Perpetual Limited — Director's Dealing 2002

Dec 23, 2002

$24 - 12 - 2002$13:42	FROM-PERPETUAL TRUSTEES	+61292218639I III III III IIIPPT000979	$T-173$Perpetual $\rho$	P.001/003$F - 562$
Date:	24 December 2002			Perpetual TrusteesAustralia LimitedABN 86 000 431 827
To:	Australian Stock ExchangeCompany Announcements OfficeFax: 1300 300 021			39 Hunter Street SydneyGPO Box 4172Sydney NSW 2001Australia
From:	Gai McGrathGeneral Counsel & Company Secretary		DX 365 SydneyTelephone 02 9229 9000Facsimile 02 9221 8639
Subject:	Notice			BY FAX
Pages:	3(including this cover page)

The information in this facsimile is intended for the recipient(s) only. It may contain privileged and confidential information and if you are not an intended recipient, you must not copy, distribute or take any action in reliance on it. If you have received this facsimile in error, please notify us immediately by collect telephone call on the number provided above and return the facsimile to the sender by mail. We will reimburse you for the postage.

Following is a notice from Perpetual Trustees Australia Limited.

Regards

Gai McGrath General Counsel & Company Secretary Direct Phone 02 9229 9965 E-mail gmcgrath@perpetual.com.au

Appendix 3Y Change of Director's Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

	Name of entity Perpetual Trustees Australia Limited
ABN	86 000 431 827

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Linda Nicholls
Date of last notice	04 December 2002

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Perpetual's WholesaleInvestment inIndustrial Fund and Perpetual's WholesaleMonthly Income Fund by Pollard StrategyAssociates Pty Ltd as trustee of PSASuperannuation Fund. Linda Nicholls is amember of the PSA Superannuation Fund.
Date of change	18 December 2002
No. of securities held prior to change	Nil
Class	Units in Perpetual's Wholesale IndustrialFund and Perpetual's Wholesale MonthlyIncome Fund
Number acquired	21,119.421 units - Perpetual's WholesaleIndustrial Fund22,840.265 units - Perpetual's WholesaleMonthly Income Eund
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$28,468.98WholesalePerpetual'sIndustrial Fund$23,297.07 – Perpetual's Wholesale MonthlyIncome Fund

+ See chapter 19 for defined terms.

Appendix 3Y Change of Director's Interest Notice

No. of securities held after change	21,119.421 units - Perpetual's WholesaleIndustrial Fund22,840.265 units - Perpetual's WholesaleMonthly Income Fund
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back-	Subscription for units

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract
Nature of interest
Name of registered holder(if issued securities)
Date of change
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation
Interest after change

:: ODMA\trim\020189-98-0000JUAV

• See chapter 19 for defined terms.