CAR GROUP LIMITED — Major Shareholding Notification 2011

May 2, 2011

BNPIP

FACSIMILE BNP PARIBAS INVESTMENT PARTNERS (AUSTRALIA) LIMITED

Level 6, 60 Castlereagh Street, Sydney NSW 2000 Tel: +61 2 9619 6291 Fax: +61 2 9619 6951

DATE:	3 May 2011
ATTENTION:	ASX Company Announcements
FAX NUMBER:	1300 135 638
FROM:	Troy Daly
SUBJECT:	Form 603 - Notice of initial substantial holder
PAGES:	7 (including this page)

This is a restricted communication. It contains confidential material which is intended for the addressee only and is subject to confidentiality rights of the sender and addressee. Confidentiality is not waived, lost or affected in any way whatsoever. If you are not the intended recipient or addressee please notify the sending office immediately, and then destroy all pages of the message.

Dear Sir/Madam,

In accordance with section 671B of the Corporations Act 2001, please find attached a Notice of Initial Substantial Holder (Form 603) concerning Carsales.com Limited (CRZ) shares held by BNP Paribas Investment Partners (Australia) Limited.

Kind regards

Kind regards

Troy Daly

Compliance Manager

BNPIP

page 1/2 15 July 2001 603

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme	CARSALES.COM LIMITED (CRZ)
ACN/ARSN
1. Dotalls of substantial holder (1)
Name	BNP PARIBAS INVESTMENT PARTNERS (AUSTRALIA) LIMITED
ACN/ARSN (if applicable)	008 576 449

The holder became a substantial holder on

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting Interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

02/05/2011

________ Class of securities (4)	------------ Number of socurities	Person's votes (5)	Voting power (6)
--------------------------------------- Ordinary Shares _________	1.789.992 _________	1.789.992	5.03%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	___ Class and number of securities
BNP Paribas Investment Partners (Australia) Limited_	Investment Manager	11,789,992 Ordinary
.

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of socurities	Person entitled to be registered as holder (8)	******** Class and number of securities
Refor to Annexure A

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)	________	Class and number of securities
	------------	Cash The State of Contact Contact Contact Contact Contact Contact Contact Contact Contact Contact Contact Contact Contact Contact Contact Contact Contact Contact Contact Contact Contact Contact Contact Contact Contact Contact	Non-cash	________
Refer to Annoxure B

603 page 2/2 15 July 2001

6. Associates

The reasons the persons narred in paragraph 3 above are associates of the substantial holder are as follows:

VALUE 118, 2014 2014 2015 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 20 Name and ACN/ARSN (if applicable)	------- Nature of association --------------------------------------
,,,,,,,,,,,,,,,,,,,, -----	_____ _____
	________

7. Addresses

The addresses of persons named in this form are as follows:

PARALLELLA - A 104-20-2010 - MARINE MARINE TO THE Name ---------------------------------------	_____ _ Address _______
Refer to Annexure C	_________
____ _____	. $-$

Signature

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an $(1)$ equity trust), the names could be included in an annoxure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.
• $(2)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• Sco the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant $(5)$ interest in.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(6)$
• $(7)$ Include detatis of:
• any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out $(a)$ the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, schame or arrangement; and
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to $(b)$ which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• $(3)$ If the substantial holder is unable to determine the identity of the person (eg. If the relevant interest arises because of an option) write "unknown".
• $(9)$ Details of the consideration must include any and all benefits, money and other, that any person from whom a rolovant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the parson from whom the relevant interest was acquired.

E
٦

43,819	ordinary	Goldman Sachs (Asia) L.L.C.	Goldman Sachs (Asia) L.L.C.
			(Australia) Ltd
265,269	ordinary	HSBC Custody Nominees (Australia) Ltd	HSBC Custody Nominees
2,236,371	ordinary	UBS	3au
5,045,532	ordinary	National Nominees Pty Limited	Pty Limited National Nominees I
1,440,566	ordinary	State Street Nominees Pty Ltd	State Street Nominees Pty Ltd
729.479	ordinary	JP Morgan Nominees Australia Pty JP Morgan Nominees Australia Pty Ltd
			Australasia Pty Ltd
1,910,617		BNP Paribas Fund Services Australasia Pry Ltd ordinary	BNP Paribas Fund Services
				Partners (Australia) Limited
118,339	prdinary	Citicarp Nominees Pty Ltd	Citicorp Nominees Pty Ltd	BNP Paribas Investment
Class and Number of Securities		Registered Holder of Securities Persons Entitled to be Registered as Holder		Holder of Relevant Intereset

This is Annexure A of 1 page referred to in Form 603 - Notice of Initial Substantial Shareholder.

$\frac{1}{\sqrt{2}}\sum_{i=1}^{n}$

Name
Capacity

Troy Daly
Authorised Signatory

$\sum_{\zeta}$

					UNDERLAND
Holder of Relevant	Date of
Interest	Acquisition	Consideration Cash	Non-Cash	Class and Number of Securities	Registered Holder	Portfolio Name
BNP Paribas Investment	7/03/2011	5,112,786		1,031,610 ordinary shares	BNP Paribas Fund	BNP Paribas Investment Partners
Partners (Australia) Limited 2/05/2011					Services Australasia Limited	(Australia) Limited - AFFAEQ
Partners (Australia) Limited 2/05/2011 BNP Paribas Investment	7/03/2011	608,066		122,614 ordinary shares	Services Australasia BNP Paribas Fund Limited	BNP Paribas Investment Partners (Australia) Limited - AFFCAE
Partners (Australia) Limited 7/04/2011 BNP Paribas Investment	7/03/2011	22,771		43,819 ordinary shares	Services Australasia BNP Paribas Fund Limited	BNP Paribas Investment Partners (Australia) Limited - AFFLSE
Partners (Australia) Limited 2/05/2011 BNP Paribas Investment	7/03/2011	3,748,916	ï	756,393 ordinary shares	Services Australasia BNP Paribas Fund Limited	BNP Paribas Investment Partners (Australia) Limited - AMPAEQ
Partners (Australia) Limited 2/05/2011 BNP Paribas Investment	7/03/2011	586,403		ordinary shares 118,339	Citicarp Nominees Pty Limited	BNP Paribas Investment Partners (Australia) Limited - ASBAEQ
Partners (Australia) Limited 2/05/2011 BNP Paribas Investment	7/03/2011	1,500,429		302,742 ordinary shares	JP Morgan Nominees Aust Pty Ltd	BNP Paribas Investment Partners (Australia) Limited - EIFAEQ
	7/03/2011 2/05/2011	1,594,833	$\mathbf{I}$	ordinary shares 321,373	National Nominees Pty Ε	BNP Paribas Investment Partners (Australia) Limited - ESSAEQ
Partners (Australia) Limited 2/05/2011 BNP Paribas Investment	7/03/2011	7,103,735	Ţ	ordinary shares 1,434,111	National Nominees Pty Ξ	BNP Paribas Investment Partners (Australia) Limited - GESBEQ
Partners (Australia) Limited 7/04/2011 BNP Paribas Investment	7/03/2011	11,367,728	۱	ordinary shares 2,236,371	U8S	BNP Paribas Investment Partners (Australia) Limited - INGLSE
Partners (Australia) Limited 2/05/2011 BNP Paribas Investment	7/03/2011	2,114,942	1	ordinary shares 426,737	JP Morgan Nominees Aust Pty Ltd	BNP Paribas Investment Partners (Australia) Limited - LIFAEQ
Partners (Australia) Limited 7/04/2011 BNP Paribas Investment	7/03/2011	3,021,278		ordinary shares 594,274	State Street Nominees Pty Ltd	BNP Paribas Investment Partners (Australia) Limited - RIMAGR

Additional
Information

Annexure B

		11,789,992		58,803,331
BNP Paribas Investment Partners (Australia) Limited - WSFAEQ	Westpac Nominees	265,269 ordinary shares	1,309,236	BNP Paribas Investment 7/03/2011 - Partners (Australia) Limited 2/05/2011
BNP Paribas Investment Partners (Australia) Limited - VWCAEQ	National Nominees Ply Ξ	115,982 ordinary shares	1 575,451	7/03/2011 Partners (Australia) Limited 2/05/2011 BNP Paribas Investment
BNP Paribas Investment Pariners (Australia) Limited - UNIAUD	National Nominees Pty ਥ	1,387,424 ordinary shares	6,876,192	BNP Paribas Investment 7/03/2011- Partners (Australia) Limited 2/05/2011
National Nominees Ply BNP Paribas Investment Partners (Australia) Limited - TACAEQ	Ξ	85,780 ordinary shares	425,694	7/03/2011 - Partners (Australia) Limited 2/05/2011 BNP Paribas Investment
BNP Paribas Investment Partners (Australia) Limited - SUNAEQ	National Nominees Pty E	1,244,986 ordinary shares	6,178,113	7/03/2011 Partners (Australia) Limited 2/05/2011 BNP Parbas Investment
BNP Paribas Investment Pariners (Australia) Limited - SSFAEQ	National Nominees Pty E	455,876 ordinary shares	2,262,353	7/03/2011 - Partners (Australia) Limited 2/05/2011 BNP Paribas Investment
BNP Paribas Investment Partners (Australia) Limited - RIMASF	State Street Nominees Phy Lid	846,292 ordinary shares	4,194,405	7/03/2011- Partners (Australia) Limited 2/05/2011 BNP Paribas Investment

This is Annexure B of 2 page/s referred to in Form 603 - Notice of Initial Substantial Shareholder.

Troy Daly
Authorised Signatory $\frac{1}{2}$ $\frac{1}{2}$ Name
Capacity Date

Ĩ,
j

lame	Address
iticorp Nominees Pty Ltd	GPO Box 764G Melbourne VIC 3001
State Street Nominees Pty Ltd	338 Pitt Street Sydney NSW 2000
Goldman Sachs (Asia) L.L.C.	68th Floor, Cheung Kong Center, 2 Queen's Road,
	Central, Hong Kong
BNP Paribas Fund Services Australasia Pty Ltd	60 Castlereagh Street Sydney NSW 2000
IP Morgan Nominees Australia Pty Ltd	Level 36 AAP Centre 259 George Street Sydney
9S Di	Level 16 Chilley Tower 2 Chilley Square SYDNEY
lational Nominees Pty Limited	500 Bourke Street Melbourne VIC 3000
HSBC Custody Nominees (Australia) Ltd	HSBC Centre, 580 George Street, Sydney NSW

This is Annexure C of 1 page referred to in Form 603 - Notice of Initial Substantial Shareholder.

$\lim_{\text{Data}} 3|S||1|$

Signed

Name
Capacity

Troy Daly
Authorised Signatory S