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Perpetual Limited Director's Dealing 2007

May 8, 2007

10538_rns_2007-05-08_f4f3ed21-0a58-40d0-b4e5-8e080fa58712.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 Ivan Holyman
Date of last notice 15 November 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 relevantinterest. IndirectShares held by Queensland Trustees PtyLimited as trustee for Perpetual's ExecutiveShare Plan. Ivan Holyman has a beneficialinterest in the shares.Units purchased by Warana Holdings PtyLimited as trustee for WaranaSuperannuation Fund. Ivan Holyman ownsall the shares in Warana Holdings PtyLimited.
Date of change 4 May 2007
No. of securities held prior to change Indirect
13,898 ordinary shares held by QueenslandPty Limited asTrusteesfortrusteePerpetual's Executive Share Plan
144,162.46 units in Perpetual's PooledSuperannuation Trust BalancedGrowthInvestment Option held by Warana HoldingsPty Limited as trustee forWaranaSuperannuation Fund.
131,379.48 units in Perpetual's PooledSuperannuation Trust International ShareInvestment Option held by Warana HoldingsPty Limited as trustee forWaranaSuperannuation Fund.
Class Units
Number acquired Nil
Number disposed 144,162.46 units in Perpetual's PooledSuperannuation Trust BalancedGrowthInvestment Option
131,379.48unitsin Perpetual'sPooledSuperannuation TrustInternationalShareInvestment Option
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation 144,162,46 units sold @ $2.263131,379.48 units sold @ $1.996
No. of securities held after change Indirect
13,898 ordinary shares held by QueenslandTrusteesPty Limited$\rm{as}$trusteeforPerpetual's Executive Share Plan
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back Sale of units in Perpetual Funds

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 towhich interest related prior tochangeNote: Details are only required for a contract in relation
to which the interest has changedInterest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation
Interest after change