387,159	-1,387,159
2-Jul-2007 to 3-Jul-2007	Queensland Local Government Superannuation Board	Share disposal	-$56,132.79	Fully Paid Ordinary Shares -257,603	-257,603
2-Jul-2007 to 3-Jul-2007	Stichting Pensioenfolds - ABP	Share disposal	-$87,112.43	Fully Paid Ordinary Shares -399,728	-399,728
2-Jul-2007 to 3-Jul-2007	Stichting Pensioenfolds Hoogovens	Share disposal	-$26,825.13	Fully Paid Ordinary Shares -123,091	-123,091
26-Jun-07	Telstra Super PtyLtd	Share disposal	-$1,736,637.74	Fully Paid Ordinary Shares -5,988,406	-5,988,406

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 of securities	Person entitled to be registered as holder	Nature of relevant interest	Class and number of securities	Person’s votes affected
AMP Life Limited	AMP Life Limited	AMP Life Limited	AMP Life is entitled to be the registered holder of the class and number of securities listed beside its name AMP Life Limited is a controlled body corporate of AMP Limited within the meaning 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 Pty Limited	Cogent Nominees Pty Limited Accounts>	AMP Capital, in its capacity as the investment manager for the persons or trusts listed besides its name, 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	Fully Paid Ordinary: 13,501,037	13,501,037
	Cogent Nominees Pty Limited	Cogent Nominees Pty Limited		Fully Paid Ordinary: 5,794,652	5,794,652
	Citicorp Nominees Pty Limited	Stichting Pensionfonds Hoogovens		Fully Paid Ordinary: 704,084	704,084
	Goldman Sachs	AMP Capital Investors Australian Long Short Fund		Fully Paid Ordinary: 1,000,000	1,000,000
	JP Morgan Nominees AustraliaLimited	Stichting Pensionfonds ABP		Fully Paid Ordinary: 2,021,888	2,021,888
	JP Morgan Nominees AustraliaLimited	LAMP		Fully Paid Ordinary: 6,800,816	6,800,816
	JP Morgan Nominees Australia Limited	QLD Local Government Superannuation Board		Fully Paid Ordinary: 1,324,297	1,324,297
	National Nominees Pty Limited	Commonwealth Bank Officers Superannunation Corporation Pty Ltd as trustee for the Officers' Superannuation Fund		Fully Paid Ordinary: 1,874,619	1,874,619
	National Nominees Pty Limited	Equipsuper		Fully Paid Ordinary: 4,704,402	4,704,402
AMP Capital Investors Limited as Future Directions Australian Small Companies Fund	Cogent Nominees Pty Limited	AMP Capital Investors Limited		Fully Paid Ordinary: 314,852	314,852

Total: 71,729,748

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
Telstra Super Pty Ltd	Level 3, 215 Spring Street, Melbourne 3000

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