CSL Ltd. — Director's Dealing 2004

Aug 30, 2004

Appendix 3Y

3.19.4.2

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 Limited
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	Brian McNamee
Date of last notice	28 April 2004

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 interest.
Nature of indirect interest. (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	31 August 2004.
No. of securities held prior to change	770,651 ordinary shares. 100,000 share options. 70,000 performance rights.
Class	Ordinary shares.
Number acquired	100,000.
Number disposed	Nil.
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Consideration paid for the purchase of shares was \$893,000 (being 100,000 shares issued as a result of the exercise of 100,000 SESOP II options at an exercise price of \$8.93 per share).

⁺ See chapter 19 for defined terms.

No. of securities held after change	870,651 ordinary shares. 70,000 performance rights.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in bay-back-	Exercise of options under CSL's Senior Executive Share Ownership Plan II approved by shareholders at General Meeting on 20 November 1997.

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

Peter Turvey Company Secretary

31 August 2004

⁺ See chapter 19 for defined terms.