CSL Ltd. — Major Shareholding Notification 2002

Nov 7, 2002

www.schroders.com

8 November 2002

By Facsimile: 1300 300 021 No. Pages: 6

The Manager Companies Section Australian Stock Exchange Limited 20 Bridge Street Sydney NSW 2000

Dear Sir

CSL Limited

Please find enclosed a Notice of Initial Substantial Shareholder in accordance with Sub Section 671B of the Corporations Act. The information represents the collation and reconciliation of holdings by six Schroder entities, five of which are international entities.

The Notice has been served on the Company's secretary today.

Yours faithfully

المستعمعة

Anne Gardiner Company Secretary

ä,

Form 603

Corporations Law Section 671B

Notice of initial substantial holder

	CSL Limited
To Company Name/Scheme
ACN/ABN/ARSN	99 051 588 348

1. Details of substantial holder (1)
Name	Schroder Investment Management Group
ACN/ABN/ARSN (if applicable)	22 000 443 274

The holder became a substantial holder on 07/11/02 $\mathcal{A}$

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

Class of securities (4)	Number of securities	votes (5) Persons"	Voting power (6)
Ordinary Shares	8.128.558	8.128.558 0.	-12%

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
Schroder Investment Management (Japan) Limited ("SIMJP")	Ordinary Shares	53.232
Schroder Investment Management (Singapore) Limited ("SIMSL")	Ordinary Shares	3,800,092
Schroder Investment Management Limited Australia ("SIMAL")	Ordinary Shares	3.025.305
Schroder Investment Management North America ("SIMNA")	Ordinary Shares	1.087.800
Schroder Investment Management UK Limited ("SIMUK")	Ordinary Shares	124.965
Schroder Investment Management HK Limited ("SIMHK")	Ordinary Shares	77.250

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 securities	Person entitled to be registered as	Class and number of
interest		holder (8)	securities
SIMJP	Mitsubishi Trust Bank	Mitsubishi Trust Bank	53,232
SIMNA Ltd	Chase Nominees Limited	Chase Nominees Limited	625.200
SIMNA Ltd	Mellon Bank	Mellon Bank	126,400
SIMNA Ltd	Bangue Nationale du Canada	Banque Nationale du Canada	2,300
SIMNA Ltd	Bank of New York	Bank of New York	27,900
SIMNA Ltd	Chase Bournemouth	Chase Bournemouth	70.500
SIMNA Ltd	State Stree	State Street	111,500
SIMNA Ltd	Chase Bank	Chase Bank	100.300
SIMNA	Northern Trust	Northern Trust	23,200
SIMUK	Erste Bank	Erste Bank	7.062
SIMUK	Nortust Nominees	Nortust Nominees	10.017
SIMUK	State Street Bank & Trust Co	State Street Bank & Trust Co	2,900
SIMUK	Pictet & Cie	Pictet & Cie	4.900
SIMUK	Dresdner Bank	Dresdner Bank	26,200
SIMUK	Bank of New York	Bank of New York	40,036
SIMUK	Unibank Torvegade	Unibank Torvegade	11,500
SIMUK	Bankers Trust Co.	Bankers Trust Co.	11.900
SIMUK	Deutsche Bank	Deutsche Bank	10.400
SIMSL	Westpac Nominees, Australia	Westpac Nominees, Australia	748.154
SIMSL	Chase Nominees, Australia	Chase Nominees, Australia	2,414,264
SIMSL	National Australia Bank,	National Australia Bank,	259.703
	Melbourne	Melbourne

SIMSL	Citicorp Nominees Pty Ltd,	Citicorp Nominees Pty Ltd,	327 136
	Melbourne	Melbourne	66,326
SIMSL	ANZ Nominees Ltd, Sydney	ANZ Nominees Ltd, Sydney
SIMSL	Australia and New Zealand	Australia and New Zealand	3.490
	Banking	Banking
SIMHK	Westpac Custodian Nominees Ltd	Westpac Custodian Nominees Ltd	23,770
SIMHK	National Australia Bank,	National Australia Bank,	3.650
	Melbourne	Melbourne
SIMHK	National Nominees Limited	National Nominees Limited	27,040
SIMHK	JP Morgan Chase Bank	JP Morgan Chase Bank	5.400
SIMHK	Hongkong and Shanghai Banking	Hongkong and Shanghai Banking	10.990
	Corp Ltd, Sydney	Corp Ltd, Sydney
SIMHK	ANZ Banking Croup Ltd.	ANZ Banking Croup Ltd.	6,400
SIMAL	National Custodial Services,	National Custodial Services,	905,734
	Australia	Australia
SIMAL	CBA Custodial Services	CBA Custodial Services	178,057
SIMAL	Cogent Nominees Limited	Cogent Nominees Limited	475,741
SIMAL	Citicorp Nominees Limited	Citicorp Nominees Limited	192.910
SIMAL	JP Morgan Custodial Nominees	JP Morgan Custodial Nominees	980.153
SIMAL	Permanent Trustees	Permanent Trustees	9,999
SIMAL	RBC Custodial Services	RBC Custodial Services	15,151
SIMAL	Westpac Custodian Nominees	Westpac Custodian Nominees	267,560

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:

$\ddot{\phantom{a}}$

Holder of relevant interest	Date of acquisition	Consideration (9)		Class and number of
				securities
		Cash	Non-cash	ORDINARY SHARES
SIMJP	16/07/02	\$106, 193.73		3.599
SIMJP	23/07/02	\$61,820.01		2,135
SIMJP	24/07/02	\$113,281.61		3.926
SIMJP	25/07/02	\$69,475.23		2.398
SIMJP	26/07/02	\$107 977.62		3792
SIMJP	06/09/02	\$389,977.32		17,180
SIMJP	22/10/02	\$29,876.31		1.602
SIMJP	29/10/02	\$354.655.70		18,600
SIMUK	20.09.02	In-specie transter in		6,517.00
SIMUK	25.09.02	75740.35		3,500.00
SIMUK	27.09.02	In-specie		7,062.00
		transfer in
SIMUK	01/11/02	In-specie		40,086.00
		transfer in
SIMNA	10./10/02	In-specie transfer out		$-50,700.00$
SIMNA	09/10/02	182432.7		9,000.00
SIMSL	5/8/02	688,072.67		26,640
SIMSL	6/3/02	504,241.62		20,638
SIMSL	6/8/02	2,524,262.21		103,315
SIMSL	12/8/02	93,624.05		3,773
SIMSL	12/8/02	232,997.73		9,433
SIMSL	12/8/02	590,479.18		23,796
SIMSL	12/8/02	1,469,419.61		59,490
SIMSL	13/08/02	1,031,016.58		41,977
SIMSL	16/08/02	263,517.29		10,681
SIMSL	16/08/02	652, 822.97		34,567
SIMSL	22/08/02	(905.446.00)		(32, 570)
SIMSL	30/08/02		(143, 142.10)	(4,967)
SIMSL	30/08/02		299,276.00	13,012
SIMSL	3/9/02	158,801.68		7,000
SIMSL	3/9/02	1,576,673.82		69,500
SIMSL	6/9/02	477 824.37		21,050
SIMSL	6/9/02	389,977.32		17,180
SIMSL	6/9/02	543,652.90		23,950
SIMSL	6/9/02	283.516.69		12,490
SIMSL	6/9/02	226.767.95		9,990
SIMSL	6/9/02	349,118.23		15,380
SIMSL	6/9/02	2,468,432.73		109.900
SIMSL	6/9/02	234,939.77		10.350
SIMSL	6/9/02	44,945.00		1,980
SIMSL	6/9/02	498.480.91		21,960
SIMSL	6/9/02	690.972.62		30,440
simsl	6/9/02	2,786,362.99		122.750
SIMSL	6/9/02	130,976.08		5,770
SIMSL	6/9/02	51,073.86		2,250
SIMSL	6/9/02	979.710.20		43,160

				23,600
SIMSL	6/9/02	540, 247. 98		(4,662)
SIMSL	9/9/02		(134, 352.42)	170 046
SIMSL	11/9/02	3,804,203.50 40,076.90		1,670
SIMSL	18/09/02 24/09/02	3,953,563.01		182.000
SIMSL	24/09/02	79.056.67		3,632
SIMSL SIMSL	24/09/02	495,083.70		22,745
SIMSL	25/09/02	5,939,163.86		273,684
SIMSL	25/09/02	353,445.23		16,300
SIMSL	25/09/02	2,224,753.44		102,600
SIMSL	1/10/02	18.848.70		870
SIMSL	1/10/02	113,525.47		5,240
SIMSL	1/10/02		(721.698.30)	(28, 240) (10.086)
SIMSL	9/10/02		(249, 194. 85)	3,300
SIMSL	9/10/02	179,506.91 179,597.40		3,390
SIMSL	16/10/02 16/10/02	542,645.30		25,350
SIMSL	18/10/02	126,026.53		7.020
SIMSL SIMSL	18/10/02	5.037.777.55		279,370
SIMSL	21/10/02	67,700.37		3.673
SIMSL	21/10/02	455,042.63		24 655
SIMSL	22/10/02	39,592.63		2,123
SIMSL	22/10/02	29.876.31		1.602
SIMSL	22/10/02	41,103.23		2.204
SIMSL	22/10/02	16,696.34		906
SIMSL	22/10/02	16,075.76		862 500
SIMSL	22/10/02 22/10/02	9 3 24.69 27,339.99		1466
SIMSL	22/10/02	143,674,82		7,704
SIMSL	22/10/02	18,033.95		967
SIMSL SIMSL	22/10/02	9,324.69		500
SIMSL	22/10/02	36,515.49		1958
SIMSL	22/10/02	25,922.64		1.390
SIMSL	22/10/02	213,237.02		11,434
SIMSL	22/10/02	9.417.94		505
SIMSL	22/10/02	9,324.69		500
SIMSL	22/10/02	76,947.34		4.126 2.134
SIMSL	22/10/02	39,797.78 133,209,25		7.196
SIMSL	22/10/02 22/10/02	70,396.52		3,788
SIMSL SIMSL	22/10/02	894,645.60		48,329
SIMSL	22/10/02	472,704.80		25,436
SIMSL	22/10/02		(178, 536.13)	(7,663)
SIMSL	23/10/02	37,747.33		7.988
SIMSL	23/10/02	249.743.80		13,153
SIMSL	29/10/02	461,312.42		24,180
SIMSL	29/10/02	354,855.70		18,600
SIMSL	29/10/02	34,722.44		1.820 27,860
SIMSL	29/10/02 29/10/02	531.520.42 201,848.03		10,580
SIMSL SIMSL	29/10/02	191,736.55		10,050
SIMSL	29/10/02	327, 383.00		17,160
SIMSL	29/10/02	1,702,735.03		89,250
SIMSL	29/10/02	(399, 966.05)		(20, 987)
SIMSL	29/10/02	20,222.96		1.060
SIMSL	29/10/02	436,510.68		22,880
SIMSL	29/10/02	309.067.87		16,200 128,840
SIMSL	29/10/02 29/10/02	2,458,043.49 113,134.11		5,930
SIMSL SIMSL	29/10/02	35,485.57		1,860
SIMSL	29/10/02	920,717.00		48,260
SIMSL	29/10/02	476.002.68		24,950
SIMSL	1/11/02		1,039,531.37	58,714
SIMSL	1/11/02		444,696.49	25,117
SIMHK	23/07/02	1,722,252.54		59,189
SIMHK	24/07/02	710.724.57		24,561
SIMHK	03/10/02	19,670.84		1,000 6,719
SIMAL	08/07/02 11/07/02	208.383.74 1,550,408.39		53,857
SIMAL
SIMAL	12/07/02	1,071,282.81		35,962
SIMAL	15/07/02	723.934.78 1,066,334.39		24,310 36,381
SIMAL	16/07/02 17/07/02	1,115,043.75		38,490
SIMAL SIMAL	18/07/02	93,786.00		3,234
SIMAL	19/07/02	3,459,573.53		124,820
SIMAL	22/07/02	1,930,847.35		71,533
SIMAL	31/07/02	1,745,232.98		61,224
	31/07/02			20,355
SIMAL SIMAL	01/08/02	580,233.52 1,298,672.26		45,979

	01/08/02	757 725 93	26,827
SIMAL		1,087,863.67	42.245
SIMAL	05/08/02		196.659
SIMAL	06/08/02	4,790,534.58	16,063
SIMAL	12/08/02	397, 398.62
SIMAL	12/08/02	988,897.72	40,156
SIMAL	13/08/02	886,441.11	36,199
SIMAL	16/08/02	1.165,837.33	47,396
SIMAL	30/05/02	1,717,695.00	75,000
SIMAL	02/09/02	1,774,505.04	78,600
SIMAL	13/09/02	642,812.94	26.851
SIMAL.	16/09/02	310,335.48	12,600
SIMAL	18/09/02	650,656.21	27.373
SIMAL	26/09/02	3,637,555.76	171,800
SIMAL	14/10/02	739,081.60	35,500
SIMAL	21/10/02	233, 124.80	12 669
	21/10/02	737,354,49	40.071
SIMAL	22/10/02	1.762,013.41	95,470
SIMAL	22/10/02	183,543.32	9,906
SIMAL		747,458.22	40.341
SIMAL	22/10/02	447.694.49	23.649
SIMAL	23/10/02

6. Associates

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

Nature of association
Related Fund Manager
Related Fund Manager
Related Fund Manager
Related Fund Manager
Related Fund Manager
	Related Fund Manager

7. Addresses

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

Name	Address
Schroder Investment (Singapore) Limited	65 Chulia Street #46-00 OCBC Centre, Singapore 049513
("SIMSL").
Schroder Investment Management (Australia)	Level 20 Angel Place, 120 Pitt Street, Sydney, 2000, Australia
Limited ("SIMAL")
Schroder Investment Management (Hong	19" Floor, Two Exchange Square, 8 Connaught Place,
Kong) Limited ("SIMHK")	Central, Hong Kong SAR
Schroder Investment Management Japan	Pacific Century Place Marunouchi, 1-11-1 Marunouchi,
("SIMJP")	Chiyoda-ku, Tokyo 100-6224. Japan
Schroder Investment Management North	31 Gresham Street, London EC2V 7QA, UK
America ("SIMNA")
Schroder Investment Management UK	31 Gresham Street, London EC2V 7OA, UK
Limited ("SIMUK")

÷.

$\mathcal{A}$

k/1006

$\sim$ $\sim$

$\mathsf{l}$

	Signature capacity Company Secretary Anne Gardiner
	print name
	date $g / (1/2002)$ Afaraire sign here
	DIRECTIONS
	(1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.
(1)	See the definition of "associate" in section 9 of the Corporations Law.
(2)	See the definition of "relevant interest" In sections 608 and 671B(7) of the Corporations Law.
(3)	The voting shares of a company constitute one class unless divided into separate classes.
(4)	The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.
(5)	The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
(7)	Include details of:
	any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any (a) document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
	any qualification of the power of a person to exercise, control the exercise of, or Influence the exercise of, the voting powers or disposal of (b) the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).
	See the definition of "relevant agreement" in section 9 of the Corporations Law.
(B)	If the substantial holder is unable to determine the Identity of the person (eg. If the relevant interest arises because of an option) write "unknown".
(9)	Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

$\sim$ $\epsilon$