Perpetual Limited — Director's Dealing 2003

Sep 7, 2003

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	Bonita Louise Boezeman
Date of last notice	11 June 2003

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

Direct or indirect interest	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	Purchase by Queensland Trustees Pty Ltd astrustee for Perpetual's Non Executive SharePurchase Plan.
Date of change	01 September 2003
No. of securities held prior to change	2,468
Class	Ordinary
Number acquired	22
Number disposed
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	$821
No. of securities held after change	2,490
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestment plan,participation in buy-back	On-market trade

+ See chapter 19 for defined terms.

Direct or indirect interest	Direct and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	DirectInvestment in Perpetual's Term Deposit FundFixed Term (PTDF), Perpetual's WholesaleAustralian Fund (PWAF) and Perpetual'sWholesale Industrial Fund (PWIF).
	IndirectInvestment in Perpetual's Term Deposit FundFixed Term (PTDF) by Business BenefitsInternational Pty Limited. B Boezeman is adirector of Business Benefits InternationalPty Limited.
Date of change
No. of securities held prior to change	Nil
Class	Units in Perpetual's Wholesale AustralianFund and Perpetual's Wholesale IndustrialFund. Deposit in Perpetual's Term DepositFund Fixed Term
Number acquired	DirectPWAF143,448.542PWIF.73,604.343PTDF (deposit)$50,674.53IndirectPTDF (deposit)$9,939.90
Number disposed
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	Direct$193,225.19PWAF$109,155.24PWIFPTDF$50,674.53Indirect
No. of securities held after change	PTDF$9,939.90DirectPWAF143,448.542PWIF73,604.343PTDF (deposit)$50,674.53
	IndirectPTDF$9,939.90

\SYDNOV1\VOL1\DATA\OPS\EXECSEC\DATA\DR\DOC\Boezeman_Appendix_3Y_Disclosure_September $2003$ .doc

Nature of change	Purchase of units and deposits in Fund.
Example: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestment plan,participation in buy-back

Part 2 - Change of director's interests in contracts

Detail of contract	Not Applicable
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to which
interest related prior to changeNote: Details are only required for a contractin relation to which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, providedetails and an estimated valuation
Interest after change

+ See chapter 19 for defined terms.