CSL Ltd. — Director's Dealing 2003

Oct 29, 2003

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	. --------------------------------------- CSL ED 1 M T www.www.www.www.ww.www.com .
EMMONDONAMENTELLEREN ABN --------------------------------------	---------------------------------- 588 348 99 051 ---------------------------------------

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	MR TONY CIPA .
Date of last notice	23 OCTOBER 2003 .

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	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Holder of Performance Rights under the CSL Limited Performance Rights Plan (the Plan). Subject to satisfaction of certain performance hurdles and the other rules of the Plan, each Performance Right carries the right to subscribe for or acquire one ordinary share in CSL Limited for no consideration.
Date of change	27 October 2003
No. of securities held prior to change	No Performance Rights held prior to the date of this notice (Mr Cipa also holds 8,105 ordinary shares and 100,954 share options)
Class	Performance Rights
Number acquired	20,000
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	8,105 ordinary shares 100,954 share options 20,000 Performance Rights

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
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

Edward Bailey Assistant Company Secretary 29 October 2003