Perpetual Limited — Director's Dealing 2008

Jul 2, 2008

Appendix 3Y Change of Director’s Interest Notice

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	27 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 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	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Units in Perpetual Wholesale Industrial Share Fund, Perpetual Wholesale Balanced Growth Fund, Perpetual Wholesale International Fund and Perpetual’s Split Growth Fund held by spouse of Philip Twyman, through a Colonial First State Super account Units in Perpetual Wholesale Balanced Growth Fund, Perpetual’s Exact Market Cash Fund and Perpetual Wholesale Split Growth Fund held by First Dunedin Superannuation Fund of which P J Twyman and C J Twyman are the only members Units in Perpetual Wholesale Balanced Growth Fund and Perpetual Wholesale Split Growth Fund held by Philip Twyman, through a Colonial First State Super account Participation in Perpetual’s Separately Managed Account (SMA) Product held by First Dunedin Superannuation Fund of which P J Twyman and C J Twyman are the only members
Date of change	2 July 2008

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	Held by C R Twyman, spouse of Philip Twyman, through a Colonial First State Super account 348,494.05 units in Perpetual Wholesale Balanced Growth Fund 78,940.92 units in Perpetual Wholesale Industrial Share Fund 103,588.83 units in Perpetual’s Wholesale International Fund 171,736.33 units in Perpetual Split Growth Fund Held by First Dunedin Superannuation Fund of which P J Twyman and C J Twyman are the only members 620,045.89 units in Perpetual Wholesale Balanced Growth Fund 1,528,032.01 units in Perpetual’s Exact Market Cash Fund 324,412 units in Perpetual Wholesale Split Growth Fund $250,000 participation in Perpetual’s Separately Managed Account Product Held by Philip Twyman, through a Colonial First State Super account 19,896.97 units in Perpetual Wholesale Balanced Growth Fund 12,877.76 units in Perpetual Wholesale Split Growth Fund
Class	Units
Number acquired	Held by First Dunedin Superannuation Fund of which P J Twyman and C J Twyman are the only members $50,000 participation in Perpetual’s Separately Managed Account Product 69,396.25 units in Perpetual Wholesale Balanced Growth Fund

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Appendix 3Y Change of Director’s Interest Notice

Number sold	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$50,000 participation in Perpetual’s Separately Managed Account Product 69,396.25 units in Perpetual Wholesale Balanced Growth Fund at $1.44 per unit.
No. of securities held after change	Held by C R Twyman, spouse of Philip Twyman, through a Colonial First State Super account 348,494.05 units in Perpetual Wholesale Balanced Growth Fund 78,940.92 units in Perpetual Wholesale Industrial Share Fund 103,588.83 units in Perpetual’s Wholesale International Fund 171,736.33 units in Perpetual Split Growth Fund Held by First Dunedin Superannuation Fund of which P J Twyman and C J Twyman are the only members 689,442.14 units in Perpetual Wholesale Balanced Growth Fund 1,528,032.01 units in Perpetual’s Exact Market Cash Fund 324,412 units in Perpetual Wholesale Split Growth Fund $300,000 participation in Perpetual’s Separately Managed Account Product Held by Philip Twyman, through a Colonial First State Super account 19,896.97 units in Perpetual Wholesale Balanced Growth Fund 12,877.76 units in Perpetual Wholesale Split Growth Fund
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestmentplan, participation in buy-back	Portfolio investment

D08/3770

Appendix 3Y Change of Director’s Interest Notice

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 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

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