AMP LIMITED — Major Shareholding Notification 2009

Jan 7, 2009

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Date: 8th January 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 Macquarie Office Trust.

The enclosed ASIC Form 603 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 603 Corporations Law Section 671B Notice of Initial Substantial Holder

To: Macquarie Office Trust ACN/ARSN: 093 016 838

1. Details of substantial holder

Name: AMP Limited (ACN 079 354 519) and its related bodies corporate. The holder became a substantial holder on 6th January 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 Units 197,324,910 197,324,910 5.23%

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 Units: 87,431,743	87,431,743
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 Units: 90,067,330	90,067,330
AMP Capital Investors Limited as Responsible Entity of the Future Directions Australian Share Fund	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 Units: 453,030	453,030
AMP Capital Investors Limited as Responsible Entity of the EFM Listed Property 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 Units: 12,247,722	12,247,722
AMP Capital Investors Limited as Responsible Entity of the EFM 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 Units: 7,104,985	7,104,985
AMP Capital Investors Limited in it's capacity as Responsible Entity of the Future Directions US Small Companies Fund (AxaAsiaEx-Japan)	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 Units: 20,100	20,100
Total: 197,324,910

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 Units: 87,431,743	87,431,743
AMP Capital Investors Limited	Cogent Nominees Pty Limited	Cogent Nominees Pty Limited	Fully Paid Ordinary Units: 52,327,892	52,327,892
	Cogent Nominees Pty Limited	Cogent Nominees Pty Limited	Fully Paid Ordinary Units: 20,764,505	20,764,505
	Cogent Investment Operations Pty Limited	Cogent Investment Operations Pty Limited	Fully Paid Ordinary Units: 357,918	357,918
	National Nominees Pty Limited	Nikko AMP Global REIT Fund	Fully Paid Ordinary Units: 8,748,306	8,748,306
	The Northern Trust Company	DBS Global Property Sector Fund	Fully Paid Ordinary Units: 533,841	533,841
	The Northern Trust Company	AMPCI KGR Reit USD Fund	Fully Paid Ordinary Units: 11,917	11,917
	The Northern Trust Company	UNWRA - GLPS Equities	Fully Paid Ordinary Units: 657,166	657,166
	Citicorp Nominees Pty Limited	Stichting Pensionfonds Hoogovens	Fully Paid Ordinary Units: 180,980	180,980
	Goldman Sachs	AMP Capital Investors Australian Equity Long ShortFund	Fully Paid Ordinary Units: 468,144	468,144
	JP Morgan Nominees AustraliaLimited	Stichting Pensionfonds ABP	Fully Paid Ordinary Units: 1,500,000	1,500,000
	JP Morgan Nominees AustraliaLimited	QLD Local Government Superannuation Board	Fully Paid Ordinary Units: 140,364	140,364
	National Nominees Pty Limited	Telstra Listed Property Trust	Fully Paid Ordinary Units: 4,376,297	4,376,297
AMP Capital Investors Limited as Responsible Entity of the Future Directions Enhanced Index Global Property Securities Fund	Cogent Nominees Pty Limited	AMP Capital Investors Limited	Fully Paid Ordinary Units: 453,030	453,030
AMP Capital Investors Limited in it's capacity as Responsible Entity of the Future Directions US Small Companies Fund (Axa Asia Ex-Japan)	Cogent Nominees Pty Limited	AMP Capital Investors Limited	Fully Paid Ordinary Units: 20,100	20,100
AMP Capital Investors Limited as Responsible Entity of the EFM Listed Property Fund 1	Cogent Nominees Pty Limited	AMP Capital Investors Limited	Fully Paid Ordinary Units: 12,247,722	12,247,722
AMP Capital Investors Limited as Responsible Entity of the EFM Australian Share Fund 1	Cogent Nominees Pty Limited	AMP Capital Investors Limited	Fully Paid Ordinary Units: 7,104,985	7,104,985
	Total: 197,324,910

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	10-Sep-2008 to 31-Dec- 2008	$12,715,954.33	Fully Paid Ordinary Units 64,290,745
AMP Life Limited	12-Sep-2008 to 2-Jan-2009	$20,305,073.29	Fully Paid Ordinary Units 67,882,237
AMPCI KGR Reit USD Fund	22-Sep-2008 to 14-Oct- 2008	$69,982.28	Fully Paid Ordinary Units 80,132
Cogent Investment Operations Pty Limited A/c>	22-Sep-2008 to 14-Oct- 2008	$813,259.55	Fully Paid Ordinary Units 933,873
Cogent Nominees PtyLimited	22-Sep-2008 to 16-Oct- 2008	$11,574,282.47	Fully Paid Ordinary Units 13,216,942
Cogent Nominees PtyLimited	12-Sep-2008 to 29-Dec- 2008	$2,118,676.50	Fully Paid Ordinary Units 3,784,702
Cogent Nominees Pty Limited	12-Sep-2008 to 29-Dec- 2008	$7,131,547.85	Fully Paid Ordinary Units 9,862,452
DBS Global Property Sector Fund	22-Sep-2008 to 14-Oct- 2008	$302,647.82	Fully Paid Ordinary Units 339,337
Nikko AMP Global REIT Fund	22-Sep-2008 to 14-Oct- 2008	$8,527,794.71	Fully Paid Ordinary Units 9,721,177
Queensland Local Government Superannuation Board	30-Dec-08	$28,072.80	Fully Paid Ordinary Units 140,364
StichtingPensioenfolds - ABP	30-Dec-08	$300,000.00	Fully Paid Ordinary Units 1,500,000
Stichting Pensioenfolds Hoogovens	31-Dec-08	$36,196.00	Fully Paid Ordinary Units 180,980
Telstra Listed PropertyTrust	12-Sep-2008 to 30-Sep- 2008	$555,204.43	Fully Paid Ordinary Units 608,759

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 079 300 379)	Related bodies corporate of AMP Limited under Part 1.2 of the Corporations Law.
AMP Capital Investors Limited (ACN001 777591)	Related bodies corporate of AMP Limited under Part 1.2 of the Corporations Law.

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 Citicorp Nominees Pty Limited 101 Collins Street, Melbourne VIC 3000 Cogent Nominees Pty Limited Level 6, 60 Castlereagh Street, Sydney NSW 2000 DBS Global Property Sector Fund 8 Cross Street, # 27-01 PWC Building, Singapore 048424 Goldman Sachs Asia LLC 68th Floor, 2 Queens Road, Central Hong Kong JP Morgan Nominees Australia Limited 259 George Street, Sydney NSW 2000 National Nominees Pty Limited 271 Collins Street, Melbourne VIC 3000 Nikko AMP Global REIT Fund 1-1-3 Yurakucho Chiyoda-ku, Tokyo 100-0006 Japan QLD Local Government Superannuation Board Of GPO Box 264, Brisbane QLD 4001 Telstra Listed Property Trust Level 3, 215 Spring Street, Melbourne 3000 The Northern Trust Company 80 Raffles Place, #46-00 UOB Plaza 1 Singapore 048625

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