The final size of the offer will depend on the volume of applications received and accepted under the reinvestment offer, securityholder offer and general offer, which are expected to open on Thursday 14 November 2013.

The margin determined under the bookbuild is 2.65 per cent per annum over the market rate, which is the bottom of the expected range of 2.65 per cent to 2.85 per cent per annum.

Through the bookbuild process, AMP has allocated $300 million of AMP Notes 2 on a firm basis to syndicate brokers and institutional investors under the broker firm offer and institutional offer. The allocation to syndicate brokers includes an allocation for eligible AMP Notes holders who are participating in the reinvestment offer through the broker firm offer.

AMP Chief Financial Officer Colin Storrie said: “We are very pleased with the level of support the offer has attracted from syndicate brokers, institutional investors and third party brokers, which has enabled us to bring forward the close of the bookbuild. AMP Notes holders, eligible securityholders and members of the public who have not participated in the bookbuild process are able to make an application for AMP Notes 2 from 14 November.”

Full details of this investment opportunity and the terms and conditions of the AMP Notes 2 offer will be set out in the replacement prospectus which is expected to be lodged with the Australian Securities and Investments Commission and the ASX on 14 November 2013. Investors should read the prospectus in full before deciding whether to apply for AMP Notes 2.

The replacement prospectus will be available to Australian investors at ampnotes2.com.au, or by calling the AMP Notes 2 information line below. Anyone wishing to acquire AMP Notes 2 will need to complete an application form included with the replacement prospectus.

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Mr Lefevre will replace Mr Colin Storrie who has been with the company since 2011.

Mr Lefevre is an experienced CFO who has almost 20 years’ experience in senior finance and leadership roles. He joins AMP from Grocon where he is the Chief Financial Officer.

Previously Mr Lefevre was CEO, The Reach Foundation, and has held a number of senior finance roles at National Australia Bank, including Deputy Chief Financial Officer.

AMP Chief Executive Craig Dunn said he is delighted Mr Lefevre has accepted the CFO role with AMP.

“Gordon brings significant financial services knowledge and leadership capabilities to AMP and will be pivotal in capitalising on the success of the merger for AMP as we take the company to the next level,” said Mr Dunn.

Mr Storrie, who is leaving AMP to pursue other business interests, has worked with AMP to recruit his successor and will handover official responsibilities as CFO on 1 March 2014.

“Colin has made a significant contribution to AMP and has been a valuable member of the AMP Leadership team since he joined AMP.  He has brought a strong focus to funding, capital management and performance reporting,” said Mr Dunn.

Mr Lefevre has a Bachelor of Accounting Science (Honours) from the University of South Africa and a Bachelor of Commerce from the University of Kwazulu-Natal, South Africa and is a Chartered Accountant.

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Mr Storrie joined AMP earlier this year as Deputy Chief Financial Officer and Group Treasurer. Prior to AMP, Mr Storrie was Chief Financial Officer for Qantas and served on its board. AMP Chief Executive Craig Dunn said Mr Storrie will be a valuable addition to the management team.

“We are very pleased Colin has accepted this appointment. His considerable financial and management experience will be a substantial benefit to our business.

“I’d like to take this opportunity to thank Paul for his outstanding contribution to AMP over many years and the role he has played in ensuring a smooth transition to AMP’s new CFO,” said Mr Dunn.

Prior to Qantas, Mr Storrie held finance and accounting roles in investment banking and the NSW Government.

Mr Storrie has a Bachelor of Commerce from the University of Wollongong, a Graduate Diploma in Management from AGSM University of NSW and is a Certified Practising Accountant (CPA).

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