CAR GROUP LIMITED — Major Shareholding Notification 2011

May 10, 2011

$\sim 10^7$

Attention:	Company Announcements
Company:	ASX
From:	Platypus Asset Management P/L
Fax No:	1 300 135 638
Reference:	Notice of initial substantial shareholder - Carsales.com Limited (CRZ)
Date:	11 May 2011
No of Pages:	2 Including header

Dear Sir/Madam,

Please find attached Form 603.

Regards,

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 603

Corporations Act 2001 Section 671B

Notice of initial substantial shareholder

To

Carsales.com Limited

ACN

1. Details of substantial shareholder

Name	Platypus Asset Management
A C N	33118016087

2. Details of voting power

Class of securities	Number of securities	Person's votes	Voting power
Ordinary shares	12.443.863	12,443,863	5.31%

3. Details of relevant interests

Holder of relevant interest	Nature of relevant interest	Class and number of securities
Platypus Asset Management	Investment management	Ordinarv

4. Details of present registered holders

Holder of relevant interest	Registered holder of securities	Person entitled to be a registered holder	Class and number of securities
n/a

5. Consideration

Holder of relevant interest	Date of acquisition		Consideration	Class and number
		Cash	Non cash
Platypus Asset Management	5/5/11 to 6/5/11	55.147.537		058.028

6. Associates

Name and ACN/ARSN	Nature of association

7. Addresses

Name	Address
Platypus Asset Management	Suite 1602, 1 Alfred Street, Sydney, 2000, NSW

Signature

Name	Gary Adamson	Capacity	COO
Sign		Date	11/05/2011