Perpetual Limited — Fund Information / Factsheet 2003

ANNOUNCEMENT - PERPETUAL INVESTMENTS FUNDS UNDER MANAGEMENT

Perpetual Investments advises that its funds under management as at 31st May 2003 were $17.2 billion. This compares with the figures at: $30^{th}$ April 2003 of $17.0 billion.

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For further information, please contact:

Gerard Doherty Group Executive Perpetual Investments Ph: (02) 9229 9898

or

Emilio Gonzalez Chief Investment Officer Perpetual Investments Ph: (02) 9229 9782