AMP LIMITED — Major Shareholding Notification 2009

Jan 14, 2009

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Date: 15th January 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 ING Industrial Fund.

The enclosed ASIC Form 605 discloses all required details.

Yours faithfully,

Justin Christopher Head of Custody BNP Paribas Securities Services Phone: 02 9222 0029

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: ING Industrial Fund ACN/ARSN: 089 038 175

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 13th January 2009 The previous notice was given to the company on 28-Jul-2008 The previous notice was dated 24-Jul-2008

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:

	Person whose relevant interest		Consideration given in	Class and number of	Person’s votes
Date of change	changed	_Nature of change _	_relation to change _	securities affected	affected
				Fully Paid Ordinary Units
6-Aug-2008 to 7-Nov-2008	AMP Capitial Investors Limited	Share acquisition	$2,362,727.59	1,735,047	1,735,047
				Fully Paid Ordinary Units
31-Jul-2008 to 17-Oct-2008	AMP Life Limited	Share acquisition	$6,330,416.26	4,649,121	4,649,121
				Fully Paid Ordinary Units
5-Aug-2008 to 4-Sep-2008	AMPCI KGR Reit USD Fund	Share acquisition	$20,036.22	14,096	14,096
	Cogent Investment Operations Pty			Fully Paid Ordinary Units
25-Jul-2008 to 4-Sep-2008	Limited <Non Resident A/c>	Share acquisition	$220,663.30	144,838	144,838
				Fully Paid Ordinary Units
1-Aug-2008 to 31-Oct-2008	Cogent Nominees PtyLimited	Share acquisition	$2,175,290.95	1,470,795	1,470,795
				Fully Paid Ordinary Units
27-Aug-2008 to 24-Sep-2008	Cogent Nominees PtyLimited	Share acquisition	$1,695,024.35	1,088,208	1,088,208
	Cogent Nominees Pty Limited			Fully Paid Ordinary Units
5-Aug-2008 to 24-Sep-2008		Share acquisition	$3,742,189.60	2,519,599	2,519,599
				Fully Paid Ordinary Units
24-Jun-2008 to 4-Sep-2008	DBS Global PropertySector Fund	Share acquisition	$53,436.15	36,808	36,808
				Fully Paid Ordinary Units
15-Sep-2008 to 22-Oct-2008	DBS Global PropertySector Fund	Share disposal	-$56,223.81	-44,760	-44,760
				Fully Paid Ordinary Units
28-Jul-2008 to 10-Sep-2008	Nikko AMP Global REIT Fund	Share acquisition	$2,776,980.07	1,925,993	1,925,993
				Fully Paid Ordinary Units
7-Aug-2008 to 19-Aug-2008	Telstra Listed PropertyTrust	Share acquisition	$276,716.72	189,389	189,389

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 AMP Capital Investors Limited Cogent Investment Operations Pty Limited Cogent Nominees Pty Limited DBS Global Property Sector Fund Nikko AMP Global REIT Fund Telstra Listed Property Trust

Level 24, 33 Alfred Street, Sydney NSW 2000 Level 22, 33 Alfred Street, Sydney NSW 2000 Level 6, 60 Castlereagh Street, Sydney NSW 2000 Level 6, 60 Castlereagh Street, Sydney NSW 2000 8 Cross Street, # 27-01 PWC Building, Singapore 048424 1-1-3 Yurakucho Chiyoda-ku, Tokyo 100-0006 Japan Level 3, 215 Spring Street, Melbourne VIC 3000

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