Perpetual Limited — Fund Information / Factsheet 2004

Jan 7, 2004

ANNOUNCEMENT - PERPETUAL INVESTMENTS FUNDS UNDER MANAGEMENT

Perpetual Investments advises that its funds under management as at 31 December 2003 were $19.4 billion. Funds under management as at 30 September 2003 were $18.6 billion.

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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