AMP LIMITED — Major Shareholding Notification 2009

Jul 1, 2009

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Date:

2-Jul-09

The Manager Listings Department Australian Stock Exchange Limited

No. of Pages (incl.): 2

NOTICE OF PERSON CEASING TO BE A SUBSTANTIAL HOLDER

Dear Sir/Madam,

Pursuant to Section 671 of the Corporations Law, AMP Limited hereby advises that it is no longer a substantial holder in PanAust Limited.

The enclosed ASIC Form 605 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 605 Corporations Law Section 671B Notice of Ceasing to be a Substantial Holder

To: PanAust Limited

ACN/ARSN: 17 011 065 160

1. Details of substantial holder

Name: AMP Limited ACN 079 354 519 and its related bodies corporate.

The holder ceased to be a substantial holder on 30th June 2009 The previous notice was given to the company on 12-Jun-2009 The previous notice was dated 10-Jun-2009

2. 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 securities affected	Person’s votes affected
19-Jun-2009 to 26-Jun-2009	AMP Capitial Investors Limited	Share acquisition	$256,845.90	Fully Paid Ordinary Shares 696,354	696,354
16-Jun-2009 to 23-Jun-2009	AMP Capitial Investors Limited	Share disposal	-$700,915.87	Fully Paid Ordinary Shares -1,995,273	-1,955,273
22-Jun-2009 to 29-Jun-2009	AMP Life Limited	Share acquisition	$1,883,891.08	Fully Paid Ordinary Shares 5,260,000	5,260,000
18-Jun-2009 to 26-Jun-2009	AMP Life Limited	Share disposal	-$65,294.96	Fully Paid Ordinary Shares -187,900	-187,900
22-Jun-2009 to 29-Jun-2009	Cogent Nominees PtyLimited	Share acquisition	$111,027.81	Fully Paid Ordinary Shares 310,000	310,000
26-Jun-09	Cogent Nominees PtyLimited	Share disposal	-$11,297.10	Fully Paid Ordinary Shares -30,600	-30,600
22-Jun-2009 to 29-Jun-2009	Cogent Nominees Pty Limited	Share acquisition	$288,314.13	Fully Paid Ordinary Shares 805,000	805,000
22-Jun-2009 to 26-Jun-2009	Cogent Nominees Pty Limited	Share disposal	-$9,594.85	Fully Paid Ordinary Shares -25,300	-25,300
22-Jun-2009 to 29-Jun-2009	Commonwealth Bank Officers Superannunation Corporation Pty Ltd A/T for the Officers' Superannuation Fund.	Share acquisition	$98,492.39	Fully Paid Ordinary Shares 275,000	275,000
22-Jun-2009 to 29-Jun-2009	Government Employees Superannuation Board	Share acquisition	$447,692.76	Fully Paid Ordinary Shares 1,250,000	1,250,000
22-Jun-2009 to 29-Jun-2009	Queensland Local Government Superannuation Board	Share acquisition	$71,630.87	Fully Paid Ordinary Shares 200,000	200,000
22-Jun-2009 to 24-Jun-2009	StichtingPensioenfolds - ABP	Share acquisition	$419,020.16	Fully Paid Ordinary Shares 1,165,711	1,165,771
22-Jun-2009 to 29-Jun-2009	StichtingPensioenfolds Hoogovens	Share acquisition	$89,521.56	Fully Paid Ordinary Shares 250,000	250,000

3. 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 holder in relation to voting interests in the company or scheme are as follows:

Name and ‘ACN Nature of association No Changes

4. Addresses

The addresses of persons named in this form are as follows:

Name Address

AMP Limited Level 24, 33 Alfred Street, Sydney NSW 2000 AMP Capital Investors Limited City Tower, 95 Custom House Quay, Wellington, N.Z. Cogent Nominees Pty Limited Level 6, 60 Castlereagh Street, Sydney NSW 2000 Commonwealth Bank Officers Superannuation Corporation Pty Ltd 9th Floor, 48 Martin Place, Sydney NSW 2000 Government Employee Superannuation Board PO Box J755, Perth WA 6842 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 605) comprises 1 page/s in total.