Perpetual Limited — Fund Information / Factsheet 2004

Dec 7, 2004

ANNOUNCEMENT - PERPETUAL INVESTMENTS FUNDS UNDER MANAGEMENT

Perpetual Investments advises that its funds under management as at 30 November 2004 were $25.2 billion. Funds under management as at $31/10/2004$ were $23.7 billion. The November funds under management figure reflects Perpetual Investments being awarded a mandate to manage $383m in its Quantitative Investments Australian Equity product.

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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