AMP LIMITED — Capital/Financing Update 2019

Mar 3, 2019

==> picture [539 x 100] intentionally omitted <==

4 March 2019

Manager ASX Market Announcements Australian Securities Exchange Level 4, 20 Bridge Street Sydney NSW 2000

Client and Market Services Team NZX Limited Level 1, NZX Centre, 11 Cable Street PO Box 2959 Wellington, New Zealand

AMP Limited (ASX/NZX: AMP)

Progress 2017-2 Trust (“Trust”) – AMP Bank Limited (“AMP Bank”) S&P Global Ratings changed to A-/A-2

Priority One Agency Services Pty Limited as manager of the Progress 2017-2 Trust advises that the following actions will be taken as a result of the ratings change:

1. Balance of funds held in the AMP Collection Account will be transferred across to the Trust’s bank account held by Westpac today.

2. Collateral will be posted for the fixed rate swap as required under the swap agreements within 10 Business Days.

Gwenneth O’Shea Head of Securitisation Ph: +61 434 607 437

Jason Bounassif Group Treasurer Ph: +61 411 404 637

==> picture [7 x 8] intentionally omitted <==

Public Affairs T 02 9257 6127 E media@amp.com.au W AMP.com.au/media

AMP Limited 33 Alfred Street, Sydney NSW 2000 Australia ABN 49 079 354 519

AMP_AU