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AMP capital notes 2

The AMP Capital Notes 2 Offer is open from Wednesday 4 December to Wednesday 18 December 2019 for clients of syndicate brokers and eligible AMP securityholders who are residents in Australia.

Capital Notes 2 are expected to be listed on the Australian Securities Exchange (ASX) and begin trading, initially on a deferred settlement basis, on the ASX on 24 December 2019.

Capital Notes 2 have a Face Value of A$100. The minimum investment is 50 Capital Notes 2 (A$5,000), and in multiples of 10 Capital Notes 2 (A$1,000) thereafter. They are being issued as part of the AMP Group's ongoing funding and capital management strategy. The proceeds raised by the issue will be used to meet general funding requirements, including to fund Additional Tier 1 Capital of one or more APRA-regulated entities within the AMP Group.

AMP and the Joint Lead Managers may agree to vary the timetable, including extending the Closing Date, closing the Offer early without notice or accepting late Applications, whether generally or in particular cases, or withdrawing the Offer at any time before Capital Notes 2 are issued, at their discretion.

You are encouraged to apply as soon as possible after the Opening Date for the Offer.

Key Dates:
Event Date
Record Date for determining Eligible Securityholders (7.00pm Sydney time) 15 November 2019
Lodgement of the Prospectus with ASIC 26 November 2019
Bookbuild 3 December 2019
Announcement of the Margin 3 December 2019
Lodgement of the replacement Prospectus with ASIC 4 December 2019
Opening Date for the Offer 4 December 2019
Closing Date for the Securityholder Offer (5.00pm Sydney time) 18 December 2019
Closing Date for the Broker Firm Offer (10.00am Sydney time) 20 December 2019
Issue Date 23 December 2019
Capital Notes 2 commence trading on ASX (deferred settlement basis) 24 December 2019
Holding Statements for Capital Notes 2 dispatched by 30 December 2019
Capital Notes 2 commence trading on ASX (normal settlement basis) 31 December 2019
Shareholder Approval sought 8 May 2020
First Distribution Date 16 March 2020
Optional Exchange Date 16 December 2025
Date on which Mandatory Conversion is scheduled to occur 16 December 2027

* These dates are indicative only and may change without notice.

Capital Notes 2 information line:

1300 338 164 (within Australia); +61 3 9415 4018 (outside Australia) Monday to Friday - 8.30am to 5.30pm (Sydney time)