AMP LIMITED — Major Shareholding Notification 2010

Dec 2, 2010

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Date: 3-Dec-10

Company Announcement Officer ASX Limited

No. of Pages (incl.): 2

NOTICE OF INITIAL SUBSTANTIAL HOLDER

Dear Sir/Madam,

Pursuant to Section 671B of the Corporations Act, AMP Limited discloses a substantial holding in ADELAIDE BRIGHTON LIMITED.

The enclosed ASIC Form 603 discloses all required details.

Yours faithfully,

Raja Burman Head of Corporate Actions BNP Paribas Securities Services Phone: 02 9222 0138

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 Act 2001 Section 671B Notice of Initial Substantial Holder

To: ADELAIDE BRIGHTON LIMITED ACN/ARSN: 007 596 018

1. Details of substantial holder

Name:

AMP Limited (ACN 079 354 519) and its related bodies corporate.

The holder became a substantial holder on 01-Dec-2010

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 32,998,768 32,998,769 5.20%

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 ofsecurities	Person's votes affected
AMP Limited and its relatedbodies corporate.	AMP Limited and its related bodies corporate	Fully Paid Ordinary:32,998,768	32,998,768

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 ofsecurities	Person entitled to be registeredas holder	Class and number ofsecurities	Person’s votes affected
AMP Limited and its relatedbodies corporate.	AMP Limited and its relatedbodies corporate	AMP Limited and its relatedbodies corporate	Fully Paid Ordinary:32,998,768	32,998,768

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 ofsecurities
AMP Limited and its relatedbodies corporate.	1-Sep-2010 to 1-Dec-2010	$91,963,915.85	Fully Paid Ordinary27,610,117

6. Addresses

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

Name Address

AMP Limited and its related bodies corporate. Level 24, 33 Alfred Street, Sydney NSW 2000

This Initial Substantial Holder Notice (ASIC Form 603) comprises 1 page/s in total.