CSL Ltd. — Major Shareholding Notification 2003

Oct 21, 2003

团002 团001/007

October 21, 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 regards Julie Finocchio

Compliance Specialist

Enclosures

Fidelity Management & Research Company 82 Devonshire Street Boston, MA 02109-3614 Phone: 617 563-7000

Form 604 Corporations Act 2001 Section 671B

Notice of Change of Interests of Substantial Holder

To: CSL Limited ACN/ARSN:

1. Details of substantial holder (s)

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

There was a change in the interests of the substantial holder on The previous notice was given to the company on The previous notice was dated

$_10/17/03$ $_10/09/03$ $-10/09/03$

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 15
Common stock	10,192,175	6.37%	12,034,133	7.49%

3. Changes in relevant interests

Particulars of each 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:

j

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
10/17/03	FMR Corp.	Market $transaction -$ sale		247,074 common stock	247,074 common stock

$\begin{array}{rrrr} 22/10 & 2003 & 09:02 & \text{FAX} & 38324114 \ & 10/21/03 & 15:01 & \text{FAX} & 6174760363 \end{array}$

4. Present relevant interests

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

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Holder of	Registered	Class and
Relevant	Holder of	number of
Interest	securities	securities
FMRCO	Select	22,462
	Pharmaceuticals
FMRCO	Fid Balancod	451,321
	Fund
FMRCO	FA Equity	$\overline{914,019}$
	Growth Fund
TMRCO	Fidelity Small	506,606
	Cap Stock Fund
FMRCO	FA Global	810
	Equity
FMRCO	FA Diversified	410,923
	International
FMRCO	Fid Diversified	3,480,227
	International	121,018
FMRCO	Fid Pacific
FMRCO	Basin Fund VIP Growth	930,028
FMRCO	Fidelity Focus	88,300
	Health Care
FMRCO	Fid Southeast	33,400
	Asia Fund
$\overline{\text{FMTC}}$	Canadian	10,880
	Overseas Pacif
FMTC	FRTC Int.	59,610
	Pacific Jap
FMTC	Fric Int. Pacific	15,220
FMTC	Fric Int. Sec	18,860
	Pacific
FMTC	General Motors	127,360
	Pac Basin
FMTC	Chevron Tex	39,910
	Pac Basin
FMTC	RI Reynolds	15,940
	Tob Pac Bas
FMTC	State Bd Adm	74,890
	of Fl-Pac
$\overline{\text{EMTC}}$	Illinois Teach	74,480
FMTC	$Ret-PB$ FICL GIbI	19,671
	Asset All Ew
FMTC	FICL Intl Port	147,150
	Eq
FMTC	Pac Basin Ex	134,070
	Coll Trust
$\overline{\text{EMTC}}$	Kentucky Pen	82,720
	Pac Basin
FMTC	Kentucky Ins	32.230
	Pac Basin
FMTC	IG FI Global Eq	2,425

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$\overline{\text{FMTC}}$	$Fr$ Cad Overseas Pac	17.440
FMTC	Ford Intl Pac Basin Sub	16,400
$\overline{\text{FMTC}}$	FRTC Russell Intl	4,700
$\overline{\text{IMTC}}$	Tal Intl Equity Pac Bas	11,300
$\overline{\text{FMTC}}$	$\overline{\mathrm{Brown}}$ & Williamson	3,100
FMTC	Petro Cana Intl Gr.	8,200
FMTC	Illinois Trs Pob	19,430
PMTC	Mellon Bk Intl	5,530
FMTC	RK Mellon Intl	11,400
FMTC	Fidelity Int'l Gr	7,500
$\overline{\text{IMTC}}$	Hydro One Pac Basin	11,000
FMTC	Fid Can Intl Growth	13,400
$\overline{\text{FMTC}}$	Duke Energy Pac Basin	7,200
FMTC	Frank Russell RIF PAC	4,800
FMTC	Select Int Sm Cap Coll	3,100 400
FMTC	IG FI CI Gbl Eq
FMTC	Mix If Intl Por	300
FMTC	$\overline{\text{F1CL}}$ Sel Inti Sm Cp	1,600
匹	Royal Mail Pension Plan	427.186
$\overline{FL}$	Hang Seng Bk Ltd Retirements	11,842
肛	Falcon/Flora	1,152,88 9
$\overline{\text{HT}}$ .	$\overline{\text{Fid}\,\text{Fds}}$ – International Pool	85,549
FIL	Fid Fds – Australia Pool	89,770
肛	Fid Fds - Pacific Pool	90, 175
FIL.	HOKO Jockey Club	16,834
匹	Health Foundation Pac Bas	17,187
$\overline{\text{FL}}$	Fid Advantage Australian Eq Tr	1013
FIL	MTR Corp Retmt Pacif Eqty	13,162
FL	$\overline{\text{Fid}\text{ Fds}} -$ World Pool	6,270
FIL	Hybank Ind Trst	3,245 27,513
FIL.	Jockey Club

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Contingency 78,130 National Corp $\overline{\texttt{FL}}$ Inv Sves 14,754 $\overline{\mathbf{F}}$ Fidelity International Fund 32,256 Fid Managed īπ International Fund 5,047 Fij It Global Eq $\overline{\text{FL}}$ Open Mother 352,814 $\overline{\text{FIL}}$ Fid Instl Fd- Pacific $\overline{17}$ , 170 $\overline{\textbf{H}}$ Govt of Singapore Pac 109,197 HKMPF-Mki FIL. Inv Asia 10,651 豇 Hong Kong Elec STF Retr Scheme 26,401 兀 Pacific Century Cyberwks Retir 28,371 帀 Jockey Club Charity Trust 2,722 FU Fij It Global Fund Mother $\overline{5,143}$ 阷 Fij It Balanced Fund Mother 70,920 $\overline{\text{FL}}$ Stallion 21.800 Russell Invt F1
Mgmt
$\overline{\text{FL}}$ Railways Pens 472,010
Eq
匹 Russell Intl 9,300
Equity Fund
50,180 匹 Mine EMP
Pension Fund
97.620 匝 Sentinel Mng
Ind Ret
42,000 FIL Fid Fds-
Health Care
Pool
1,900 Japan Tobacco FIL.
TQPP-Asian
3,500 $\overline{\text{HL}}$ Toyota Motor
Corp
Shinkin Bank 9,500 FL
52,400 Fidelity South FL
East Asia Fund
63,634 Fid Fds- FIL
Southeast Asia
Pool
31,300
Innogy Pacific 兀
Ex Japan
17,900 Fid Funds $\overline{\text{FL}}$
Glbi Focus Pool
8,200 $\overline{\text{FL}}$ Australia-
Funds SA

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FП.,	Fid Instl South East Asia Fund	496.300
FП.	Shell Hong Kong Limited	48
TOTAL		10,192,175

5. 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:

Name and ACN/ARSN (if applicable)	Nature of association
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
	vote or direct the voting of, the shares for the
	institutional accounts with which it has a
	management agreement.
$\overline{\text{FH}}$ .	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
	PO Box HM 670, Hamilton HMCX, Bermuda

לעמונ $By$

Michael Gillespie Director of Domestic Compliance - FMR Co. Duly authorized under Powers of Attorney dated September 30, 2003 by Eric D. Roiter by and on behalf of Fidelity International Limited and its direct and indirect subsidiaries.