AMP LIMITED — Major Shareholding Notification 2009

Jul 27, 2009

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Date: 28th July 2009

The Manager Listings Department Australian Stock Exchange Limited

No. of Pages (incl.): 3

NOTICE OF INITIAL SUBSTANTIAL HOLDER

Dear Sir/Madam,

Pursuant to Section 671B of the Corporations Law, AMP Limited discloses a substantial holding in Fisher & Paykel Appliances Holdings 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: Fisher & Paykel Appliances Holdings Limited ACN/ARSN: 65 098 026 263

1. Details of substantial holder

Name: AMP Limited (ACN 079 354 519) and its related bodies corporate. The holder became a substantial holder on 24th July 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	39,286,706		39,286,706		5.42%

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: 723,540	723,540
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: 35,786,706	35,786,706
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: 2,776,460	2,776,460
Total: 39,286,706

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: 723,540	723,540
AMP Capital Investors (NZ) Limited	AMP Custodian Services (NZ)Limited	Comm Trust of Southland	Fully Paid Ordinary: 582,111	582,111
	Guardians of New Zealand Superannuation	NZ Superannuation Fund	Fully Paid Ordinary: 9,712,279	9,712,279
	NZGT Nominees Limited, Nominee for the New Zealand Guardian Trust Company	AMPCI NZ Shares Fund	Fully Paid Ordinary: 9,054,134	9,054,134
	NZGT Nominees Limited, Nominee for the New Zealand Guardian Trust Company	AMPCI Strategic NZ Shares Fund	Fully Paid Ordinary: 15,962,857	15,962,857
	NZGT Nominees Limited, Nominee for the New Zealand Guardian Trust Company	AMPCI NZ Equity	Fully Paid Ordinary: 85,643	85,643
	Tracker Nominees Limited, Nominee for the New Zealand Guardian Trust Company	AMPI Tracker Fund	Fully Paid Ordinary: 389,682	389,682
AMP Capital Investors Limited	Cogent Nominees Pty Limited	Cogent Nominees Pty Limited	Fully Paid Ordinary: 2,258,494	2,258,494
	JP Morgan Nominees AustraliaLimited	ARIA scheme	Fully Paid Ordinary: 276,392	276,392
	National Nominees Pty Limited	Christian Superannuation Fund	Fully Paid Ordinary: 75,477	75,477
	National Nominees Pty Limited	Government Employees Superannuation Board of WA -SustainableFund	Fully Paid Ordinary: 166,097	166,097
	Total: 39,286,706

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 Henderson Global Investors(NZ)Limited	Share acquisition	$15,304,925.24	Fully Paid Ordinary 30,325,061
AMP Life Limited	Share acquisition	$484,001.25	Fully Paid Ordinary 723,540
ARIA Scheme	Share acquisition	$184,888.29	Fully Paid Ordinary 276,392
Christian Superannuation Fund	Share acquisition	$50,489.20	Fully Paid Ordinary 75,477
Government Employees Superannuation Board	Share acquisition	$111,108.11	Fully Paid Ordinary 166,097
Cogent Nominees PtyLimited	Share acquisition	$1,510,785.73	Fully Paid Ordinary 2,258,494

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

_Name and ACN(if applicable) _	Nature of association
AMP Life Limited (ACN 079 300 379)	Related bodies corporate of AMP Limited under Part 1.2 of the Corporations Law.
AMPCapital InvestorsLimited	Related bodies corporate of AMP Limited under Part1.2ofthe CorporationsLaw.

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.
Cogent Nominees Pty Limited	Level 6, 60 Castlereagh Street, Sydney NSW 2000
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

This Initial Substantial Holder Notice (ASIC Form 603) comprises 2 page/s in total.