AMP LIMITED — Major Shareholding Notification 2009

Dec 9, 2009

==> picture [130 x 52] intentionally omitted <==

Date: 10th December 2009 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 Stockland.

The enclosed ASIC Form 603 discloses all required details.

Yours faithfully,

Glen Moran Head of Corporate Actions BNP Paribas Securities Services Phone: 02 9222 0091

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: Stockland ACN/ARSN: 092 897 348 1. Details of substantial holder Name: AMP Limited (ACN 079 354 519) and its related bodies corporate. The holder became a substantial holder on 8th December 2009

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 Stapled Se	120,249,510	120,249,510		5.05%

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 of securities	Person's votes affected
AMP Life Limited ("AMP Life")	AMP Life is entitled to be the registered holder of the class and number of securities listed beside its name. AMP Life is a controlled body corporate of AMP Limited within the meaning of Section 608(3) of the Corporations Law	Fully Paid Ordinary Stapled Securities: 49,863,585	49,863,585
AMP Capital Investors (NZ) Limited (‘AMP Capital NZ’)	AMP Capital NZ is a controlled body corporate of AMP Limited within the meaning of Section 608(3) of the Corporations Law	Fully Paid Ordinary Stapled Securities: 1,662,565	1,662,565
AMP Capital Investors Limited ('AMP Capital')	AMP Capital, in its capacity as the investment manager for the persons or trusts listed besides its name in 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	Fully Paid Ordinary Stapled Securities: 61,815,012	61,815,012
AMP Capital Investors Limited as Responsible Entity of the Future Directions Australian Share Fund	AMP Capital Investors Limited is a controlled body corporate of AMP Limited within the meaning of Section 608(3) of the Corporations Law	Fully Paid Ordinary Stapled Securities: 1,542,868	1,542,868
AMP Capital Investors Limited as Responsible Entity of the EFM Listed Property Fund 1	AMP Capital Investors Limited is a controlled body corporate of AMP Limited within the meaning of Section 608(3) of the Corporations Law	Fully Paid Ordinary Stapled Securities: 2,726,096	2,726,096
AMP Capital Investors Limited as Responsible Entity of the EFM Australian Share Fund 2	AMP Capital Investors Limited is a controlled body corporate of AMP Limited within the meaning of Section 608(3) of the Corporations Law	Fully Paid Ordinary Stapled Securities: 1,807,728	1,807,728
AMP Capital Investors Limited as Future Directions Australian Share Fund	AMP Capital Investors Limited is a controlled body corporate of AMP Limited within the meaning of Section 608(3) of the Corporations Law	Fully Paid Ordinary Stapled Securities: 136,240	136,240
AMP Capital Investors Limited as Responsible Investment Leader Australian Share Fund	AMP Capital Investors Limited is a controlled body corporate of AMP Limited within the meaning of Section 608(3) of the Corporations Law	Fully Paid Ordinary Stapled Securities: 437,528	437,528
AMP Capital Investors Limited as Responsible Investment Leader Australian Share Fund	AMP Capital Investors Limited is a controlled body corporate of AMP Limited within the meaning of Section 608(3)of the Corporations Law	Fully Paid Ordinary Stapled Securities: 257,888	257,888

Total: 120,249,510

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 of securities	Person entitled to be registered as holder	Class and number of securities	Person’s votes affected
AMP Life Limited	AMP Life Limited	AMP Life Limited	Fully Paid Ordinary Stapled Securities: 49,863,585	49,863,585
AMP Capital Investors (NZ) Limited	New Zealand Central Securities Depository Limited	AMP Capital Investors (NZ) Limited	Fully Paid Ordinary Stapled Securities: 1,662,565	1,662,565
AMP Capital Investors Limited	Cogent Nominees Pty Limited	Cogent Nominees Pty Limited	Fully Paid Ordinary Stapled Securities: 24,698,889	24,698,889
	Cogent Nominees Pty Limited	Cogent Nominees Pty Limited	Fully Paid Ordinary Stapled Securities: 21,026,536	21,026,536
	National Nominees Pty Limited	Nikko AMP Global REIT Fund	Fully Paid Ordinary Stapled Securities: 10,695,190	10,695,190
	The Northern Trust Company	DBS Global Property Sector Fund	Fully Paid Ordinary Stapled Securities: 343,251	343,251
	The Northern Trust Company	UNWRA - GLPS Equities	Fully Paid Ordinary Stapled Securities: 355,340	355,340
	Citicorp Nominees Pty Limited	Stichting Pensionfonds Hoogovens	Fully Paid Ordinary Stapled Securities: 115,158	115,158
	Goldman Sachs	AMP Capital Investors Australian Equity Long Short Fund	Fully Paid Ordinary Stapled Securities: 278,102	278,102
	JP Morgan Nominees Australia Limited	Stichting Pensionfonds ABP	Fully Paid Ordinary Stapled Securities: 183,161	183,161
	JP Morgan Nominees Australia Limited	QLD Local Government Superannuation Board	Fully Paid Ordinary Stapled Securities: 19,133	19,133
	JP Morgan Nominees Australia Limited	DKA AMP Global REIT Mother Fund	Fully Paid Ordinary Stapled Securities: 856,155	856,155
	National Nominees Pty Limited	Government Employees Superannuation Board	Fully Paid Ordinary Stapled Securities: 951,800	951,800
	National Nominees Pty Limited	Telstra Listed Property Trust	Fully Paid Ordinary Stapled Securities: 2,292,297	2,292,297
AMP Capital Investors Limited as Responsible Entity of the Future Directions Enhanced Index Global Property Securities Fund	Cogent Nominees Pty Limited	AMP Capital Investors Limited	Fully Paid Ordinary Stapled Securities: 1,542,868	1,542,868
AMP Capital Investors Limited as Responsible Entity of the EFM Listed Property Fund 1	Cogent Nominees Pty Limited	AMP Capital Investors Limited	Fully Paid Ordinary Stapled Securities: 2,726,096	2,726,096
AMP Capital Investors Limited as Responsible Entity of the EFM Australian Share Fund 2	Cogent Nominees Pty Limited	AMP Capital Investors Limited	Fully Paid Ordinary Stapled Securities: 1,807,728	1,807,728
AMP Capital Investors Limited as Future Directions Australian Share Fund	Cogent Nominees Pty Limited	AMP Capital Investors Limited	Fully Paid Ordinary Stapled Securities: 136,240	136,240
AMP Capital Investors Limited as Responsible Investment Leader Australian Share Fund	Cogent Nominees Pty Limited	AMP Capital Investors Limited	Fully Paid Ordinary Stapled Securities: 437,528	437,528
AMP Capital Investors Limited as Responsible Investment Leader Australian Share Fund	Cogent Nominees Pty Limited	AMP Capital Investors Limited	Fully Paid Ordinary Stapled Securities: 257,888	257,888

Total: 120,249,510

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 of securities
AMP Capitial Investors Limited	11-Aug-2009 to 8-Dec- 2009	$95,233,151.37	Fully Paid Ordinary Stapled Securities 25,192,274
AMP Henderson Global Investors(NZ)Limited	12-Aug-2009 to 8-Dec- 2009	$5,309,161.95	Fully Paid Ordinary Stapled Securities 1,365,868
AMP Life Limited	12-Aug-2009 to 8-Dec- 2009	$62,971,994.77	Fully Paid Ordinary Stapled Securities 16,828,283
Cogent Nominees PtyLimited	21-Aug-2009 to 1-Dec- 2009	$6,193,097.70	Fully Paid Ordinary Stapled Securities 1,561,610
Cogent Nominees Pty Limited	21-Aug-2009 to 11-Nov- 2009	$1,259,713.44	Fully Paid Ordinary Stapled Securities 344,197
Government Employees Superannuation Board	21-Aug-2009 to 11-Nov- 2009	$922,365.93	Fully Paid Ordinary Stapled Securities 259,160
Queensland Local Government Superannuation Board	21-Aug-2009 to 7-Sep- 2009	$89,945.21	Fully Paid Ordinary Stapled Securities 25,633
StichtingPensioenfolds - ABP	21-Aug-2009 to 7-Sep- 2009	$837,946.37	Fully Paid Ordinary Stapled Securities 239,131
Stichting Pensioenfolds Hoogovens	21-Aug-2009 to 7-Sep- 2009	$130,916.59	Fully Paid Ordinary Stapled Securities 37,366

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
AMP Capital Investors (NZ) Limited	City Tower, 95 Custom House Quay, Wellington, N.Z
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
Government Employee Superannuation Board	PO Box J755, Perth WA 6842
Henderson Global Investors Limited	3 Finsbury Ave, London EC2M 2PA, United Kingdom
JP Morgan Nominees Australia Limited	259 George Street, Sydney NSW 2000
National Nominees Pty Limited	271 Collins Street, Melbourne VIC 3000
New Zealand Central Securities Depository Limited	PO Box 2099, Wellington, New Zealand
Nikko AMP Global REIT Fund	1-1-3 Yurakucho Chiyoda-ku, Tokyo 100-0006 Japa
QLD Local Government Superannuation Board	Of GPO Box 264, Brisbane QLD 4001
Stichting Pensioenfonds Hoogovens	PO Box 10,000, 1970 CA IJmuiden, The Netherland
Stichting Pensioenfonds ABP	PO Box 10,000, 1970 CA IJmuiden, The Netherland
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 3 page/s in total.