Completion of Placement

• Successful completion of $66.2 million placement to wholesale investors
• Proceeds to be invested in line with the Trust's investment strategy
• No securityholder approval required for the new units

Perpetual Trust Services Limited, the responsible entity of the Perpetual Credit Income Trust (ASX: PCI), has announced the successful completion of a $66.2 million placement to wholesale investors. The placement was conducted utilizing the Trust's available placement capacity and received strong support, with binding commitments for approximately 60.2 million new units at a price of $1.10 per unit. The new units will rank equally with existing units, including in respect of entitlement to future distributions. Settlement of the placement is expected to occur on 16 July 2024, with the new units to be issued and quoted on the ASX on 17 July 2024. Following the completion of the placement, the Trust is expected to have 461,388,942 units on issue, excluding any new units to be issued under the Trust's distribution reinvestment plan. The proceeds from the placement will be invested by Perpetual Investment Management Limited, the manager of the Trust, in accordance with the Trust's investment strategy, which focuses on a diversified portfolio of credit and fixed income assets, including corporate bonds, floating rate notes, securitized assets, and private debt. No securityholder approval is required for the issue of the new units under the placement.

The Trust targets a total return of RBA cash rate + 3.25% p.a. (net of fees) through the economic cycle. This is a target only and may not be achieved.