CAR GROUP LIMITED — Major Shareholding Notification 2019

Jun 4, 2019

Form 603

Corporations Act 2001
Section 671B

Notice of initial substantial holder

To Company Name/Scheme	Carsales.com Limited
ACN/ARSN	074 444 018
1. Details of substantial holder (1)
Name	Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those
ACN/ARSN (if applicable)	listed in Annexure A) N/A
The holder became a substantial holder on	30 May 2019*

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:

. Class ırıtıes 14 ΩŤ	------------ — Num* ıber securities ΩТ	-------------- _____ $\cdot$ $-$ ersor votes ′∽ ៶ບ ---------------------	------------- nower 16 . otin∈ __ _______
)rdi . по _________	288 --- 4 C . . . __ ______	554 - 285 -	$.029\%$ 70 _________

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
Vanguard Group	Vanguard Group is the manager of various Mutual funds and accounts and in that capacity has the power to dispose of the shares. The other members of Vanguard Group have a relevant interest under section 608(3) of the Corporations Act.	Ordinary - 12,288,551

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	Registered holder of	Person entitled to be	Class and
interest	securities	registered as holder (8)	number of
			securities
Vanguard Group	Brown Brothers Harriman	Various funds and accounts of Vanguard Group	Ordinary $-$ 76,280
Vanguard Group	BNY Mellon	Various funds and accounts of Vanguard Group	Ordinary $-$ 815,947
Vanguard Group	JP Morgan Chase Bank, N.A.	Various funds and accounts of Vanguard Group	Ordinary $-$ 5.852,627
Vanguard Group	State Street Bank and Trust Company	Various funds and accounts of Vanguard Group	Ordinary $-$ 1,670,336
Vanguard Group	Various others	Various funds and accounts of Vanguard Group	Ordinary $-$ 3,873,361

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:

r of relevant interest Holder	(9 ⊃ate of ⊦of acquisition Consideration		Class and number securities Ω1
------------- See Annexure A --------------- -------- ------- ----

6. Associates

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

' ACN/ARSN Name and applicable) -111 .	Nature Ωt лапол
N/A	N/A
_	_________

7. Addresses

$\bar{z}$

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

$\bar{z}$

Name	Address
Vanguard Group	P.O. Box 2600, V26 Valley Forge, PA 19482 USA
$p$ rint name $\frac{\sum_{i=1}^{n} A_i}{\sum_{i=1}^{n} A_i}$ sign here Service	capacity www.commental.com/comment/ date 4 June 2019

To Company
ACN/ARSN

Carsales.com Limited
074 444 018

Substantial Holder Name ACN/ARSN

Vanguard Group $N/A$

		Nature of	Consideration given in relation		Number of securities Person's votes
Date of change	Person whose relevant interest changed	Change(6)	to change(7)	Class	affected	affected
	1-Feb-2019 The Vanguard Group, Inc.	SELL	12.43	Ordinary	(4, 440)	(4,440) (5,550)
	1-Feb-2019 The Vanguard Group, Inc.	SELL	12.43	Ordinary	(5,550) 3,090	3,090
	5-Feb-2019 The Vanguard Group, Inc. 7-Feb-2019 The Vanguard Group, Inc.	BUY SELL	12.61 12.28	Ordinary Ordinary	(2, 288)	(2, 288)
	7-Feb-2019 The Vanguard Group, Inc.	SELL	12.28	Ordinary	(4, 440)	(4, 440)
	8-Feb-2019 The Vanguard Group, Inc.	SELL	12.18	Ordinary	(3, 330)	(3,330)
	13-Feb-2019 The Vanguard Group, Inc.	SELL	11.52	Ordinary	(7, 770)	(7, 770)
	14-Feb-2019 The Vanguard Group, Inc.	BUY	11.38	Ordinary	6,840	6,840
	15-Feb-2019 The Vanguard Group, Inc.	SELL	12.08	Ordinary	(4, 440)	(4, 440)
	21-Feb-2019 The Vanguard Group, Inc.	BUY	12.50	Ordinary	1,767	1,767
	22-Feb-2019 The Vanguard Group, Inc.	SELL	12.80	Ordinary	(5,550)	(5,550)
	25-Feb-2019 The Vanguard Group, Inc.	SELL	12.88	Ordinary	(2, 220)	(2, 220)
	25-Feb-2019 The Vanguard Group, Inc.	SELL	12.88	Ordinary	(2, 220)	(2, 220)
	25-Feb-2019 The Vanguard Group, Inc.	SELL	12.88	Ordinary	(3,330)	(3,330)
	26-Feb-2019 The Vanguard Group, Inc.	BUY BUY	12.72 13.08	Ordinary Ordinary	2,025 3,545	2,025 3,545
	1-Mar-2019 The Vanguard Group, Inc.	BUY	13.08	Ordinary	284	284
	1-Mar-2019 The Vanguard Group, Inc. 4-Mar-2019 The Vanguard Group, Inc.	BUY	12.92	Ordinary	22.153	22,153
	5-Mar-2019 The Vanguard Group, Inc.	BUY	12.65	Ordinary	2,430	2,430
	8-Mar-2019 The Vanguard Group, Inc.	BUY	12.69	Ordinary	2,025	2,025
	15-Mar-2019 The Vanguard Group, Inc.	SELL	12.82	Ordinary	(785)	(785)
	20-Mar-2019 The Vanguard Group, Inc.	BUY	12.50	Ordinary	1,215	1,215
	27-Mar-2019 The Vanguard Group, Inc.	SELL	12.23	Ordinary	(2, 264)	(2, 264)
	1-Apr-2019 The Vanguard Group, Inc.	BUY	12.61	Ordinary	1,620	1,620
	1-Apr-2019 The Vanguard Group, Inc.	BUY BUY	12.57 12.98	Ordinary Ordinary	1,851 55,583	1,851 55,583
	3-Apr-2019 The Vanguard Group, Inc. 24-Apr-2019 The Vanguard Group, Inc.	BUY	13.43	Ordinary	5,750	5,750
	26-Apr-2019 The Vanguard Group, Inc.	BUY	13.53	Ordinary	2,025	2,025
	6-May-2019 The Vanguard Group, Inc.	SELL	13.47	Ordinary	(1,716)	(1,716)
	7-May-2019 The Vanguard Group, Inc.	BUY	13.63	Ordinary	68,685	68,685
	8-May-2019 The Vanguard Group, Inc.	SELL	13.52	Ordinary	(1,716)	(1,716)
	8-May-2019 The Vanguard Group, Inc.	BUY	13.54	Ordinary	4,848	4,848
	9-May-2019 The Vanguard Group, Inc.	BUY	13.71	Ordinary	2,430 325	2,430 325
	10-May-2019 The Vanguard Group, Inc. 14-May-2019 The Vanguard Group, Inc.	BUY SELL	13.67 13.66	Ordinary Ordinary	(1, 716)	(1,716)
	14-May-2019 The Vanguard Group, Inc.	BUY	13.66	Ordinary	71,739	71,739
	15-May-2019 The Vanguard Group, Inc.	BUY	13.58	Ordinary	12,904	12,904
	16-May-2019 The Vanguard Group, Inc.	BUY	13.81	Ordinary	4,234	4,234
	23-May-2019 The Vanguard Group, Inc.	SELL	13.87	Ordinary	(3,604)	(3,604)
	28-May-2019 The Vanguard Group, Inc.	BUY	13.63	Ordinary	2,025	2,025
	28-May-2019 The Vanguard Group, Inc.	BUY	13.73	Ordinary	5,514	5,514
	29-May-2019 The Vanguard Group, Inc.	BUY	13.62	Ordinary Ordinary	3,396 (225)	3,396 (225)
	29-May-2019 The Vanguard Group, Inc. 30-May-2019 The Vanguard Group, Inc.	SELL. BUY	13.65 13.45	Ordinary	74,278	74,278
	1-Feb-2019 Vanguard Investments Australia Ltd.	SELL.	12.44	Ordinary	(5,420)	(5, 420)
	4-Feb-2019 Vanguard Investments Australia Ltd.	BUY	12.47	Ordinary	9,229	9,229
	5-Feb-2019 Vanguard Investments Australia Ltd.	SELL	12.55	Ordinary	(13, 790)	(13, 790)
	7-Feb-2019 Vanguard Investments Australia Ltd.	BUY	12.34	Ordinary	4,100	4,100
	12-Feb-2019 Vanguard Investments Australia Ltd.	SELL	12.18	Ordinary	(11, 188)	(11, 188)
	12-Feb-2019 Vanguard Investments Australia Ltd.	BUY	12.18	Ordinary	2,056	2,056 2,299
	19-Feb-2019 Vanguard Investments Australia Ltd. 25-Feb-2019 Vanguard Investments Australia Ltd.	BUY BUY	12.43 12.91	Ordinary Ordinary	2,299 7,479	7,479
	26-Feb-2019 Vanguard Investments Australia Ltd.	BUY	12.72	Ordinary	3,111	3,111
	26-Feb-2019 Vanguard Investments Australia Ltd.	BUY	12.72	Ordinary	2,090	2,090
	5-Mar-2019 Vanguard Investments Australia Ltd.	BUY	12.65	Ordinary	13,376	13,376
	15-Mar-2019 Vanguard Investments Australia Ltd.	BUY	12,83	Ordinary	7,932	7,932
	15-Mar-2019 Vanguard Investments Australia Ltd.	BUY	12.82	Ordinary	795	795
	15-Mar-2019 Vanguard Investments Australia Ltd.	SELL	12.82	Ordinary	(2,651)	(2,651)
	21-Mar-2019 Vanguard Investments Australia Ltd.	BUY	12.53	Ordinary	12,114	12,114
	1-Apr-2019 Vanguard Investments Australia Ltd.	SELL BUY	12.57 12.57	Ordinary Ordinary	(11, 235) 12,259	(11, 235) 12,259
	1-Apr-2019 Vanguard Investments Australia Ltd.
	2-Apr-2019 Vanguard Investments Australia Ltd.	BUY	12.84	Ordinary	9,779	9,779

Annexure A

			Consideration
		lNature of	given in relation		Number of securities Person's votes
Date of change	Person whose relevant interest changed	Change(6)	to change(7)	Class	affected	affected
	2-Apr-2019 Vanguard Investments Australia Ltd.	BUY	12.85	Ordinary	1,456	1,456
	8-Apr-2019 Vanguard Investments Australia Ltd.	ibuy.	13.20	Ordinary	1,664	1,664
	9-Apr-2019 Vanguard Investments Australia Ltd.	BUY	12.96	Ordinary	73,573	73,573
	16-Apr-2019 Vanguard Investments Australia Ltd.	BUY	13.27	Ordinary	9,285	9,285
	30-Apr-2019 Vanguard Investments Australia Ltd.	BUY	13.46	Ordinary	2,484	2,484
	1-May-2019 Vanguard Investments Australia Ltd.	BUY	13.50	Ordinary	8,135	8,135
	1-May-2019 Vanguard Investments Australia Ltd.	BUY	13.49	Ordinary	541	541
	1-May-2019 Vanguard Investments Australia Ltd.	BUY	13.49	Ordinary	709	709
	1-May-2019 Vanguard Investments Australia Ltd.	BUY	13.50	Ordinary	10,686	10,686
	10-May-2019 Vanguard Investments Australia Ltd.	BUY	13.67	Ordinary	1,863	1,863
	15-May-2019 Vanguard Investments Australia Ltd.	SELL	13.63	Ordinary	(9,021)	(9,021)
	16-May-2019 Vanguard Investments Australia Ltd.	BUY	13.63	Ordinary	10,687	10,687
	17-May-2019 Vanguard Investments Australia Ltd.	BUY	13.91	Ordinary	2,070	2,070
	21-May-2019 Vanguard Investments Australia Ltd.	BUY	13.84	Ordinary	2,070	2,070
	27-May-2019 Vanguard Investments Australia Ltd.	SELL	13.62	Ordinary	(5, 183)	(5, 183)
	28-May-2019 Vanguard Investments Australia Ltd.	BUY	13.73	Ordinary	5,198	5,198
	28-May-2019 Vanguard Investments Australia Ltd.	BUY	13.73	Ordinary	2,530	2,530
	29-May-2019 Vanguard Investments Australia Ltd.	SELL	13.64	Ordinary	(7,590)	(7,590)
	29-May-2019 Vanguard Investments Australia Ltd.	BUY	13,65	Ordinary	2,106	2,106
	30-May-2019 Vanguard Investments Australia Ltd.	BUY	13.49	Ordinary	17,087	17,087

This is Annexure A of 2 pages referred to in Form 603, Notice of initial substantial holder.

$\Delta$

$\epsilon$ $Signature \approx$

Name: Shawn Acker

Capacity: Compliance Manager

Date: 4/06/2019

$\sim$