Ann: 1H 24 Investor Presentation, page-50

Dont go to hard on the PT MORNINGSTAR

Morningstar says AMP's turnaround strategy is bearing fruit, raises fair value estimate

** Analysts at Morningstar raise fair value estimate on Australian money manager AMP to A$1.25 from A$1.20, reflecting stronger flows in company's, both, platforms and trusts businesses

** Brokerage says AMP's first-half results surpassed expectations reflecting better-than-expected flows, improvement in advice business productivity and variable cost savings

** Shares have risen lately and are currently fairly valued - Morningstar

** Brokerage says signs of earnings recovery are now clearer and feels AMP can reach a maintainable earnings base of around A$287 mln ($189.08 mln) per year from 2024 to 2028

** Strong recovery in product flows and increased inflows from non-AMP advisors, despite cost-control measures, were impressive - brokerage

** Stock up 37.6% this year, as of last close