CAR GROUP LIMITED — Director's Dealing 2010

Dec 5, 2010

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity carsales.com Ltd
ABN 91 074 444 018

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Adrian MacKenzie
Date of last notice	$17/09/09$ (Appendix 3X)

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Indirect Interests are disclosed below
Date of change	a) 30.11.10
No. of securities held prior to change	Indirect
	187,500 Options - held on trust for ACP Magazines Limited ACN 053 273 546 (ACP), a wholly owned subsidiary of PBL Media Holdings Pty Ltd ACN 122 203 892.
Class	Ordinary
Number acquired	a) 187,500 ordinary shares

$+$ See chapter 19 for defined terms.

Number disposed	Nil
Value/Consideration	a) $93,750 \text{ } @$ \$2.00 per option
Note: If consideration is non-cash, provide details and estimated valuation	b) $93,750$ @ \$2.15 per option

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No. of securities held after change
	Indirect
	187,500 Ordinary shares - held on trust for ACP Magazines Limited ACN 053 273 546 (ACP), a wholly owned subsidiary of PBL Media Holdings Pty Ltd ACN 122 203 892.

⁺ See chapter 19 for defined terms.

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Conversion of options

Part 2 – Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	Not Applicable
Nature of interest	Not Applicable
Name of registered holder (if issued securities)	Not Applicable
Date of change	Not Applicable
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	Not Applicable
Interest acquired	Not Applicable
Interest disposed	Not Applicable
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	Not Applicable
Interest after change	Not Applicable

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$+$ See chapter 19 for defined terms.