Perpetual Limited — Director's Dealing 2004

Mar 8, 2004

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	4 March 2004

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 and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Direct Investment in Perpetual's Term Deposit Fund Fixed Term (PTDF), Perpetual's Wholesale Australian Fund (PWAF) and Perpetual's Wholesale Industrial Fund (PWIF).
	Indirect Investment in Perpetual's Term Deposit Fund Fixed Term (PTDF) by Business Benefits International Pty Limited. B Boezeman is a director of Business Benefits International Pty Limited.
Date of change	9 March 2004
No. of securities held prior to change	Direct PWAF 143,448.542 PWIF 73,604.343 \$50,674.53 PTDF (deposit) Indirect PTDF (deposit) \$9,939.90
Class	Units in Perpetual's Wholesale Australian Fund and Perpetual's Wholesale Industrial Deposit in Perpetual's Term Deposit Fund. Fund Fixed Term

Number acquired	Direct
	PWAF	2,003.31
	PWIF	1,238.37
	Indirect
	PTDF (deposit)	\$15,593.48
Number disposed	Direct
	PTDF	\$9,038.08
Value/Consideration	Direct
Note: If consideration is non-cash, provide details and	PWAF	\$16,080.02
estimated valuation	PWIF	\$7,823.91
	PTDF	\$9,038.08 (sale)
	Indirect
	PTDF	\$15,593.48
No. of securities held after change	Direct
	PWAF	145,451.85
	PWIF	74.842.71
	PTDF (deposit)	\$41,636.45
	Indirect
	PTDF	\$25,533.38
Nature of change		Reinvestment of interest received from Funds
Example: on-market trade, off-market trade, exercise of		and deposits, plus deposits. Withdrawal of
options, issue of securities under dividend reinvestment plan, participation in buy-back	part of deposit.

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