AMP LIMITED — Major Shareholding Notification 2010

May 13, 2010

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Date: 14th May,2010

The Manager Listings Department Australian Stock Exchange Limited No. of Pages (incl.): 2

NOTICE OF CHANGE OF INTERESTS OF SUBSTANTIAL HOLDER

Dear Sir/Madam,

Pursuant to Section 671B of the Corporations Law, AMP Limited hereby advises of a change in its relevant interest in Kathmandu Holdings Limited.

The enclosed ASIC Form 604 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 604 Corporations Law Section 671B Notice of Change of Interests of Substantial Holder

To: Kathmandu Holdings Limited ACN/ARSN: 139 836 918

1. Details of substantial holder

Name: AMP Limited ACN 079 354 519 and its related bodies corporate. There was a change in the interests of the substantial holder on 12th May, 2010 The previous notice was given to the company on 03-May-2010 The previous notice was dated 29-Apr-2010

2. Previous and present 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 in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

and when now required, to give	a substantial holding notice to the company or scheme, are as	a substantial holding notice to the company or scheme, are as	follows:	follows:
Class of securities	Person’s votes Voting power Previous notice		Person’s votes Voting power Present notice
FullyPaid Ordinary	12,496,124	6.25%	14,587,743	7.29%

3. 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:

Date of change	Person whose relevant interest changed	_Nature of change _	Consideration given in _relation to change _	Class and number of shares affected	Person’s votes affected
4-May-2010 to 11-May-2010	AMP Capitial Investors Limited	Share acquisition	$2,987,064.73	Fully Paid Ordinary 1,720,963	1,720,963
3-May-10	AMP Capitial Investors Limited	Share disposal	-$11,591.31	Fully Paid Ordinary -6,245	-6,245
30-Apr-10	AMP Henderson Global Investors (NZ)Limited	Share disposal	-$68,247.81	Fully Paid Ordinary -28,900	-28,900
4-May-2010 to 11-May-2010	AMP Life Limited	Share acquisition	$704,556.56	Fully Paid Ordinary 405,801	405,801
Total 2,091,619

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Person entitled to be Class and number Person’s votes Holder of relevant interest Registered holder of securities registered as holder Nature of relevant interest of securities affected Total: 14,587,743

5. 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 shareholder in relation to voting interests In the company or scheme are as follows:

Name and ACN Nature of association No Changes

6. 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 AMP Capital Investors (NZ) Limited City Tower, 95 Custom House Quay, Wellington, N.Z

This notice of change of interests of substantial holder (ASIC Form 604) comprises 1 page/s in total.