Perpetual Limited — Director's Dealing 2003

Sep 4, 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	- Graham Bradley
Date of last notice	09 April 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	Direct
Nature of indirect interest(including registered holder) Note: Provide details of thecircumstances giving rise to the relevant interest.
Date of change	05 September 2003
No. of securities held prior to change	182,592 ordinary shares217,477 options – Executive Option Plan
Class	Executive options
Number acquired
Number disposed	$17,477$ options granted $15/10/1999$ , issue priceof $21.84
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	$$270,365$ (net of costs)
No. of securities held after change	182,592 ordinary shares200,000 options- Executive Option Plan

+ See chapter 19 for defined terms. C:\TEMP\H.Notes.Data~1074501.doc

Nature of changeExample: on-market trade, off-market trade, exercise of earlier options salesoptions, issue of securities under dividend reinvestment plan,participation in buy-back	Sale of options to pay tax associated with
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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 change
Note: Details are only required for a contractin relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, providedetails and an estimated valuation
Interest after change

$\div$ See chapter 19 for defined terms.