Reserve Bank, Treasury comments on Mascot Finance

6 March 2009

MEDIA RELEASE

Statement from Perpetual Trust regarding Reserve Bank and Treasury comments on Mascot Finance

Perpetual Trust has written to the Treasury and the Reserve Bank to outline its concerns about what the Treasury and the Reserve Bank are saying about the information they received from the trustee as part of Mascot Finance Limited’s application to join the government’s Deposit Guarantee Scheme.

Perpetual Trust is confident that all relevant information about Mascot's financial position was fully disclosed to the Reserve Bank in December by the trustee and is not responsible for the judgments made by the Reserve Bank and Treasury on that information.

Perpetual Trust does not have any further comment to make at this stage.

ENDS

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