CAR GROUP LIMITED — Director's Dealing 2010

Nov 23, 2010

Appendix 3Y Change of Director’s Interest Notice

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 Limited
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	Ian Francis Law
Date of last notice	17 September 2009

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	N/A
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	N/A
Date of change	24 November 2010
No. of securities held prior to change	0
Class	Ordinary Shares
Number acquired	187,500
Number disposed	187,500
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$0
No. of securities held after change	0

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Exercise of options (see below) and transferof corresponding shares to beneficial owner(ACP Magazines Limited ACN 053 273 546)

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	Options over Ordinary Shares (held on bare trust forACP Magazines Limited ACN 053 273 546, a whollyowned subsidiary of PBL Media Holdings Pty Ltd ACN122 203 892 as disclosed in the Company’s Prospectusdated 17 August 2009)
Nature of interest	187,500 options over Ordinary Shares
Name of registered holder(if issued securities)	N/A
Date of change	24 November 2010
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed	187,500 options over Ordinary Shares
Interest acquired	0
Interest disposed	187,500 options over Ordinary Shares (exercised)
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation	$2.00 * 93,750 Options = $187,500.00$2.15 * 93,750 Options = $201,562.50Total $389,062.50 (paid by the beneficial owner)
Interest after change	None

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002