Perpetual Limited — Director's Dealing 2006

Nov 13, 2006

Appendix 3Y

Rule 3.19A.2

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 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	Ivan Holyman
Date of last notice	13 November 2006

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	Direct/Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	IndirectShares held by Queensland Trustees PtyLimited as trustee for Perpetual's ExecutiveShare Plan. Ivan Holyman has a beneficialinterest in the shares.Units purchased by Warana Holdings PtyLimited as trustee for WaranaSuperannuation Fund. Ivan Holyman ownsall the shares in Warana Holdings PtyLimited.
Date of change	10 November 2006

No. of securities held prior to change	Indirect
	8,025 ordinary shares held by QueenslandLimitedP tyasforTrusteestrusteePerpetual's Executive Share Plan139,348unitsPooledinPerpetual'sSuperannuation TrustBalancedGrowthInvestment Option held by Warana HoldingsPty Limitedas trusteeforWaranaSuperannuation Fund.
Class	units
Number acquired	131,379.48 units in Perpetual's PooledSuperannuation Trust International ShareInvestment Option held by Warana HoldingsLimitedPtyastrusteeforWaranaSuperannuation Fund.
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$260,000.00

No. of securities held after change	Indirect
	8,025 ordinary shares held by QueenslandTrustees Pty Limited as trusteeforPerpetual's Executive Share Plan139,348 units in Perpetual's PooledSuperannuation Trust BalancedGrowthInvestment Option held by Warana HoldingsPty Limited as trustee for WaranaSuperannuation Fund.131,379.48 units in Perpetual's PooledSuperannuation Trust International ShareInvestment Option held by Warana Holdings
	Pty Limited as trustee for WaranaSuperannuation Fund.
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Purchase of units in Perpetual's PooledSuperannuation Trust International ShareInvestment Option

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
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