Form 604

Corporations Law Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme PLATINUM AUSTRALIA LIMITED

ACN/ARSN 093 417 942

1. Details of substantial holder (1) Name PERPETUAL LIMITED and subsidiaries ACN (if applicable) 000 431 827

There was a change in the interests of the Substantial holder on _29_ /_10_ /_2008__

The previous notice was given to the company on _29_ /_10_ /_2008___

The previous notice was dated _28_ /_10_ /_2008___

2. Previous and present voting power The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4) Previous notice Present notice Person’s votes Voting power (5) Person’s votes Voting power (5)

Ordinary 17,758,875 8.07% 13,256,879 6.02%

3. Changes in relevant interests Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give substantial holding notice to the company or scheme are as follows:

Date of change Person whose relevant Nature of Consideration Class and Person’s votes interest changed change (6) given in relation number of affected to change (7) securities affected Refer annexure 3

4. Present relevant interests Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of Registered holder of Person entitled Nature of relevant Class and Person’s votes relevant securities to be registered interest (6) number of interest as holder (8) securities Refer annexure 1 & 2

5. Changes in association The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN (if applicable) Nature of association Refer to Annexure 1

6. Addresses The addresses of persons named in this form are as follows:

Name Address Refer to Annexure 1

Signature

Print name GLENDA CHARLES Capacity ASST. COMPANY SECRETARY

ANNEXURE 1 - Perpetual Investments Account Codes & Details

Perpetual Investments Management Limited (PIML), subsidiary of Perpetual Limited, as Responsible Entity for:

INTERNAL CODE ACCOUNT DETAILS REGISTRATION DETAILS

RBC Dexia Investor Services Australia Pty Limited RBC Dexia Investor Services Australia Pty Limited ACF: PIML (Select Investments) ACF: PIML (Select Investments) ALL 'PC' CODES RBC Dexia Investor Services Australia Pty Limited RBC Dexia Investor Services Australia Pty Limited GPO Box 5430 Sydney NSW 2001 GPO Box 5430 Sydney NSW 2001

RBC Dexia Investor Services Australia Pty Limited RBC Dexia Investor Services Australian Pty Limited ACF: Perpetual Equity Analyst Fund ALL 'PIAEA' CODES Account Code: PIAEAP GPO Box 5430 Sydney NSW 2001 GPO Box 5430 Sydney NSW 2001

RBC Dexia Investor Services Australia Pty Limited RBC Dexia Investor Services Australia Pty Limited ACF: Perpetual Australia Share Fund GSF Account Code: PIGSF GPO Box 5430 Sydney NSW 2001 GPO Box 5430 Sydney NSW 2001

RBC Dexia Investor Services Australia Pty Limited RBC Dexia Investor Services Australia Pty Limited ACF: Perpetual Investor Choice Australian Asset Group ICAS Account Code: PIICAS GPO Box 5430 Sydney NSW 2001 GPO Box 5430 Sydney NSW 2001

RBC Dexia Investor Services Australia Pty Limited RBC Dexia Investor Services Australia Pty Limited ACF: Perpetual Investor Choice Industrial Asset Group ICIS Account Code: PISIND GPO Box 5430 Sydney NSW 2001 GPO Box 5430 Sydney NSW 2001

RBC Dexia Investor Services Australia Pty Limited RBC Dexia Investor Services Australia Pty Limited ACF: Perpetual Investor Choice Smaller Asset Group ICSC Account Code: PISSCF GPO Box 5430 Sydney NSW 2001 GPO Box 5430 Sydney NSW 2001

RBC Dexia Investor Services Australia Pty Limited RBC Dexia Investor Services Australia Pty Limited PCEF Account Code: PICEF GPO Box 5430 Sydney NSW 2001 GPO Box 5430 Sydney NSW 2001

RBC Dexia Investor Services Australia Pty Limited RBC Dexia Investor Services Australia Pty Limited ACF: Perpetual Independent Australian Share Fund ACF: Perpetual Independent Australian Share Fund PIBIAS Account Code: PIBIAS Account Code: PIBIAS GPO Box 5430 Sydney NSW 2001 GPO Box 5430 Sydney NSW 2001

RBC Dexia Investor Services Australia Pty Limited RBC Dexia Investor Services Australia Pty Limited PIDIF Account Code: PIDIF GPO Box 5430 Sydney NSW 2001 GPO Box 5430 Sydney NSW 2001

RBC Dexia Investor Services Australia Pty Limited RBC Dexia Investor Services Australia Pty Limited PIDIF2 Account Code: PIDIF2 GPO Box 5430 Sydney NSW 2001 GPO Box 5430 Sydney NSW 2001

UBS Nominee Pty Ltd UBS Nominee Pty Ltd ACF: Perpetual Equity Alpha Fund PIEATF Account code: PIEATF Level 25, 1 Farrer Place Govenor Phillip Tower RBC Dexia Investor Services Australia Pty Limited Sydney NSW 2000 GPO Box 5430 Sydney NSW 2001

RBC Dexia Investor Services Australia Pty Limited RBC Dexia Investor Services Australia Pty Limited ACF: Perpetual Resource Fund PIRAF Account code: PIRAF GPO Box 5430 Sydney NSW 2001 GPO Box 5430 Sydney NSW 2001

UBS Nominee Pty Ltd UBS Nominee Pty Ltd ACF: Perpetual Wholesale Geared Australian Share Fund PIWGAF Account code: PIWGAF Level 25, 1 Farrer Place Govenor Phillip Tower RBC Dexia Investor Services Australia Pty Limited Sydney NSW 2000 GPO Box 5430 Sydney NSW 2001

RBC Dexia Investor Services Australia Pty Limited UBS Nominee Pty Ltd ACF: PI Protected Aust Share Fund A PIWCPF Account code PIWCPF Level 25, 1 Farrer Place Govenor Phillip Tower GPO Box 5430 Sydney NSW 2001 Sydney NSW 2000

RBC Dexia Investor Services Australia Pty Limited RBC Dexia Investor Services Australia Pty Limited ACF: Perpetual JF Wholesale Prop Income Fund PIWJPI Account Code: PIWJPI GPO Box 5430 Sydney NSW 2001 GPO Box 5430 Sydney NSW 2001

UBS Nominee Pty Ltd UBS Nominee Pty Ltd ACF: Perpetual QI Market Neutral Fund PIWQMN Account code: PIWQMN Level 25, 1 Farrer Place Govenor Phillip Tower RBC Dexia Investor Services Australia Pty Limited Sydney NSW 2000 GPO Box 5430 Sydney NSW 2001

This is Annexure 1 Page 1 of 4 referred to in Form 604 UBS Nominee Pty Ltd UBS Nominee Pty Ltd ACF: Perpetual Wholesale Share Plus Fund PIWSPF Account code PIWSPF Level 25, 1 Farrer Place Govenor Phillip Tower RBC Dexia Investor Services Australia Pty Limited Sydney NSW 2000 GPO Box 5430 Sydney NSW 2001

UBS Nominee Pty Ltd UBS Nominee Pty Ltd ACF: Perpetual QI Long Short Fund PIWQLS Account code: PIWQLS Level 25, 1 Farrer Place Govenor Phillip Tower RBC Dexia Investor Services Australia Pty Limited Sydney NSW 2000 GPO Box 5430 Sydney NSW 2001

RBC Dexia Investor Services Australia Pty Limited RBC Dexia Investor Services Australia Pty Limited ACF: Perpetual's Industrial Share Fund One PMISF1 Account Code: PIISF1 GPO Box 5430 Sydney NSW 2001 GPO Box 5430 Sydney NSW 2001

RBC Dexia Investor Services Australia Pty Limited RBC Dexia Investor Services Australia Pty Limited ACF: Perpetual's Industrial Share Fund Two PMISF2 Account Code: PIISF2 GPO Box 5430 Sydney NSW 2001 GPO Box 5430 Sydney NSW 2000

RBC Dexia Investor Services Australia Pty Limited RBC Dexia Investor Services Australia Pty Limited ACF: Perpetual's Industrial Share Fund PMISFJ Account Code: PIISF3 GPO Box 5430 Sydney NSW 2001 GPO Box 5430 Sydney NSW 2000

RBC Dexia Investor Services Australia Pty Limited RBC Dexia Investor Services Australia Pty Limited ATF: Perpetual's Smaller Companies Analyst Fund PMSCA Account Code: PISCA GPO Box 5430 Sydney NSW 2001 GPO Box 5430 Sydney NSW 2001

RBC Dexia Investor Services Australia Pty Limited RBC Dexia Investor Services Australia Pty Limited ACF: Perpetual Wholesale Smaller Companies (M) PMWSCM Account Code: PIWSCM GPO Box 5430 Sydney NSW 2001 GPO Box 5430 Sydney NSW 2001

RBC Dexia Investor Services Australia Pty Limited RBC Dexia Investor Services Australia Pty Limited ACF: Perpetual Wholesale Smaller Companies (S) PMWSCS Account Code: PIWSCS GPO Box 5430 Sydney NSW 2001 GPO Box 5430 Sydney NSW 2001

RBC Dexia Investor Services Australia Pty Limited RBC Dexia Investor Services Australia Pty Limited ACF: Perpetual Wholesael Ethical Fund PMWSRF Account Code: PIWSRF GPO Box 5430 Sydney NSW 2001 GPO Box 5430 Sydney NSW 2001

RBC Dexia Investor Services Australia Pty Limited RBC Dexia Investor Services Australia Pty Limited ATF: Perpetual James Fielding Wholesale Property Securities Fund PPSF Account Code: PIPSF GPO Box 5430 Sydney NSW 2001 GPO Box 5430 Sydney NSW 2001

RBC Dexia Investor Services Australia Pty Limited RBC Dexia Investor Services Australia Pty Limited ACF: Perpetual Wholesale Smaller Co Fund PWSCF Account Code: PIWSCF GPO Box 5430 Sydney NSW 2001 GPO Box 5430 Sydney NSW 2001

Perpetual Investments Management Limited (PIML), subsidiary of Perpetual Limited, as Trustee for:

RBC Dexia Investor Services Australia Pty Limited RBC Dexia Investor Services Australia Pty Limited ACF: PIML (Select Super) ACF: PIML (Select Super) ALL 'SS' CODES RBC Dexia Investor Services Australia Pty Limited RBC Dexia Investor Services Australia Pty Limited GPO Box 5430 Sydney NSW 2001 GPO Box 5430 Sydney NSW 2001

Perpetual Investments Management Limited (PIML), subsidiary of Perpetual Limited, under Investment Management Agreements with:

INTERNAL CODE ACCOUNT DETAILS REGISTRATION DETAILS

National Nominees Ltd ACF: IOOF Account National Australia Custodian Services Account Code: PIAMC A/C ATPFAE 6822 - 16 AMCORP RBC Dexia Investor Services Australia Pty Limited 5th Floor South 271 Collins Street GPO Box 5430 Sydney NSW 2001 Melbourne VIC 3000

JP Morgan Chase Nominees Ltd JP Morgan Chase Nominees ACF: Australian Retirement Fund A/C 13415 ARF Account Code: PIARF Locked Bag 7 Royal Exchange RBC Dexia Investor Services Australia Pty Limited Sydney NSW 2000 GPO Box 5430 Sydney NSW 2001

Citicorp Nominees Pty Ltd. Citicorp Nominees Pty Ltd ACF: Commonwealth Aust Shares Fund 4 A/C EASS04 CBAISF Account Code:PICISF GPO Box 764G RBC Dexia Investor Services Australia Pty Limited Melbourne VIC 3001 GPO Box 5430 Sydney NSW 2001

Cogent Nominees Pty Ltd Cogent Nominees Pty Limited ACF: NSW Treasury Corporation A/C HGFPTE NSWTC Account Code: PINSWT P.O. Box R209 Royal Exchange RBC Dexia Investor Services Australia Pty Limited Sydney NSW 1225 GPO Box 5430 Sydney NSW 2001

This is Annexure 1 Page 2 of 4 referred to in Form 604 JP Morgan Chase Nominees Ltd ACF: Australian Capital Territory Treasury JP Morgan Chase Nominees PIACT Account Code: PIACT A/C 32512 RBC Dexia Investor Services Australia Pty Limited Locked Bag 7, Royal Exchange Sydney NSW 2000 GPO Box 5430 Sydney NSW 2001

RBC Dexia Investor Services Australia Pty Limited National Australia Custodian Services ACF: Catholic Superannuation Fund A/C CDPMUT/8536-28 PICATS Account Code: PICATS 5th Floor South 271 Collins Street GPO Box 5430 Sydney NSW 2001 Melbourne VIC 3000

Cogent Nominees Pty Ltd Cogent Nominees Pty Limited ACF: EFM Australian Share Fund 6 A/C WTXME6 PIEFM6 Account Code: PIEFM6 P.O. Box R209 Royal Exchange RBC Dexia Investor Services Australia Pty Limited Sydney NSW 1225 GPO Box 5430 Sydney NSW 2001

National Nominees Limited National Australia Custodian Services ACF: Fiji National Provident Fund A/C FNPEAE/9353-16 PIFIJI Account Code: PIFIJI 5th Floor South 271 Collins Street RBC Dexia Investor Services Australia Pty Limited Melbourne VIC 3000 GPO Box 5430 Sydney NSW 2001

RBC Dexia Investor Services Australia Pty Limited JP Morgan Chase Nominees ACF: HEST Australia Limited A/C 33112 PIHEST Account Code: PIHEST Locked Bag 7, Royal Exchange GPO Box 5430 Sydney NSW 2001 Sydney NSW 2000

Permanent Trustees Australia Ltd ACF: PI United Sector Leaders Property Fund Cogent Nominees Pty Limited PIJUTD Account Code: SMF0024 PO Box R209, Royal Exchange RBC Global Services Australia Pty Limited Sydney NSW 1225 GPO Box 5430 Sydney NSW 2001

Guardian Trust Australia Ltd ACF: Perpetual Cogent James Fielding Meridian Investment Trust Guardian Trust Australia Ltd PIMIT Account code PIMIT RBC Dexia Investor Services Australia Pty Limited GPO Box 469 Sydney NSW 2001 GPO Box 5430 Sydney NSW 2001

RBC Dexia Investor Services Australia Pty Limited JP Morgan Chase Nominees ACF: SAS Trustee Corporation A/C 34893 PISTCF Account Code: PISTCF Locked Bag 7, Royal Exchange GPO Box 5430 Sydney NSW 2001 Sydney NSW 2000

National Nominees Ltd National Australia Custodian Services ACF: Construction & Building Union Superannuation Fund A/C CBPFAE/5267-15 PMCBUS Account Code: PICBUS 5th Floor South 271 Collins Street RBC Dexia Investor Services Australia Pty Limited Melbourne VIC 3000 GPO Box 5430 Sydney NSW 2001

Citicorp Nominees Pty Ltd ACF: Commonwealth Aust Shares Fund 11 Citicorp Nominees Pty Ltd PMCGSF Account Code: PICGSF A/C EASS11 RBC Dexia Investor Services Australia Pty Limited GPO Box 764G Melbourne VIC 3001 GPO Box 5430 Sydney NSW 2001

Citicorp Nominees Pty Ltd ACF:Commonwealth Property Fund 3 Citicorp Nominees Pty Ltd PMCPSF Account Code: PICPSF A/C EPSS03 RBC Dexia Investor Services Australia Pty Limited GPO Box 764G Melbourne VIC 3001 GPO Box 5430 Sydney NSW 2001

Westpac Custodian Nominees Westpac Custodian Nominees State Street Fund ACF: Frank Russell Investment Management BQ8D PMFR Account Code: PIMFR Level 9 / 50 Pitt Street RBC Global Services Australia Pty Limited Sydney NSW 2000 GPO Box 5430 Sydney NSW 2001

JP Morgan Chase Nominees Limited JP Morgan Chase Nominees ACF: Host - Plus Pty Ltd A/C 20004 PMHOST Account Code: PIHOST Locked Bag 7 Royal Exchange RBC Dexia Investor Services Australia Pty Limited Sydney NSW 2000 GPO Box 5430 Sydney NSW 2001

Perpetual Management Limited RBC Dexia Investor Services Australia Pty Limited Account Code: PTPML PML RBC Dexia Investor Services Australia Pty Limited GPO Box 5430 GPO Box 5430 Sydney NSW 2001 Sydney NSW 2001

National Nominees Limited National Australia Custodian Services ACF: Super Trust of Australia A/C: 5498-10 STPAAE PMSTA Account Code: PISTA 5th Floor South 271 Collins Street RBC Dexia Investor Services Australia Pty Limited Melbourne VIC 3000 GPO Box 5430 Sydney NSW 2001

Perpetual Nominees Pty Limited RBC Dexia Investor Services Australia Pty Limited Account Code: PTPNOM PNOM RBC Dexia Investor Services Australia Pty Limited GPO Box 5430 GPO Box 5430 Sydney NSW 2001 Sydney NSW 2001

Perpetual Australia Co Limited RBC Dexia Investor Services Australia Pty Limited Account Code: PTPAL PTAL RBC Dexia Investor Services Australia Pty Limited GPO Box 5430 GPO Box 5430, Sydney NSW 2000 Sydney NSW 2001

This is Annexure 1 Page 3 of 4 referred to in Form 604 Perpetual Nominees Limited RBC Dexia Investor Services Australia Pty Limited Account Code: PTPAN PTAN RBC Dexia Investor Services Australia Pty Limited GPO Box 5430 GPO Box 5430 Sydney NSW 2001 Sydney NSW 2001

Perpetual Trustee Co Limited RBC Dexia Investor Services Australia Pty Limited Account Code: PTPCO PTCO RBC Dexia Investor Services Australia Pty Limited GPO Box 5430 GPO Box 5430 Sydney NSW 2001 Sydney NSW 2001

Perpetual Trustee Services General A/C RBC Dexia Investor Services Australia Pty Limited Account Code: PTPGEN PTGEN RBC Dexia Investor Services Australia Pty Limited GPO Box 5430 GPO Box 5430 Sydney NSW 2001 Sydney NSW 2001

P.T.A. Nominees Limited RBC Dexia Investor Services Australia Pty Limited ATF: Perpetual Trustees Nominees Limited PTNM Account Code: PTPNM GPO Box 5430 RBC Dexia Investor Services Australia Pty Limited Sydney NSW 2001 GPO Box 5430 Sydney NSW 2001

Perpetual Trustee Queensland Limited RBC Dexia Investor Services Australia Pty Limited Account Code: PTPQLD PTQLD RBC Dexia Investor Services Australia Pty Limited GPO Box 5430 GPO Box 5430 Sydney NSW 2001 Sydney NSW 2001

Perpetual Trustee Victoria Limited RBC Dexia Investor Services Australia Pty Limited Account Code: PTNM PTVIC RBC Dexia Investor Services Australia Pty Limited GPO Box 5430 GPO Box 5430 Sydney NSW 2001 Sydney NSW 2001

Perpetual Trustee WA Limited RBC Dexia Investor Services Australia Pty Limited Account Code: PTPWA PTWA RBC Dexia Investor Services Australia Pty Limited GPO Box 5430 GPO Box 5430 Sydney NSW 2001 Sydney NSW 2001

RBC Dexia Investor Services Australia Pty Limited RBC Dexia Investor Services Australia Pty Limited AFT: Quantitative Investments TE 2 Equity Fund QITE2 Account Code: PIQTE2 GPO Box 5430 Sydney NSW 2001 GPO Box 5430 Sydney NSW 2001

Permanent Trustees Australia Ltd ACF: SMF Funds Management Cogent Nominees Pty Limited SMF Account Code: PISMF PO Box R209 Royal Exchange RBC Global Services Australia Pty Limited Sydney NSW 1225 GPO Box 5430 Sydney NSW 2001

Perpetual Trustee Company Limited Perpetual Trustee Company Limited T2 (Private Client Division) GPO Box 4172 Sydney NSW 2001

Perpetual Trustees Victoria Limited Perpetual Trustee Company Limited T3 (Private Client Division) GPO Box 4172 Sydney NSW 2001

Perpetual Trustees Queensland Limited Perpetual Trustee Company Limited T4 (Private Client Division) GPO Box 4172 Sydney NSW 2001

Perpetual Trustees WA Limited Perpetual Trustee Company Limited T6 (Private Client Division) GPO Box 4172 Sydney NSW 2001

Perpetual Trustee Company Canberra Limited Perpetual Trustee Company Limited T7 (Private Client Division) GPO Box 4172 Sydney NSW 2001

National Nominees Limited National Australia Custodian Services ACF: Telstra Superannuation Pty Limited A/C 3093-15 TSPPAE TEL Account Code: PITEL 5th Floor South 271 Collins Street RBC Dexia Investor Services Australia Pty Limited Melbourne VIC 3000 GPO Box 5430 Sydney NSW 2001

Perpetual Limited GPO BOX 4172 Sydney NSW 2001

This is Annexure 1 Page 4 of 4 referred to in Form 604 ANNEXURE 2

PRESENT RELEVANT INTERESTS

This is annexure 2 Page 1 of 1 referred to in Form 604 Title: Notice of change in interest of substantial holder ANNEXURE 3

CHANGES IN RELEVANT INTERESTS

Account Security Volume Value Price AsAtDate PMWSC PLA 842,976 358,265 $ 0.43 29/10/2008 ICSC PLA 1,157,024 491,735 $ 0.43 29/10/2008 PMCGSF PLA- 467,648 - 190,380 $ 0.41 29/10/2008 PMCGSF PLA- 207,751 - 88,294 $ 0.43 29/10/2008 PIICAP PLA- 256,806 - 104,546 $ 0.41 29/10/2008 PIICAP PLA- 114,085 - 48,486 $ 0.43 29/10/2008 PIWGAP PLA- 250,618 - 106,513 $ 0.43 29/10/2008 PIWGAP PLA- 564,142 - 229,662 $ 0.41 29/10/2008 PIWSPF PLA- 39,317 - 16,710 $ 0.43 29/10/2008 PIWSPF PLA- 88,504 - 36,030 $ 0.41 29/10/2008 PIGSFP PLA- 2,224,497 - 905,593 $ 0.41 29/10/2008 PIGSFP PLA- 988,229 - 419,997 $ 0.43 29/10/2008 NSWTC PLA- 30,038 - 12,766 $ 0.43 29/10/2008 NSWTC PLA- 67,615 - 27,519 $ 0.41 29/10/2008 TEL PLA- 139,477 - 56,767 $ 0.41 29/10/2008 TEL PLA- 61,962 - 26,334 $ 0.43 29/10/2008 PIWSPF PLA- 9,501 - 4,038 $ 0.43 29/10/2008 PIWSPF PLA- 21,388 - 8,707 $ 0.41 29/10/2008 PIWGAP PLA- 53,539 - 22,754 $ 0.43 29/10/2008 PIWGAP PLA- 120,517 - 49,062 $ 0.41 29/10/2008 PIGSFP PLA- 487,626 - 198,513 $ 0.41 29/10/2008 PIGSFP PLA- 216,627 - 92,066 $ 0.43 29/10/2008 PIICAP PLA- 63,776 - 25,963 $ 0.41 29/10/2008 PIICAP PLA- 28,333 - 12,042 $ 0.43 29/10/2008

This is annexure 3 Page 1 of 1 referred to in Form 604 Title: Notice of change in interest of substantial holder