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Perpetual Limited Director's Dealing 2006

May 11, 2006

10538_rns_2006-05-11_0fde7d1a-6ab7-48c9-a08b-ebe37bc7d096.pdf

Director's Dealing

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Appendix 3Y

Rule 3.19A.2

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 30/9/2001.

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.

Name of Director Philip Twyman
Date of last notice 1 May 2006

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.

Direct or indirect interest Indirect
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Units in Perpetual Wholesale Industrial Share
Fund, Perpetual Wholesale Balanced Growth
Fund, Perpetual Wholesale International
Fund and Perpetual's Split Growth Fund
held by spouse of Philip Twyman, through a
Colonial First State Super account
Units in Perpetual Wholesale Balanced
Growth Fund held by Australian Executor
Trustees Limited ATF First Dunedin
Superannuation Fund of which P J Twyman
is the sole member
Date of change 28 April 2006
No. of securities held prior to change
108,341.60 units in Perpetual Wholesale
Industrial Share Fund
444,480.84 units in Perpetual Wholesale
Balanced Growth Fund
105,036.89 units in Perpetual's Wholesale
International Fund
42,467.95 units in Perpetual Split Growth
Fund
Class units
Number acquired 8,637.98 units in Perpetual Wholesale
Balanced Growth Fund purchased by
Australian Executor Trustees Limited ATF
First Dunedin Superannuation Fund
Number sold NIL
Value/Consideration
Note: If consideration is non-cash, provide details and estimated
valuation
\$14,468.62
No. of securities held after change 108,341.60 units in Perpetual Wholesale
Industrial Share Fund
453,118.82 units in Perpetual Wholesale
Balanced Growth Fund
105,036.89 units in Perpetual's Wholesale
International Fund
42,467.95 units in Perpetual Split Growth
Fund
Nature of change Purchase of units in managed fund
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend reinvestment plan, participation in buy-back

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.

Detail of contract
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to
which interest related prior to
change
Note: Details are only required for a contract in relation
to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details and
an estimated valuation
Interest after change