Perpetual Limited — Director's Dealing 2003

Mar 9, 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	01 November 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

Direct or indirect interest	Direct
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest
Date of change	5 March 2003
No. of securities held prior to change	203,092 ordinary shares336,977 options – Executive Option Plan
Class	Ordinary
Number acquired	9,500 shares acquired on the exercise ofoptions
Number disposed	30,000 ordinary shares
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	$206,815.00 for shares acquired on exerciseof options$844,238.36 for shares sold on market
No. of securities held after change	182,592 ordinary shares327,477 options – Executive Option Plan

+ See chapter 19 for defined terms.

Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestment plan,participation in buy-back	Exercise of 9,500 options granted 23/09/1999at an exercise price of $21.77 each heldunder Perpetual's Executive Option Plan.
	Sale of 30,000 shares on market to fundexercise of options and to repay borrowingsassociated with earlier exercise of options.

Direct or indirect interest	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	Investment in Perpetual's Wholesale SmallerCompanies fund by Daphino Pty Limited astrustee of the Bradley superannuation fund.Graham Bradley is a member of the Bradleysuperannuation fund.
Date of change	6 June 2002
No. of securities held prior to change	Nil
Class	WholesaleSmallerUnits in Perpetual'sCompanies fund
Number acquired	48,498.69 units
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	Value - $76,336.94
No. of securities held after change	48,498.69 units
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestment plan,participation in buy-back	Purchase of units

Part 2 - Change of director's interests in contracts

Detail of contract	Not Applicable
Nature of interest
Name of registered holder(if issued securities)

$\div$ See chapter 19 for defined terms.

Date of change
No. and class of securities to whichinterest 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.