Perpetual Limited — Major Shareholding Notification 2004

Aug 19, 2004

Form 604

Corporations Law Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	WATTYL LIMITED
ACN/ARSN	008 412 173
Details of substantial holder (1) 1.
Name	PERPETUAL TRUSTEES AUSTRALIA LIMITED.
ACN (if applicable)	000 431 827
There was a change in the interests of the Substantial holder on	19 / 08 / 2004
The previous notice was given to the company on	$-04$ / 08 / 2004
The previous notice was dated	03 / 08 / 2004

$2.$ Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary	5,307,315	6.53%	6,952,795	8.31%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
	Refer annexure 3

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest $(6)$	Class and number of securities	Person's votes
	Refer annexure 1 & 2

5. Changes in association

The persons who have become associates $(2)$ of, ceased to be associates of, or have changed the nature of their association $(9)$ with, the substantial holder in relation to voting interests in the company or scheme are

Name and ACN (if applicable)	Nature of association
Refer to Annexure 1

6. Addresses

r,

The addresses of persons named in this form are as follows:

Name	Address
Refer to Annexure 1

Signature

Print name JOANNE HAWKINS

Capacity COMPANY SECRETARY

Perpetual Investments Account Codes & Details

INTERNAL CODE	ACCOUNT DETAILS	REGISTRATION DETAILS
PIHEST	RBC Global Services Australia Nominees Pty Limited ACF: HEST Australia Limited Account Code: PIHEST GPO Box 5424 Sydney NSW 2001	JP Morgan Chase Nominees Locked Bag 7, Royal Exchange Sydney NSW 2000
PMISF1	RBC Global Services Australia Nominees Pty Limited ACF: Perpetual's Industrial Share Fund Account Code: PIISF1 GPO Box 5424 Sydney NSW 2001	RBC Global Services Australia Nominees Pty Limited GPO Box 5424 Sydney NSW 2001
PMISF2	RBC Global Services Australia Nominees Pty Limited ACF: Perpetual's Industrial Share Fund Account Code: PIISF2 GPO Box 5424 Sydney NSW 2000	RBC Global Services Australia Nominees Pty Limited GPO Box 5424 Sydney NSW 2001
PMISFJ	RBC Global Services Australia Nominees Pty Limited ACF: Perpetual's Industrial Share Fund Account Code: PIISFJ GPO Box 5424 Sydney NSW 2000	RBC Global Services Australia Nominees Pty Limited GPO Box 5424 Sydney NSW 2001
NSWTC	Cogent Nominees Pty Ltd ACF NSW Treasury Corporation. Account Code: PINSWT RBC Global Services Australia Nominees Pty Limited GPO Box 5424 Sydney NSW 2001	Cogent Nominees Pty Limited P.O. Box R209, Royal Exchange, Sydney NSW 1225
ARF	JP Morgan Chase Nominees Ltd ACF: Australian Retirement Fund, Account Code: PIARF. RBC Global Services Australia Nominees Pty Limited GPO Box 5424 Sydney NSW 2001	JP Morgan Chase Nominees Locked Bag 7, Royal Exchange Sydney NSW 2000
PIACT	JP Morgan Chase Nominees Ltd ACF: Australian Capital Territory Treasury. Account Code: PIACT RBC Global Services Australia Nominees Pty Limited GPO Box 5424 Sydney NSW 2001	JP Morgan Chase Nominees Locked Bag 7, Royal Exchange Sydney NSW 2000
PIFIJI	National Nominees Limited ACF: Fiji National Provident Fund Account Code: PIFIJI, RBC Global Services Australia Nominees Pty Ltd GPO Box 5424 Sydney NSW 2001	National Australia Custodian Services A/C FNPEAE, 5th Floor South 271 Collins Street Melbourne VIC 3000
SMF	Permanent Trustee Australia Ltd ACF: SMF Funds Management Account Code: PISMF. RBC Global Services Australia Pty Limited GPO Box 5424 Sydney NSW 2001	Permanent Trustee Australia Ltd GPO Box 4270 Sydney NSW 2000
GSF	RBC Global Services Australia Nominees Pty Limited. ACF: Perpetual Australia Share Fund. Account Code: PIGSF GPO Box 5424 Sydney NSW 2001	RBC Global Services Australia Nominees Pty Limited GPO Box 5424 Sydney NSW 2001
PMSCA	RBC Global Services Australia Nominees Pty Limited ATF: Perpetual's Smaller Companies Analyst Fund Account Code: PISCA. GPO Box 5424 Sydney NSW 2001	RBC Global Services Australia Nominees Pty Limited GPO Box 5424 Sydney NSW 2001

PMCBUS	National Australia Custodian Services 5th Floor South, 271 Collins Street Melbourne VIC 3000
PPSF	RBC Global Services Australia Nominees Pty Limited ATF: Perpetual Property Securities Fund Account Code: PIPSF, GPO Box 5424 Sydney NSW 2001	RBC Global Services Australia Nominees Pty Limited GPO Box 5424 Sydney NSW 2001
ICIS	RBC Global Australia Nominees Pty Limited ACF: Perpetual Investor Choice Industrial Asset Group Account Code: PISIND GPO Box 5424 Sydney NSW 2001	RBC Global Services Australia Nominees Pty Limited GPO Box 5424 Sydney NSW 2001
ICAS	RBC Global Services Australia Nominess Pty Limited. ACF: Perpetual Investor Choice Australian Asset Group. Account Code: PIICAS GPO Box 5424 Sydney NSW 2001	RBC Global Services Australia Nominees Pty Limited GPO Box 5424 Sydney NSW 2001
ICSC	RBC Global Services Australia Nominees Pty Limited. ACF: Perpetual Investor Choice Smaller Asset Group Account Code: PISSCF. GPO Box 5424 Sydney NSW 2001	RBC Global Services Australia Nominees Pty Limited GPO Box 5424 Sydney NSW 2001
PMHOST	JP Morgan Chase Nominees Limited ACF: Host - Plus Pty Ltd Accoutn Code: PIHOST. RBC Global Services Australia Nominees Pty Limited, GPO Box 5424 Sydney NSW 2001	JP Morgan Chase Nominees Locked Bag 7, Royal Exchange Sydney NSW 2000
ALL 'PC' CODES	RBC Global Services Australia Nominees Pty Limited GPO Box 5424 Sydney NSW 2001	RBC Global Services Australia Nominees Pty Limited GPO Box 5424 Sydney NSW 2001
ALL 'SS' CODES	RBC Global Services Australia Nominees Pty Limited GPO Box 5424 Sydney NSW 2001	RBC Global Services Australia Nominees Pty Limited GPO Box 5424 Sydney NSW 2001 - 100 - 100 - 100 - 100 - 100 - 100 - 100 - 100 - 100 - 100 - 100 - 100 - 100 - 100 - 100 - 100 - 100 - 100 - 100 - 100 - 100 - 100 - 100 - 100 - 100 - 100 - 100 - 100 - 100 - 100 - 100 - 100 - 100 - 100 - 100 - 100 -
PMONE	National Nominees Limited ACF: OneSteel Superannuation Fund Account Code: PIONE, RBC Global Services Australia Nominees Pty Limited GPO Box 5424 Sydney NSW 2001	National Australia Custodian Services OneSteel Superannuation Fund OSPEAE / 6571-17 5th Floor South 271 Collins Street Melbourne VIC 3000
PCEF	RBC Global Services Australia Nominees Pty Limited, Account Code: PICEF GPO Box 5424 Sydney NSW 2001	RBC Global Services Australia Nominees Pty Limited GPO Box 5424 Sydney NSW 2001
QITE2	RBC Global Services Australia Nominees Pty Limited AFT: Quantitative Investments TE 2 Equity Fund. Account Code: PIQTE2 GPO Box 5424 Sydney NSW 2001	RBC Global Services Australia Nominees Pty Limited GPO Box 5424 Sydney NSW 2001

PIMIT	Guardian TrustAustralia Ltd ACF: Perpetual James Fielding Meridian Investment Trust Account code PIMIT, RBC Global Services Australia Nominees Pty Ltd GPO Box 5424 Sydney NSW 2001	Guardian Trust Australia Ltd <meridian A/C> GPO Box 469 Sydney NSW 2001</meridian
PIWGAF	UBS Nominee Pty Ltd ACF: Perpetual Wholesale Geared Australian Share Fund Account code PIWGAS, RBC Global Services Australia Nominees Pty Ltd GPO Box 5424 Sydney NSW 2001	UBS Nominee Pty Ltd <prime brokingA/C> Level 25, 1 Farrer Place Govenor Phillip Tower Sydney NSW 2000
PIWSPF	UBS Nominee Pty Ltd ACF: Perpetual Wholesale Share Plus Fund Account code PIWSPF. RBC Global Services Australia Nominees Pty Ltd GPO Box 5424 Sydney NSW 2001	UBS Nominee Pty Ltd <prime brokingA/C> Level 25, 1 Farrer Place Govenor Phillip Tower Sydney NSW 2000
PMSTA	National Nominees Limited ACF: Super Trust of Australia Account Code: PISTA. RBC Global Services Australia Nominees Pty Limited GPO Box 5424 Sydney NSW 2001	National Australia Custodian Services 5th Floor South 271 Collins Street Melbourne VIC 3000
PMWSCM	RBC Global Australia Nominees Pty Limited ACF: Perpetual Wholesale Smaller Co Fund Account Code: PIWSCF. GPO Box 5424 Sydney NSW 2001	RBC Global Services Australia Nominees. Pty Limited GPO Box 5424 Sydney NSW 2001
PMWSCS	RBC Global Australia Nominees Pty Limited ACF: Perpetual Wholesale Smaller Co Fund Account Code: PIWSCF, GPO Box 5424 Sydney NSW 2001	RBC Global Services Australia Nominees Pty Limited GPO Box 5424 Sydney NSW 2001
AMCORP	National Nominees Ltd ACF: IOOF Account. Account Code: PIAMC RBC Global Services Australia Nominees Pty Limited GPO Box 5424 Sydney NSW 2001	National Australia Custodian Services A/C ATPFAE 6822 - 16, 5th Floor South 271 Collins Street Melbourne VIC 3000
TEL	National Nominees Limited ACF: Telstra Superannuation Pty Limited Account Code: PITEL RBC Global Services Australia Nominees Pty Limited GPO Box 5424 Sydney NSW 2001	National Australia Custodian Services A/C 3093-15 TSPPAE 5th Floor South 271 Collins Street Melbourne VIC 3000
PMFR	Westpac Custodian Nominees ACF: Frank Russell Investment Management Account Code: PIMFR RBC Global Services Australia Nominees Pty Limited GPO Box 5424 Sydney NSW 2001	Westpac Custodian Nominees State Street Fund BQ8D Level 9 / 50 Pitt Street Sydney NSW 2000
PMCPSF	Citicorp Nominees Pty Ltd ACF:Commonwealth Property Fund 3 Account Code: PICPSF. RBC Global Services Australia Pty Ltd, GPO Box 5424 Sydney NSW 2001	Citicorp Nominees Pty Ltd A/C EPSS03 GPO Box 764G Melbourne VIC 3001
PMCGSF	Citicorp Nominees Pty Ltd ACF: Commonwealth Aust Shares Fund 11 Account Code: PICGSF RBC Global Services Australia Pty Ltd GPO Box 5424 Sydney NSW 2001	Citicorp Nominees Pty Ltd A/C EASS11 GPO Box 764G, Melbourne VIC 3001

CBAISF	Citicorp Nominees Pty Ltd. ACF: Commonwealth Aust Shares Fund 4. Account Code:PICISF, RBC Global Services Australia Pty Ltd GPO Box 5424 Sydney NSW 2001	Citicorp Nominees Pty Ltd A/C EASS04 GPO Box 764G, Melbourne VIC 3001
PMWSRF	RBC Global Services Australia Nominess Pty Limited. ACF: Perpetual Wholesael Ethical Fund Account Code: PIWSRF GPO Box 5424 Sydney NSW 2001	RBC Global Services Australia Nominees Pty Limited GPO Box 5424 Sydney NSW 2001
PWSCF	RBC Global Services Australia Nominess Pty Limited. ACF: Perpetual Wholesale Smaller Co Fund Account Code: PIWSCF GPO Box 5424 Sydney NSW 2001	RBC Global Services Australia Nominees Pty Limited GPO Box 5424 Sydney NSW 2001
PTGEN	Perpetual Trustee Services General A / C Account Code: PTPGEN RBC Global Services Australia Nominees Pty Limited GPO Box 5424 Sydney NSW 2001	RBC Global Services Australia Nominees Pty Limited GPO Box 5424, Sydney NSW 2001
PTAL	Perpetual Trustees Australia Limited Account Code: PTAL RBC Global Services Australia Nominees Pty Limited Level 19 / 1 Castlereagh Street Sydney NSW 2000	RBC Global Services Australia Nominees Pty Limited GPO Box 5430, Sydney NSW 2000
PTQLD	Perpetual Trustee Queensland Limited Account Code: PTOLD RBC Global Services Australia Nominees Pty Limited Level 19 / 1 Castlereagh Street Sydney NSW 2000	RBC Global Services Australia Nominees Pty Limited GPO Box 5430, Sydney NSW 2000
PTCO	Perpetual Trustee Co. Limited Account Code: PTPCO RBC Global Services Australia Nominees Pty Limited GPO Box 5424 Sydney NSW 2001	RBC Global Services Australia Nominees Pty Limited GPO Box 5424, Sydney NSW 2001
PTNM	P.T.A. Nominees Limited ATF: Perpetual Trustees Nominees Limited Account Code: PTPNM RBC Global Services Australia Nominees Pty Limited GPO Box 5424 Sydney NSW 2001	RBC Global Services Australia Nominees Pty Limited GPO Box 5424 Sydney NSW 2001
PTVIC	Perpetual Trustee Victoria Limited Account Code: PTNM RBC Global Services Australia Nominees Pty Limited GPO Box 5424 Sydney NSW 2001	RBC Global Services Australia Nominees Pty Limited GPO Box 5424, Sydney NSW 2001
PNOM	Perpetual Nominees Pty Limited Account Code: PTPNOM RBC Global Services Australia Nominbees Pty Limited GPO Box 5424 Sydney NSW 2001	RBC Global Services Australia Nominees Pty Limited GPO Box 5424, Sydney NSW 2001
PTAN	Perpetual Nominees Limited Account Code: PTPAN RBC Global Services Australia Nominees Pty Limited, GPO Box 5424 Sydney NSW 2001	RBC Global Services Australia Nominees Pty Limited GPO Box 5424, Sydney NSW 2001

PML	Perpetual Management Limited Account Code: PTPML RBC Global Services Australia Nominees Pty Limited GPO Box 5424 Sydney NSW 2001	RBC Global Services Australia Nominees Pty Limited GPO Box 5424, Sydney NSW 2001
PTWA	Perpetual Trustee WA Limited Account Code: PTPWA RBC Global Services Australia Nominees Pty Limited GPO Box 5424 Sydney NSW 2001	RBC Global Services Australia Nominees Pty Limited GPO Box 5424. Sydney NSW 2001
Т2.	Perpetual Trustee Company Limited Private Client Division )	Perpetual Trustee Company Limited 39 Hunter Street, Sydney 2000
Т3	Perpetual Trustees Victoria Limited Private Client Division )	Perpetual Trustee Company Limited 39 Hunter Street, Sydney 2000
Т4	Perpetual Trustees Queensland Limited Private Client Division )	Perpetual Trustee Company Limited 39 Hunter Street, Sydney 2000
Τ6	Perpetual Trustees WA Limited Private Client Division )	Perpetual Trustee Company Limited 39 Hunter Street, Sydney 2000
Τ7	Perpetual Trustee Company Canberra Limited (Private Client Division)	Perpetual Trustee Company Limited 39 Hunter Street, Sydney 2000
DIRECTOR	Perpetual Trustees Australia Limited, Directors Personal Holdings	Perpetual Trustee Company Limited 39 Hunter Street, Sydney 2000

PRESENT RELEVENT INTERESTS

Sunnay (tagaight) British FIE			aloixí
WYL (WATTYL LTD)		Portfolios
Röfölö	ETT THE	Holdings
na a	PМ	676,473
PCEF	PМ	1,447,913
Τ2	PCD	72,541
PMCBUS	PM.	1,118,717
⊮ PMHOST	PM.	403,015
৶ PMSTA	PM.	1,115,557
PMWSCM همها	PM	941,881
PIACT حمي	PM	312,732
'SSCEF محمد	SS	210,152
$\mathscr{P}$ pihest	PМ	477,234
PCCEF حمق	PC.	176,580

CHANGES IN RELEVENT INTERESTS

Account	Security		Quantity		Value	Price	DateAsAt
PCCEF	WYL		132	$\sim$	459	\$ 3.48	05-Aug-04
PCCEF	WYL		5,275	$\bar{z}$	18,410	\$ 3.49	05-Aug-04
PCCEF	WYL		367		1,237	\$ 3.37	13-Aug-04
PCCEF	WYL		667		2,248	\$ 3.37	13-Aug-04
PCCEF	WYL		1,326		4,374	\$ 3.30	19-Aug-04
PCCEF	WYL		35,006		115,520	\$ 3.30	19-Aug-04
PCEF	WYL		995		3,463	\$ 3.48	05-Aug-04
PCEF	WYL		39,780		138,832	\$ 3.49	05-Aug-04
PCEF	WYL		6,822		22,990	\$ 3.37	13-Aug-04
PCEF	WYL		12,420		41,855	\$ 3.37	13-Aug-04
PCEF	WYL		11,068		36,513	\$ 3.30	19-Aug-04
PCEF	WYL		292,190		964,227	\$ 3.30	19-Aug-04
PIACT	WYL		230	$\overline{a}$	800	\$ 3.48	05-Aug-04
PIACT	WYL	÷	9,220	-	32,178	\$ 3.49	05-Aug-04
PIACT	WYL		695		2,342	\$ 3.37	13-Aug-04
PIACT	WYL		1,264		4,260	\$ 3.37	13-Aug-04
PIACT	WYL		2,349		7,749	\$ 3.30	19-Aug-04
PIACT	WYL		61,995		204,584	\$ 3.30	19-Aug-04
PIHEST	WYL		107		372	\$ 3.48	05-Aug-04
PIHEST	WYL		4,273		14,913	\$ 3.49	05-Aug-04
PIHEST	WYL		153,704		517,982	\$ 3.37	11-Aug-04
PIHEST	WYL		5,336		17,603	\$ 3.30	19-Aug-04
PIHEST	WYL		140,862		464,845	\$ 3.30	19-Aug-04
PMCBUS	WYL		821		2,857	\$ 3.48	05-Aug-04
PMCBUS	WYL		32,839	$\tilde{\phantom{a}}$	114,608	\$ 3.49	05-Aug-04
PMCBUS	WYL		2,503		8,435	\$ 3.37	13-Aug-04
PMCBUS	WYL		4,558		15,360	\$ 3.37	13-Aug-04
PMCBUS	WYL		8,399		27,708	\$ 3.30	19-Aug-04
PMCBUS	WYL		221,692		731,584	\$ 3.30	19-Aug-04
PMHOST	WYL		297		1,034	\$ 3.48	05-Aug-04
PMHOST	WYL		11,861		41,395	\$ 3.49	05-Aug-04
PMHOST	WYL		901		3,036	\$ 3.37	13-Aug-04
PMHOST	WYL		1,640		5,527	\$ 3.37	13-Aug-04
PMHOST	WYL		3,026		9,983	\$ 3.30	19-Aug-04
PMHOST	WYL		79,867		263,561	\$ 3.30	19-Aug-04
ICSC	WYL		4,407		14,852	\$ 3.37	13-Aug-04
ICSC	WYL		8,022		27,034	\$ 3.37	13-Aug-04
ICSC	WYL		7,081		23,634	\$ 3.34	16-Aug-04
ICSC	WYL		8,654		28,904	\$ 3.34	16-Aug-04
ICSC	WYL		5,883		19,408	\$ 3.30	19-Aug-04
ICSC	WYL		155,287		512,447	\$ 3.30	19-Aug-04
PMSTA	WYL		773	$\mathcal{H}$	2,690	\$ 3.48	05-Aug-04
PMSTA	WYL		30,940	$\bar{\phantom{a}}$	107,981	\$ 3.49	05-Aug-04
PMSTA	WYL		7,555		25,460	\$ 3.37	13-Aug-04
PMSTA	WYL		13,758		46,364	\$ 3.37	13-Aug-04
PMSTA	WYL		8,715		28,751	\$ 3.30	19-Aug-04
PMSTA	WYL		230,027		759,089	\$ 3.30	19-Aug-04
PMWSCM	WYL		1,988		6,700	\$ 3.37	13-Aug-04
PMWSCM	WYL		3,618		12,193	\$ 3.37	13-Aug-04

PMWSCM	WYL	9,284		30,987	S	3.34	16-Aug-04
PMWSCM	WYL	11,346		37,896	S	3.34	16-Aug-04
PMWSCM	WYL	8,050		26,557	S	3.30	19-Aug-04
PMWSCM	WYL	212,474		701,164	S	3.30	19-Aug-04
SSCEF	WYL	$145 -$		505	S	3.48	05-Aug-04
SSCEF	WYL	5,816	$\tilde{f}$	20,298	S	3.49	05-Aug-04
SSCEF	WYL	339		1.142	S	3.37	13-Aug-04
SSCEF	WYL	616		2,076	S	3.37	13-Aug-04
SSCEF	WYL	1.578		5,206	S	3.30	19-Aug-04
SSCEF	WYL	41,645		137,429	S	3.30	19-Aug-04