Perpetual : 2019 Q1 FUM Statement

ASX Announcement

First Quarter 2019 funds under management update

17 October 2018

Perpetual Limited (Perpetual) today announced Perpetual Investments' funds under management (FUM) as at 30 September 2018 were $30.2 billion1, a decrease of $0.6 billion on the prior quarter. Net outflows for the quarter were $1.0 billion. Total average FUM for the three months to 30 September 2018 were $30.8 billion.

The decrease in FUM of $0.6 billion over the three months to 30 September 2018 was attributable to:

• • $1.0 billion of net outflows comprising:

  • o $0.9 billion of net outflows from Australian Equities across all channels;

  • o $0.1 billion of net outflows from Cash and Fixed Income primarily from the Institutional channel;

• • Market appreciation of $0.4 billion.

Appendix

• ▪ FUM and flows data by channel, asset class and strategy.

For more information please contact:

Investors:	Media:
Andrew Ehlich	Kristen Allen
General Manager, IR & Corporate Finance	General Manager, Corporate Communications
Perpetual Limited	Perpetual Limited
Tel: [phone]	Tel: [phone]
About Perpetual

Perpetual is an independent financial services group operating in funds management, financial advisory and trustee services. Our origin as a trustee company, coupled with our strong track record of investment performance, has created our reputation as one of the strongest brands in financial services in Australia. For further information, go towww.perpetual.com.au

Appendix

1 All figures in this update are in Australian dollars and are rounded.

Perpetual Limited ABN 86 000 431 827

Angel Place, Level 18, 123 Pitt Street Sydney NSW 2000, Australia

Tel [phone]

Fax [phone]

FUM and flows by channel

Channel (A$ billion)	30 Jun 2018 Net Flows Other2 30 Sep 2018
Retail Intermediary Institutional Listed Investment Company	5.3 15.5 9.7 0.3 (0.1) (0.2) (0.7) - 0.1 5.3 0.2 15.5 0.1 9.1 - 0.3
Total	30.8 (1.0) 0.4 30.2

FUM and flows by asset class

Asset Class (A$ billion)	30 Jun 2018 Net Flows Other2 30 Sep 2018
Australian Equities Global Equities Listed Investment Company	20.9 1.3 0.3 (0.9) 0.3 20.3 - - 0.2 1.5 - 0.3
Total equities	22.5 (0.9) 0.5 22.1
Cash & Fixed Income Other	7.3 1.0 (0.1) -(0.1) 7.1 - 1.0
Total: all asset classes	30.8 (1.0) 0.4 30.2

2 'Other' includes changes in market value of assets, income, reinvestments, distributions, and asset class rebalancing within the

Group's diversified funds.

Channel definitions: Retail includes FUM from advisers and individual clients who invest with Perpetual directly; Intermediary includes FUM from financial advisers who invest with Perpetual via external platform providers; Institutional includes industry superannuation funds and clients who invest large sums.

Australian Equities

FUM by strategy	Intermediary	Institutional	Total FUM
30 Sep 2018 (A$ billion)	& Retail
Concentrated	1.2	5.7	6.9
Industrials	5.0	-	5.0
Ordinaries	2.3	-	2.3
Share-Plus	1.4	-	1.4
Ethical	1.2	0.1	1.3
Smaller Companies	0.8	0.4	1.2
Other	1.6	0.6	2.2
Total Australian Equities	13.5	6.8	20.3
Cash and Fixed Income
FUM by strategy	Intermediary	Institutional	Total FUM
30 Sep 2018 (A$ billion)	& Retail
Cash / Enhanced Cash	1.0	2.1	3.1
Credit / Fixed Income	3.6	0.1	3.7
Sub-total	4.6	2.2	6.8
Exact Market Cash	0.3
Total	7.1
Tel [phone]
Fax [phone]

Perpetual Limited ABN 86 000 431 827

Angel Place, Level 18, 123 Pitt Street Sydney NSW 2000, Australia