Personal Solutions

Product Performance

Performance figures for the Trust and Permanent Products for the period ending 31 August 2008

Compound average returns to 31 August 2008	1 year %	3 years % p.a.	5 years % p.a.
S&P ASX 200 Accumulation Index	-14.24	9.43	14.69
Trust Imputation Fund	-14.29	8.18	12.87
Trust General Equity Common Fund VE8	-14.61	8.00	13.46
Permanent Australian Equity Fund	-13.76	8.85	13.51
Permanent Australian Share Fund - CTF4	-11.05	11.13	16.23
S&P ASX 200	-17.79	4.92	9.92
Trust Equity Common Fund QE1^	-16.23	4.76	9.62
S&P ASX 2000 Property Index	-39.65	-7.58	0.03
Trust Infrastructure & Property Related Securities Common Fund V4^	-34.94	-7.12	1.97
Permanent Income Fund	-26.88	0.84	7.47
Trust Cash Management Fund*	6.57	5.68	5.26
Fixed Term Mortgage Common Fund No.2*	5.84	5.51	5.22
Permanent Bond Fund	6.31	5.23	5.23
Permanent Bond Fund - CTF15	6.25	5.18	n/a
Trust Philanthropy Fund	n/a	n/a	n/a
Trust Philanthropy Common Fund	n/a	n/a	n/a

* Does not assume re-investment of gross income.
^ Capital Only return

Source: Trust Company Limited - Returns are net of fees and assume re-investment of gross income without deduction of income tax. Past performance is not a reliable indicator of future performance.