• Perpetual Ltd received a revised non-binding proposal from EQT AB.
• Proposal price increased to A$22.50 per share.
• Proposal conditional on due diligence, documentation, and regulatory approvals.
• No recommendation to shareholders yet.

Perpetual Limited (ASX:PPT) has received a further revised non-binding, conditional and indicative proposal from Windflower Pte. Limited, indirectly controlled by EQT AB, to acquire 100% of Perpetual shares at A$22.50 each. This represents a 2% increase over the previous proposal and a 4% increase over the original proposal. The proposal is subject to due diligence, documentation, regulatory approvals, and the sale of Perpetual's Wealth Management business to Bain Capital. The Perpetual Board is assessing the proposal with its advisers but has not yet formed a view or made a recommendation to shareholders.

Revised proposal price: A$22.50 per share; subject to conditions.

Perpetual's Board is assessing the proposal and remains confident in executing its strategy.