Perpetual Limited — Director's Dealing 2008

Oct 13, 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	Robert Murray Savage
Date of last notice	28 May 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 trustDirect or indirect interest	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	Units in held Perpetual's managed funds bythe Savage Superannuation Fund and theSavage Education Fund.
Date of change	1 and 6 October 2008

No. of securities held prior to change	230,879.50 units in Perpetual's WholesaleSmaller Companies Fund held by the SavageSuperannuation Fund.7,730.36unitsinPerpetual'sWholesaleGeared Australian Fund held by the SavageEducation Funds.162,503.86 units in Perpetual's WholesaleIndustrialFundheldbytheSavageSuperannuation Fund.Robert Savage is amember of the Fund.135,846.15 units in Perpetual's WholesaleGearedFundheldbytheSavageSuperannuation Fund.Robert Savage is amember of the Fund.
	58,744.09 units in Perpetual's WholesaleInternational Share Fund held by the SavageSuperannuation Fund.Robert Savage is amember of the Fund.
	146,723.15 units in Perpetual's WholesaleAustralianFundheldbytheSavageSuperannuation Fund.Robert Savage is amember of the Fund.
Class	Units
Number acquired	246,684.39 units in Perpetual's WholesaleSmaller Companies Fund @ $1.081 per unit
	151,831.45 units in Perpetual's WholesaleGeared Fund @ $2.354 per unit
	58,452.07 units in Perpetual's WholesaleInternational Share Fund @ $1.207 per unit
Number disposed	230,879.50 units in Perpetual's WholesaleSmaller Companies Fund @ $1.155 per unit
	162,503.86 units in Perpetual's WholesaleIndustrial Fund @ $1.482 per unit
	135,846.15 units in Perpetual's WholesaleGeared Fund @ $2.631 per unit
	58,744.09 units in Perpetual's WholesaleInternational Share Fund @ $1.201 per unit

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Value of units purchased $694,628.70Value of units sold $1,206,163.64
No. of securities held after change	246,684.39 units in Perpetual's WholesaleSmaller Companies Fund held by the SavageSuperannuation Fund.Robert Savage is amember of the Fund.
	151,831.45 units in Perpetual's WholesaleGearedFundheldbytheSavageSuperannuation Fund.Robert Savage is amember of the Fund.
	58,452.07 units in Perpetual's WholesaleInternational Share Fund held by the SavageSuperannuation Fund.Robert Savage is amember of the Fund.
	7,730.36unitsinPerpetual'sWholesaleGeared Australian Fund held by the SavageEducation Funds.
Nature of changeExample: on-market trade, off-market trade, exercise of options,issueofsecuritiesunderdividendreinvestmentplan,participation in buy-back	Purchase and sale of units in managedinvestment schemes

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