Perpetual Limited — Director's Dealing 2008

Feb 19, 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	David Deverall
Date of last notice	18 September 2007

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 relevant interest.	Indirect Shares held by Queensland Trustees Pty Limited as trustee for Perpetual’s Executive Share Plan and Tax Deferred Share Plan Units purchased by Barmint Pty Limited as trustee of the Deverall Family Trust (David Deverall is director of Barmint Pty Limited) Direct Options held in Perpetual’s Executive Option Plan Shares held by David Deverall
Date of change	20 February 2008

D08/892

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	Indirect 29,540 ordinary shares held by Queensland Trustees Pty Limited as trustee for Perpetual’s Executive Share Plan and Tax Deferred Share Plan 188,171.507 units in Perpetual’s Wholesale Split Growth Fund purchased by Barmint Pty Limited as trustee of the Deverall Family Trust (David Deverall is director of Barmint Pty Limited) Direct 100,410 options held in Perpetual’s Executive Option Plan 28,594 shares held by David Deverall
Class	Ordinary shares Options
Number acquired	37,893 ordinary shares to be issued under Perpetual’s Executive Share Plan as a long term incentive subject to performance hurdles. 201,938 options to be issued under Perpetual’s Executive Option Plan as long term incentive subject to performance hurdles. The exercise price of the options will be $79.17 each. This grant of shares and options was approved by Perpetual’s shareholders at the Annual General Meeting on 30 October 2007.
Number disposed	Nil
Consideration	37,893 ordinary shares @ $79.17 each 201,938 options @ $79.17 each

D08/892

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

Indirect 67,433 ordinary shares held by Queensland Trustees Pty Limited as trustee for Perpetual’s Executive Share Plan and Tax Deferred Share Plan 188,171.507 units in Perpetual’s Wholesale Split Growth Fund purchased by Barmint Pty Limited as trustee of the Deverall Family Trust (David Deverall is director of Barmint Pty Limited) Direct 302,348 options held in Perpetual’s Executive Option Plan 28,594 shares held by David Deverall

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Grant of shares and options in accordance with approval by shareholders at Perpetual’s Annual General Meeting on 30 October 2007.

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

D08/892

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

D08/892