AMP LIMITED — Major Shareholding Notification 2025

Jan 27, 2025

Form 605

Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme AMP Ltd

ACN/ARSN 079 354 519

1. Details of substantial holder (1)

Pinnacle Investment Management Group Limited (and its subsidiaries Name listed in Annexure A) ACN/ARSN (if applicable) 100 325 184

The holder ceased to be a substantial holder on 23/01/2025 The previous notice was given to the company on 11/12/2024 The previous notice was dated 06/12/2024

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, 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 (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person's votes affected
REFER TO ANNEXURE A PART 1 AND PART 2

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
REFER TO ANNEXURE B - NO CHANGES

4. Addresses

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

Name	Address
REFER TO ANNEXURE C

Signature

re
print name sign here	CALVIN KWOK capacity COMPANY SECRETARY
	date 28/01/2025

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 4 of the form.

• (2) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (3) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (4) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (5) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

• (6) The voting shares of a company constitute one class unless divided into separate classes.

• (7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

AMP Ltd

AMP Ltd	AMP Ltd
Annexure A - Part 1 Legend
PIML	Pinnacle Investment Management Group Limited Pinnacle Investment Management Limited Ariano Pty Limited (ACN 605 250 799) Next Financial Limited (ACN 081 722 894) Next Financial Nominees Pty Ltd (ACN 093 252 576) Next Financial Nominees No. 2 Pty Ltd (ACN 132 819 115) Investment Solutions Client Services Pty Ltd (ACN 117 898 334) Priority Funds Management Pty Ltd (ACN 120 826 575) Priority Investment Management Pty Ltd (ACN 116 943 456 PNI Option Plan Managers Pty Ltd (ACN 125 030 766) Pinnacle RE Services Limited (ACN 130 508 379) Pinnacle Services Administration Pty Ltd (ACN 126 175 148) Pinnacle Investment Management (UK) Limited (Company Number 11026111) POSH Nominees Pty Limited (ACN 620 094 251) Pingroup IM Limited (US) (EIN 85-0920129)
PFSL	Pinnacle Fund Services Limited (ACN 082 494 362)
PNI Acquisition	Acquisition of securities by one or more affiliated investment managers which it or its associates holds directly or indirectly above 20% voting power in (see Annexure A – Part 2) and/or Pinnacle Fund Services Limited, who each in turn hold relevant interests in the securities the subject of this notice.
PNI Disposal	Disposal of securities by one or more affiliated investment managers which it or its associates holds directly or indirectly above 20% voting power in (see Annexure A – Part 2) and/or Pinnacle Fund Services Limited, who each in turn hold relevant interests in the securities the subject of this notice.
PFSL Acquisition	Acquisition of securities in its capacity as responsible entity or trustee of registered or unregistered schemes and/or relevant interest by virtue of section 608(3)of the Corporations Act as it or its associates holds directly or indirectly above 20% voting power in one or more affiliated investment managers (see Annexure A – Part 2) who each in turn hold relevant interests in the securities the subject of this notice.
PFSL Disposal	Disposal of securities in its capacity as responsible entity or trustee of registered or unregistered schemes and/or relevant interest by virtue of section 608(3)of the Corporations Act as it or its associates holds directly or indirectly above 20% voting power in one or more affiliated investment managers (see Annexure A – Part 2) who each in turn hold relevant interests in the securities the subject of this notice.

Date of Change	Person whose relevant interest changed	Nature of change	Consideration given in relation to change	Number of securities affected	Person's votes affected	Class of securities
2024-12-09	Pinnacle Group Entities & PFSL	Acquisition	325,238.03 $	200,000	200,000	Ordinary Fully Paid
2024-12-10	Pinnacle Group Entities & PFSL	Acquisition	322,275.99 $	200,000	200,000	Ordinary Fully Paid
2024-12-11	Pinnacle Group Entities & PFSL	Acquisition	317,656.22 $	200,000	200,000	Ordinary Fully Paid
2024-12-12	Pinnacle Group Entities & PFSL	Acquisition	315,295.64 $	200,000	200,000	Ordinary Fully Paid
2024-12-13	Pinnacle Group Entities & PFSL	Acquisition	317,301.15 $	200,000	200,000	Ordinary Fully Paid
2024-12-13	Pinnacle Group Entities & PFSL	Disposal	106,031.62 -$	66,919 -	66,919 -	Ordinary Fully Paid
2024-12-16	Pinnacle Group Entities & PFSL	Acquisition	319,795.08 $	200,000	200,000	Ordinary Fully Paid
2024-12-16	Pinnacle Group Entities & PFSL	Disposal	208,169.09 -$	130,996 -	130,996 -	Ordinary Fully Paid
2024-12-17	Pinnacle Group Entities & PFSL	Acquisition	321,997.26 $	200,000	200,000	Ordinary Fully Paid
2024-12-18	Pinnacle Group Entities & PFSL	Acquisition	323,180.00 $	200,000	200,000	Ordinary Fully Paid
2024-12-18	Pinnacle Group Entities & PFSL	Disposal	177,760.00 -$	110,000 -	110,000 -	Ordinary Fully Paid
2024-12-19	Pinnacle Group Entities & PFSL	Acquisition	318,720.00 $	200,000	200,000	Ordinary Fully Paid
2024-12-19	Pinnacle Group Entities & PFSL	Disposal	1,936,471.00 -$	1,215,155 -	1,215,155 -	Ordinary Fully Paid
2024-12-20	Pinnacle Group Entities & PFSL	Acquisition	313,775.28 $	200,000	200,000	Ordinary Fully Paid
2024-12-23	Pinnacle Group Entities & PFSL	Acquisition	403,979.68 $	250,732	250,732	Ordinary Fully Paid
2024-12-23	Pinnacle Group Entities & PFSL	Disposal	64,152.88 -$	39,745 -	39,745 -	Ordinary Fully Paid
2024-12-24	Pinnacle Group Entities & PFSL	Acquisition	81,155.28 $	50,000	50,000	Ordinary Fully Paid
2024-12-27	Pinnacle Group Entities & PFSL	Acquisition	527,046.02 $	323,556	323,556	Ordinary Fully Paid
2024-12-30	Pinnacle Group Entities & PFSL	Acquisition	163,058.68 $	100,000	100,000	Ordinary Fully Paid
2024-12-31	Pinnacle Group Entities & PFSL	Acquisition	320,155.21 $	200,000	200,000	Ordinary Fully Paid
2025-01-02	Pinnacle Group Entities & PFSL	Acquisition	315,821.15 $	200,000	200,000	Ordinary Fully Paid
2025-01-03	Pinnacle Group Entities & PFSL	Acquisition	320,176.82 $	200,000	200,000	Ordinary Fully Paid
2025-01-15	Pinnacle Group Entities & PFSL	Disposal	380,816.21 -$	240,319 -	240,319 -	Ordinary Fully Paid
2025-01-21	Pinnacle Group Entities & PFSL	Acquisition	69,665.72 $	42,609	42,609	Ordinary Fully Paid
2025-01-23	Pinnacle Group Entities & PFSL	Disposal	3,671,007.20 -$	2,159,416 -	2,159,416 -	Ordinary Fully Paid

This is Annexure "A - Part 1" as mentioned in form 605 Notice of ceasing to be a substantial holder

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Calvin Kwok Company Secretary Date: 28/01/2025

AMP Ltd

Annexure A - Part 2

Affiliated Investment Managers in which Pinnacle has over 20% voting power

Aikya Investment Management Limited (UK) (Company Number 12329682) Antipodes Partners Limited (ACN 602 042 035) Coolabah Capital Investments Pty Limited (ACN 605 806 059) Five V Capital Pty Limited (ACN 162 193 928) Hyperion Asset Management Limited (ACN 080 135 897) Langdon Equity Partners Limited (CA) (NRD 73210) Life Cycle Investment Partners Limited (UK) (Company Number 15633723) Metrics Credit Partners Pty Limited (ACN 150 646 996) Palisade Investment Partners Limited (ACN 124 326 361) Plato Investment Management Limited (ACN 120 730 136) Resolution Capital Limited (ACN 108 584 167) Solaris Investment Management Limited (ACN 128 512 621) Riparian Capital Partners Pty Ltd (ACN 630 179 752)

This is Annexure "A - Part 2" as mentioned in form 605 Notice of ceasing to be a substantial holder

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Calvin Kwok Company Secretary Date: 28/01/2025

AMP Ltd Annexure B	AMP Ltd Annexure B	AMP Ltd Annexure B
Name	ACN	Nature of Association
Pinnacle Investment Management GroupLimited	100 325 184	Related bodycorporate of each other entitylisted in Annexure B.
Pinnacle Investment Management Limited	109 659 109	Related bodycorporate of each other entitylisted in Annexure B.
Pinnacle Fund Services Limited	082 494 362	Related bodycorporate of each other entitylisted in Annexure B.
Ariano PtyLimited	605 250 799	Related bodycorporate of each other entitylisted in Annexure B.
Next Financial Limited	081 722 894	Related bodycorporate of each other entitylisted in Annexure B.
Next Financial Nominees PtyLtd	093 252 576	Related bodycorporate of each other entitylisted in Annexure B.
Next Financial Nominees No. 2 PtyLtd	132 819 115	Related bodycorporate of each other entitylisted in Annexure B.
Investment Solutions Client Services PtyLtd	117 898 334	Related bodycorporate of each other entitylisted in Annexure B.
PriorityFunds Management PtyLtd	120 826 575	Related bodycorporate of each other entitylisted in Annexure B.
PriorityInvestment Management PtyLtd	116 943 456	Related bodycorporate of each other entitylisted in Annexure B.
PNI Option Plan Managers PtyLtd	116 943 456	Related bodycorporate of each other entitylisted in Annexure B.
Pinnacle RE Services Limited	130 508 379	Related bodycorporate of each other entitylisted in Annexure B.
Pinnacle Services Administration PtyLtd	126 175 148	Related bodycorporate of each other entitylisted in Annexure B.
Pinnacle Investment Management (UK) Limited	Company Number 11026111	Related body corporate of each other entity listed in Annexure B.
POSH Nominees PtyLimited	620 094 251	Related bodycorporate of each other entitylisted in Annexure B.
Pingroup IM Limited (US)	EIN 85- 0920129	Related bodycorporate of each other entitylisted in Annexure B.

This is Annexure "B" as mentioned in form 605 Notice of ceasing to be a substantial holder

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Calvin Kwok Company Secretary Date: 28/01/2025

AMP Ltd Annexure C	AMP Ltd Annexure C
Name	Address
Pinnacle Investment Management Group Limited	Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Pinnacle Fund Services Limited	Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Pinnacle Investment Management Limited	Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Pinnacle Investment Management Group Limited	Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Pinnacle Investment Management Limited	Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Pinnacle Fund Services Limited	Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Ariano Pty Limited	Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Next Financial Limited	Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Next Financial Nominees Pty Ltd	Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Next Financial Nominees No. 2 Pty Ltd	Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Investment Solutions Client Services Pty Ltd	Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Priority Funds Management Pty Ltd	Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Priority Investment Management Pty Ltd	Level 19, 307 Queen St, Brisbane QLD 4000, Australia
PNI Option Plan Managers Pty Ltd	Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Pinnacle Investment Management (UK) Limited	7th Floor, Dashwood House, 69 Old Broad Street, London EC2M 1QS, United Kingdom
Pinnacle RE Services Limited	Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Pinnacle Services Administration Pty Ltd	Level 19, 307 Queen St, Brisbane QLD 4000, Australia
POSH Nominees Pty Limited	Level 19, 307 Queen St, Brisbane QLD 4000, Australia
PingroupIM Limited(US)	c/o TMF GroupNew York,LLC,48 Wall Street,27thFloor,New York NY 10005

This is Annexure "C" as mentioned in form 605 Notice of ceasing to be a substantial holder

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Calvin Kwok Company Secretary Date: 28/01/2025