AMP LIMITED — Major Shareholding Notification 2010

May 26, 2010

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Date: 27th May, 2010

The Manager Listings Department Australian Stock Exchange Limited

No. of Pages (incl.): 2

NOTICE OF INITIAL SUBSTANTIAL HOLDER

Dear Sir/Madam,

Pursuant to Section 671B of the Corporations Law, AMP Limited discloses a substantial holding in Gerard Lighting Group 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 Law Section 671B Notice of Initial Substantial Holder

To: Gerard Lighting Group Limited ACN/ARSN: 141 079 594

1. Details of substantial holder

Name: AMP Limited (ACN 079 354 519) and its related bodies corporate. The holder became a substantial holder on 25th May, 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 9,096,722 9,096,722 5.14%

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 andnumberofsecuritieslisted besideitsname.	Fully Paid Ordinary: 3,745,728	3,745,728
AMP Capital Investors Limited ('AMPCapital')	AMP Capital, in its capacity as the investment manager forthe persons ortrustslisted besidesitsnamein	Fully Paid Ordinary: 2,856,900	2,856,900
AMP Capital Investors Limited as Future Directions AustralianShareFund	AMP Capital Investors Limited is a controlled body corporate of AMP Limited within the meaning of Section 608(3) ofthe CorporationsLaw	Fully Paid Ordinary: 2,494,094	2,494,094
Total: 9,096,722

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
Total: 9,096,722

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	12-May-2010 to 25-May- 2010	$5,350,994.00	Fully Paid Ordinary 5,350,994
AMP Life Limited	12-May-10	$3,745,728.00	Fully Paid Ordinary 3,745,728

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 (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 24, 33 Alfred Street, Sydney NSW 2000

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