Perpetual Limited — Director's Dealing 2008

Nov 2, 2008

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 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	Philip Twyman
Date of last notice	22 September 2008

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	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	Purchase of ordinary fully paid shares byFirst Dunedin Superannuation Fund of whichPhilip Twyman is a member
Date of change	30 October 2008
No. of securities held prior to change	Direct1,000 shares held by Philip TwymanIndirect4,655 shares held by Queensland TrusteesPty Limited as trustee for Perpetual's NonExecutive Share Purchase Plan.500 shares held by Carolyn Twyman, spouseof Philip Twyman
Class	Ordinary
Number acquired	1000 Ordinary fully paid shares
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$33,773.11 (300 Ordinary fully paid shares at$32.28 per share and 700 Ordinary fully paidshares at $34.36 per share)

No. of securities held after change	Direct1,000 shares held by Philip TwymanIndirect4,655 shares held by Queensland TrusteesPty Limited as trustee for Perpetual's Non
	Executive Share Purchase Plan.500 shares held by Carolyn Twyman, spouseof Philip Twyman1,000sharesheldbyFirstDunedinSuperannuation Fund
Nature of changeExample: on-market trade, off-market trade, exercise of options,issueofsecuritiesunderdividendreinvestmentplan,participation in buy-back	On-market trade

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 whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation
Interest after change