CSL Ltd. — Major Shareholding Notification 2002

Nov 21, 2002

22-NOV-2002 - 12:38	FROM GRÖÜP SECRETARIAT N	01300300021 TП	P.01/07
	Notice of Initial substantial holder	Form 603 Corporations Law Section 671B
To:Company Name/Scheme	The Secretary CSL Limited 45 Poplar Road PARKVILLE VIC 3052		CSL
ACN/ARSN	ACN 051 588 348 $FAx$ ; 9389 1434
1. Details of substantial shareholder
Name ACN (if a pplicable)	National Australia Bank Limited Group (ACN 004 044 937) being comprised of the bodies corporate listed in Annexure A and which includes National Asset Management Limited ACN 062 806 884 (0.02%) National Australia Trustees Limited ACN 007 350 405 (0.03%) FlexiPlan Australia Limited ACN 056 678 427 (0.07%) Godfrey Pembroke Financial Services Limited ACN 003 059 541 (0.01%) MLC Limited ACN 000 000 402 (3.38%) MLC Investments Limited ACN 002 641 661 (1.34%) MLC Lifetime Company Limited ACN 000 000 420 (0.23%)
2. Details of voting power	The holder became a substantial holder on 20/11/2002 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 had a relevant interest in on the date the substantial holder became a substantial holder are as follows:

. Class of securities	Number of securities	. ---- Persons' votes	Voting power
Ordinarv $-$	8,071,694 .	8,071,694	---- 5.08%
	-----		.

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 E	Class and number of securities
FlexiPlan Australia Limited	Power to control voting and/or disposal of securities	Ordinarv 119.275
Godfrey Pembroke Financial Services Limited	Power to control voting and/or disposal of securities	Ordinary 10,992
MLC Limited	Power to control voting and/or disposal of securities	Ordinary 5,367,864
MLC Investments Limited	Power to control voting and/or disposal of securities	Ordinary 2 137 775
MLC Lifetime Company Limited	Power to control voting and/or disposal of securities	Ordinary 361.768
National Asset Management Limited	Power to control voting and/or disposal of securities	Ordinary 31,950
National Australia Trustees Limited	Power to control voting and/or disposal of securities	Ordinary 42,070
TOTAL		8,071,694

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 securities	Person entitled to be registered as holder	Class and number of securities
		Sub-total
FlexiPlan Australia Limited	Global Services Australia Pty Limited		Ordinary 119,275
Godfrey Pembroke Financial Services Limited	Global Services Australia Pty Limited		Ordinary 10,992
MLC Limited	Westpac Custodian Nominees Limited (ACN 002 861 565)		Ordinary 5,367,864
MLC Investments Limited	Westpac Custodian Nominees Limited		Ordinary 2,137,775
MLC Lifetime Company Limited	Westpac Custodian Nominees Limited		Ordinary 361,768
National Asset Management Limited	National Australia Financial Management Limited (ACN 000 176 116) National Nominees Limited (ACN 004 278 899)		Ordinary 27,300 Ordinary 4,650
		Sub total	31,950
National Australia Trustees Limited	Unknown		Ordinary 42.070

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		Class and number of securities
		Cash	Non-cash
MLC Limited	01/07/2002 to 20/11/2002	\$16.16 to \$31.87		Ordinary 2,484,187
MLC Investments Limited	01/07/2002 to 20/11/2002	\$16.16 to \$31.87		Ordinary 999,041
MLC Lifetime Company Limited	01/07/2002 to 20/11/2002	\$16.16 to \$31.87		Ordinary 174,076
National Australia Trustees Limited	03/07/2002 to 20/11/2002	\$17.48 to \$32.95		Ordinary 5,170

6. Associates

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

Name and ACN/ARSN (if applicable	Nature of association
FlexiPlan Australia Limited ACN 056 678 427	Is a related body corporate of National Australia Bank Limited
Godfrey Pembroke Financial Services Limited ACN 003 059 541	Is a related body corporate of National Australia Bank Limited
MLC Limited ACN 000 000 402	Is a related body corporate of National Australia Bank Limited
MLC Investments Limited ACN 002 641 661	Is a related body corporate of National Australia Bank Limited
MLC Lifetime Company Limited ACN 000 000 420	Is a related body corporate of National Australia Bank Limited
National Asset Management Limited ACN 062 806 884	Is a related body corporate of National Australia Bank Limited
National Australia Trustees Limited ACN 007 350 405	Is a related body corporate of National Australia Bank Limited

7. Addresses

Name	Address
FlexiPlan Australia Limited	Level 16 216 St George Terrace PERTH WA 6000
Godfrey Pembroke Financial Services Limited	Level 13 24 Market Street SYDNEY NSW 2000
Global Services Australia Pty Limited	Level 18 56 Pitt Street SYDNEY NSW 2000
MLC Limited	Level 10 105-153 Miller Street NORTH SYDNEY NSW 2060
MLC Investments Limited	Level 4 105-153 Miller Street NORTH SYDNEY NSW 2060
MLC Lifetime Company Limited	Level 6 105-153 Miller Street NORTH SYDNEY NSW 2060
National Asset Management Limited	Level 6 105-153 Miller Street NORTH SYDNEY NSW 2060
National Australia Bank Limited	Level 24 500 Bourke Street MELBOURNE VIC 3000
National Australia Financial Management Limited	Level 6 105-153 Miller Street NORTH SYDNEY NSW 2060
National Australia Trustees Limited	Level 7 105-153 Miller Street NORTH SYDNEY NSW 2060
National Nominees Limited	Level 24 500 Bourke Street MELBOURNE VIC 3000
Westpac Custodian Nominees Limited	Level 9 50 Pitt Street SYDNEY NSW 2000

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

Signature
	print name	Susan Elizabeth Crook	Capacity Associate Company Secretary for and on behalf of National Australia Bank Limited
	signature		date

$\sim 10^{11}$ km s $^{-1}$

22-NOV-2002 12:39 FROM GRÖÜP-SECRETARIAT N - TO 01300300021 - P.04/07

N

ANNEXURE A

This is Annexure A of three pages referred to in the Form 603 Notice of initial substantial holder signed by me and dated $22$ $11/22$

$\leq$ or $\mathbb{C}$ Susan Elizabeth Crook Associate Company Secretary

National Australia Bank Limited Group

National Equities Limited

National Australia Group (NZ) Limited BNZ International Australia Limited BNZ Securities Australia Limited Partown Pty Limited Bank of New Zealand BNZ Funding Limited BNZ International (Hong Kong) Limited BNZ Investments Limited BNZ Equipment Limited BNZ International Limited Amber Liquid Investments Limited BNZ Corporation Limited BNZI Securities (No 1) Limited BNZI Securities (No 2) Limited BNZ Property Investments Limited BNZ Branch Properties Limited BNZ Properties (Auckland) Limited BNZ Properties Limited Flamingo Holdings Incorporated Iraklis Eleven Limited Interchange and Settlement Limited National Australia Ltd Maroro Leasing Limited New Zealand Card Services Limited Quill Financing Limited Peterel Financing Limited Custom Fleet (NZ) Limited Screen Holdings Limited Screen Holdings No. 2 Limited Screen Holdings No. 3 Limited Screen Holdings No. 4 Limited Screen Holdings No. 5 Limited Screen Holdings No. 6 Limited BNZ Capital Guaranteed Growth Fund Limited Bank of New Zealand Associated Companies Electronic Transaction Services Ltd Loyalty New Zealand Limited Mondex New Zealand Limited

National Americas Investment, Inc. MSRA Holdings, Inc. SR investment, Inc. HomeSide Lending, Inc. HMC Financial, Inc. National Global MBS Manager, Inc. National Mortgage Securities, Inc. MSR Services Corporation SR Funding Corporation SR Solutions, Inc. Fortress Investments, Corp.

National Wealth Management Holdings Limited

National Wealth Management Services Limited National Australia Management Services Pty. Ltd. MLC Management Limited MLC Asia Ltd

National Australia Financial Management Limited MLC Corporate Services Asia Pte Limited PT MLC Investment Indonesia Ltd National Corporate Investment Services Limited MLC Funds Management Limited GWM Adviser Services Limited Godfrey Pembroke Limited National Australia Fund Management Limited National Asset Management Limited NAM NT Rail Pty Limited National Australia Financial Planning Pty Limited (In liquidation) National Australia Superannuation Ptv. Ltd. NAFM Investments Pty. Ltd. JANA Investment Advisers Pty Limited Superannuation for Australian Corporate Employees Pty Ltd Wealth Management & Community Fund Pty Ltd (Not yet established) MLC Holdings Limited Your Prosperity Limited MLC investments Limited Australian Eagle Life Limited (In liquidation) MLC Computer Pty Limited Apogee Financial Planning Limited MLC Limited ThreeSixty Limited Godfrey Pembroke Financial Services Limited Firs&T Pty Limited (In liquidation) Heritage Management Limited Plum Financial Services Limited PLUMFS Limited PFS Nominees Pty Ltd FlexiPlan Australia Limited Medfin Australia Pty Limited MLC Properties Pty Limited MLC Nominees Pty Ltd MLC Coal Investment Pty Ltd Messenia Pty Limited Fortuitous Assets Ltd Sophisticated Assets Ltd Eight Star Group Ltd Stable Markets Holdings Ltd HKMLC Holdings Ltd MLC (Hong Kong) Ltd
MLC Trustees (Hong Kong) Ltd SMMR (Thailand) Co. Ltd Tun Chargen Ltd Advance MLC Assurance Company Limited PT MLC Life Indonesia MLC Lifetime Company Limited Australian Eagle Nominees Pty Limited Whitechapel Investments Pty Ltd (In liquidation) 003 311 635 Pty Limited (In liquidation) Blantyre Pty Ltd (In liquidation)
Cameron Close Pty Ltd (In liquidation)
008 031 427 Pty Ltd (In liquidation) 007 602 619 Pty Ltd (In liquidation) Parkland Villas Pty Ltd (In liquidation) Capita Properties Pty Ltd Tropical Breeze, Inc. National Wealth Management International Holdings Limited National Europe Holdings (Wealth Management) Limited National Australia Life Company Ltd National Australia Life Services Ltd National Australia Insurance Services Limited MLC Savings Limited MLC Trust Management Ltd Clydesdale Bank Insurance Brokers Limited Northern Bank Insurance Services Ltd. National Wealth Management New Zealand Holdings Limited BNZ Investment Management Limited BNZ Life Insurance Limited BNZ Nominees Limited

National Australia Group Europe Limited

National Americas Holdings Ltd

National Australia Group Europe Investments Ltd

N

National Australia Group Europe PHC Limited National Australia Group Europe Finance B.V. NAGEO B.V. Angara Limited Ariodante Limited PFA Limited

National Europe Holdings Limited National Australia Group Europe Services Ltd National Europe Holdings (Ireland) Limited Northern Bank Limited Causeway Credit Ltd. Northern Bank Commercial Leasing Ltd. Northern Bank Equipment Leasing Ltd. Northern Bank Industrial Leasing Ltd. Northern Bank Nominaes Ltd. Northern Bank Pension Trust Ltd. Northern Asset Finance Ltd. Northern Bank Development Corporation Ltd. Northern Bank Executor & Trustee Co. Ltd. Northern Bank Factors Ltd. Northern Bank Financial Services Ltd. Nordev Properties Ltd. Project Development (Balmoral) Ltd. Northern Bank (I.O.M.) Ltd Northern Bank Trust Company (I.O.M.) Ltd. NAM Nominees Limited Mora Property Development Co Limited (20% NBL) Kensington Hotel (Belfast) Limited (20% NBL) National Irish Bank Limited Collinstown Property Holding Co Ltd Forward Trust (ireland) Ltd. National Australia Group SSP (ROI) Trustee Ltd National Irish Bank Financial Services Ltd. National Irish Bank Leasing Ltd. National Irish Bank Nominees Ltd. National Irish Bank Pensions Ltd. Angelsea Assets Ltd HomeSide Lending (Ireland) Limited National Irish Investment Bank Ltd. National Irish Investment Bank Nominees Ltd. National trish Investment Bank Pensions Ltd. Norfin Investments Ltd. National Europe Holdings (GB) Limited National Australia Bank (GB) Limited National Australia UK Pension Trustee Ltd Amber Liquid (UK) Investments Limited National Australia Group SSP Trustee Ltd National Australia Finance (Commercial Leasing) Limited National Australia Finance (Equipment Leasing) Limited National Australia Finance (Industrial Leasing) Limited
National Australia Finance (Industrial Leasing) Limited The Deep in Hull Limited

Clydesdale Bank PLC CB House Purchase Limited National Australia Group CIF Trustee Ltd CB Nominees Limited CB Shelfco No. 1 Limited (In liquidation) CB Trustee Nominees Limited Clydesdale Bank Custodian Nominees Limited
Clydesdale Bank Custodian Nominees Limited Clydesdale Bank Asset Finance Limited Clydesdale Bank Pension Trustee Limited Clydesdale Europe Finance Limited CGF No. 3 Limited CGF No. 6 Limited CGF No. 9 Limited CGF No. 12 Limited Clydesdale Bank (Head Office) Nominees Ltd Clydesdale Bank (London) Nominees Limited
Clydesdale Bank (Piccadilly) Nominees Limited North of Scotland Bank Limited Warren Collections Limited Clydesdale Trustee & Custodial Services (Ireland) Ltd (In liquidation) Clydesdale Corporate Investment Services (Ireland) Ltd (In liquidation) Clydesdale Ireland Securities Nominees Limited (in liquidation)

Yorkshire Bank PLC

Yorkshire Bank Retail Services Ltd. Fairhaisen Collections Ltd. Storecard Ltd. Eden Vehicle Rentals Ltd. Yorkshire Bank Finance Ltd. Yorkshire International Finance B.V. Northern and General Finance Ltd. Yorkshire Bank Equipment Leasing Ltd. Yorkshire Bank Commercial Leasing Ltd Allerton House Properties Limited YB Lease Ltd. Yorlease Ltd Yorkshire Bank Home Loans Ltd. Yorkshire Bank Investments Ltd. Yorkshire Bank Financial Services Ltd Yorbank Nominees Ltd. Yorkshire Bank Nominees Ltd. Brunswick Collection Services Ltd I YB Trust Company Ltd. North British Finance Group Ltd. MSRA UK Limited North British Motor Finance Ltd North British Finance Ltd EVR Limited Custom Fleet Limited

National Australia Group Services Limited

Custom Lease Pty. Limited (In Ilquidation) Custom Service Leasing Limited Canudos Limited (In liquidation) Dinant Limited (In liquidation) Exchange Hiring Limited (In liquidation) Hegira Limited Laura Pty. Limited Lavailette Pty. Limited Layang Pty. Limited (In liquidation) Nosciter Limited (In liquidation) NSW Housing No. 1 Pty. Limited
Omnibus Leasing (1978) Limited Rail Leasing Limited River Boyne Pty. Limited River Embley Pty. Limited Roma Street Limited (in liquidation) Webb Dock No. 5 Container Terminal Limited (In liquidation) Zermatt Limited Fleet Systems Pty. Limited National Capital Guaranteed Fund Limited

NBA Properties Limited

CBC Holdings Limited CBC Properties Limited NBA Properties (Qld.) Limited NBA Properties (Vic.) Limited

Other companies

IMD Management Ltd

ARDB Limited Australian Banks' Export Re-finance Corporation Limited BOACT Pty Ltd Commercial Nominees Pty. Limited Erstfeld Pty Limited Groundsel Limited HICAPS Pty Limited DC One Pty Ltd DC Two Pty Ltd NAF Trustee Limited National Australia Corporate Advisory Limited NAB Investments Limited National Australia Corporate Services Limited Nautilus Insurance Pte. Ltd. NAB Finance (Ireland) Ltd National Australia Capital Markets, LLC NAB Capital LLC Matrix Film Investment One Pty Limited Matrix Film investment Two Pty Limited

National Australia Finance (Asia) Limited National Australia Funding (Delaware) Inc. National Australia Investment Capital Limited National Australia Investment Brokers Limited National Australia Leasing (Qld.) Pty. Limited National Australia Managers Limited National Australia Merchant Bank (Singapore) Limited National Australia Securities Limited National Australia Trustees Limited Bourke Street Nominees Pty. Limited National Australia Underwriters Limited National Infrastructure Investment No.1 Pty Ltd National Infrastructure Investment No.2 Pty Ltd National Infrastructure Investment No.3 Pty Ltd Asibond Pty Limited Valewin Pty Limited
A.C.N. 098 198 004 Pty Ltd A.C.N. 098 198 586 Pty Ltd National Nominees Limited National Nominees (London) Limited National Margin Services Pty Ltd NMS Nominees Pty Ltd National Markets Group Limited Australian Market Automated Quotation (Ausmaq) System Limited Ausmaq (NZ) Limited National OnLine Trading Limited National OnLine Trading Nominees Pty Ltd O₂-e Limited National eProcurement Ltd National eProcurement Australia Pty Ltd National eProcurement UK Ltd NBA Leasing Pty. Limited
VPL Securities Pty Limited Alice Corporation Pty Ltd (62% NAB) Harkay Limited Guidestar Financial Limited Guidestar Financial Group Limited Pinnacle Holdings NZ Ltd Vilexton Pty Limited Rycee 1 Pty Ltd Rycee 2 Pty Ltd Ryces 3 Pty Ltd Rycee 4 Pty Ltd Rycee 5 Pty Ltd Rycee 6 Pty Ltd National Australia Capital Securities (UK) PLC National Australia Securities (Jersey) Limited Loyalty Pacific Pty Ltd (50% NAB; 50% Coles Myer) FBP Awards Fund Pty Ltd (50% NAB; 50% Coles Myer)
Relationship Services Pty Limited Loyalty Pacific (Hong Kong) Ltd (50% RSPL) C.B.C. Investments Limited (In liquidation) C.B.C. Investments Services Limited (In liquidation) CSPL Securities Pty Limited (In liquidation) Custom Credit Holdings Limited (In liquidation) Custom Credit Corporation Limited (In liquidation) Carrington Confirmers Pty. Limited (In liquidation) Australian Equity Corporation Limited (in liquidation) First National Limited (In liquidation) First National Finance Limited (In liquidation) National Australia Limited (In Ilquidation)