Perpetual Limited — Board/Management Information 2004

Oct 24, 2004

Perpetual

MEDIA RELEASE

Perpetual appoints Group Executive-Human Resources

Perpetual Trustees Australia Limited today announced it has appointed Mr Steve Rowe as Group Executive - Human Resources.

Mr Rowe joins Perpetual from Challenger Financial Services Group where he held the role of Executive General Manager of Human Resources for the past two years. Prior to joining Challenger, Mr Rowe lived in the UK where he previously worked for Honeywell, UBS and Sony among other companies as well as running his own consulting business.

Steve holds a BA in Psychology and Philosophy and will be joining the Perpetual team in mid-January.

$-000-$

For further information, please contact:

Mr David Deverall Managing Director Perpetual Trustees Australia Limited Ph: (02) 9229 9087

OCTOBER 2004