Perpetual Limited — Director's Dealing 2025

Nov 20, 2025

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 30/09/01 Amended 01/01/11

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.

director for the purposes of section 205G	of the Corporations Act.
Name of Director	Bernard Reilly
Date of last notice	6 May 2025

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.

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----- Start of picture text ----- Direct or indirect interest Direct InterestNature of indirect interest BKTN Superannuation Fund(including registered holder)Note: Provide details of the circumstances giving The Director is a member of the BKTNrise to the relevant interest. Superannuation FundDate of change 19 November 2025No. of securities held prior to Directchange  50,556 Performance RightsIndirect 5,180 ordinary shares in Perpetual Limited held byBKTN Superannuation FundClass Share Rights and Performance Rights----- End of picture text -----

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	Direct18,271 Share Rights with a vesting date of 1September 2027 and convert into restricted sharesuntil 1 September 202927,894 Performance Rights with a vesting date of 1September 2028 and convert into restricted sharesuntil 1 September 2029.27,894 Performance Rights with a vesting date of 1September 2029 and convert into Ordinary shares.
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, providedetails and estimated valuation	Nil – Share Rights and Performance Rights allocatedpursuant to the terms of the grant approved by PerpetualLimited shareholders at the Annual General Meeting on 23October 2025.
No. of securities held after change	Direct18,271 Share Rights held by Mr Bernard Reilly106,344 Performance Rights held by Mr BernardReilly.Indirect5,180 ordinary shares in Perpetual Limited held byBKTN Superannuation Fund
Nature of changeExample: on-market trade, off-market trade,exercise of options, issue of securities underdividend reinvestment plan, participation in buy-back	Grant of Share Rights to the CEO and Managing Directorunder the Perpetual’s KMP variable incentive plan:18,271 share rights will vest on 1 September 2027and convert into restricted shares for an additionaltwo-year period.27,894 performance rights will vest on 1 September2028 subject to a three-year Compound AnnualGrowth Rate (CAGR) absolute Total ShareholderReturn (TSR) hurdle and convert into restrictedshares for an additional 12 months.27,894 performance rights will vest on 1 September2029 subject to a four-year CAGR absolute TSRhurdle and convert into unrestricted shares.Details of the grant can be found in Perpetual’s 2025Remuneration Report. The grant was approved byshareholders at the 2025 Perpetual Limited Annual GeneralMeeting.

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.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

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----- Start of picture text ----- Detail of contract Not applicable.Nature of interestName of registered holder(if issued securities)Date of changeNo. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuationInterest after change----- End of picture text -----

Part 3 –[+] Closed period

art 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	Not applicable
If so, was prior written clearance provided to allow thetrade to proceed during this period?	Not applicable
If prior written clearance was provided, on what date wasthis provided?	Not applicable

• See chapter 19 for defined terms.

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Appendix 3Y Page 3