Date: 30 June 2007

Fund name: Perpetual Wholesale Smaller Companies Fund

APIR code: PER0048AU

Distribution Components C.P.U.
Domestic interest -
Other Australian sourced income -
Australian Interest - Aust Govt Securities -
Net franked dividends 2.835595
Unfranked dividends 0.244675
Conduit Foreign Income 0.020488
Foreign Sourced Income -
FIF Income -
CFC Income -
Capital gains - discounted (TARP) -
Capital gains - indexed method (TARP) -
Capital gains - other method (TARP) -
Capital gains - discounted (NTARP) 28.588572
Capital gains - indexed method (NTARP) -
Capital gains - other method (NTARP) 8.166763
CGT concession amount 28.574959
Tax exempt amount -
Tax deferred amount 0.034442
Tax free amount -
Franking credits 1.345740
Foreign income tax offset -
Foreign capital tax offset -
Trans-tasman credits -
Total distribution amount 69.811235
FUND PAYMENT 0.000000

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.