Perpetual Limited — Fund Information / Factsheet 2003

Jul 9, 2003

ANNOUNCEMENT - PERPETUAL INVESTMENTS FUNDS UNDER MANAGEMENT

Perpetual Investments advises that its funds under management (FUM) as at 30 June 2003 were $17.4 billion. This compares with the figure at 31 May 2003 of $17.2 billion.

Going forward, in line with industry practice, Perpetual Investments will provide quarterly rather than monthly FUM notifications to the ASX.

This change is based on our view that quarterly FUM movements are the more appropriate basis for assessing the group's performance. Consistent with our ongoing continuous disclosure obligations, however, any material FUM movements will be disclosed as required.

FUM figures will continue to be posted on a monthly basis on the Perpetual Investments website. This site can be accessed at: www.perpetualinvestments.com.au

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For further information, please contact:

Gerard Doherty Group Executive Perpetual Investments Ph: (02) 9229 9898

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Emilio Gonzalez Chief Investment Officer Perpetual Investments Ph: (02) 9229 9782