Perpetual Limited — Director's Dealing 2003

Mar 26, 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 Bradlev
Date of last notice	10 March 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 the circumstances giving rise to the relevant interest.
Date of change	25 March 2003
No. of securities held prior to change	182,592 ordinary shares 327,477 options – Executive Option Plan
Class	Executive options
Number acquired
Number disposed	27,477 options granted 23/09/1999, issue price of \$21.77 $22,523$ options granted $15/10/1999$ , issue price of \$21.84
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$289,297 (net of costs)
No. of securities held after change	182,592 ordinary shares 277,477 options- Executive Option Plan

⁺ See chapter 19 for defined terms.

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Sale of options to pay tax associated with earlier exercises of options and fund investment in Perpetual's Managed Funds outlined below
Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	21 March 2003
No. of securities held prior to change	48,498.69 units - Perpetual's Wholesale Smaller Companies Fund (Daphino Pty Ltd as trustee for the Bradley superannuation fund)
Class	Perpetual's Wholesale Geared Australian Fund. Perpetual's Wholesale Share-Plus Fund
Number acquired	97,656.25 units - Perpetual's Wholesale Geared Australian Fund 98,135.43 units - Perpetual's Wholesale Share-Plus Fund
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation.	\$100,000 - Perpetual's Wholesale Geared Australian Fund \$100,000 - Perpetual's Wholesale Share-Plus Fund
No. of securities held after change	48,498.69 units - Perpetual's Wholesale Smaller Companies Fund (Daphino Pty Ltd) 97,656.25 units - Perpetual's Wholesale Geared Australian Fund 98,135.43 units - Perpetual's Wholesale Share-Plus Fund
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Purchase of units

⁺ See chapter 19 for defined terms.

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 contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

⁺ See chapter 19 for defined terms.