AMP LIMITED — Major Shareholding Notification 2009

Jan 4, 2009

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Date: 2nd January 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 ING Office Fund.

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

Corporations Law Section 671B Notice of Initial Substantial Holder

Form 603

To: ING Office Fund ACN/ARSN: 090 242 229 & 089 849 196 1. Details of substantial holder Name: AMP Limited (ACN 079 354 519) and its related bodies corporate. The holder became a substantial holder on 29th December 2008

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
Stapled Securities	87,946,565		87,946,565		5.10%

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	: 35,966,341	35,966,341
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	: 51,980,224	51,980,224
Total: 87,946,565

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	35,966,341	35,966,341
AMP Capital Investors Limited	Cogent Nominees Pty Limited	Cogent Nominees Pty Limited	26,451,850	26,451,850
	Cogent Nominees Pty Limited	Cogent Nominees Pty Limited	10,582,607	10,582,607
	Cogent Investment Operations Pty Limited	Cogent Investment Operations Pty Limited	92,838	92,838
	National Nominees Pty Limited	Nikko AMP Global REIT Fund	5,495,125	5,495,125
	The Northern Trust Company	DBS Global Property Sector Fund	260,855	260,855
	The Northern Trust Company	AMPCI KGR Reit USD Fund	11,324	11,324
	The Northern Trust Company	UNWRA - GLPS Equities	216,116	216,116
	Citicorp Nominees Pty Limited	Stichting Pensionfonds Hoogovens	342,668	342,668
	Goldman Sachs	AMP Capital Investors Australian Equity Long Short Fund	347,652	347,652
	JP Morgan Nominees Australia Limited	Stichting Pensionfonds ABP	2,746,550	2,746,550
	JP Morgan Nominees Australia Limited	QLD Local Government Superannuation Board	248,819	248,819
	National Nominees Pty Limited	Government Employees Superannuation Board	917,118	917,118
	National Nominees Pty Limited	Telstra Listed Property Trust	2,259,482	2,259,482

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	172,014	172,014
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	416,600	416,600
AMP Capital Investors Limited as Responsible Entity of the EFM Listed PropertyFund 1	Cogent Nominees Pty Limited	AMP Capital Investors Limited	1,418,606	1,418,606
Total: 87,946,565

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	2-Sep-2008 to 29-Dec- 2008	$43,921,438.22	Stapled Securities 48,726,177
AMP Life Limited	18-Sep-2008 to 23-Dec- 2008	$9,931,068.93	Stapled Securities 10,748,720
AMPCI KGR Reit USD Fund	2-Sep-2008 to 30-Oct-2008	$30,069.72	Stapled Securities 22,340
Cogent Investment Operations Pty Limited	2-Sep-2008 to 11-Sep-2008	$241,681.81	Stapled Securities 159,716
Cogent Nominees PtyLimited	2-Sep-2008 to 11-Nov- 2008	$3,572,886.05	Stapled Securities 2,407,716
Cogent Nominees Pty Limited Accounts>	11-Sep-2008 to 23-Dec- 2008	$2,500,661.46	Stapled Securities 2,229,371
DBS Global PropertySector Fund	11-Sep-2008 to 4-Nov- 2008	$113,115.82	Stapled Securities 81,859
Government Employees Superannuation Board	23-Dec-08	$733,694.40	Stapled Securities 917,118
Nikko AMP Global REIT Fund	10-Sep-2008 to 19-Sep- 2008	$3,859,827.07	Stapled Securities 2,565,642
Queensland Local Government Superannuation Board	18-Sep-2008 to 23-Dec- 2008	$295,541.20	Stapled Securities 309,130
StichtingPensioenfolds - ABP	18-Sep-2008 to 23-Dec- 2008	$3,265,722.19	Stapled Securities 3,385,026
StichtingPensioenfolds Hoogovens	18-Sep-2008 to 29-Dec- 2008	$400,340.32	Stapled Securities 423,584
Telstra Listed PropertyTrust	9-Oct-08	$80,327.88	Stapled Securities 58,309

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.
AMP Capital Investors Limited (ACN 001 777 591)	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 Investment Operations Pty Limited	Level 6, 60 Castlereagh Street, Sydney NSW 2000
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
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
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
Stichting Pensioenfonds Hoogovens	PO Box 10,000, 1970 CA IJmuiden, The Netherlands
Stichting Pensioenfonds ABP	PO Box 10,000, 1970 CA IJmuiden, The Netherlands
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 2 page/s in total.