AMP Ltd is seeking to raise $150m with the ability to raise more or less through the AMP Wholesale Capital Notes. The Notes will be fully paid, perpetual, unsecured, subordinated debt obligations of AMP. Distributions are discretionary, semi-annual, and based on 6 mth BBSW + margin. The notes will mandatorily convert after 7 years subject to certain conditions. The offer is only open to Wholesale Investors, and the margin will be determined via a bookbuild process.

JP Morgan, NAB, and UBS are each Joint Lead Managers for the AMP Wholesale Capital Notes.

For further information, please see www.shareholdercentre.amp.com.au/phoenix.zhtml?c=142072&p=irol-asxi&nyo=0