AMP LIMITED — Merger & Acquisition 2011

Mar 6, 2011

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Kevin Keenan Company Secretary

Phone: 61 3 8688 3978 Fax: 61 3 9614 5298

7 March 2011 Australian Securities Exchange Company Announcements Office 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam

AXA Asia Pacific Holdings Limited Court approval of proposal from AMP and AXA SA

Please refer to the attached news release.

Yours sincerely

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Kevin Keenan Company Secretary

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AXA Asia Pacific Holdings Limited ABN 78 069 123 011

750 Collins Street Docklands VIC 3008

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7 March 2011

COURT APPROVAL OF PROPOSAL FROM AMP AND AXA SA

AXA Asia Pacific Holdings Limited ( AXA APH ) announces that the Supreme Court of Victoria ( Court ) has today made orders approving the schemes of arrangement between AXA APH and its shareholders and rightsholders ( Schemes ), in relation to the proposed merger of AXA APH’s Australian and New Zealand businesses with AMP Limited ( AMP ) and the sale of AXA APH’s Asian businesses to AXA SA.

It is expected that a copy of the Court’s orders will be lodged with the Australian Securities and Investments Commission tomorrow (Tuesday, 8 March 2011), at which time the Schemes will become legally effective. A further announcement will be made once this has occurred.

Following this, AXA APH’s shares will be suspended from trading on the ASX at the close of trading on that day. AMP ordinary shares which are to be issued to AXA APH minority shareholders under the share scheme are expected to commence trading on a deferred settlement basis on Wednesday, 9 March 2011 under ASX code “AMPN”.

The share scheme consideration is expected to be despatched to AXA APH shareholders on Wednesday, 30 March 2011.

Further information

For Institutional Investors

Melissa Heyhoe

Group Manager – Investor Relations and Performance Reporting Ph: +61-(0)3 8688 3744 M: +61-(0)421 333 582

For Retail Investors

Computershare Investor Services Ph: 1300 157 263 or +61-(0)3 9415 4689 www.axaaphproposal.com.au

For Media

Francine McMullen Group Manager – Strategic Communications Ph: +61-(0)3 8688 4985 M: +61-(0)412 223 485