Date: 30 June 2007

Fund name: Perpetual Wholesale Concentrated Equity Fund

APIR code: PER0102AU

Distribution Components C.P.U.
Domestic interest -
Other Australian sourced income -
Australian Interest - Aust Govt Securities -
Net franked dividends 2.521824
Unfranked dividends 0.422065
Conduit Foreign Income -
Foreign Sourced Income -
FIF Income -
CFC Income -
Capital gains - discounted (TARP) 0.000001
Capital gains - indexed method (TARP) -
Capital gains - other method (TARP) 0.000001
Capital gains - discounted (NTARP) 12.132173
Capital gains - indexed method (NTARP) -
Capital gains - other method (NTARP) 6.558884
CGT concession amount 12.132179
Tax exempt amount -
Tax deferred amount 0.021467
Tax free amount -
Franking credits 1.423991
Foreign income tax offset -
Foreign capital tax offset -
Trans-tasman credits -
Total distribution amount 35.212584
FUND PAYMENT 0.000003

The Fund is a withholding managed investment trust for the purpose of Subdivision 12-H of Schedule 1 of the Taxation Administration Act 1953 (The Act).

The information included above is provided for the purpose of Subdivisions 12-H and, where applicable, 12A-B of the Act and is relevant to custodians and other intermediary investors to assist them to fulfil their withholding tax obligations. Australian investors should rely on the Attribution Managed Investment Trust Member Annual (AMMA) statement which will be issued after the end of the financial year.

Note:

This information has been provided in good faith and is believed to be accurate at the time of compilation. The tax information contained in this document is not intended to provide you with advice or take into account your objectives, financial situation or needs. You should consider whether the information is suitable for your circumstances and we recommend you seek professional advice.