CAR GROUP LIMITED — Major Shareholding Notification 2011

Jun 23, 2011

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Attention:	Company Announcements
Company:	ASX
From:	Platypus Asset Management P/L
Fax No:	1 300 135 638
Reference:	Notice of ceasing to be a substantial shareholder - Carsales.com Limited (CRZ)
Date:	24 June 2011
No of Pages:	2 Including header

Dear Sir/Madam,

Please find attached Form 605.

Regapas

Gary Adamson

coo Platypus Asset Management

Platypus Asset Management Pty Ltd Suite 1602, 1 Alfred Street Sydney NSW 2000 Phone 02 8270 8200 Fax 02 9262 5997 Email info@platypusassetmanagement.com.au

ACN 118016087 AFS Licence No 301294

Form 605

Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

To Carsales.com Ltd

ABN

1. Details of substantial shareholder

Name ACN	Platypus Asset Management Pty Ltd 33118016087
The holder ceased to be a
substantial holder on	23/06/2011
The previous notice was given to the company on	11/05/2011
The previous notice was dated	11/05/2011

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant	Nature of change (4)	Consideration given in	Class (6) and number
	interest changed		relation to change (5)	lof securities affected
23/06/2011	Platypus Asset Management Ptv Ltd	IDisposal of 618.059 Ishares	2.912.728	618.059

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

---------- Name and ACN/ARSN (if a f applicable) .	→• ≏ssociation INature
In/a .
______ -------
_________	. --------------------------------------- -------

4. Addresses

Name ---------------------------------------	I Address
Ptv Ltd 511/01 10 . Management _____ ______	Alfred Street 1602 'Suite
____ ---------------	2000 NSW , Sydner -----
_

Signature

Name

Sign

Capacity $\rm{co}$ Gary Adamson Date 24/06/2011