AMP LIMITED — Major Shareholding Notification 2009

May 21, 2009

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Date:

22nd May 2009

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 Australian Infrastructure Fund.

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:

Australian Infrastructure Fund

ACN/ARSN: 063 935 553 & 089 889 761

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 20th May 2009 The previous notice was given to the company on 06-Mar-2009 The previous notice was dated 05-Mar-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
21-Apr-09	AMP Capitial Investors Limited	Share acquisition	$31,329.34	Fully Paid Ordinary Units 20,676	20,676
5-May-2009 to 14-May-2009	AMP Life Limited	Share acquisition	$374,135.03	Fully Paid Ordinary Units 216,955	216,955
14-May-2009 to 20-May-2009	AMP Life Limited	Share disposal	-$598,895.18	Fully Paid Ordinary Units -347,377	-347,377
15-May-2009 to 20-May-2009	ARIA Scheme	Share disposal	-$134,450.55	Fully Paid Ordinary Units -78,951	-78,951
8-Apr-2009 to 4-May-2009	Cogent Nominees Pty Limited	Share acquisition	$668,581.20	Fully Paid Ordinary Units 428,498	428,498
15-May-2009 to 20-May-2009	Cogent Nominees Pty Limited	Share disposal	-$1,068,555.76	Fully Paid Ordinary Units -627,469	-627,469
15-May-2009 to 20-May-2009	Christian Superannuation Fund	Share disposal	-$36,770.34	Fully Paid Ordinary Units -21,592	-21,592
27-Mar-2009 to 20-May-2009	Government Employees Superannuation Board	Share disposal	-$164,863.29	Fully Paid Ordinary Units -100,391	-100,391
1-Apr-2009 to 6-May-2009	Queensland Local Government Superannuation Board	Share acquisition	$32,322.50	Fully Paid Ordinary Units 20,000	20,000
15-Apr-09	StichtingPensioenfolds - ABP	Share acquisition	$63,483.42	Fully Paid Ordinary Units 40,000	40,000
4-May-09	Stichting Pensioenfolds Hoogovens	Share acquisition	$7,776.27	Fully Paid Ordinary Units 5,000	5,000

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 Life Limited Level 24, 33 Alfred Street, Sydney NSW 2000 AMP Capital Investors Limited Level 22, 33 Alfred Street, Sydney NSW 2000 Cogent Nominees Pty Limited Level 6, 60 Castlereagh Street, Sydney NSW 2000 Government Employee Superannuation Board PO Box J755, Perth WA 6842 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

AMP Life Limited AMP Capital Investors Limited Cogent Nominees Pty Limited Government Employee Superannuation Board JP Morgan Nominees Australia Limited National Nominees Pty Limited QLD Local Government Superannuation Board Stichting Pensioenfonds Hoogovens Stichting Pensioenfonds ABP

This notice of change of interests of substantial holder (ASIC Form 605) comprises 1 page/s in total.