CSL Ltd. — Major Shareholding Notification 2003

Jan 8, 2003

www.schroders.com.au

9 January 2003

By Facsimile: 1300 300 021 No. Pages: -5

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

Dear Sir,

CSL Limited

Please find enclosed a Notice of Change of Interests of Substantial Shareholder in accordance with Sub Section 617 B of the Corporations Act. The information represents the collation and reconciliation of holdings by five Schroder entities, four of which are an international entity.

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

Yours faithfully

Yardener

Anne Gardiner Company Secretary

					Form 604
					Corporations Law Section 671B
		Notice of change of interests of substantial holder
		CSL Limited
To Company Name/Scheme ABN/ARSN		99 051 588 348
1. Details of substantial holder
(1)			Schroder Investment Management Australia Limited
Name ABN/ARSN (if applicable)		22 000 443 274
There was a change in the interests of the substantial holder on			08/01/03
		The previous notice was given to the company on	08/11/02		ezk 的复数
The previous notice was dated			07/11/02
	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			Present notice
			Person's votes			Voting power (5)		Person's votes	Voting power $(5)$
	Ordinary Shares			8.128,558		5.12%	10,118,691		6.36%
Date of change	3. Changes in relevant interests	company or scheme, since the substantial holder was last required to give a substantial holding notice to the company are as follows: Person whose relevant interest changed	Nature of change (6)			Consideration given in relation to change (7)	Class and number of securities affected		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 Person's votes affected
08/11/02		SIMAL	Purchase			1453779.386	83,094		83,094
11/11/02		SIMAL	Purchase			1253460	75,000		75,000 24,400
26/11/02		SIMAL SIMAL	Purchase Purchase			505660.72 2091108.4	24,400 107,512		107,512
05/12/02 10/12/02		SIMAL	Purchase			1421322	67,682		67,682
11/12/02		SIMAL	Purchase			1019255	50,000		50,000
12/12/02		SIMAL	Purchase			1496700	75,000		75,000 73,800
13/12/02		SIMAL	Purchase Purchase			1434672 276084.698	73,800 14,065		14,065
13/12/02 16/12/02		SIMAL SIMAL	Purchase			2207655.6	114,000		114,000
17/12/02		SIMAL	Purchase			489286.86	25,247		25,247
18/12/02		SIMAL	Purchase			40699.26	2,100		2,100
18/12/02		SIMAL	Purchase			794604.6	41,000		41,000
20/12/02		SIMAL	Purchase			103695.9	5,159		5,159
03/01/03		SIMAL	Purchase			357351.5	16,621		16,621
13/11/02		SIMUK	Purchase			42,441	2,500		2,500 5,300
13/11/02		SIMUK	Purchase			89,974	5,300 6,700		6,700
13/11/02		SIMUK	Purchase			113,741 249,550	14,700		14.700
13/11/02 13/11/02		SIMUK SIMNA Inc	Purchase Purchase			820,463	47,100		47,100
13/11/02		SIMNA Ltd	Purchase			59,227	3,400		3,400 $\overline{11000}$

$11,000$

13,700

$\frac{16,500}{25,400}$

$29,100$

47,300

$\frac{2,300}{2,400}$

$5,100$

11,000

13,700

$16,500$

25,400

29,100

$\frac{47,300}{2,300}$ $2,400$

$5,100$

191,616

238,649

287,423

450,367

515,972

838,676

$\frac{40,781}{42,554}$ 90,895

Purchase

Purchase

Purchase

Purchase

Purchase

Purchase

Purchase

Purchase Purchase

SIMNA Ltd

SIMNA Ltd

SIMNA Ltd

SIMNA Ltd
SIMNA Ltd
SIMNA Ltd

SIMUK

Simuk
Simuk

13/11/02

13/11/02

13/11/02

13/11/02

$\frac{13/11/02}{13/11/02}$

$14/11/02$

14/11/02

14/11/02

9 00 מ
--------

SIMUK 14,100 14,100 251,297 Purchase SIMUK 45,100 45,100 803,795 Purchase SIMNA Inc 3.200 3,200 57,032 Purchase SIMNA Ltd 10,600 10,600 183,672 Purchase SIMNA Ltd 13,100 $\overline{13,100}$ $\overline{227,416}$ Purchase SIMNA Ltd 15,800 15,800 339,594 Purchase SIMNA Ltd 24,400 24,400 414,219 Purchase SIMNA Ltd 14/11/02 27,900 27,900 486,007 Purchase SIMNA Ltd 14/11/02 45.300 45,300 803,214 Purchase SIMNA Ltd 14/11/02 2.727 2,727 48,602 $\epsilon^{\alpha}$ Purchase SIMUK 15/11/02 3,153 3.153 53,526 Purchase SIMUK 15/11/02 6.902 6,902 117,170 $\lambda$ , $\lambda$ and $\lambda$ Purchase SIMUK 15/11/02 9,544 9,544 162,021 Purchase SIMUK 15/11/02 30 165 30 165 512,087 Purchase SIMUK 15/11/02 67,146 67,146 1.139,884 Purchase SIMNA Inc 15/11/02 4,516 4.516 76,665 Purchase SIMNA Ltd 15/11/02 14.741 14.741 250,234 Purchase SIMNA Ltd 15/11/02 18,150 18 150 316,166 Purchase SIMNA Ltd 15/11/02 21,964 21 984 382.952 Purchase SIMNA Ltd 15/11/02 36.556 36 556 636,791 Purchase SIMNA Ltd 15/11/02 38,430 38.430 669,435 Purchase SIMNA Ltd 15/11/02 62,886 62.886 1.095,449 Purchase SIMNA Ltd 15/11/02 473 473 8,239 Purchase SIMUK 18/11/02 547 547 9.529 Purchase SIMUK 18/11/02 1,198 1.198 21 24 2 Purchase SIMUK 18/11/02 1.656 1.656 29.363 Purchase SIMUK 18/11/02 5.235 5.235 92.822 Purchase $\overline{\text{SIMUK}}$ 18/11/02 11,654 11.654 206,637 Purchase SIMNA Inc 18/11/02 784 784 13,901 Purchase SIMNA Ltd 18/11/02 2.559 2,559 45 374 Purchase SIMNA Ltd 18/11/02 3,150 3,150 55.853 Purchase SIMNA Ltd 18/11/02 3,816 3.816 68.011 SIMNA Ltd Purchase 18/11/02 6,344 6,344 113,066 Purchase SIMNA Ltd 18/11/02 6,670 6,670 118,876 Purchase SIMNA Ltd 18/11/02 10.914 10,914 194 515 Purchase SIMNA Ltd 18/11/02 2,800 2,800 49,903 SIMUK Purchase 19/11/02 5,600 5,600 99,806 Purchase SIMUK 19/11/02 21,100 21,100 376.055 Purchase SIMNA Ltd 19/11/02 80,700 1,398,329 Purchase SIMNA Ltd 19/11/02 3,200 3,200 55,448 SIMUK Purchase 20/11/02 11,100 192 335 Purchase SIMUK 02/01/03 139,200 2419, 183.45 Purchase SIMHK 7/11/02 750 15,340.09 Sale SIMHK 26/11/02 6,640 128,436.17 Sale SIMHK 13/12/02 28,900 637,926.46 Sale SIMHK 23/12/02 21,840 380,708.33 Buy SIMSL 07/11/02 7,470 7,470 130,214.80 Buy SIMSL 07/11/02 (5,470) (5470) (91,074.95) Sell SIMSL 11/11/02 8,950 8,950 159 423 47 Buy SIMSL 15/11/02 (7, 242) (7, 242) In-Specie Transfer SIMSL 18/11/02 Out (6, 200) (107, 252.37) (6.200) Sell SIMSL 19/11/02 96,570 96,570 In-Specie Transfer SIMSL 19/12/02 In $\sim$ $\omega_{\rm c} = 0.5$			114,064	6,400	6,400
	14/11/02	Purchase
	14/11/02
	14/11/02
	14/11/02
	14/11/02
	14/11/02
	14/11/02
					80.700
					11,100
					139.200
					750
					6,640
					28,900
					21,840

4. Present relevant interests

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

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest $(6)$	Class and number of securities	Person's votes
SIMAL	CBA Custodial Services	CBA Custodial Services	Ordinary Shares	184.915	184.915
SIMAL	Permanent Trustees Limited	Permanent Trustees Limited	Ordinary Shares	10.003	10.003
SIMAL	NAB Custodial Services Limited	NAB Custodial Services Limited	Ordinary Shares	1.326,235	1 3 2 6 2 3 5
			.

$\sim 10^{-1}$

SIMAL	Cogent Nominees	Cogent	Crdinary Shares	601.014	601,014
	Limited	Nominees
		Limited
				1,161,448	1,161,448
SIMAL	JP Morgan/Chase	JPMorgan/Chase	Ordinary Shares
	Nominees	Nominees	Ordinary Shares	279,959	279,959
SIMAL	State Street	State Street Australia Limited
	Australia Limited	Citicorp Nominees	Ordinary Shares	221,260	221,260
SIMAL	Citicorp Nominees	Limited
SIMAL	Limited RBC Custodial	RBC Custodial	Ordinary Shares	15,151	15,151
	Services	Services
SIMNA Inc	Chase Nominees	Chase Nominees	Ordinary Shares	625,200	625,200
	Limited	Limited
SINNA Inc	Mellon Bank	Mellon Bank	Ordinary Shares	251,100	251,100
SIMNA Inc	Banque Nationale	Banque	Ordinary Shares	2,800	2.800
	du Canada	Nationale du
		Canada	Ordinary Shares	86,000	86,000
SIMNA Ltd	Bank of New York	Bank of New
		York	Ordinary Shares	209,300	209,300
SIMNA Ltd	Chase	Chase Bournemouth
	Bournemouth Mellon Bank	Mellon Bank	Ordinary Shares	153,100	153,100
SIMNA Ltd SIMNA Ltd	State Street	State Street	Ordinary Shares	299,000	299,000
SIMNA Ltd	Chase Bank	Chase Bank	Ordinary Shares	181,000	181,000
SIMNA Ltd	Northern Trust	Northern Trust	Ordinary Shares	71,300	71,300
SIMUK	Erste Bank	Erste Bank	Ordinary Shares	12,562	12,562
SIMUK	Nortust Nominees	Nortust	Ordinary Shares	10,017	10,017
		Nominees		8,900	8,900
SIMUK	State Street Bank	State Street Bank	Ordinary Shares
	& Trust Co	& Trust Co		11,100	11,100
SIMUK	Banque Inosuez	Banque Inosuez Pictet & Cie	Ordinary Shares Ordinary Shares	13,500	13,500
SIMUK	Pictet & Cie Dresdner Bank	Dresdner Bank	Ordinary Shares	90,400	90,400
SIMUK SIMUK	Bank of New York	Bank of New	Ordinary Shares	40,086	40,086
		York
SIMUK	Unibank	Unibank	Ordinary Shares	35,800	35,800
	Torvegade	Torvegade
SIMUK	Bankers Trust Co	Bankers Trust Co	Ordinary Shares	30,400	30,400 16,000
SIMUK	Deutsche Bank	Deutsche Bank	Ordinary Shares	16,000 67,650	67,650
SIMHK	Westpac	Westpac	Ordinary Shares
	Custodian	Custodian Nominees Ltd
SIMHK	Nominees Ltd National Australia	National Australia	Ordinary Shares	12,350	12,350
	Bank Melbourne	Bank, Melbourne
SIMHK	Hongkong and	Hongkong and	Ordinary Shares	71,530	71,530
	Shanghai Banking	Shanghai
	Corp Ltd, Sydney	Banking Corp
		Ltd, Sydney		12,230	12,230
SIMHK	JP Morgan Chase	JP Morgan Chase Bank	Ordinary Shares
SIMHK	Bank ANZ Banking	ANZ Banking	Ordinary Shares	16,400	16,400
	Croup Ltd.	Croup Ltd.
SIMSL	Westpac	Westpac	Ordinary Shares	748.154	748,154
	Nominees,	Nominees,
	Australia	Australia
SIMSL	Chase Nominees,	Chase	Ordinary Shares	2,497,392	2,497,392
	Australia	Nominees,
	National Australia	Australia National Australia	Ordinary Shares	292.493	292,493
SIMSL	Bank, Melbourne	Bank, Melbourne
SIMSL	Citicorp Nominees	Citicorp	Ordinary Shares	327,136	327,136
	Pty Ltd.	Nominees Pty
	Melbourne	Ltd, Melbourne			66,326
SIMSL	ANZ Nominees	ANZ Nominees	Ordinary Shares	66,326
	Ltd, Sydney Australia and New	Ltd, Sydney Australia and	Ordinary Shares	3,490	3,490
SIMSL	Zealand Banking	New Zealand
		Banking	t, f
			$\mathcal{P}$

	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
SIMSL	Related Fund Manager
SIMUK	Related Fund Manager
SIMNA	Related Fund Manager
$\overline{\mathsf{SIMHK}}$	Related Fund Manager
SIMAL	Related Fund Manager

6. Addresses The addresses of persons named in this form are: Address Name 65 Chulia Street #46-00 OCBC Centre, Singapore 049513 Schroder Investment (Singapore) Limited ("SIMSL") Level 20 Angel Place, 120 Pitt Street, Sydney, 2000, Australia Schroder Investment Management (Australia) Limited $("SIMAL")$ 19^{th Floor, Two Exchange Square, 8 Connaught Place, Central, Hong} Schroder Investment Kong SAR Management (Hong Kong) Limited ("SIMHK") 31 Gresham Street, London EC2V 7QA, UK Schroder Investment Management North America ("SIMNA") 31 Gresham Street, London EC2V 7QA, UK Schroder Investment Management UK Limited N. ("SIMUK") Signature $\sim$ . Company Secretary capacity: Anne Gardiner print name date $911203$ Gardine 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 6 of the form. (2) See the definition of "associate" in section 9 of the Corporations Law. 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 person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$ $(6)$ Include details of: $\frac{1}{4}$ . Then $\alpha$ any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, $(a)$ a copy of any 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. Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, $(7)$ 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. If the substantial holder is unable to determine the identify of the person (eg. if the relevant interest arises because of an option) write "unknown". $(6)$

Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$