CSL Ltd. — Major Shareholding Notification 2003

Dec 9, 2003

ASX BRISBANE FMR CM. INV. COMP → CAO INTERNAL

团002 团001/008

MELB.

December 9, 2003

Australian Stock Exchange Ltd. - Brisbane Riverside Centre 123 Eagle Street Brisbane, QLD 4000 Australia

FAX: 011-61-7-3835-1004

ATTN: Manager Companies

Dear Sir/Madam:

Enclosed herewith, please find one copy of Form 604, pursuant to Section 671B of the Corporations Act, Notice of Change of Interests of Substantial Holder, reporting the interests in CSL Ltd of certain entities owned or managed by Fidelity Management and Research Company and Fidelity International Limited as disclosed more fully in the notice.

If you have any questions, please contact me by phone at 617-563-7883 or by FAX at 617-476-0363.

Kindest fegards, Julie Finocchio

Compliance Specialist

Enclosures

Fidelity Management & Research Company

82 Decembrie Street Beston, MA 22109-3614 Phone: 617-563-7000

Form 604 Corporations Act 2001 Section 671B

Notice of Change of Interests of Substantial Holder

To: CSL Linuted ACN/ARSN:

1. Details of substantial holder (s)

Name: FMR Corp. ACN/ARSN (if applicable)

$-12/08/03$ There was a change in the interests of the substantial holder on $_11/04/03_$ The previous notice was given to the company on $_11/04/03$ The previous notice was dated

2. Previous and present 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 when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of Securities (4)	Previous Notice Person's votes	Previous Notice Voting Power (5)	Present Notice Person's votes	Present Notice Voting Power
Common stock	13,847,269	8.61%	15,708.459	$9.77\%$

3. Changes in relevant interests

Particulars of cach change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of Change	Person whose relevant interest changed	Nature of change $(6)$	Consideration given in relation to change $(7)$	Class and number of securities affected	Person's votes affected
12/08/03	FMR Corp.	Market $transaction -$ purchase		313,646 common stock	313,646 common stock

团004 @003/008

$\hat{\boldsymbol{\beta}}$

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of	Registered	Class and
Relevant	Holder of	number of
Interest	securities	securíties
FMRCO	Select	20,562
	Pharmaccuticals
FMRCO	Fid Balanced	551.321
	Fand
FMRCO	FA Equity	914,019
	Growth Fund
FMRCO	Fidelity Small	606,606
	Cap Stock Fund
FMRCO	FA Global	1.310
	Equity	494,023
FMRCO	FA Diversified
FMRCO	International Fid Diversified	3,480,227
	International
FMRCO	Fid Pacific	207,618
	Basin Fund
FMRCO	VIP Growth	930,028
FMRCO	Fidelity Focus	140,900
	Health Care
FMRCO	Fid Southeast	168,000
	Asia Fund
FMRCO	Fid Worldwide	64,800
	Fund
FMRCO	Overseas Fund	580,700
FMRCO	FA Overseas	219,400
	Investment
	Fund
FMRCO	VIP Overseas	280,200
FMRCO	Fidelity	23.100
	Overseas Fund
$\overline{\text{FMTC}}$	- Canada	67,700
	Manulife Overseas
$\overline{\text{EMTC}}$	Canadian	10,240
	Overseas Pacif
FMTC	FRIC Int.	60,700
	Pacific Jap
FMTC	Fric Int. Pacific	15,220
FMTC	Fric Int. Sec	19,760
	Pacific
FMTC	General Motors	151,820
	Pac Basin
$\bar{F}$ MTC	Chevron Tex	40,730
	Pac Basin
FMTC	RJ Reynolds	23,630
	Tob Pac Bas
FMTC	State Bd Adm	76,270
	of Fl-Pac
FMTC	Illinois Teach	78,020

$\rightarrow$ CAO INTERNAL

$\bar{z}$

团005 ②004/008

$\boldsymbol{\cdot}$

$\bar{z}$

	Ret-PB
$\overline{\text{FMTC}}$	FICL GIbl	18,571
	Asset All Ew
$\overline{\text{FMTC}}$	FICL Intl Port	183.520
	Ėч Pac Basin Ex	134,070
FMTC
	Coll Trust
FMTC	Kentucky Pen	82,720
	Pac Basin
$\overline{\text{FMTC}}$	Kentucky Ins	32,230
	Pac Basin
FMTC	IG FI Global Eq	2,925
FMTC	Fr Cad	17,440
	Overseas Pac
FMTC	Ford Inti Pac	24,900
	Basin Sub
$\overline{\text{FMTC}}$	FRTC Russell	4,700
	Intl
FMTC	Tal Intl Equity	II,300
	Pac Bas
		5,500
FMTC	Brown &
	Williamson	8,200
$\overline{\text{FMTC}}$	Petro Cana Intl
	Gт
FMTC	Illinois Trs Pob	19,430
FMTC	Mellon Bk Intl	5,530
FMTC	RK Mellon Intl	11,400
FMTC	Fidelity Int'l Gr	11,500
FMTC	Hydro One Pac	16,700
	Basin
FMTC	Fid Can Intl	20,500
	Growth
FMTC	Duke Energy	13,400
	Pac Basin
FMTC	Frank Russell	7,300
	RIF PAC
		4,000
$\overline{\text{FMTC}}$	Select Int Sm
	Cap Coll
FMTC	IG FI CI Gbl Eq	400
FMTC	Mix If Intl Por	300.
FMTC	$\overline{\text{FICL}}$ Sel Intl	3,000
	SmCp
FMTC	Fid Select Intl	127,200
	Equity
FMTC	IBM Select	41,200
	Eafe Canada
FMTC	Dallas Police &	13,900
	Fire:
$\overline{\text{EMTC}}$	Ford Select Intl	21,500
	FICL Select Intl	17,900
FMTC
	Eqty
$\overline{\text{FMTC}}$	IBM Canada	13,700
	Select Intl
$\overline{\text{EMTC}}$	IBM	29,200
	Netherlands
FMTC	Ohio P&F Int	42,470
	Gr Pac Bas

$\bar{z}$

Ø1005/008

$\sim$

FMTC	Agilent Tec Int	36,820
FMTC	PG&E Corp	30,320
$\overline{\text{FIL}}$	Royal Mail	529,866
	Pension Plan
$\overline{\text{FL}}$	Hang Seng Bk	$\overline{11}, 842$
	Ltd Retirements
FLL	Falcon/Flora	1,152,889
FIL.	Fid $Fds -$	106,879
	International
	Pool
$\overline{\mathbf{F}}$	$FidFds -$	148,970
	Australia Pool
FIL.	$\overline{\text{F}}$ id Fds –	155,175
	Pacific Pool
匹	HOKO Jockey	16,834
	Club	19,287
$\overline{\texttt{FL}}$	Health
	Foundation Pac Bas
FIL	Fid Advantage	1,013
	Australian Eq
	Тт
$\overline{\texttt{FIL}}$	MTR Corp	13,162
	Retmt Pacif
	Eqty
Fц	$\text{Fid Fds} -$	7,270
	World Pool
哑	Hybank Intl	3,245
$\overline{\text{FL}}$	Trst Jockey Club	27,513
	Contingency
$\overline{\text{FIL}}$	National Corp	78,130
	Inv Sves
FIL.	Fidelity	18,434
	International
	Fund
FIL.	Fid Managed	330,696
	International
	Fund Fij It Global Eq	6,047
$\overline{\texttt{FL}}$
豇	Open Mother Fid Instl Fd-	443,574
	Pacific
$\overline{FL}$	Govt of	17,170
	Singapore Pac
$\overline{\text{FL}}$	HKMPF-Mkt	109,197
	Inv Asia
FП.	Hong Kong	10,651
	Elec STF Retr Scheme
FIL.	Pacific Century	26,401
	Cyberwks Retir
FL	Jockey Club	28,371
	Charity Trust
FII.	Fij It Global	3,522
	Fund Mother
$\overline{\texttt{FL}}$	Fij It Balanced Fund Mother	6,343

ASX BRISBANE FMR CM. INV. COMP $\rightarrow$ CAO INTERNAL

$\mathcal{L}(\mathcal{A})$ and $\mathcal{L}(\mathcal{A})$

团007 @006/008

$\sim 0.5$

$\overline{\texttt{FL}}$	Stallion	70,920
FIL.	Russell Invt	21,800
	Mgmt
FIL	Railways Pens	472,010
	Eq
$\overline{\mathbf{L}}$	Russell Intl	9,300
	Equity Fund Mine EMP	50,180
$\overline{\text{FL}}$
	Pension Fund
匹	Sentinel Mng	$\frac{1}{97,620}$
	Ind Ret
迊	Fid $Fds -$	69,600
	Health Care
	Pool
FП.	Japan Tobacco	2,900
	TQPP-Asian
FIL	Toyota Motor	3,500
	Corp
匝	Shinkin Bank	9,500
$\overline{FL}$	Fidelity South	266,000
	East Asia Fund
ĪΠ	Fid Fds-	334,000
	Southeast Asia
	Pool
$\overline{\texttt{m}}$	Innogy Pacific	31,300
	Ex Japan
Fu	Fid Funds -	17,900
	GIbl Focus Pool
戒	Australia –	14,400
	Funds SA
戒	Fid Instl South	481,150
	East Asia Fund
$\overline{\text{FL}}$	Shell Hong	48
	Kong Limued
FIL	SGE Row	4,600
$\overline{\text{FL}}$	GEC 1972 Pln	27,900
FIL	British Energy	13,000
	Gen Grp
FIL	IBM Denm	2,300
	Select
FIL.	Accident Rehab	22,300
	& Cmp
	IBM Austria	1,900
$\overline{\texttt{FL}}$	Global
$\overline{\texttt{FL}}$	Per-Stit De	1,500
	Unilever
$\overline{\text{FL}}$	FMT_GL Row	20,500
肛	East Sussex	29,500
	Cnty
FIL	Chevron	8,200
	Техахо UK
$\overline{\texttt{FL}}$	Meyer Intl	16,000
	Group
匹	Stichting Pns	1,300
	Makro
河	Industriens	7,400
	Pens
豇	Co-Operative	11,300

12/09/03 17:10 FAX 617 476 6849 __ _ _ _ FMR CM. INV. COMP

$\rightarrow$ CAO INTERNAL

团008 @007/008

$\mathbf{I}$

	Gт
ΈΠ.	GKN Group	46,000
	Pension
	Scheme
FH.	Eircom No 2	$\overline{17}$ ,400
	Pension Fund
$\overline{\text{FL}}$	Unilever	7,600
	(superann)
	Ireland
FIL	$\mathbf{\overline{B}}\mathbf{M}$ Irel Scl	900
	Gibl Equities
FIL	TBM Austria	3,600
	Select Gibl
		15,708,459
TOTAL
---	Е.	.

1. Changes in Association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

	Nature of association
Name and ACN/ARSN (if applicable) FMR Corp./FMR Co., FMTC	FMR Co. is the adviser to the registered holders named in Section 4 and has power under its management agreements to dispose of the subject shares.
	FMR Co. is a wholly-owned subsidiary of FMR Corp., a Massachusetts corporation. Edward C. Johnson 3d is chairman of FMR Corp. and owns in excess of 10% of the voting power of FMR Corp, and may thereby be deemed an associate of FMR Co.
	However, neither FMR Corp. nor Edward C. Johnson 3d has sole power to vote or direct the voting of, or to dispose of or direct the disposition of, the subject shares. FMR Co. carries out such voting under written guidelines established by the Board of Trustees of the Funds which are the registered holders. Fidelity Management Trust Company ("FMTC") is a trust company organized under the laws of Massachusetts and is a wholly-owned subsidiary of FMR Corp.
	Because FMTC and FMR Co. are under the common control of FMR Corp., FMTC may be considered a related body corporate and hence an "associate" of FMR Corp., as such term is used in the Corporations Law.
	FMTC's relevant interest consists of the power to

÷

	dispose of, and may also consist of the power to yote or direct the voting of, the shares for the institutional accounts with which it has a management agreement.
FIL	FIL is the adviser to the registered holders named in Section 4 above, each of which is an investment company organized under the laws of a jurisdiction other than the United States, and has power under its management agreements to dispose of the subject shares.
	Edward C. Johnson 3d is chairman of FIL and owns in excess of 20% of the voting power of FIL. By reason of his ownership of the "prescribed percentage" of FIL, Mr. Johnson may be deemed the holder of a relevant interest in the subject shares and a substantial shareholder,
	FIL has power to vote and dispose of the shares of the Funds which it advises.

6. Addresses

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

Name	Address
FMR Corp., FMR Co.	82 Devonshire Street
	Boston, MA 02109
FIL.	PO Box HM 670, Hamilton HMCX, Bermuda

Signature: 12/09/03

ic D. Roter By

Eric D. Roiter Senior V.P. & General Counsel - FMR Co. Duly authorized under Powers of Attorney dated December 30, 1997, by and on behalf of FMR Corp. and its direct and indirect subsidiaries, and Fidelity International Limited and its direct and indirect subsidiaries.