Perpetual Limited — Director's Dealing 2003

Mar 12, 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
IABN	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	Warwick Kent
Date of last notice	12 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

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.	Investment in Perpetual's Wholesale MonthlyIncome Fund by Springfield SuperannuationFund. Warwick Kent and his wife are thesole members
Date of change	03 March 2003
No. of securities held prior to change	Nil
Class	Units
Number acquired	249,924.53 units in Perpetual's WholesaleMonthly Income Fund
Number disposed	Nil

+ See chapter 19 for defined terms.

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$$255,000.00$ - Perpetual'sWholesaleMonthly Income Fund
No. of securities held after change	Indirect249,924.53 units - Perpetual's WholesaleMonthly Income Fund(SpringfieldSuperannuation 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	Not applicable
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 andan estimated valuation
Interest after change

JAOPS\EXECSEC\DATA\DR\DOC\Kent Appendix 3Y Disclosure 11 March 2003.doc

+ See chapter 19 for defined terms.