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Announcement - Perpetual appoints Chief Risk Officer

25 May 2004

Perpetual Trustees Australia Limited has today appointed Mr Ivan Holyman as Chief Risk Officer for the group.

Mr Holyman joins Perpetual having previously held the position of Chief Operating Officer - Asia Pacific for UBS Warburg and Head of Risk for SBC Australia and New Zealand.

Mr David Deverall, managing director of Perpetual said that Mr Holyman's appointment will further enhance the group's risk management framework.

"Mr Holyman's brief is to continue to develop an anticipatory, cost efficient and integrated approach to risk management across the group.

"I look forward to the contribution Mr Holyman's skills and experience will make to the Perpetual team to ensure our continued development in line with best practice approaches to risk management," Mr Deverall said.