CSL Limited 45 Poplar Road Parkville Victoria 3052 Australia T +613 9389 1911 F +613 9389 1434 www.csl.com.au

Fax

To: Australian Stock Exchange

Company Announcements Fax No.: 1300 135 638 Total pages: 8

From: CSL Limited

Date: 23 December 2008 From: Raj Sharma T: 03 9389 1278 F: 03 9389.1267

This document and any following pages are intended solely for the named addressee, are confidential and may contain legally privileged information. The copying or distribution of them or any information they contain, by anyone other than the addressee, is prohibited. If you have received this document in error, please let us know by telephone, and then return it by mail to the address below. We shall refund your costs of doing so. Thank you.

CSL Limited ABN 99 051 588 348

Appendix 3B New issue announcement

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.

Name of entity

CSL Limited

ABN 99 051 588 348

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

⁺Class of ⁺securities issued or to be $\mathbf{1}$ issued

Ordinary shares.

Number of ⁺securities issued or to $\mathbf{2}$ be issued (if known) or maximum number which may be issued

Principal terms of the +securities (eg, $\overline{\mathbf{3}}$ if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates payment; if +convertible for securities, the conversion price and dates for conversion)

72,645

Fully paid ordinary shares.

See chapter 19 for defined terms.

24/10/2005 Appendix 3B Page 1

Appendix 3B New issue announcement

Do the ⁺securities rank equally in all Yes. $\overline{4}$ respects from the date of allotment with an existing ⁺class of quoted +securities? If the additional securities do not
rank equally, please state: the date from which they do $\bullet$
the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
Issue price or consideration 5

Performance Rights Plan (PRP) 2005 and 2006 $-72,645$ shares at NIL price.

Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)

Issued to employees under the Performance Rights Plan upon exercise of Rights granted. The Performance Rights Plan was adopted at the 2003 Annual General Meeting.

Dates of entering ⁺securities into $\overline{7}$ uncertificated holdings or despatch of certificates

15 and 23 December 2008

of all Number and ^-class 8 quoted on ASX +securities (including the securities in clause 2 if applicable)

Number	⁺ Class
602,996,940	Ordinary shares

24/10/2005

$+$ See chapter 19 for defined terms.

Number

Appendix 3B New issue announcement

of all +class Number and *securities not quoted on ASX (including the securities in clause 2 if applicable)

81,840	Options to subscribe
	for ordinary shares
	issued under CSL's
	Senior Executive
	Share Option Plan
	(SESOP II).
2,023,820	Rights Performance granted under CSL's Rights Performance Plan.
2,643,710	Performance Options granted under CSL's Rights Performance Plan.

+Class

10 trust, distribution policy) on the increased capital (interests)

Dividend policy (in the case of a $\boxed{\text{CSL's present dividend policy is not changed as}}$ a result of the increase in its issued capital.

Part 2 - Bonus issue or pro rata issue

approval security holder $11$ Is required?

Not applicable.

Is the issue renounceable or non-12 renounceable?
Ratio in which the ⁺securities will 13 be offered
⁺Class of ⁺securities to which the 14 offer relates
+Record date determine | 15 to entitlements
Will holdings on different registers 16 (or subregisters) be aggregated for calculating entitlements?
17 Policy for deciding entitlements in $\vert$ relation to fractions

Not applicable.

See chapter 19 for defined terms.

24/10/2005 Appendix 3B Page 3

Appendix 3B New issue announcement Names of countries in which the Not applicable. 18 entity has +security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. receipt Not applicable. $\sigma$ date for 19 Closing acceptances or renunciations

Not applicable.

Not applicable. Amount of any underwriting fee or | 21 commission

Names of any brokers to the issue 22

Names of any underwriters

Not applicable.

Fee or commission payable to the 23 broker to the issue
Amount of any handling fee payable 24 to brokers who lodge acceptances or renunciations on behalf of ⁺security holders
If the issue is contingent on 25 *security holders' approval, the date of the meeting
Date entitlement and acceptance 26 form and prospectus or Product Disclosure Statement will be sent to persons entitled
If the entity has issued options, and 27 the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders
Date rights trading will begin (if | Not applicable. 28 applicable)

Date rights trading will end (if 29 applicable).

Not applicable.

Appendix 3B Page 4

24/10/2005

Not applicable.

⁺ See chapter 19 for defined terms.

Appendix 3B New issue announcement

How do ⁺security holders sell their 30 entitlements in full through a broker?
How do 'security holders sell part $31$ of their entitlements through a broker and accept for the balance?
How do ⁺security holders dispose of 32 their entitlements (except by sale through a broker)?

+Despatch date 33

Not applicable.

Not applicable.

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

Type of securities 34 (tick one)
Securities described in Part 1 $\sqrt{}$ $(a)$
All other securities $(b)$

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

If the 'securities are 'equity securities, the names of the 20 largest holders of the additional ⁺securities, and the number and percentage of additional +securities held by those holders

If the ⁺securities are ⁺equity securities, a distribution schedule of the additional *securities setting out the number of holders in the categories $1 - 1,000$ $1,001 - 5,000$ 5,001 - 10,000 $10,001 - 100,000$ 100,001 and over

⁺ See chapter 19 for defined terms.

Appendix 3B

New issue announcement

A copy of any trust deed for the additional +securities

Entities that have ticked box 34(b)

Number of securities for which 38 ⁺quotation is sought

Not applicable.

Class of ⁺securities for which 39 quotation is sought

Not applicable.

Not applicable. Do the ⁺securities rank equally in all 40 respects from the date of allotment with an existing ⁺class of quoted +securities?

If the additional securities do not rank equally, please state:

the date from which they do
the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
Not applicable. Reason for request for quotation 41 now

Example: In the case of restricted securities, end of restriction period

(if issued upon conversion of another security, clearly identify that other security)

Number and ⁺class of all ⁺securities $42$ quoted on ASX (including the securities in clause 38)

Number	⁺ Class
Not applicable.	Not applicable.

24/10/2005

Quotation agreement

+Quotation of our additional +securities is in ASX's absolute discretion. ASX may $\mathbf{1}$ quote the ⁺securities on any conditions it decides.
$\overline{2}$ We warrant the following to ASX.
The issue of the 'securities to be quoted complies with the law and is not for an illegal purpose.
There is no reason why those 'securities should not be granted 'quotation.
An offer of the "securities for sale within 12 months after their issue will not require disclosure under section $707(3)$ or section $1012C(6)$ of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any *securities to be quoted and that no-one has any right to return any *securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.
If we are a trust, we warrant that no person has the right to return the *securities to be quoted under section 1019B of the Corporations Act at the time that we request that the ⁺securities be quoted.
We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
We give ASX the information and documents required by this form. If any $\overline{4}$ information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

: ee ee co co

Sign here:

Date: $23/12/2008$

Company Secretary

Print name:

Peter Turvey

See chapter 19 for defined terms.

24/10/2005 Appendix 3B Page 7

AI assistant

CSL Ltd. Share Issue/Capital Change 2008

17854_rns_2008-12-22_aa1bbbc7-80b3-453b-b1a2-5c23ad1dd1f0.pdf

Fax

Appendix 3B