Date: 30 June 2007

Fund name: Perpetual Wholesale Conservative Growth Fund

APIR code: PER0077AU

Distribution Components C.P.U.
Domestic interest 1.309657
Domestic interest - Non-withholding tax -
Excluded from NCMI -
NCMI -
Other Australian sourced income 0.049108
Net franked dividends 0.141203
Unfranked dividends 0.022322
Clean building MIT income -
Conduit Foreign Income 0.009890
Net foreign income -
CFC Income -
TAP Capital gains - discounted 0.010088
TAP Capital gains - indexed method 0.000018
TAP Capital gains - other method 0.000000
TAP NCMI capital gains - discounted -
TAP NCMI capital gains - other method -
TAP excluded from NCMI capital gains - discounted -
TAP excluded from NCMI capital gains - other method -
NTAP Capital gains - discounted 0.855426
NTAP Capital gains - indexed method 0.008976
NTAP Capital gains - other method 0.581983
NTAP NCMI capital gains - discounted -
NTAP NCMI capital gains - other method -
NTAP excluded from NCMI capital gains - discounted -
NTAP excluded from NCMI capital gains - other method -
Tax exempt amount -
Tax free amount -
CGT concession amount 0.874096
Non attributable / tax deferred amount 0.055196
Non-assessable non-exempt income -
Return of capital -
Franking credits 0.081335
Trans-Tasman credits -
Foreign income tax offset -
Foreign capital tax offset -
Total distribution amount 3.999297
FUND PAYMENT 0.069303

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.