listed property trusts fund pds platform

Dated: 14 January 2008Issued by AMP Capital Investors Limited ABN 59 001 777 591 AFSL 232497

For investments• by wholesale investors, and• through a master trust or wrap platform

Product Disclosure Statement

Listed Property Trusts Fund

About AMP Capital Investors

AMP Capital Investors is a specialist investment manager with over $113 billion in funds under management as at 30 September 2007.

As a wholly owned subsidiary of AMP Limited, we operate with a pure investment focus, while benefiting from the resources of our parent. With almost 200 in-house investment professionals and a carefully selected global network of investment partners, we offer significant depth and breadth of investment expertise.

Increasingly, delivering superior returns to our clients involves looking beyond traditional techniques, to a new generation of investment portfolios. These require the blending of any number of inputs such as securities, asset classes, countries, styles and even managers to obtain the optimal risk and return outcome. To do this well requires real depth of in-house investment expertise, a business philosophy open to partnering, and specialist capabilities designed to integrate and maximise the two. At AMP Capital, we have specialist investment teams across a diverse range of disciplines. Each team focuses on searching out and creating the best investment outcomes for our clients.

We also collaborate with like-minded investment specialists around the world, leveraging our joint expertise to create new investment opportunities.

Our investment approach capitalises on the strength and breadth of our investment expertise and is characterised by three distinctive capabilities:

• Great investment research: research drives every investment decision. Our specialist investment teams interact, sharing knowledge and insights to gain multiple perspectives. This diversity of thought allows us to see things differently, often producing unique insights that create new ways to add value to our clients’ portfolios.

• Deal sourcing and origination: our scale, brand and relationships give us a competitive edge in deal sourcing and origination. This access to scarce assets opens up new and different investment opportunities for our clients.

• Portfolio construction and packaging: the new generation of investment portfolios demand increasingly complex portfolio construction decisions. With this in mind, we have developed proprietary skills and processes that allow us to select and blend a wide range of investment inputs, from individual securities to the right investment partner. We use these skills to meet the diverse risk return objectives of our clients.

Underpinning these capabilities are our people. We seek to attract the best people, invest in their ongoing professional development, and ensure their interests are clearly aligned with those of our clients.

The combination of our scale, breadth and capability provides access to superior investment opportunity.

Reliably, consistently, repeatedly.

Investing. It’s what we do.

Listed Property Trusts Fund Supplementary PDS Page 1 of 1


ARSN 087 397 420 APIR codes Platform (Class A) units AMP0255AU Wholesale units AMP0269AU

Supplementary Product Disclosure Statement Dated: 25 May 2007 Issued by: AMP Capital Investors Limited ABN 59 001 777 591

AFSL 232497

This is a Supplementary Product Disclosure Statement which supplements:

• the Listed Property Trusts Fund Product Disclosure Statement (PDS) dated 5 January 2004, as updated by Supplementary Product Disclosure Statement for the Listed Property Trusts Fund dated 1 July 2006 (together, the PDS)

and must be read together with the above documents.

The Listed Property Trusts Fund invests primarily in property and property related securities listed on the Australian Securities Exchange. The purpose of the Supplementary Disclosure Statement is to disclose that the Fund may also invest in property and property related securities listed on other recognised exchanges located overseas. To reflect the Fund’s ability to invest in international assets, the PDS is amended as shown below. 1. Under ‘About the Listed Property Trusts Fund’ on page 2 of the PDS dated 5 January 2004, the paragraph is deleted and replaced with the following:

The Fund invests primarily in property and property related securities listed on the Australian Securities Exchange (ASX). However, the Fund may also invest in property and property related securities listed on other recognised exchanges located overseas. The expected volatility of this Fund is high, and neither income nor your investment is guaranteed.

2. Under ‘What does the Fund invest in?’ on page 2 of the PDS dated 5 January 2004, paragraphs 1 and 2 are deleted and replaced with the following:

The Fund invests primarily in property and property related securities listed on the Australian Securities Exchange (ASX). However, the Fund may also invest in property and property related securities listed on other recognised exchanges located overseas. Securities in which the Fund invests include securities whose dominant business is property ownership, property funds management or property development, and infrastructure funds with property related assets. The Fund must have a minimum exposure of at least 90% to listed property and property related securities, with at least an 80% exposure to securities listed on the ASX. Unlisted securities may also be held if listing is anticipated within 12 months. The Fund may also invest up to 10% in cash. In normal circumstances, the Fund’s international investments are fully hedged back to Australian dollars, with the aim of minimising the volatility of investment returns due to currency fluctuations.

3. Insert the following after ‘Derivatives’ on page 5 of the PDS dated 5 January 2004:

International Investments

International investments are subject to all of the risks described in this section and may also carry the additional risk of exchange rate losses. These losses may occur as a result of movements in the relative values of different currencies. In addition, because some of the underlying assets are managed outside of Australia, there is a risk that the laws these assets operate under may not provide equivalent protection to that of Australian laws.


ARSN 087 397 420 APIR codes Platform (Class A) units AMP0255AU Wholesale units AMP0269AU

Supplementary Product Disclosure Statement Dated: 1 July 2006 Issued by: AMP Capital Investors Limited ABN 59 001 777 591

AFSL 232497

This is a Supplementary Product Disclosure Statement which supplements:

• the Listed Property Trusts Fund Product Disclosure Statement (PDS) dated 5 January 2004

and must be read together with the above document.

The purpose of this Supplementary Product Disclosure Statement (Supplementary PDS) is to update the PDS as follows: 1. Wholesale investments – increase of minimum initial and additional investment amounts From 1 July 2006, the minimum initial and additional amounts specified in the PDS will be increased for wholesale investments. Details of these increases, and the consequential amendments to the PDS, are provided in Section 1 of this Supplementary PDS. 2. New fees and costs disclosure requirements Under the Corporations Regulations, new requirements apply from 1 July 2006 to the presentation, structure and format of fees and costs in all product disclosure statements. Details of these requirements, and the amendments required to be made to the PDS, are provided in Section 2 of this Supplementary PDS. Section 1 Wholesale investments – increase of minimum initial and additional investment amounts For wholesale investments only, all references in the PDS to the minimum initial and additional investment amounts are changed as follows: • The minimum initial investment amount for new wholesale investments is increased from $500,000 to $10,000,000.

• The minimum additional investment amount is increased from $5,000 to $100,000.

We do reserve the right, however, to accept lower initial and additional investment amounts.

Listed Property Trusts Fund Supplementary PDS - page 2 of 5

Section 2 New fees and costs disclosure requirements Under the Corporations Regulations, new requirements apply to the presentation, structure and format of fees and costs in all Product Disclosure Statements (PDSs). These requirements apply to all PDSs issued from 1 July 2006, and mean that all PDSs must include: • a boxed consumer advisory warning statement • the prescribed fees and costs template, which sets out

- the fees when investors’ money moves in or out of a fund, and - management costs and services fees

• an additional explanation of fees and costs, and • an example of annual fees and costs. So that the PDS complies with these new disclosure requirements, all fees and costs information in the PDS is replaced by the following text, which is to be read together as the one section.

Fees and other costs

DID YOU KNOW? Small differences in both investment performance and fees and costs can have a substantial impact on your long term returns. For example, total annual fees and costs of 2% of your fund balance rather than 1% could reduce your final return by up to 20% over a 30 year period (for example, reduce it from $100,000 to $80,000). You should consider whether features such as superior investment performance or the provision of better member services justify higher fees and costs. You may be able to negotiate to pay lower contribution fees and management costs where applicable. Ask the fund or your financial adviser. TO FIND OUT MORE If you would like to find out more, or see the impact of fees based on your own circumstances, the Australian Securities and Investments Commission (ASIC) website (www.fido.asic.gov.au) has a managed investment fee calculator to help you check out different fee options.

This section shows fees and other costs that you may be charged. These fees and costs may be deducted from your investment account, from the returns on your investment or from the Fund assets as a whole. Taxes are set out on page 6 of the PDS. You should read all the information about fees and costs because it is important to understand their impact on your investment. Platform (Class A) fee amounts in this PDS Please note that the Platform fee amounts shown in this PDS are the fees we charge master trust and wrap platform operators investing through this PDS. If you are an indirect investor (that is, you are investing in the Fund through a master trust or wrap platform), please contact your financial adviser or platform operator for details of the fee amounts relating to your investment in the Fund.


Table 1

Type of fee or cost Amount How and when paid Fees when your money moves in or out of the Fund

Establishment fee The fee to open your investment.

Nil

Not applicable

Contribution fee The fee on each amount contributed to your investment.

Nil

Not applicable

Withdrawal fee The fee on each amount you take out of your investment.

Nil

Not applicable

Termination fee The fee to close your investment.

Nil

Not applicable Management costs

Management fee

Platform (Class A)

Wholesale

The fees and costs for managing your investment.

0.9716% 0.4602%

Calculated daily on the gross assets of the Fund.

Paid to us monthly out of the Fund’s assets and reflected in the unit price.

The amount of this fee may be negotiable (see ‘Fee rebate’ in this section).

Service fees Investment switching fee

The fee for changing funds.

Nil

Not applicable ‘Additional explanation of fees and costs’ in this section provides information about other fees such as buy/sell spreads, that may also apply to your investment in the Fund. Additional explanation of fees and costs Management costs Where there are underlying investment managers, the management fees shown in Table 1 include any management fees and performance fees (where applicable) charged by those underlying investment managers. Expenses Transactional and operational costs associated with dealing with the Fund's assets are recovered from the Fund (see ‘Transactional and operational costs’ in this section for more details). Currently, we do not recover other general expenses (such as legal and audit expenses) from the Fund, even though the Fund’s constitution allows this. The Fund’s constitution also entitles us to be indemnified from the Fund for any liability properly incurred. We have appointed BNP Paribas Fund Services Australasia Pty Limited to provide certain accounting, custodian and registry services to the Fund. We pay BNP for these services; they are not a cost to the Fund. Changes to fees and costs Any of the existing fees can be changed without your consent. However, we will give you 30 days written notice of any intention to: • increase the existing fees, expenses or recovery of expenses, or buy/sell spreads, or • introduce contribution or withdrawal fees. We may also introduce or increase other fees at our discretion. This may occur where increased charges are incurred due to government changes to legislation, increased costs, significant changes to economic conditions, or where third parties impose or increase processing charges. However, we currently do not foresee any reason why the fees specified in Table 1 would be increased.


Maximum fees The maximum fees that can be charged under the Fund’s constitution are: • Management fee – 2% per annum of the value of the assets of the Fund. The right to recover the maximum

management fee is currently waived. Transactional and operational costs Transactional and operational costs, including those noted below, may be incurred in relation to your investment, and are additional to the fees and costs noted in Table 1. Buy/sell spreads Buy/sell spreads are the difference between the issue price and withdrawal price of a unit, and are designed to ensure, as far as practicable, that any transaction costs incurred as a result of an investor entering or leaving a fund are borne by that investor, and not other unitholders. Buy/sell spreads are calculated as a pre-determined estimate of the average of the costs the Fund may incur when buying or selling assets. They will be influenced by our experience of the costs involved in trading these assets or the costs that the Fund has actually paid, and will be reviewed whenever necessary to ensure they remain appropriate. The buy spread is taken out of application amounts and the sell spread is taken out of withdrawal amounts. The buy/sell spread is retained within the Fund and is not a fee paid to us. The buy/sell spread is currently 0.5% (buy spread of 0.25%, sell spread of 0.25%). Examples based on a buy/sell spread of 0.5% are as follows: • for Platform (Class A) units, the total buy/sell spread for an investment of $550,000 is $2,750. • for Wholesale units, the total buy/sell spread for an investment of $10,050,000 is $50,250. Other costs Transactional and operational costs may include transactional brokerage, stamp duty, international sub-custody fees, costs of gearing and the buy/sell spreads of any underlying fund. These will differ according to the type of assets in the Fund, and will be paid out of the Fund. Tax The fees shown in Table 1 are inclusive of Goods and Services Tax (GST), less any reduced input tax credits and stamp duty. The benefits of any tax deductions, including additional input tax credits for GST, are passed on to investors in the form of reduced fees or costs. For information about the tax implications of investing in the Fund, see ‘Tax’ on page 6 of the PDS. Fee rebate We may negotiate a rebate of part of the management fee with investors who are wholesale clients for the purposes of section 761G of the Corporations Act 2001 (Cwth). Payments to your financial adviser Although we do not make any payments to financial advisers whose clients invest in the Fund through this PDS, your financial adviser may receive commissions and/or other benefits from the dealer group or organisation under which they operate. These payments and benefits, any fees you agree to pay your financial adviser, and any other benefits your financial adviser may receive, are separate to the fees shown in Table 1.


Examples of annual fees and costs for the Listed Property Trusts Fund

For Platform (Class A) units Example of annual fees and costs for the Listed Property Trusts Fund This table gives an example of how the fees and costs in the Fund can affect your investment over a one year period. You should use this table to compare this product with other managed investment products. The fees shown in this table are an example only and are not additional to the fees described in Table 1. Table 2

Example Listed Property Trusts Fund

Balance of $550,000 with a contribution of $5,000 during the year

Contribution fees Nil For every additional $5,000 you put in, you will be charged $0.

Plus Management costs 0.9716%

And, for every $550,000 you have in the Fund you will be charged $5,343.80 each year.

Equals Cost of the Fund

If you had an investment of $550,000 at the beginning of the year and you put in an additional $5,000 during that year, you would be charged a fee of $5,343.80 What it costs you will depend on the fund you choose and the fees you negotiate with your fund or financial adviser.

The $5,343.80 shown in the table above does not include the management fee charged on the additional $5,000 investment. This additional management fee would be $48.58 if you had invested the $5,000 for a full 12 months. For Wholesale units Example of annual fees and costs for the Listed Property Trusts Fund This table gives an example of how the fees and costs in the Fund can affect your investment over a one year period. You should use this table to compare this product with other managed investment products. The fees shown in this table are an example only and are not additional to the fees described in Table 1. Table 3

Example Listed Property Trusts Fund

Balance of $10,050,000 with a contribution of $100,000 during the year

Contribution fees Nil For every additional $100,000 you put in, you will be charged $0.

Plus Management costs 0.4602%

And, for every $10,050,000 you have in the Fund you will be charged $46,250.10 each year.

Equals Cost of the Fund

If you had an investment of $10,050,000 at the beginning of the year and you put in an additional $100,000 during that year, you would be charged a fee of $46,250.10 What it costs you will depend on the fund you choose and the fees you negotiate with your fund or financial adviser.

The $46,250.10 shown in the table above does not include the management fee charged on the additional $100,000 investment. This additional management fee would be $460.20 if you had invested the $100,000 for a full 12 months.

ARSN 087 397 420APIR code Class A units - AMP0255AUAPIR code Wholesale units - AMP0269AUDated 5th January 2004

This product disclosure statement is issued byAMP Capital Investors Limited ABN 59 001 777 591Australian Financial Services Licence Number 232497

We recommend that you read the entire product disclosure statementthoroughly and consult your Financial Adviser before investing.

Listed Property Trusts FundProduct Disclosure Statement

Who is AMP Capital Investors? 2

About the Listed Property Trusts Fund 2

What is the investment objective of the Fund? 2

Suggested minimum investment time frame 2

What does the Fund invest in? 2

What is the investment style for the Fund? 3

Unit Classes 3

What about the Fund’s performance and size? 3

What are the costs? 4

What are the risks? 5

Commissions and other payments 6

Tax 6

How do you invest? 6

How do you access your money? 7

Fund income – when and how? 7

Our legal relationship with you 8

Complaints 8

Investing through a master trust or wrap account? 9

We respect your details 9

About this product disclosure statement 9

Keeping you in touch 10

Where to find us 10

How to Apply / Application Form 11 - 12


Dated 5th January 2004 – Class A and Wholesale Units Page 2 of 12

Who is AMP Capital Investors?

AMP Capital Investors Limited (“AMP Capital Investors”) is the responsible entity of the Listed Property Trusts Fund

(“Fund”).

AMP Capital Investors is part of AMP’s asset management business. We operate a large investment management

business, which invests in a range of asset classes, including shares, bonds, cash, property and private capital. We

offer a comprehensive investment management service, access to international markets and a range of investment

products.

About the Listed Property Trusts Fund

The Fund normally invests in property (and property related) securities listed on the Australian Stock Exchange. The

expected volatility of this Fund is high, and neither income nor your investment is guaranteed.

What is the investment objective of the Fund?

Our aim is to provide medium to high returns over the long-term while accepting high levels of volatility in returns.

The benchmark for the Fund is the S&P/ASX 200 Property Accumulation Index. In seeking to achieve the investment

objective, we aim to provide a total return, after costs and before tax, higher than the return from the benchmark on a

rolling 12 months basis.

If we ever change this, we will tell you first.

Suggested minimum investment time frame

4 to 5 years.

What does the Fund invest in?

The Fund normally invests in property (and property related) securities listed on the Australian Stock Exchange.

The Fund may invest up to 10% in cash and fixed interest securities if these investments are seen to add value or

assist in managing risk.

Options, futures and other derivatives may be used to reduce risk or gain exposure to physical investments, when we

think it worthwhile.

The Fund may also invest in financial products (for example managed funds and securities) offered by AMP Capital

Investors or its associates.

It is not our intention to gear the Fund. This means, in normal circumstances, the Fund is no more than 100% exposed

to market movements after taking into account derivative positions. The Fund is not restricted in the amount that it can

borrow. We may borrow to meet the Fund’s short-term liquidity needs.

The Fund currently has no material liabilities.

We will notify unitholders prior to any change in this investment policy.



What is the investment style for the Fund?

The Fund adopts a bottom-up approach to investing in listed property. The team performs extensive research on

individual property trusts in order to estimate the future income of each listed property trust. This allows us to calculate

a value for each listed property trust.

Securities are then selected by comparing our calculation of net present values of listed property trusts to current

trading prices.

Labour standards or environmental, social or ethical factorsWe are primarily concerned with financial and economic matters in our investment deliberations.

At the same time, we acknowledge that labour standards and environmental, social and ethical factors may have an

impact on value. Consequently, these factors may influence our investment deliberations from time to time if they are

considered likely to have a material impact on the value of an asset. However, these factors do not directly and

consistently drive the selection, retention or realisation of individual assets.

AMP Capital Investors maintains an active corporate governance policy across all investment portfolios, on behalf of

our clients. The policy encompasses having views on traditional corporate governance issues (e.g. executive option

plans, board composition) as well as social and environmental factors.

Unit Classes

The Fund currently has a number of different classes of units. This product disclosure statement relates to both

Class A and Wholesale units.

What about the Fund’s performance and size?

If you are interested in up to date information on the Fund’s investments, performance history, performance relative to

the benchmark, or the Fund’s size, please visit our internet site (www.ampcapital.com.au) or call our help line toll-free

during Sydney business hours. Please note that while historical performance shows how a unit class has performed in

the past, it is not an indication of how it may perform in the future. Performance of a unit class, and between unit

classes, may vary over time.

Your investment is not a deposit or liability of AMP Capital Investors or any other member of the AMP Group - none of

them nor us stand behind the capital value and/or performance of the units issued or the assets of the Fund. Your

investment can be subject to investment risk, including possible delays in repayment and loss of income or principal

invested.



What are the costs?

Fee type Class A units(pa)

Wholesale units (pa)

About the fees

Establishment fee, Contribution fee Nil Nil

Investment Management Fee 0.95% 0.45% See note 2, note 3 and note 4.

Expense recoveries 0.0216% 0.0102% See note 5.

Ongoing Fees (often called a

Management Expense Ratio or

‘MER’)

0.9716% 0.4602% This is the total of all ongoing

administration, investment management,

expense recovery and other fees

charged by the Fund excluding

brokerage, stamp duty and bank

charges. See note 5 and note 6.

Withdrawal fee, Termination fee Nil Nil

Switching fee, Adviser Services fee,

Administration fee, Issuer fee,

Member fee

Nil Nil There is no fee for switching although a

buy-sell spread may apply when you

buy or sell your units. See note 8.

Eligible investors for Class A units are IDPS schemes (e.g. discretionary master trusts or wrap accounts) or other

categories of investors that we may determine should invest through Class A units.

Eligible investors for Wholesale units are those investing more than $500,000, existing Wholesale unit investors or

other categories of investors that we may determine should invest through Wholesale units.

Important notes:1. If we change the fees, expenses or recovery of expenses (including the ongoing fees or MER), the buy-sell

spread, or introduce contribution or withdrawal fees, we will give you 30 days notice of our intention to do so.

2. AMP Capital Investors may individually negotiate a rebate of part of the management fee with sophisticated or

professional investors.

3. The maximum management fee we may charge is 2% pa of the value of the assets for each class of units.

4. The investment management fee includes the investment management fees charged by the underlying

investment managers if any are appointed.

5. Expenses associated with dealing with the Fund’s assets, such as brokerage, stamp duty and bank charges, are

recovered from the Fund. Currently, we do not recover other general expenses except for the GST, even though

the constitution allows us to do so. The constitution also entitles us to be indemnified from the Fund for any

liability properly incurred.

6. The ongoing fees (or MER) will total about $404.83 per month (Class A units) and $191.75 per month

(Wholesale units) for each $500,000 of your investment. Please note that the total amount of fees you will pay

will vary depending on the total value of your investment.

7. The fees are calculated each day on the total value of the assets in the Fund and are paid to us each month.



8. The difference between the issue price and withdrawal price of a unit, often called the “buy-sell spread”, is 0.50%

(0.25% buy / 0.25% sell). This buy-sell spread is an estimate of the transaction costs involved in buying / selling

assets as a result of an investor purchasing / selling units.

What are the risks?

All investing involves risk. It’s the trade-off for the return we all seek. Generally, the higher the expected return the

higher the expected risk or volatility.

While the Fund is managed with the aim of providing competitive investment returns, and protecting against risk,

investors should be aware that certain risks do exist. These include:

the value of your investment can fall. This is important if you need to access your money, as you may get back

less than you invested;

the amount of income you receive can vary. This is important if you depend on regular income to meet your

financial commitments;

your investment may not keep pace with inflation. This would reduce the future purchasing power of your money;

we may not be able to achieve the stated aims and objectives for the Fund.

General factors that can also affect the value of an investment include the state of the Australian and world economies,

interest rates and inflation, consumer confidence, a company’s performance, exchange rate fluctuations, the supply

and demand for various investments, changes in government policy, taxation and other laws, and the performance of

the investment manager.

Cash and fixed interest investmentsAlthough fixed interest securities normally pay a set amount of income, market values can fluctuate and overall returns

can be negative. Generally, the value of your investment will fall, if interest rates rise, resulting in capital losses.

Securities are also subject to default risk, and as such, may default on interest payments, the repayment of capital or

both.

Share market investmentsShare market investments have been shown to produce high returns over the long term, however, the risk of capital

loss exists, especially over the shorter term. Specific risks relating to individual companies include disappointing profits

and dividends, management changes or a reassessment of the outlook for the company or industry.

PropertyEven though the Fund does not invest in property directly, many of the factors affecting the property market will affect

the securities in the Fund. These include the quality of the underlying properties, geographic location, demand and

supply factors for certain types of property (eg office, shopping centres and industrial), the rental profile of the properties

owned and the level of rental income.

DerivativesThe Fund may use derivatives such as options, futures or forward rate agreements, with the aim of:

protecting against risks such as unfavourable changes in an investment’s price brought about by, for example,

changes in interest rates, commodity prices, currencies or other factors;



enhancing returns by taking advantage of favourable mispricings within a market or as a cost-effective alternative

to purchasing physical assets.

The use of derivatives is strictly controlled by AMP Capital Investors and will not be used to gear the Fund. There is a

risk of loss to the Fund through the use of derivatives. However, the use of derivatives is managed in accordance with

the above objectives with the aim of limiting the size of any overall negative impact to the Fund.

Managing your risksYou can do some things to reduce the impact of risk. First, obtain professional advice that is suitable to your investment

objectives, financial situation and particular needs. Secondly, invest for at least the minimum suggested time frame -

refer page 2. Please note, however, that investing for the minimum suggested time frame does not necessarily

eliminate the risk of loss and you should regularly review your investments in light of your investment objectives,

financial situation and particular needs.

Commissions and other payments

Up to 0.25% pa of the value of your investment may be payable by AMP Capital Investors out of its management fee

to licensed financial advisers or other relevant persons.

AMP Capital Investors has appointed BNP Paribas Fund Services Australasia Pty Limited to provide certain

accounting, custodian and registry services, and pays for these services out of its own funds.

Tax

Investing and dealing with investments has tax (and often social security) implications that can be complex, and are

invariably particular to your circumstances.

Generally, each year you are liable to pay tax at marginal rates on any distributions from the Fund (even if reinvested),

although you may be entitled to tax credits or concessionally taxed income (such as capital gains). Please note that the

Fund has significant exposure to unrealised capital gains that may need to be distributed if realised.

You may also be liable to pay capital gains tax on any capital gains from disposing of your investment.

It’s important that you seek professional advice before you invest or deal with your investment.

How do you invest?

Complete a current paper or electronic application form and send it to us. We also need your cheque or you can pay

on-line. Generally, you need $500,000 to start and need to keep $500,000 invested.

However, we may accept at our discretion lesser amounts for certain categories of investors, including:

professional or sophisticated investors;

master trust and wrap accounts.

To invest more, you can use another paper or electronic application form, or just write to or fax us. Your cheque or on-

line payment generally needs to be at least $5,000. Further investment is made on the basis of the then current

product disclosure statement.



Eligible investors for Class A units are IDPS schemes (e.g. discretionary master trusts or wrap accounts) or other

categories of investors that we may determine should invest through Class A units.

Eligible investors for Wholesale units are those investing more than $500,000, existing Wholesale unit investors or

other categories of investors that we may determine should invest through Wholesale units.

We generally process applications each business day, using the issue price next calculated after 2.00pm Sydney time.

If we receive an application after 2.00pm, or on a non-business day for us, we treat it as having been received before

2.00pm the next business day. We normally determine the market value and net asset value of the Fund at least each

business day, using the market prices of the assets in which the Fund is invested. The issue price is determined under

the constitution by reference to the net asset value and transaction costs pertaining to the relevant class of units.

Retail investors have a cooling-off right, whereby units can be returned and the issue price (subject to some

adjustments) will be repaid. This right can be exercised by giving us notice within 14 days from the earlier of the

transaction being confirmed or the 5th day after the units were issued.

If you do not complete another application form when making an additional investment, you should keep this product

disclosure statement (and any supplementary or updating product disclosure statement) handy for ongoing investing.

You can request a copy of the current product disclosure statement (and any supplementary or updating product

disclosure statement) free of charge at any time by phone, email or in writing. We will send you a transaction statement

setting out details of your additional investments within 5 business days of our accepting or rejecting your application

for additional investment. We will also send you a transaction statement if you ask (free of charge and as soon as

practicable after your request).

How do you access your money?

Contact us in writing and tell us how much you need to withdraw. We generally require a balance of $500,000 to keep

your investment open. If your investment falls below this level, we may redeem your investment and pay the proceeds

to you.

Normally, we take up to 5 business days to pay a withdrawal request. We will pay you by cheque or to your account.

We generally process withdrawal requests each business day, using the withdrawal price next calculated after 2.00pm

Sydney time. If we receive a withdrawal request after 2.00pm, or on a non-business day for us, we treat it as having

been received before 2.00pm the next business day. We normally determine the market value and net asset value of

the Fund at least each business day, using the market prices of the assets in which the Fund is invested. The

withdrawal price is determined under the constitution by reference to the net asset value and transaction costs

pertaining to the relevant class of units.

If you want to transfer your units, speak to us. We have the forms, and stamp duty will generally need to be paid.

Fund income – when and how?

Any income is usually paid quarterly based on the income earned by the Fund and the number of units you hold at the

end of the period. Unit prices will normally fall after the end of each quarter because of this. If you invest just before the

end of such a quarter, you may find you quickly get back some of your capital as income.



Distributions are either paid to you or reinvested, depending on your requirements - use the application form to tell us.

Any distributions reinvested are reinvested at the quarter end price less the distribution.

Our legal relationship with you

The Fund is a managed investment scheme registered under the Corporations Act, structured as a unit trust.

The constitution provides the framework for the operation of the Fund, and with the product disclosure statement, the

Corporations Act and some other laws, sets out our relationship with unitholders. We will send you a copy of the

constitution free if you ask.

Some of the provisions of the constitution are discussed elsewhere in this product disclosure statement. Others relate

to:

the times when we can delay your access to your money - such as if the Fund is illiquid, realising assets is not

possible, or it is not in the best interests of unitholders;

where we may deduct taxes or other amounts from payments to you;

our ability to refuse transfers and applications - we generally don’t refuse these;

the times when we are not liable to you and our right to fees and to be indemnified;

changing the constitution;

when we can terminate the Fund or retire, and what happens if we do;

voting rights.

Your liability is limited by the constitution to the value of your units, but the courts have yet to determine the

effectiveness of provisions like this.

Complaints

We have established procedures to deal with any complaints. If you make a complaint we will:

ensure an appropriate person properly considers the complaint; and

respond to you as soon as we can, and give you information on any further action available to you.

If your issues remain unresolved, then you can contact the Financial Industry Complaints Service - they are

independent from us. Their number is 1300 78 08 08.



Investing through a master trust or wrap account?

Investors gaining exposure to this Fund through a master trust or wrap account do not themselves become investors in

the Fund.

Instead, it is generally the operator of the master trust or wrap account who invests for you and so has the rights of an

investor. They may or may not exercise those rights, in accordance with their arrangements with you.

Indirect investors complete the application forms for the master trust or wrap account and receive reports from their

operator, not us. Enquiries should be directed to the operator of the master trust or wrap account.

Some provisions of the constitution are not relevant for indirect investors. For example, indirect investors cannot attend

meetings or transfer units.

Please contact your IDPS operator for information about any cooling-off rights.

We respect your details

Our primary purpose in collecting personal information from you is to enable us to establish and manage this Fund. If

you choose not to provide the information requested in the application form, we may not be able to process your

application.

This information may also be used for related purposes of managing our relationship with you, which may include

providing you with ongoing information about a range of financial services that may be useful for your financial needs

(and you can always ask that it stop).

We usually disclose information of this kind to other members of the AMP Group; your financial planner if applicable;

and to external service suppliers who supply administrative, financial or other services to assist us in providing financial

services.

The AMP Privacy Policy Statement sets out the AMP Group's policies on management of personal information. You

may obtain a copy by contacting us or accessing our internet site.

You may access personal information about you held by us, pursuant to the National Privacy Principles, and you may

let us know if you think any of it is inaccurate, incomplete or out of date. You can contact us by calling 1800 658 404.

About this product disclosure statement

If you have received this product disclosure statement electronically, we will provide a paper copy free if you ask.

Investors who access, or wish to access, the Fund through a master trust or wrap account may rely on this product

disclosure statement.

The offer made in this product disclosure statement is available only to persons receiving it (electronically or otherwise)

within Australia.

This product disclosure statement has been issued by AMP Capital Investors. No other company in the AMP Group is

responsible for the preparation or issue of this product disclosure statement – or any statement or information in it.

What’s an IDPS?What’s an indirectinvestor?

These are terms yousometimes hear. IDPSstands for “investordirected portfolio service”.

They are investment &reporting services operatedby an operator, and areoften called a master trustor wrap account, or anominee or custodyservice.

We call all these servicesmaster trusts or wrapaccounts, and people whoinvest through them areindirect investors.



Keeping you in touch

We will:

confirm every transaction you make;

report to you monthly on money you invest in or withdraw from the Fund and your balance (if you want an update

at any time, ask us and we’ll send it free);

at tax time, send you a report to help you with your tax return;

each year, send you the accounts of the Fund;

give you a paper copy of any updated information (that is not materially adverse) without charge on request;

send you any supplementary or replacement product disclosure statements.

For up-to-date information, including the most recent Fund performance and portfolio allocation details (and also

information that is not materially adverse and which is subject to change from time to time), please visit our internet site

(www.ampcapital.com.au) or you can always call our help line toll-free during Sydney business hours.

Where to find us

AMP Capital Investors Limited50 Bridge Street, Sydney NSW 2000

GPO Box 5445, Sydney NSW 2001

AMP Capital Client Services TeamTelephone: 1800 658 404

Fax: 1800 630 066

e-mail: [email protected]

Dealer groups, research and financial adviser enquiriesTelephone: 1300 139 267

Fax: 1800 630 066

GPO Box 5445, Sydney NSW 2001

e-mail: [email protected]

How to Apply

How to Apply

To invest in the Fund, you should:• Fill in and sign the application form. (Note: This form should only be completed by the person or entity who is, or will

become, the unitholder.)• Make cheques payable to AMP Capital Investors Limited - <Insert investor’s name> and cross

‘not negotiable’.

You can make your investment by:• Direct Deposit your investment at any branch of Westpac Bank to our account:

Account No: 112 655Branch: Royal Exchange, Cnr Pitt and Bridge Streets, SydneyBSB: 032-004

As soon as you make your deposit, please fax your application form and receipt of deposit to AMP Capital Investors Fundson 1800 630 066.

• Mail your application and cheque to:Client Services TeamAMP Capital Investors LimitedGPO Box 5445, Sydney NSW 2001

Minimum investmentThe minimum amount for an initial investment is $500,000. However, we may accept lesser amounts at our discretion.

Tax File number (TFN) or Australian Business Number (ABN)It is optional to provide a Tax File Number or exemption. If you do not provide a TFN or exemption, we are required to deductand pay tax from most income distributions (including reinvestments) made to you at the highest marginal tax rate (includingthe Medicare levy). If you are investing in the course of carrying on a business, you may quote your ABN as an alternative toyour TFN or exemption.

Joint applicants should provide the TFN or exemption for each applicant. Trustee applicants should provide the TFN of thetrust.

Authorised representativeYou may appoint one or more persons as your authorised representative to operate your investment. You warrant that youhave taken all action necessary to appoint each person validly and properly as your authorised signatory and to authorise themto exercise the same powers as you can under the constitution of the Fund.

The exercise of any of the powers by a person reasonably believed by us to be your authorised representative will be treatedas if you had personally exercised those powers. This arrangement will continue until you cancel the appointment in writing.

You agree to release, discharge and indemnify us against any liabilities arising out of this facility. You agree that neither you norany person claiming through you has any claim against the Fund or us in respect of any payment from the Fund on theinstruction of your authorised representative.

We may cancel this facility or vary these conditions, but only after giving you 14 days notice in writing.

If you would like to nominate an authorised representative, please call the AMP Capital Client Services Team.

How to signIndividuals - The application form must be signed by the applicant, or by all applicants if it is a joint application, or on theapplicant’s behalf under an appropriate authority (such as a power of attorney).

Companies and bodies corporate - If the applicant is a corporation, it must be signed by an authorised officer or attorney andas specified in the corporation’s constitution. If the corporation has a sole director/secretary, it must state this fact on the form.The common seal must be affixed, if applicable. Other bodies corporate must sign in such a way as to bind the body corporate.

Trustees - If the applicant is a trustee (or responsible entity), the applicant warrants at the time of signing that it is authorised toapply and to do all things necessary as a result of becoming a unitholder under the relevant trust deed or constitution.

Signing under power of attorney - If the applicant is signing under a power of attorney, the applicant is verifying that it has notreceived at the time of signing, notice of revocation of that power. Please provide a certified copy of that power.


By subscribing to the Fund you warrant that:

you comply and will continue to comply with all

applicable anti-money laundering (AML) and counter-

terrorism financing (CTF) laws and regulations,

including but not limited to the law and regulations

of Australia in force from time to time (AML/CTF Law)

you are not aware and have no reason to suspect that:

– the moneys used to fund your investment

in the Fund have been or will be derived from

or related to any money laundering, terrorism

financing or similar activities that would be illegal

under applicable laws or regulations or otherwise

prohibited under any international convention

or agreement (‘illegal activity’), or

– the proceeds of your investment in the Fund will

be used to finance any illegal activities

you, your agent or your nominated representative

will provide us with all additional information and

assistance that we may request in order for us to

comply with any AML/CTF Law, and

you will notify us if you are or become:

– a ‘politically exposed’ person or organisation for the

purposes of any AML/CTF Law, or

– commonly known by a name other than the name

provided in the form you complete at the time of

applying for an investment in the Fund.

•

•

•

•

By subscribing to the Fund, you also acknowledge

that we may:

decide to delay or refuse any request or transaction,

including by suspending the issue or redemption

of shares in the Fund, if we are concerned that the

request or transaction may breach any obligation of,

or cause us to commit or participate in an offence

under any AML/CTF Law, and we will incur no liability

to you if we do so

take other action we reasonably believe is necessary

to comply with AML/CTF Law, including disclosing

any information that we hold about you to any of our

related bodies corporate or service providers whether

in Australia or outside Australia, or to any relevant

Australian or foreign AML or CTF regulator, and

collect additional information about you from time

to time, from you or from third parties, for the purposes

of satisfying our AML/CTF Law obligations, and that we

may use and disclose any such information as described

in the privacy statement in this PDS.

Identification information and documentsTo comply with our obligations under anti-money

laundering and counter-terrorism financing legislation,

we must collect certain information about each investor,

supported by relevant identification documents.

Examples of identification documents include

passports and driver’s licences for individuals,

and evidence of registration for entities such as

companies. The documents you will need to provide

are listed in the form you complete at the time of

applying for an investment in the Fund.

•

•

•

Anti-money laundering and counter-terrorism financing

Wholesale – Listed Property Trusts Fund Page � of 20

Listed Property Trusts FundIssuer: AMP Capital Investors Limited ABN 59 001 777 591 (AFSL 232497)

Application form – for wholesale investors onlyPlatform (Class A) investors: Do not submit this form – please contact us for the forms you will need to complete.

This application form accompanies the Listed Property Trusts Fund Product Disclosure Statement (PDS) dated �4 January 2008.

Units in the Fund will only be issued following our acceptance of an application form issued with the PDS, which contains information about investing in the Fund.

If you give another person access to this application form, you must, at the same time and by the same means, give them access to the PDS and any supplementary or replacement PDS. We will send you a paper copy of the PDS, any supplementary or replacement PDS and the application form free of charge on request during the life of this PDS.

Before completing this form and applying for units in the Fund, it is important that you read the entire PDS.

Please use a black pen and print in CAPITAL LETTERS.

PART A – ARe you An exisTing invesToR wiTh AmP cAPiTAl?

No – go to Part C

Yes, my client number is

Investor name – go to Part B

PART B – PuRPose of This suBscRiPTion (please tick to indicate)

Additional investment – go to Section 10.

Initial investment in this Fund – go to Part C

PART c – TyPe of invesToR (please tick to indicate) go To PAge

Individual SecTIoN � 2

Joint investors SecTIoN � 2

Sole trader SecTIoN � 2

company (must be registered with ASIc or a foreign registration body) SecTIoN 2 4

Trust SecTIoN 3 6

Superannuation fund SecTIoN 3 7

charity SecTIoN 4 9

Association (incorporated or unincorporated) SecTIoN 5 �0

Partnership SecTIoN 6 �2

Government body SecTIoN 7 �4

Registered co-operative SecTIoN 8 �5

Agent for the investor acting under power of attorney or as legal or nominated representative

Please also tick above to indicate the type of investor.

complete the section relevant to the type of investor, then complete Section 9.

Wholesale – Listed Property Trusts Fund Page 2 of 20

SecTIoN � – INDIVIDUAL • JoINT INVeSToRS • SoLe TRADeRComplete this section if you are investing as or on behalf of:

• an individual investor • joint investors (all joint investors must provide details), or • a sole trader.

All other investors Please refer to page � for the sections you need to complete.

1. invesToR 1 (all investors must complete)

Personal details

Title Surname

Given name(s) Date of birth

/ /

Gender Male Female

occupation Industry

Tax File Number (or exemption code)

country of residency (please tick)

Australia If other than Australia, or more than one country of residency, please specify

country of citizenship (please tick)

Australia If other than Australia, or more than one country of citizenship, please specify

Residential address (not a Po Box)

Unit number Street number Street name

Suburb/Town State

Postcode country

sole TRAdeR only

Business name

Australian Business Number (ABN) if applicable

Principal place of business (please tick)

Same as residential address in Question �

other – please provide address (not a Po Box)


Suburb/Town State

Postcode country

2. invesToR 2 ( joint investors only)

Personal details

Title Surname


/ /

Gender Male Female

occupation Industry








Suburb/Town State

Postcode country

JoinT invesToRs only

Please indicate who will sign to authorise transactions on your investment account. If no selection is made, both signatures will be required for all transactions.

Both to sign either to sign


3. idenTificATion documenTATion – All invesToRs

To comply with our obligations under anti-money laundering and counter-terrorism financing legislation, we must collect certain information about each investor (and agent where applicable), supported by certified copies* of relevant identification documents. Documents written in a language other than english must be accompanied by an english translation prepared by an accredited translator (please contact us for a list of accredited translators).

* See ‘Identification documentation’ on the last page of Section �0 for details about obtaining certified copies.

Please provide all relevant documents as indicated below. We cannot accept applications without these documents.

3A. PRimARy documenTs

Please tick to indicate which one of the primary documents below are being provided for each investor:

certified copy of a current Australian or foreign passport that shows your photograph, date of birth and signature. For Australian passports only, we will accept a passport that expired within the 2 years prior to submitting this application form, oR

certified copy of a current Australian driver’s licence (must contain your photograph, date of birth and signature), oR

certified copy of a current card issued by an Australian state or territory for the purpose of proving a person’s age (must contain your photograph, date of birth and signature).

3B. secondARy documenTs

If you do not have any of the primary documents above issued in your name, we will accept certain Australian or foreign documentation. Please tick below to indicate whether you are providing Australian or foreign documentation.

Australian documentation Please provide one document from each of the groups below.

Group 1. certified copy of an Australian birth certificate oR certified copy of an Australian citizenship certificate oR certified copy of a pension or health card issued by centrelink.

AND

Group 2. An original notice, showing your name and residential address, issued in the preceding �2 months by the Australian Taxation office or any Australian commonwealth, State or Territory Government body oR an original notice (such as an electricity bill or rates notice) showing your name and residential address, issued in the preceding 3 months by a local government body or a utilities provider.

Foreign documentation Please provide both of the following:

�. National identity card issued by a foreign government, the United Nations (UN) or an agency of the UN (must contain your photograph, date of birth and signature).

AND

2. Foreign driver’s licence (must contain your photograph, date of birth and signature).

4. AgenT foR invesToR

Is an agent acting for the investor?

Yes – go to Section 9

No – go to Section 10


SecTIoN 2 – coMPANYComplete this section if you are:

• investing for or on behalf of a company, or • providing details about a company trustee.


1. All invesToRs

company name

contact person

2. comPAny deTAils

Australian company

Public

Proprietary

Foreign company

Public

Proprietary

Private

other – please specify

Country of formation, incorporation or registration

Name of regulator if company is licensed and subject to regulation

Licence details

Is the company listed on a stock exchange? Yes No

If yes – Name of stock exchange

Is the company a subsidiary of an Australian listed company? Yes No

If yes – Name of Australian listed company

If yes – Name of stock exchange

3. comPAny TyPe

Please tick to indicate

Australian company – go to Question 4

Foreign company – go to Question 5

4. AusTRAliAn comPAny

company name (as registered with ASIc)

AcN

Registered office address in Australia (not a Po Box)


Suburb/Town State Postcode

Principal place of business in Australia (please tick)

Same as registered office address above




Go to Question 6

5. foReign comPAny (must be a registered company)

company must be registered with ASIc or a foreign registration body. Please provide details as appropriate.

5A. RegisTeRed wiTh Asic

company name (as registered with ASIc)

ARBN

Registered office address in Australia (not a Po Box)



5B. RegisTeRed wiTh foReign RegisTRATion Body

company name (as registered with foreign registration body)

Name of foreign registration body

Foreign company identification number

Principal place of business in Australia (please tick)

Same as registered office address above





If no registered place of business in Australia, please complete the following: Does the company have a local agency in Australia?

No – go to Question 6

Yes – please provide details

Name of agent

Agent address



Go to Question 6

6. mAJoR shAReholdeRs

For any proprietary or private company (Australian or foreign) which is not a regulated company, please provide details below. All other companies – go to Question 7.

Please provide details below for each shareholder who owns, through one or more shareholdings, more than 25% of the company’s issued capital.

Major shareholder 1 – Full name



Suburb/Town State

Postcode country




Suburb/Town State

Postcode country




Suburb/Town State

Postcode country

7. RegisTeRed PRoPRieTARy oR PRivATe comPAny only

To be completed for companies registered as proprietary or private companies by an Australian or foreign registration body. All other companies – go to Question 8

Number of directors

Please provide full names of all directors

Director 1

Director 2

Director 3

Director 4

Director 5

Director 6

If there are more than 6 directors, please write their full names on a separate page and attach to this application form.

8. idenTificATion documenTATion – All comPAnies




comPAny RegisTRATion

Please tick to indicate that you are providing:

certified copy of a certificate of registration or incorporation issued by ASIc or the relevant foreign registration body (must show full name of company, name of registration body, company identification number and the type of company – private or public).






SecTIoN 3 – TRUST • SUPeRANNUATIoN FUNDComplete this section if you are investing for or on behalf of:

• a trust, or • a superannuation fund.


1. TRusT deTAils

Name of trust

country of establishment


2. TyPe of TRusT

Please indicate the type of trust and provide details where appropriate.

Category A Government superannuation fund (Australian or foreign) established under legislation

Category B Foreign superannuation fund (other than category A)

Category C Managed investment scheme registered with ASIc

ARSN

Category D Regulated trust (such as a self-managed superannuation fund) subject to regulatory oversight of an Australian commonwealth statutory regulator – see definition of regulated trust below.

Name of regulator (eg ASIc, APRA, ATo)

Registration/Licence details

ABN

Category E other (eg family trust, unregistered scheme, foreign trust) – please specify

REGULATED TRUST – DEFINITIoNA regulated trust means a trust that is:

a) a self-managed superannuation fund within the meaning of Section �9 of the SIS Act* – the regulator is the ATo**

b) a regulated superannuation fund, an approved deposit fund, a pooled superannuation trust or a public sector superannuation scheme, within the meaning of the SIS Act – the regulator is APRA***, or

c) any other trust that AMP capital confirms is a trust that is registered and subject to regulatory oversight of an Australian commonwealth statutory regulator in relation to its activities as a trust.

*SIS Act – Superannuation Industry (Supervision) Act �993 **ATo – Australian Taxation office ***APRA – Australian Prudential Regulation Authority

3. BeneficiARies (categories B and e only)

For categories B and e, please provide details below. All other categories – go to Question 4.

Do the terms of the trust identify the beneficiaries by reference to membership of a class?

Yes – please provide details of membership class (eg family members of a named person)

No – please provide full names of all company and individual beneficiaries

Beneficiary 1

Beneficiary 2

Beneficiary 3

Beneficiary 4

If there are more than 4 beneficiaries, please write their full names on a separate page and attach to this application form.

4. TyPe of TRusTee

Please tick to indicate:

The trustees are all individuals – go to Question 5

The trustees are all companies – go to Question 6

The trustees are a combination of individuals and companies – go to Question 5

5. individuAl TRusTee deTAils

Please provide the following details for one of the individual trustees.

Personal details

Title Surname


/ /






8. idenTificATion documenTATion




8A. cATegoRies A, c And d only (see Question 2 for categories)


screen print from the relevant regulator’s website showing the full name of the trust, and that the trust is a registered scheme, regulated trust or government superannuation fund.

8B. cATegoRies B And e only (see Question 2 for categories)

Please tick to indicate that you are providing both of the following:

certified copy or certified extract of the trust deed, oR notice (such as assessment notice) issued to the trust by the Australian Taxation office within the preceding �2 months, oR letter from a solicitor or qualified accountant verifying the name of the trust

AND

list of the full names and addresses (not Po Boxes) of all individual and company trustees.

Please continue to Question 8c.



Suburb/Town State

Postcode country

Is the trust a superannuation fund?


Yes – go to Question 7

6. comPAny TRusTee deTAils

only complete this question if there are no individuals acting as trustees.

complete this question for one company trustee only.Business name (if any) of company trustee (in relation to the trust)

Is the trust a superannuation fund?


Yes – go to Question 7

7. suPeRAnnuATion fund

Fund name

country of registration

Name of regulator

Registration number

Name of legislation under which superannuation fund was established (if applicable)




AND

Group 2. An original notice, showing the trustee’s name and residential address, issued in the preceding �2 months by the Australian Taxation office or any Australian commonwealth, State or Territory Government body oR an original notice (such as an electricity bill or rates notice) showing the trustee’s name and residential address, issued in the preceding 3 months by a local government body or a utilities provider.


�. National identity card issued by a foreign government, the United Nations (UN) or an agency of the UN (must contain the trustee’s photograph, date of birth and signature).

AND

2. Foreign driver’s licence (must contain the trustee’s photograph, date of birth and signature).

9. AddiTionAl infoRmATion

Did you complete Question 6 ‘company trustee details’?

Yes – go to Section 2 and complete all details relevant to the company named in Question 6.

No – If an agent is acting for the investor – go to Section 9

All other investors – go to Section 10

8c. TRusTee idenTificATion – cATegoRies B And e only

only complete this question if a trustee’s details were provided in Question 5, otherwise go to Question 9.

PRIMARY DoCUMENTS

Please tick to indicate which one of the primary documents below is being provided:

certified copy of a current Australian or foreign passport that shows the trustee’s photograph, date of birth and signature. For Australian passports only, we will accept a passport that expired within the 2 years prior to submitting this application form, or

certified copy of a current Australian driver’s licence (must contain the trustee’s photograph, date of birth and signature), or

certified copy of a current card issued by an Australian state or territory for the purpose of proving a person’s age (must contain the trustee’s photograph, date of birth and signature). If the trustee does not have any of the above documents issued in their name, we will accept two Australian or foreign documentation as noted below:

SECoNDARY DoCUMENTS

If the trustee does not have any of the primary documents above issued in their name, we will accept certain Australian or foreign documentation. Please tick below to indicate whether you are providing Australian or foreign documentation.


SecTIoN 4 – cHARITYComplete this section if you are investing for or on behalf of a charity.


1. chARiTy deTAils

Name of charity Purpose of charity

Name of entity controlling the charity country of registration (if applicable)

If other than Australia, please provide the name of the regulator (if any)

charity registration number (if applicable)

charity fundraising number (if applicable)


Address of registered office (not a Po Box)

Unit number Street number Street name Suburb/Town State

Postcode country

2. TyPe of chARiTy (please tick to indicate)

company – go to Section 2 and complete all details for the company.

Trust – go to Section 3 and complete all details for the trust.

Superannuation fund – go to Section 3 and complete all details for the superannuation fund.

Association – go to Section 5 and complete all details for the association.

Partnership – go to Section 6 and complete all details for the partnership.

Government body – go to Section 7 and complete all details for the government body.

Registered co-operative – go to Section 8 and complete all details for the registered co-operative.

Wholesale – Listed Property Trusts Fund Page �0 of 20

1. AssociATion deTAils

Full name of association

Identification number issued on incorporation (if any) eg AcN

Chairman – Full name

Secretary – Full name

Treasurer – Full name

2. AssociATion TyPe

Incorporated association – go to Question 3

Unincorporated association – go to Question 4

3. incoRPoRATed AssociATion

Please tick to indicate and provide details for one the following (either registered office, principal place of administration or public officer):

Registered office

Address (not a Po Box)


Suburb/Town State

Postcode country

Principal place of administration

Address (not a Po Box)


Suburb/Town State

Postcode country

Public officer (or president, secretary or treasurer if there is no public officer)

Full name

Position



Suburb/Town State

Postcode country

4. unincoRPoRATed AssociATion

Principal place of administration (not a Po Box)


Suburb/Town State

Postcode country

Details of the member who is signing on behalf of the unincorporated association.

Title Surname


/ /



Suburb/Town State

Postcode country

SecTIoN 5 – ASSocIATIoNComplete this section if you are investing for or on behalf of an association.


Wholesale – Listed Property Trusts Fund Page �� of 20





5A. AssociATion idenTificATion

Incorporated association – Please tick to indicate that you are providing one of the following:

certified copy of information provided by ASIc or government responsible for the incorporation of the association, showing the full name of the association and the identification number (if any) issued on incorporation, oR

certified copy or certified extract of the constitution or rules of the association showing the full name of the association and the identification number (if any) issued on incorporation.

Unincorporated association – Please tick to indicate that you are providing the following:

certified copy or certified extract of the constitution or rules of the association showing the full name of the association and the identification number (if any) issued on incorporation.

5B. memBeR idenTificATion

Complete this question if individual member details were provided in Question 4, otherwise go to Question 6.

PRIMARY DoCUMENTS


certified copy of a current Australian or foreign passport that shows the member’s photograph, date of birth and signature. For Australian passports only, we will accept a passport that expired within the 2 years prior to submitting this application form, oR

certified copy of a current Australian driver’s licence (must contain the member’s photograph, date of birth and signature), oR

certified copy of a current card issued by an Australian state or territory for the purpose of proving a person’s age (must contain the member’s photograph, date of birth and signature). If the member does not have any of the above documents issued in their name, we will accept two Australian or foreign documentation as noted below:

SECoNDARY DoCUMENTS

If the member does not have any of the primary documents above issued in their name, we will accept certain Australian or foreign documentation. Please tick below to indicate whether you are providing Australian or foreign documentation.







AND

Group 2. An original notice, showing the member’s name and residential address, issued in the preceding �2 months by the Australian Taxation office or any Australian commonwealth, State or Territory Government body oR an original notice (such as an electricity bill or rates notice) showing the member’s name and residential address, issued in the preceding 3 months by a local government body or a utilities provider.


�. National identity card issued by a foreign government, the United Nations (UN) or an agency of the UN (must contain the member’s photograph, date of birth and signature).

AND

2. Foreign driver’s licence (must contain the member’s photograph, date of birth and signature).


1. PARTneRshiP deTAils

Full name of partnership

Registered business name of partnership (if any)

country where partnership established

2. TyPe of PARTneRshiP

Is the partnership regulated by a professional association?


Yes – please complete the following:

Name of association

Membership details

Please provide details for one partner only

Title Surname


/ /



Suburb/Town State

Postcode country

3. unRegulATed PARTneRshiP only

Number of partners

Please provide full name and address of each partner

Partner 1 – Full name



Suburb/Town State

Postcode country




Suburb/Town State

Postcode country




Suburb/Town State

Postcode country

If there are more than 3 partners, please provide full names and residential addresses on a separate page and attach to this application form.





Please continue to Question 4A.

SecTIoN 6 – PARTNeRSHIPComplete this section if you are investing for or on behalf of a partnership.



4A. PARTneRshiP idenTificATion

Please tick to indicate that you are providing one of the following:

certified copy of the partnership agreement showing the full name of the partnership, oR

certified copy of membership details independently sourced from the relevant association.

4B. PARTneR idenTificATion

Regulated partnership – please provide information below for the partner noted in Question 2.

Unregulated partnership – please provide information below for one of the partners noted in Question 3.

PRIMARY DoCUMENTS


certified copy of a current Australian or foreign passport that shows the partner’s photograph, date of birth and signature. For Australian passports only, we will accept a passport that expired within the 2 years prior to submitting this application form, oR

certified copy of a current Australian driver’s licence (must contain the partner’s photograph, date of birth and signature), oR

certified copy of a current card issued by an Australian state or territory for the purpose of proving a person’s age (must contain the partner’s photograph, date of birth and signature). If the partner does not have any of the above documents issued in their name, we will accept two Australian or foreign documentation as noted below:

SECoNDARY DoCUMENTS

If the partner does not have any of the primary documents above issued in their name, we will accept certain Australian or foreign documentation. Please tick below to indicate whether you are providing Australian or foreign documentation.







AND

Group 2. An original notice, showing the partner’s name and residential address, issued in the preceding �2 months by the Australian Taxation office or any Australian commonwealth, State or Territory Government body oR an original notice (such as an electricity bill or rates notice) showing the partner’s name and residential address, issued in the preceding 3 months by a local government body or a utilities provider.


�. National identity card issued by a foreign government, the United Nations (UN) or an agency of the UN (must contain the partner’s photograph, date of birth and signature).

AND

2. Foreign driver’s licence (must contain the partner’s photograph, date of birth and signature).


1. goveRnmenT Body deTAils

Full name of government body

Please tick to indicate whether the government body:

is an entity, oR

was established under legislation

Principal place of operations (not a Po Box)


Postcode country

2. goveRnmenT infoRmATion

Please tick to indicate whether the government body is:

a commonwealth of Australia government body

an Australian state or territory government body – please specify state or territory

Foreign country government body – please specify country





3A. goveRnmenT Body idenTificATion


copy or extract of the legislation establishing the body, obtained from a reliable and independent source, such as a government website, oR

certified copy or certified extract of the relevant Australian commonwealth, state or territory, or foreign country register of government bodies.





SecTIoN 7 – GoVeRNMeNT BoDYComplete this section if you are investing for or on behalf of a government body.



1. RegisTeRed co-oPeRATive deTAils

Full name of registered co-operative

Please tick to indicate:

co-operative is registered with ASIc

co-operative is registered with a foreign registration body

Identification number (if any) issued by relevant registration body

Chairman – Full name Secretary – Full name Treasurer – Full name

2. AddRess deTAils

Please tick to indicate and provide details for one the following (either registered office, principal place of administration or public officer):

Registered office (not a Po Box)


Postcode country

Principal place of operations (not a Po Box)


Postcode country

Public officer (or president, secretary or treasurer if there is no public officer)


Postcode country





3A. RegisTeRed co-oPeRATive idenTificATion


certified copy of information provided by ASIc or the relevant registration body responsible for the registration of the co-operative, oR

certified copy or certified extract of the register maintained by the co-operative.





SecTIoN 8 – ReGISTeReD co-oPeRATIVeComplete this section if you are investing for or on behalf of a registered co-operative.



SecTIoN 9 – AGeNT FoR THe INVeSToRComplete this section if an agent is completing and signing this application form for an investor under power of attorney or as the investor’s legal or nominated representative. If there is more than one agent, please photocopy all of Section 9 and provide details for all agents.

Before completing this section You must complete the section relevant to the type of investor on whose behalf you are acting as agent (see page � of this application form).

1. TyPe of AgenT

Type of agent – Please complete as appropriate

1A. individuAl AgenT

Full name of individual agent

1B. non-individuAl AgenT

Full name of non-individual agent

Full name of the person representing the non-individual agent in relation to this application

If you are an agent for an individual investor (such as a sole trader) – go to Question 3.

If you are an agent for a non-individual investor (such as a company) – go to Question 2.

2. veRifying officeR infoRmATion

A non-individual investor must appoint a verifying officer to liaise with the agent in relation to this application.

2A. AgenT And veRifying officeR ResPonsiBiliTies

It is the agent’s responsibility to notify the investor that the verifying officer has specific obligations under the Anti-Money Laundering and counter-Terrorism Financing Act 2006.

In completing and signing this application form as agent for the investor, you agree to notify the investor that the verifying officer is required to:

�. collect the following in relation to the agent

• full name of the agent • position title or role the agent holds in relation to the investor • a copy of the agent’s signature, and • evidence that the agent is authorised to act for the investor

2. make and retain a record of the above information, and

3. provide AMP capital with the agent’s full name and a copy of their signature, if requested to do so.

You also agree to inform the investor that they must retain the above records.

2B. veRifying officeR deTAils

Please complete the following details in relation to the verifying officer.

Personal details

Title Surname


/ /

occupation Industry







Suburb/Town State

Postcode country





3A. evidence of AgenT’s AuThoRiTy To AcT


written evidence of the agent’s authority to act for the investor

Important: If signing this application form under power of attorney, the agent warrants that, at the time of signing, they had not received notice of revocation of that power of attorney.

3B. non-individuAl AgenT only


written evidence of the authority given by the non-individual agent to the person named in Question �B.


4. All AgenTs

Please tick to indicate the purpose of this application.

Additional investment – go to Section 10.

Initial investment – If you have completed the section relevant to the type of investor on whose behalf you are completing and signing this application form – go to Section 10.

otherwise, please complete the relevant section:

• Individual – Section 1 • Joint investor – Section 1 • Sole trader – Section 1 • company – Section 2 • Trust – Section 3 • Superannuation fund – Section 3 • charity – Section 4 • Association – Section 5 • Partnership – Section 6 • Government body – Section 7 • Registered co-operative – Section 8

3c. veRifying officeR idenTificATion

only complete this question if a verifying officer’s details were provided in Question 2B, otherwise go to Question 4.

PRIMARY DoCUMENTS Please tick to indicate that you are providing both of the following:

written evidence of the verifying officer’s authority to act for the investor

AND

one of the following documents:

• certified copy of a current Australian or foreign passport that shows the verifying officer’s photograph, date of birth and signature. For Australian passports only, we will accept a passport that expired within the 2 years prior to submitting this application form, oR

• certified copy of a current Australian driver’s licence (must contain the verifying officer’s photograph, date of birth and signature), oR

• certified copy of a current card issued by an Australian state or territory for the purpose of proving a person’s age (must contain the verifying officer’s photograph, date of birth and signature). If the trustee does not have any of the above documents issued in their name, we will accept two Australian or foreign documentation as noted below:

SECoNDARY DoCUMENTS

If the verifying officer does not have any of the above documents issued in their name, we will accept certain Australian or foreign documentation. Please tick below to indicate whether you are providing Australian or foreign documentation.



AND

Group 2. An original notice, showing the verifying officer’s name and residential address, issued in the preceding �2 months by the Australian Taxation office or any Australian commonwealth, State or Territory Government body oR an original notice (such as an electricity bill or rates notice) showing the verifying officer’s name and residential address, issued in the preceding 3 months by a local government body or a utilities provider.


�. National identity card issued by a foreign government, the United Nations (UN) or an agency of the UN (must contain the verifying officer’s photograph, date of birth and signature).

AND

2. Foreign driver’s licence (must contain the verifying officer’s photograph, date of birth and signature).


SecTIoN �0 – ALL INVeSToRSAll investors (or their agents if applicable) must complete this section.

Please refer to page � for other sections you need to complete.

Important If an agent is completing and signing this application form for an investor under power of attorney or as the investor’s legal or nominated representative, the agent must also complete Section 9.

1. conTAcT deTAils

Please provide one set of contact details that we can use for all communications with you.


Postcode country Phone Fax

( ) ( )

Mobile email

existing AMP capital investors: If you are changing the contact details previously provided to us, please indicate by ticking the box on the right.

2. invesTmenT deTAils

Please indicate the amount(s) you are investing and the payment method for each investment amount.

Investment by cheque*

Investment by direct deposit

Initial investment (minimum $�0,000,000) $ .

Additional investment (minimum $�00,000) $ .

* cheques should be crossed ‘Not negotiable’ and made payable to AMP capital Investors Limited.

3. wiThdRAwAls And disTRiBuTions

3A. PAymenT of wiThdRAwAls

All withdrawals are paid into a nominated account. Please provide details of the account into which you would like withdrawals to be paid.

Account name BSB Account number

–

Name of financial institution Branch address

Please note that your nominated account must be an Australian bank, building society or credit union account, not a credit card account.

3B. PAymenT of disTRiBuTions

Please indicate how you would like your distributions to be paid. If no selection is made, distributions will be reinvested.

Reinvest in additional units in the Fund.

Pay directly into the account nominated in Question 3A above.

4. declARATion (all investors, or their agents if applicable, must complete)

All investors (or their agents acting under power of attorney or as legal or nominated representative for the investor) must sign this declaration. We cannot process applications without the relevant signatures.

I/We:

• wish to apply for units in the Fund, received the PDS at the same time and by the same means as I/we received this application form, and agree to be bound by the PDS and the terms of the Fund's constitution

• confirm that I/we have read and understood the Listed Property Trusts Fund PDS dated �4 January 2008• agree to information about me/us being collected, used and disclosed in accordance with the privacy statement contained in the PDS• agree to the anti-money laundering and counter-terrorism financing statement contained in the PDS• acknowledge that investments in the Fund are not deposits or liabilities of any company in the AMP Group • acknowledge that the Fund is subject to investment risks, which could include delays in repayment, and loss of income and capital invested and

that no member of the AMP Group guarantees the performance of the Fund or any particular rate of return• declare and agree that any information and documents that will be used for the purposes of this application (whether or not provided on

or with this application) – are complete and correct, and – if they are about another person, have been provided with the consent of that person, and• acknowledge that it is a criminal offence to knowingly provide false or misleading information or documents in connection with this application.


4A. signATuRe(s)

Signatory 1

Title Surname First name

Signing as (please tick):

Individual Sole trader Trustee Director

Joint investor Partner Sole director Agent for the investor

Representative of association/co-operative/government body – please specify position (eg chairman)

Signature Date

/ /

Signatory 2

Title Surname First name

Signing as (please tick):

Joint investor Trustee company secretary

Partner Director Agent for the investor

Signature Date

/ /

4B. APPlicATion foRm checklisT

Incomplete information can delay the processing of your application. Please use the checklist below to confirm that you have provided the required information and documents.

completed the appropriate section (see ‘Type of investor’ on page �)

completed Section �0 and signed the declaration

If you are an agent for an investor, you have completed: • the section relevant to the type of investor on whose behalf you are acting, and• Section 9, and• Section �0.

enclosed required documents as outlined in ‘Identification documentation’ at the end of each section.

PAying By cheque

Send your completed application form and cheque to:

client Services AMP capital Investors Limited GPo Box 5445 SYDNeY NSW 200�

Please make cheque payable to AMP capital Investors Limited.

PAying By diRecT dePosiT

�. Deposit your investment amount at any branch of the Westpac Bank, to:

Account name: AMP capital Investors Wholesale Applications Account Account number: ��2 655 Branch: Royal exchange, corner Pitt and Bridge Streets, Sydney BSB: 032-004

2. Send your completed application form and deposit receipt to us:

• by fax on 1800 630 066, or • by mail to Client Services

AMP Capital Investors Limited GPo Box 5445 SYDNEY NSW 2001


IDeNTIFIcATIoN DocUMeNTATIoNTo comply with our obligations under anti-money laundering and counter-terrorism financing legislation, we must collect certain information about each investor. In some cases, this information must be supported by a ‘certified copy’ or ‘certified extract’ of an identification document.

A certified copy is a document that has been certified as a true and correct copy of an original document. A certified extract is an extract that has been certified as a true copy of the relevant information contained in the original document.

We can only accept the certified copy itself; we cannot accept faxed or scanned versions of certified copies.

foR documenTATion ceRTified in AusTRAliA

copies can be certified by one of the following:

• an officer with, or authorised representative of a holder of an Australian financial services licence (AFSL), having two or more continuous years of service with one or more licensees

• an officer with two or more continuous years of service with one or more finance companies or financial institutions

• a permanent employee of Australia Post with two or more years of continuous service who is employed in an office supplying postal services to the public

• an agent of Australia Post who is in charge of an office supplying postal services to the public

• a Justice of the Peace

• a person who is enrolled on the roll of the Supreme court of an Australian state or territory, or the High court of Australia, as a legal practitioner (however described)

• a judge of a court

• a magistrate

• a chief executive officer of a commonwealth court

• a registrar or deputy registrar of a court

• an Australian police officer

• an Australian consular or diplomatic officer

• a member of the Institute of chartered Accountants in Australia, cPA Australia or the National Institute of Accountants with two or more years of continuous membership

• a notary public.

foR documenTATion ceRTified in A foReign counTRy

copies can be certified by either of the following:

• an Australian consular officer, or

• a notary public.

infoRmATion To Be PRovided on ceRTified coPies

ceRTifieR’s deTAils

The person signing the copy of any document must include the following details on each certified copy:

• the date of certifying

• their full name in block capital letters

• address

• telephone number

• the capacity (as noted above) in which they are signing, and

• an official stamp/seal of the certifier’s organisation, if applicable.

ceRTifieR’s declARATion

certifiers must include the following declarations, as appropriate, on each certified copy:

• For all copies: ‘I certify that I have seen the original documentation and this copy is a complete and accurate copy of that original’.

• For photographic documents: ‘I certify that I have seen the original documentation and that the photograph is a true likeness and this copy is a complete and accurate copy of that original.’

AMP Capital Investors Limited

ABN 59 001 777 591

www.ampcapital.com.au

Contacting AMP Capital Investors

For information about investing with AMP Capital Investors,

please contact us.

Sydney office


50 Bridge Street

SYDNEY NSW 2000

Mailing address


GPO Box 5445

SYDNEY NSW 2001

Telephone

Client Services

1800 658 404

8.30am – 5.30pm Sydney time, Monday to Friday

Fax

1800 630 066

Email

[email protected]

Website

www.ampcapital.com.au