CSL Ltd. — Major Shareholding Notification 2005

Mar 22, 2005

23/03 2005 11:21 FAX 38324114 22-MAR. ' 05 (TUE) 11:17

$\rightarrow$ CAO INTERNAL FAX: 01737837450

团001 $P.001$

Windmill Court Millflold Lano Lower Kingswood Tarkunrth Surrey KT20 6RG Telephone: 01737 836735

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

FAX: 00 61 7 3835 1004

21 March 2005

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 to be a Substantial Holder, reporting the interests in CSL Limited of certain entities owned or managed by FMR Corp. and Fidelity International Limited.

If you have any questions please contact Kerrie Barnett on +44 1737 837148 or by FAX on +44 1737 837450.

Yours faithfully

Kerrie Barnett Regulatory Reporting Analyst

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 and FIL 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

21 March 2005 02 March 2005 02 March 2005

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	Previous	Previous	Present	Present
Securities	Notice	Notice	Notice	Notice
(4)	Person's	Voting	Person's	Voting
	votes	Power (5)	votes	Power (5)
Common	20,464,046	10.33%	18.103.443	9.13%
stock

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:

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
18 March 2005	FMR Corp. $+$ FIL	Market transaction $-$ disposition	27.3552\$	550,000 common stock	550,000 common stock
18 March 2005	FMR Corp. $+$ FIL	Market transaction - disposition	27.3552\$	470,499 common stock	470,499 common stock

$\bar{z}$

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 Interest	Registered holder of securities	Class and number of securities
FIL	ACCIDENT REHAB & CMP-GLB EX-US	31.794
FIL	AFP UNILEVER SCHWEIZ-GBL EX US	3,620
FIL	AUSTRALIA - FUNDS SA	17,134
FIL	BRITISH ENERGY GEN GRP - ROW	20,779
FIL	CHEVRON TEXACO UK PNS PL-ROW	12,414
FIL	CO-OPERATIVE GRP PENS - RW	19,251
FIL	DEUTSCHE ARZTE - ROW	5,200
FIL	EAST SUSSEX CNTY COUNCIL-ROW	48,310
FIL	FALCON/FLORA	657,557
FIL	FFII INST GLOBAL FOCUS POOL	1,900
FIL	FFII INST PACIFIC EX JAPA POOL	6,452
FIL	FID FDS - AUSTRALIA POOL	88,217
FIL	FID FDS - HEALTH CARE POOL	308,567
FIL	FID FDS - PACIFIC POOL	183,345
FIL	FID FDS - WORLD POOL	19,698
FIL	FID FUNDS - GLBL FOCUS POOL	23,976
FIL.	FID INSTL FD-PACIFIC(EX JAP)FD	497.544
FIL	FID INSTL FDS-GLOBAL FOCUS FD	13.619
FIL	FID INSTL SOUTH EAST ASIA FUND	170887
FIL	FID MANAGED INTERNATIONAL FUND	268,369
FIL	FIDELITY AUSTRALIAN EQ FUND	1,586
FIL	FIDELITY INTERNATIONAL FUND	18,340
FIL	FIJ IT BALANCED FUND MOTHER	5,074
FIL	FIJ IT GLOBAL EQ OPEN MOTHER	7,493
FIL	FIJ IT GLOBAL FUND MOTHER	72,409
FIL	FMT_GL ROW	29,169
FIL	GEC 1972 PLN GLB EQTY FD-ROW	42,669
FIL	GKN GROUP PENSION SCHEME - ROW	71,319
FIL	HEALTH FOUNDATION PAC BAS EQ	19,677
FIL	HKMPF-MKT INV ASIA PAC EQ FND	39,365
FIL	IBM AUSTRIA GLOBAL EX US	2,523
FIL	IBM AUSTRIA SELECT GLBL EQ ROW	4,542
FIL.	IBM DENM SELECT-GLOBAL EX-US	3,028

$\mathcal{A}$

FIL	IBM IREL SEL GLBL EQUITIES ROW	1,312
FIL	INDUSTRIENS PENS - EX US	10,497
FIL	JAPAN TOBACCO DB-JAPAN	3,020
FIL	MTR CORP RETMT SCHM PACIF EQTY	3,041
FIL	NATIONAL CORP INV SVCS PAC BAC	110,459
FIL	NPC TRUST - ACTIVE 1 - ROW	5.450
FIL	RAILWAYS PENS EQ-PACIFIC BASIN	263,525
FIL	ROYAL MAIL PENSION PLAN	329600
FIL	RUSSELL INTL EQUITY FUND	9,650
FIL.	RUSSELL INVT MGMT LTD-PACIFIC	33,900
FIL	SAINT-GOBAIN UK PENSION SCHEME	26,525
FIL	SEVEN RE FIDELITY PACIFIC	69,800
FIL	SGE MM ROW	12,313
FIL	SHINKIN BANK EPF - ASIA	9,565
FIL.	UNILEVER(SUPERANN) IRELAND-ROW	11,203
FMRCO	ASSET MANAGER GROWTH	71,513
FMRCO	FA ASSET ALLOCATION	2,655
FMRCO	FA DIVERSIFIED INTERNATIONAL	1.142,744
FMRCO	FA EQUITY GROWTH FD	404,090
FMRCO	FA GLOBAL EQUITY	2,049
FMRCO	FAINTL CAPITAL APPRECIATION	197,239
FMRCO	FA VALUE FUND	2,201
FMRCO	FID AGGRESSIVE INTL FUND	187,314
FMRCO	FID ASSET MANAGER FUND	66260
FMRCO	FID BALANCED FUND	1,014.953
FMRCO	FID DIVERSIFIED INTERNATIONAL	6,500,000
FMRCO	FID INTL DISCOVERY FUND	269,050
FMRCO	FID PACIFIC BASIN FUND	151.469
FMRCO	FID VALUE FUND	868,577
FMRCO	FIDELITY FOCUS HEALTH CARE FD	447,683
FMRCO	FIMM LLC GLBL CAP APPRECIATION	743
FMRCO	FIMM LLC INTL SMALL CAP STK	3,000
FMRCO	SELECT PHARMACEUTICALS	22,665
FMRCO	TREND FUND	59,500
FMRCO	VIP GROWTH	409,596
FMRCO	VIP II ASSET MANAGER	16,673
FMRCO	VIP II ASSET MANAGER GROWTH	6,442
FMRCO	VIP III MID CAP PORTFOLIO	19,483
FMRCO	VIP INTERNATIONAL CAP APP FUND	500
FMTC	AGILENT TEC INT-PAC BAS T50416	37.731

$\mathcal{A}^{\mathcal{A}}$

FMTC	BP MASTER TR FOR EMP PP T55275	17,800
FMTC	BROWN & WILLIAMSON SEL INTL	4,503
FMTC	CANADIAN OVERSEAS PACIF(T2076)	8,621
FMTC	CHEVRON TEX PAC BASIN T55006	42,121
FMTC	CIBC INTL EQTY PAC BAS T55010	12,566
F MTC	DALLAS POLICE & FIRE T50092	19,353
FMTC	DUKE ENERGY PAC BASIN T2263	17,170
FMTC	EQUITABLE ADVISORS TRUST T2198	81799
FMTC	FICL GLBL ASSET ALL EQ-SE ASIA	15.072
FMTC	FICL INTL PORT EQ-SE ASIA SUB	175,583
FMTC	FICL SEL INTL EQTY TR T55106	47,324
FMTC	FIGL SEL INTL SM CP TR T55105	3,044
FMTC	FID CAN INTL GROWTH PAC T2333	25,823
FMTC	FID GLOBAL DISCIPLINED EQUITY	700
FMTC	FID SELECT INTL EQUITY (T319)	198,252
FMTC	FIDELITY INT'L GR.PAC BA T2311	14,667
FMTC	FMTC INS L-CAP CM SUB A T50485	700
FMTC	FORD GEN/RET MID GROWTH (T18)	1,300
FMTC	FORD INTL PAC BASIN SUB T50129	26,150
FMTC	FORD SELECT INTL T50016	22,780
FMTC	FR CAD OVERSEAS PAC EX T2243	20,420
FMTC	FRANK RUSSELL RIF PAC T2282	9,802
FMTC	FRIC INT. PACIFIC (T2064)	30,264
FMTC	FRIC INT. SEC PACIFIC (T2070)	38,025
FMTC	FRTC INT. PACIFIC JAP (T2058)	91,735
FMTC	FRTC RUSSELL INTL-PB-LO-T50356	6,831
FMTC	GENERAL MOTORS INV PAC T2323	41,871
FMTC	GM EURO/PAC VEBA PB T55191	86,316
FMTC	GM PAC BASIN-PAC BASIN T2166	148,367
FMTC	HALLIBURTON INTL GRO PB T55203	17,990
FMTC	HYDRO ONE PAC BASIN(T2317)	17,300
FMTC	IBM CANADA SELECT INT'L T2286	20,664
FMTC	IBM NETHERLANDS - SELECT PAC	42,374
FMTC	IBM SELECT EAFE CANADA T2205	49,257
FMTC	IG FI CL GBL EQ-SE ASIA(T55064	1.015
FMTC	IG FI GLOBAL EQ SE ASIA T2229	5,007
FMTC	ILLINOIS SURS-SEL INTL T50448	12,056
FMTC	ILLINOIS TEACH RET-PB T55139	78.726
FMTC	ILLINOIS TRS POB-PB TS5160	19,935
FMTC	JNL/FMR BALANCED EQUITY T55197	7.568

$\epsilon$

FMTC	KENTUCKY INS PAC BASIN T2348	45,553
FMTC	KENTUCKY PEN PAC BASIN T2343	154,032
FMTC	MELLON BK INTL-PAC BAS(T55165)	5,461
FMTC	MIX IF INTL POR-SE ASIA(TS5080	712
FMTC	NORTHROP GRMN INT GR-PB T55186	42259
FMTC	OHIO P&F INT GR PAC BAS T50412	44,33P
FMTC	OREGON INVMT CL SEL INT T55271	68,100
FMTC	PAC BASIN EX COLL TRUST T1057	328,757
FMTC	PETRO CANA INTL GR-PACB T55022	8,847
FMTC	PG&E CORP - PAC EX-JPN T50425	26,598
FMTC	PRINCIPAL PARTNERS INTL T50423	29,997
FMTC	RJ REYNOLDS TOB PAC BAS T55015	18,310
FMTC	RK MELLON INTL-PAC BAS T55170	11,264
FMTC	SAN DIEGO RETIREMENT (T2193)	27,655
FMTC	SELECT INT SM CAP COLL (T1056)	4,058
FMTC	STATE BRD ADM OF FL-PAC T55116	79,060
FMTC	STATE OF CT RET PLAN T50251	28,013
FMTC	WASHINGTON SIB PAC T55179	61,440
FMTC	WISCONSIN SIB FIX PAC T55233	84,800
FMTC	WISCONSIN SIB VAR-PB T55245	6,500
FMTC	WORLD BANK SELECT INTL T55274	11,000
Grand Total	18,103,443	9.13%

5. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial
holder are all 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 Delaware 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,
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 deerned 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 the persons named in this form are as follows:

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

Signature

lan Jones

Director, Global Investment Compliance Duly authorized under Powers of Attorney dated August 25, 2004 by Eric D. Roiter by
and on behalf of FMR Corp. and its direct and indirect subsidiaries, and Fidelity International Limited and its direct and indirect subsidiaries.

Sign Here Date 22 March 2005