AMP LIMITED — Major Shareholding Notification 2009

Nov 11, 2009

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Date:

12th November, 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 Fletcher Building Limited.

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: Fletcher Building Limited ACN/ARSN: 096 046 936

1. Details of substantial holder

Name: AMP Limited (ACN 079 354 519) and its related bodies corporate. The holder became a substantial holder on 10th November, 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 30,301,913 30,301,913 5.00%

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: 2,215,215	2,215,215
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: 16,437,156	16,437,156
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: 5,249,994	5,249,994
AMP Capital Investors Limited as Responsible Entity of the Future Directions Australian Share 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: 2,383,248	2,383,248
AMP Capital Investors Limited as Responsible Entity of the EFM Australian Share Fund 5	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: 395,825	395,825
AMP Capital Investors Limited as Responsible Entity of the EFM Australian Share Fund 6	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: 2,759,684	2,759,684
AMP Capital Investors Limited as Responsible Entity of the EFM Listed Property Fund 7	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: 860,791	860,791
Total: 30,301,913

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: 2,215,215	2,215,215
AMP Capital Investors (NZ) Limited	NZGT Nominees Limited, Nominee for the New Zealand Guardian Trust Company	AMPCI NZ Equity	Fully Paid Ordinary: 10,628	10,628
	NZGT Nominees Limited, Nominee for the New Zealand Guardian Trust Company	AMPCI NZ Shares Fund	Fully Paid Ordinary: 5,578,401	5,578,401
	NZGT Nominees Limited, Nominee for the New Zealand Guardian Trust Company	AMPCI Strategic NZ Shares Fund	Fully Paid Ordinary: 4,106,428	4,106,428
	NZGT Nominees Limited, Nominee for the New Zealand Guardian Trust Company	AMPCI Responsible Investment	Fully Paid Ordinary: 3,800	3,800
	AMP Custodian Services (NZ)Limited	Comm Trust of Southland	Fully Paid Ordinary: 142,818	142,818
	BNP Paribas Fund Services Australasia PTY Limited	NZ Equity Index Portfolio	Fully Paid Ordinary: 158,863	158,863
	Guardians of New Zealand Superannuation	NZ Superannuation Fund	Fully Paid Ordinary: 6,436,218	6,436,218

AMP Capital Investors Limited	Cogent Nominees Pty Limited	Cogent Nominees Pty Limited	Fully Paid Ordinary: 4,046,682	4,046,682
	Citicorp Nominees Pty Limited	Stichting Pensionfonds Hoogovens	Fully Paid Ordinary: 39,739	39,739
	Goldman Sachs	AMP Capital Investors Australian Equity Long Short Fund	Fully Paid Ordinary: 62,075	62,075
	Citicorp Nominees Pty Limited	AMPCI Sustainable Extended Alpha Fund	Fully Paid Ordinary: 203,420	203,420
	JP Morgan Nominees Australia Limited	Stichting Pensionfonds ABP	Fully Paid Ordinary: 264,482	264,482
	JP Morgan Nominees Australia Limited	QLD Local Government Superannuation Board	Fully Paid Ordinary: 29,582	29,582
	National Nominees Pty Limited	Government Employees Superannuation Board	Fully Paid Ordinary: 206,144	206,144
	National Nominees Pty Limited	Christian Superannuation Fund	Fully Paid Ordinary: 127,389	127,389
	National Nominees Pty Limited	Government Employees Superannuation Board of WA-Sustainable Fund	Fully Paid Ordinary: 270,481	270,481
AMP Capital Investors Limited as Responsible Entity of the Future Directions Australian Share Fund 1	Cogent Nominees Pty Limited	AMP Capital Investors Limited	Fully Paid Ordinary: 2,383,248	2,383,248
AMP Capital Investors Limited as Responsible Entity of the EFM Australian Share Fund 5	Cogent Nominees Pty Limited	AMP Capital Investors Limited	Fully Paid Ordinary: 395,825	395,825
AMP Capital Investors Limited as Responsible Entity of the EFM Australian Share Fund 6	Cogent Nominees Pty Limited	AMP Capital Investors Limited	Fully Paid Ordinary: 2,759,684	2,759,684
AMP Capital Investors Limited as Responsible Entity of the EFM Australian Share Fund 7	Cogent Nominees Pty Limited	AMP Capital Investors Limited	Fully Paid Ordinary: 860,791	860,791
	Total: 30,301,913

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	28-Jul-2009 to 9-Nov-2009	$7,368,092.09	Fully Paid Ordinary 1,276,231
AMP Henderson Global Investors(NZ)Limited	23-Jul-2009 to 2-Nov-2009	$7,237,160.77	Fully Paid Ordinary 1,188,363
AMP Life Limited	13-Jul-2009 to 10-Nov- 2009	$11,594,135.97	Fully Paid Ordinary 1,888,658
AMPCI Sustainable Extended Alpha Fund	25-Aug-2009 to 11-Sep- 2009	$1,345,726.91	Fully Paid Ordinary 210,898
ARIA Scheme	13-Jul-2009 to 14-Aug- 2009	$1,623,198.19	Fully Paid Ordinary 273,883
Christian Superannuation Fund	13-Jul-2009 to 14-Aug- 2009	$443,164.58	Fully Paid Ordinary 74,775
Cogent Nominees Pty Limited	12-Jul-2009 to 10-Nov- 2009	$15,134,069.61	Fully Paid Ordinary 2,531,697
Government Employees Superannuation Board	13-Jul-2009 to 21-Sep- 2009	$2,259,438.54	Fully Paid Ordinary 370,666
Queensland Local Government Superannuation Board	12-Aug-2009 to 4-Sep- 2009	$184,117.91	Fully Paid Ordinary 29,582
StichtingPensioenfolds - ABP	12-Aug-2009 to 21-Sep- 2009	$1,648,867.06	Fully Paid Ordinary 264,482
Stichting Pensioenfolds Hoogovens	12-Aug-2009 to 21-Sep- 2009	$247,743.27	Fully Paid Ordinary 39,739

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