CSL Ltd. — Major Shareholding Notification 2004

Jul 22, 2004

Form 604

Corporations Law Section 671B

Notice of change of interests of substantial holder

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

1. Details of substantial holder (1)

	ouwodanismi hondor (17
			Schroder Investment Management Australia Limited
Name
ABN/ARSN (if	22 000 443 274
applicable)
There was a change in the interests of		22/07/04
the substantial holder on
The previous notice was given to the		11/06/04
company on
The previous notice was dated		10/06/04

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	12.050.091	7.57%	12,493,900	6.36%

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 are as follows:

Date of change	Person whose	Nature of	Considerati	Class and	Person's votes
	relevant interest	change $(6)$	on given in	number of	affected
	changed		relation to	securities
			change $(7)$	affected
24.06.04	SIM Ltd	Purchase	589,361	27,568	27,568
28.06.04	SIMNA Ltd	Sell	$-761257$	$-35,000$	$-35,000$
30.06.04	SIM Ltd	Sell	-61600	$-2,800$	$-2,800$
01.07.04	SIMNA Ltd	Sell	$-896106$	$-40,300$	$-40,300$
13.07.04	SIM Ltd	Sell	$-53375.8$	$-2,310$	$-2,310$
13.07.04	SIM Ltd	Sell	$-31161.9$	$-1,349$	$-1,349$
13.07.04	SIMNA Ltd	Sell	$-108108$	$-4,680$	$-4,680$
13.07.04	SIMNA Ltd	Sell	$-573712$	$-24,836$	$-24,836$
13.07.04	SIMNA Ltd	Sell	$-93855.3$	$-4,063$	$-4,063$
13.07.04	SIMNA Ltd	Sell	-161839	$-7,006$	$-7,006$
13.07.04	SIMNA Ltd	Sell	$-264657$	$-11,457$	$-11,457$
13.07.04	SIM Ltd	Sell	$-93416.4$	$-4,044$	$-4,044$

13.07.04	SIMNA Ltd	Sell	-57750	$-2,500$	$-2,500$
13.07.04	SIM Ltd	Sell	$-116978$	$-5,064$	$-5,064$
13.07.04	SIM Ltd	Sell	$-39131.4$	$-1,694$	$-1,694$
13.07.04	SIMNA Ltd	Sell	$-1006721$	$-43,581$	$-43,581$
13.07.04	SIM Ltd	Sell	-80850	$-3,500$	$-3,500$
13.07.04	SIMNA Ltd	Sell	-287526	$-12,447$	$-12,447$
13.07.04	SIMNA Ltd	Sell	-1009493	$-43,701$	$-43,701$
13.07.04	SIMNA Ltd	Sell	$-211065$	$-9,137$	$-9,137$
13.07.04	SIM Ltd	Sell	-227466	$-9,847$	$-9,847$
13.07.04	SIMNA Ltd	Sell	$-135458$	$-5,864$	$-5,864$
13.07.04	SIMNA Ltd	Sell	-347563	$-15,046$	$-15,046$
13.07.04	SIMNA Ltd	Sell	-566828	$-24,538$	$-24,538$
13.07.04	SIM Ltd	Sell	$-39801.3$	$-1,723$	$-1,723$
13.07.04	SIM Ltd	Sell	$-47747.7$	$-2,067$	$-2,067$
13.07.04	SIM Ltd	Sell	$-57103.2$	$-2,472$	$-2,472$
13.07.04	SIMNA Ltd	Sell	$-227835$	$-9,863$	$-9,863$
13.07.04	SIM Ltd	Sell	$-79602.6$	$-3,446$	$-3,446$
13.07.04	SIM Ltd	Sell	-59898.3	$-2,593$	$-2,593$
13.07.04	SIMNA Ltd	Sell	$-851697$	$-36,870$	$-36,870$
13.07.04	SIM Ltd	Sell	$-97181.7$	$-4,207$	$-4,207$
13.07.04	SIMNA Ltd	Sell	$-265327$	$-11,486$	$-11,486$
13.07.04	SIM Ltd	Sell	-44767.8	$-1,938$	$-1,938$ $-951$
13.07.04 13.07.04	SIM Ltd SIM Ltd	Sell Sell	$-21968.1$ $-301478$	$-951$ $-13,051$	$-13,051$
13.07.04	SIMNA Ltd	Sell	$-160175$	$-6,934$	$-6,934$
13.07.04	SIMNA Ltd	Sell	-75698.7	$-3,277$	$-3,277$
14.07.04	SIM Ltd	Sell	$-27137.5$	$-1,189$	$-1,189$
14.07.04	SIMNA Ltd	Sell	-339321	$-14,867$	$-14,867$
14.07.04	SIMNA Ltd	Sell	$-404278$	$-17,713$	$-17,713$
14.07.04	SIMNA Ltd	Sell	$-131785$	$-5,774$	$-5,774$
14.07.04	SIMNA Ltd	Sell	-44460.8	$-1,948$	$-1,948$
14.07.04	SIMNA Ltd	Sell	-75569.6	$-3,311$	$-3,311$
14.07.04	SIM Ltd	Sell	-36837.6	$-1,614$	$-1,614$
14.07.04	SIM Ltd	Sell	$-13329.1$	$-584$	-584
14.07.04	SIMNA Ltd	Sell	$-107044$	$-4,690$	$-4,690$
14.07.04	SIMNA Ltd	Sell	-222030	$-9,728$	$-9,728$
14.07.04	SIMNA Ltd	Sell	-224883	$-9,853$	$-9,853$
14.07.04	SIM Ltd	Sell	$-21956.5$	$-962$	$-962$
14.07.04	SIM Ltd	Sell	$-12187.9$	$-534$	$-534$
14.07.04	SIMNA Ltd	Sell	-403114	$-17,662$	$-17,662$
14.07.04	SIM Ltd	Sell	-82325.4	$-3,607$	$-3,607$
14.07.04	SIM Ltd	Sell	$-112795$	$-4,942$	$-4,942$
23/06/2004	SIMSL	Buy	264,629.04	12,446.00	12,446.00
23/06/2004	SIMSL	Buy	94,956.88	4,466.00	4,466.00
23/06/2004	SIMSL	Buy	77,607.01	3,650.00	3,650.00
23/06/2004	SIMSL SIMSL	Buy	474,806.10	22,331.00	22,331.00
24/06/2004 24/06/2004	SIMSL	Buy Buy	164,550.40 59,052.88	7,674.00 2,754.00	7,674.00 2,754.00
25/06/2004	SIMSL	Buy	19,133.41	883.00	883.00
25/06/2004	SIMSL	Buy	118,679.18	5,477.00	5,477.00
		In-specie Trf	(190, 452.57)
30/06/2004	SIMSL	Out		(8,561.00)	(8,561.00)
16/07/2004	SIMSL	Buy	146,353.48	6,430.00	6,430.00

Holder of	Registered holder of	Person	Nature of	Class and number	Person's votes
relevant interest	securities	entitled to be registered as holder (8)	relevant interest (6)	of securities
SIMNA Ltd	Bank of New York	Bank of New York	Ordinary shares	41,645	41,645
SIMNA Ltd	Chase Bournemouth	Chase Bournemouth	Ordinary shares	58,102	58,102
SIMNA Ltd	State Street	State Street	Ordinary shares	119.413	119,413
SIMNA Ltd	Chase Bank	Chase Bank	Ordinary shares	184,092	184,092
SIMNA Ltd	Northern Trust	Northern Trust	Ordinary shares	34,454	34,454
SIMNA Inc	Chase Nominees Limited	Chase Nominees Limited	Ordinary shares	3,381	3,381
SIMNA Ltd	Mellon Bank	Mellon Bank	Ordinary shares	89,129	89,129
SIMLTD	Erste Bank	Erste Bank	Ordinary shares	6,758	6,758
SIMLTD	State Street Bank & Trust Co.	State Street Bank & Trust Co	Ordinary shares	751	751
SIM LTD	Dresdner Bank	Dresdner Bank	Ordinary shares	33,669	33,669
SIMLTD	Unibank Torvegade	Unibank Torvegade	Ordinary shares	2,848	2,848
SIM LTD	Bankers Trust Co.	Bankers Trust Co.	Ordinary shares	12,882	12,882
SIM LTD	Deutsche Bank	Deutsche Bank	Ordinary shares	13,390	13,390
SIMLTD	Chase Nominees	Chase Nominees	Ordinary shares	82,113	82,113
SIMLTD	Kredietbank SA Luxembourgeoise	Kredietbank SA Luxembourgeoise	Ordinary Shares	27,568	27,568
SIMLTD	Chase Nominees	Chase Nominees	Ordinary Shares	24,389	24,389
SIMSL	Westpac Nominees, Australia	Westpac Nominees. Australia	Ordinary Shares	81,740.00	81,740.00
SIMSL	ANZ Nominees Ltd, Sydney	ANZ Nominees Ltd, Sydney	Ordinary Shares	6,720.00	6,720.00
SIMSL	Westpac Nominees, Australia	Westpac Nominees. Australia	Ordinary Shares	55,234.00	55,234.00
SIMSL	National Australia Bank, Melbourne	National Australia Bank, Melbourne	Ordinary Shares	36,181.00	36,181.00
SIMSL	National Australia Bank. Melbourne	National Australia Bank, Melbourne	Ordinary Shares	164,337.00	164,337.00
SIMSL	National Australia Bank, Melbourne	National Australia Bank, Melbourne	Ordinary Shares	46,315.00	46,315.00
SIMSL	Chase Nominees, Australia	Chase Nominees, Australia	Ordinary Shares	133,186.00	133,186.00
SIMSL	Chase Nominees, Australia	Chase Nominees. Australia	Ordinary Shares	829,955.00	829,955.00
SIMSL	Westpac Nominees, Australia	Westpac Nominees. Australia	Ordinary Shares	17,443.00	17,443.00
SIMSL	Westpac Nominees, Sydney	Westpac Nominees, Sydney	Ordinary Shares	161,903.00	161,903.00
SIMSL	Citicorp Nominees Pty Ltd, Melbourne	Citicorp Nominees Pty Ltd, Melbourne	Ordinary Shares	368,698.00	368,698.00
SIMSL	National Australia Bank, Melbourne	National Australia Bank, Melbourne	Ordinary Shares	120,190.00	120,190.00
SIMSL	National Australia Bank, Melbourne	National Australia Bank, Melbourne	Ordinary Shares	55,674.00	55,674.00
SIMSL	Chase Nominees. Australia	Chase Nominees, Australia	Ordinary Shares	73,901.00	73,901.00
SIMSL	Westpac Nominees, Australia	Westpac Nominees, Australia	Ordinary Shares	406,192.00	406,192.00
SIMSL	National Australia Bank, Melbourne	National Australia Bank, Melbourne	Ordinary Shares	164,000.00	164,000.00

SIMSL	Westpac Nominees, Australia	Westpac Nominees, Australia	Ordinary Shares	27,285.00	27,285.00
SIMSL	Chase Nominees, Australia	Chase Nominees. Australia	Ordinary Shares	1.255,356.00	1,255,356.00
SIMSL	Westpac Nominees, Australia	Westpac Nominees. Australia	Ordinary Shares	69.894.00	69,894.00
SIMSL	Westpac Nominees, Australia	Westpac Nominees. Australia	Ordinary Shares	152,672.00	152,672.00
SIMSL	Chase Nominees, Australia	Chase Nominees. Australia	Ordinary Shares	54.661.00	54.661.00
SIMSL	ANZ Nominees Ltd, Sydney	ANZ Nominees Ltd, Sydney	Ordinary Shares	3,290.00	3,290.00
SIMSL	ANZ Nominees Ltd, Sydney	ANZ Nominees Ltd, Sydney	Ordinary Shares	102.436.00	102,436.00
SIMHK	HSBC Bank Australia. Melbourne	HSBC Bank Australia, Melbourne	Ordinary Shares	32,332.00	32,332.00

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
SIMHK	Related Fund Manager
SIMAL	Related Fund Manager

6. Addresses
The addresses of persons named in this form are:
Name	Address
Schroder Investment (Singapore) Limited "SIMSL")	65 Chulia Street #46-00 OCBC Centre, Singapore 049513
Schroder Investment Management (Australia) Limited ("SIMAL")	Level 20 Angel Place, 120 Pitt Street, Sydney, 2000, Australia
Schroder Investment Management (Hong Kong) Limited ("SIMHK")	19 th Floor, Two Exchange Square, 8 Connaught Place, Central, Hong Kong SAR
Schroder Investment Management North America ("SIMNA")	31 Gresham Street, London EC2V 7QA, UK
Schroder Investment Management UK Limited ("SIMUK")	31 Gresham Street, London EC2V 7QA, UK

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.
• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Law.
• (4) The voting shares of a company constitute one class unless divided into separate classes.
• (5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• (6) Include details of:
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If $(a)$ subsection 671B(4) applies, 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
• $(b)$ 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 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.

• (7) 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.
• (8) 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".
• (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.