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 LIMI 11. L
ABN	_________ 99 051 588 348

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	DR BRIAN A MCNAMEE
Date of last notice	25 FEBRUARY 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 (Dr McNamee also holds 770,333 ordinary shares and 100,000 share options)
Class	Performance Rights
Number acquired	30,000
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	770,333 ordinary shares 100,000 share options 30,000 Performance Rights

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan,	Grant of Performance Rights pursuant to the Plan as a long term incentive for
participation in buy-back	Dr McNamee, as authorised by shareholders at the 2003 Annual General Meeting.

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