CSL Ltd. — Major Shareholding Notification 2006

Mar 2, 2006

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

CSL Limited To. ACN/ARSN 051 588 348

1. Details of substantial holder

Barclays Global Investors Australia Limited on behalf of the Barclays Group ("BGI") Name 33 001 804 566 (Barclays Global Investors Australia Limited) ABN

The holder became a substantial holder on 28 February 2006.

2. Details of 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 an associate had a relevant interest on the date the substantial holder became a substantial holder are as follows:

Class of securities	Number of securities	Person's votes	Voting power
Ordínarv	9,389,319	9,389,319	5.19%

3. Details of relevant interests

The nature of the relevant interest the substantial holder had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest	- Class and number of securities
BGI	Fund Manager - see Annexure A	l. 9.389.319 ordinarv

4. Details of present registered holders

The persons registered as holder 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
BGI	JP Morgan & other custodians 9,389,319 ordinary
	-see Annexure A

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant	'Date of acquisition	I Consideration	- Class and number of
interest		. Cash/Non-cash	's ecurities
-BGI	Past 4 months	LAvg price \$45.43	$\pm$ 9.389.319 ordinary

6. Addresses

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

1/111 Harrington Street, Sydney NSW 2000

Signature

Therese Boumelhem Company Secretary
Barclays Global Investors Australia $Date$

This is "Annexure A" of 1 page referred to in Form 603 Notice of initial substantial holder

Relevant interest in CSL Limited ("CSL") held by members of the Barclays Group.

IASX CODEI	STOCK NAME	HOLDING	%	COMPANY
				Barclays Global Investors Japan Trust &
CSL	CSL Limited	195,413		0.11 Banking
CSL	CSL Limited	83.785		0.05 Barclays Global Investors Japan Ltd
CSL	CSL Limited	878,343		0.48 Barclays Global Investors Ltd
CSL	CSL Limited	536,324		0.30 Barclays Global Investors Ltd
CSL	CSL Limited	51,900		0.03 Barclays Life Assurance Co Ltd
CSL	CSL Limited	2,025,804		1.12 Barclays Global Investors, N.A.
CSL	CSL Limited	1,033,470		0.57 Barclays Global Fund Advisors
CSL	CSL Limited	11.8481		0.01 Barclays Global Investors Canada Ltd
CSL	CSL Limited	4,572,432		2.52 Barclays Global Investors Australia Ltd
		9,389,319	5.19

The list of Barclays entities and their respective holdings are as follows:

The JP Morgan Chase Bank Inc. and various other custodians (Custodians) hold shares in CSL as custodian and for which the members of the Barclays Group are either:

• the responsible entity or trustee of pooled investment products such as reaistered managed investment schemes (Funds); or
• the investment manager of Portfolios held for a number of institutional investors. The institutional investors are aenerally superannuation funds reaulated under the Superannuation Industry Supervision Act 1993.

The holding of shares in CSL was acquired as part of the wide portfolio of Australian shares and units acquired for the Funds and the Portfolios.

The members of the Barclays Group and the Custodians may hold relevant interests due to the capacity of these entities to dispose of the shares in CSL.

Each investor in a Fund owns an undivided interest in the Fund's assets, no client directly owns any asset of the Fund. The unitholding of each Fund varies from time to time as clients enter and withdraw from the Funds. The various institutional investors with portfolios delegate the management of the portfolios to the members of the Barclays Group.

Therese Boumelhem Company Secretary Barclays Global Investors Australia

Date