NTA: WIN: AMP Investments' World Index Fund (WIN)

16 Feb 2010 4:28 pm

WIN 16/02/2010 NTA

REL: 1628 HRS AMP Investments' World Index Fund (NS)

NTA: WIN: AMP Investments' World Index Fund (WIN)

AMP Investments' World Index Fund (WIN)

WIN's manager, AMP Investment Management (N.Z.) Limited, arranges for the release of a calculation of the net asset value of units in WIN to NZX at 4pm on each trading day (published NAV). The published NAV is quoted on a "real time" basis (and calculated using an automated process), and the Index used for WIN is quoted on a "2 Business Days" delay basis.

The manager has recently become aware of a discrepancy in the published NAV calculations, arising from the failure to accrue fair dividend rate (FDR) tax liability on WIN's portfolio securities from 1 January 2009. This discrepancy which was identified during the course of a large unit redemption, has been traced to an oversight in the implementation of an accounting change in December 2008.

This discrepancy has been rectified in the published NAV released to the market today.

The manager has reviewed the effect of the NAV discrepancy and is satisfied that it has not had a material effect on the trading price of WIN units.

Investors should note that, as has been previously announced to the market, the published NAV is not the unit price used in determining the issue and redemption prices for WIN units. It is not suitable for investors to use the published NAV as a proxy for the price of a unit in WIN.

The unit price used for issues and redemptions of WIN units has not been affected by this discrepancy.

The manager has taken steps to alter its systems and practices with a view to ensure that an issue such as this does not recur in the future.

ENDS End CA:00191245 For:WIN Type:NTA Time:2010-02-16:16:28:19

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