Perpetual : Appendix 3Y - R Adams

Perpetual Limited

ABN 86 000 431 827

Level 18

Angel Place

123 Pitt Street Sydney

GPO Box 4172

Sydney NSW 2001

Australia

31 October 2019DX 365 Sydney

Telephone [phone]

Facsimile 02 8256 1461

ASX Market Announcement Office

ASX Limited

20 Bridge St

SYDNEY NSW 2000

Dear Sir/Madam

Perpetual Limited (Perpetual) - Appendix 3Y- Change of Director's Interest Notice - Rob Adams

Please find attached an Appendix 3Y for Rob Adams.

The Appendix 3Y relates to:

1. the grant of Share Rights and Performance Rights on 24 October 2019 (with a grant effective date of 1 September 2019); and
2. the acquisition of units in the Perpetual Industrial Share Fund in the name of Rob Adams. A subsidiary company of Perpetual is the responsible entity of the Funds.

It is considered that the notification on the acquisition of units in the Perpetual Industrial Share Fund is voluntary as the notification does not relate to Perpetual Limited securities and therefore not a notifiable interest of a director as defined in the ASX Listing Rules and would not attract the application of ASX Listing Rule 3.19A.2.

Yours sincerely

Sylvie Dimarco

Deputy Company Secretary

Appendix 3Y

Change of Director's Interest Notice

Rule 3.19A.2

Appendix 3Y

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 30/09/01 Amended 01/01/11

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	Robert Adams
Date of last notice	20 December 2018

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	Direct
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances
giving rise to the relevant interest.
Date of change	Share Rights and Performance Rights:
	24 October 2019
	Units:
	Interest disclosed voluntarily:
	Various dates (see further below for breakdown)

+ See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y

Change of Director's Interest Notice

No. of securities held prior to	Direct
change	• 780 Perpetual Limited ordinary shares in the
	name of Mr Robert Adams.
	• 21,423 Perpetual Limited restricted ordinary
	shares - subject to the terms of the grant
	announced on 11 May 2018, 50% to vest on 24
	September 2020, 50% to vest on 24 September
	2022.
	Interest disclosed voluntarily:
	• 44,348.906 (previously disclosed as 41,717.88)
	units in Perpetual Industrial Share Fund held in
	the name of Mr Robert Adams.
	Indirect
	• 7,000 Perpetual Limited ordinary shares in the
	name of Portfolio Service SuperWrap - Personal
	Super Plan (superannuation fund).
	• 1,055 Perpetual Limited ordinary shares in the
	name of Trinafour Investments Pty Ltd (family
	trust).
	• 300 Perpetual Limited ordinary shares in the
	name of Mrs Wendy Adams, the mother of Mr
	Robert Adams.
	Interests disclosed voluntarily:
	• 6,296 units in Perpetual Australian Share Fund in
	the name of Mrs Wendy Adams, the mother of Mr
	Robert Adams.
	• 154,918.67 units in Perpetual Wholesale
	Industrial Share Fund in the name of Mrs Wendy
	Adams, the mother of Mr Robert Adams.
Class	Share Rights and Performance Rights
	Units

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

		Appendix 3Y
		Change of Director's Interest Notice
	Number acquired	Direct
		1. 10,551 Share Rights (acquired on 24 October
		2019 with grant date of 1 September 2019)
		2. 10,551 Performance Rights (acquired on 24
		October 2019 with grant date of 1 September
		2019)
		Interest disclosed voluntarily:
		3. 3,393.602 units in Perpetual Industrial Share
		Fund acquired in the following manner:
		o 407.991 units on 1 January 2019.
		o 131.25 units on 1 April 2019.
		o 2,810.009 units on 1 July 2019.
		o 44.352 units on 1 October 2019.
	Number disposed	Nil.

Value/Consideration	Direct
Note: If consideration is non-cash, provide	1.	10,551 Share Rights at $42.01 per share.
details and estimated valuation
2.	10,551 Performance Rights at $42.01 per share.
	Interest disclosed voluntarily:
	3.	3,393.602 units in Perpetual Industrial Share
		Fund acquired in the following manner:
		a.	407.991 units at $1.38 per unit.
		b.	131.25 units at $1.46 per unit.
		c.	2,810.009 units at $1.45 per unit.
		d.	44.352 units at $1.51 per unit.

+ See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3

Appendix 3Y

Change of Director's Interest Notice

No. of securities held after change

Direct

• 780 Perpetual Limited ordinary shares in the name of Mr Robert Adams.
• 21,423 Perpetual Limited restricted ordinary shares - subject to the terms of the grant announced on 11 May 2018, 50% to vest on 24 September 2020, 50% to vest on 24 September 2022.
• 10,551 Share Rights held by Mr Robert Adams.
• 10,551 Performance Rights held by Mr Robert Adams.

Interest disclosed voluntarily:

• 47,742.508 units in Perpetual Industrial Share Fund held in the name of Mr Robert Adams.

Indirect

• 7,000 Perpetual Limited ordinary shares in the name of Portfolio Service SuperWrap - Personal Super Plan (superannuation fund)
• 1,055 Perpetual Limited ordinary shares in the name of Trinafour Investments Pty Ltd (family trust).
• 300 Perpetual Limited ordinary shares in the name of Mrs Wendy Adams, the mother of Mr Robert Adams.

Interests disclosed voluntarily:

• 6,296 units in Perpetual Australian Share Fund in the name of Mrs Wendy Adams, the Mother of Mr Robert Adams.
• 154,918.67 units in Perpetual Wholesale Industrial Share Fund in the name of Mrs Wendy Adams, the mother of Mr Robert Adams.

+ See chapter 19 for defined terms.

Appendix 3Y Page 4

01/01/2011