CVC LIMITED — Director's Dealing 2004

Oct 17, 2004

Appendix 3Y

Rule 3.19A.2

Change of Director's Interest Notice

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 30/9/2001.

Name of entity	CVC Limited
JABN	34 002 700 361

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	John Scott Leaver
Date of last notice	8 January 2002

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notiliable interest of a director" should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	CVC Investment Managers Pty Ltd
Date of change	8 October 2004
No. of securities held prior to change	14,130,582 Ordinary shares held by CVC Investment Managers Pty Ltd 700,000 Ordinary shares held by Wenola Pty Ltd
Class	Ordinary
Number acquired	7,574,029 (See Annexure)
Number disposed	1,000,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$8,629,240 for acquisition \$1,150,000 market value of disposal for non- arm's length transaction

$\div$ See chapter 19 for defined terms.

No. of securities held after change	20,704,611 Ordinary shares held by CVC Investment Managers Pty Ltd 700,000 Ordinary shares held by Wenola Pty Ltd
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of securities as consideration for acquisition of CVC Managers. Sale of securities pursuant to exercise of option.

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation. to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

⁺ See chapter 19 for defined terms.

Changes in Relevant Interests

Date of change	Holder of relevant interest changed	Nature of change	Consideration given in relation to change	Class and number of shares affected	Person's Votes affected
18/03/02	CVC Investment Managers P/L	Opening position			14,130,582
18/03/02	CVC Investment Managers P/L	Purchase	\$14,350	20,500 Ordinary	20,500
18/03/02	CVC Investment Managers P/L	Purchase	\$1,800	2,500 Ordinary	2,500
19/03/02	CVC Investment Managers P/L	Purchase	\$19,440	27,000 Ordinary	27,000
03/04/02	CVC Investment Managers P/L	Purchase	\$3,769	5,000 Ordinary	5,000
08/05/02	CVC Investment Managers P/L	Purchase	\$35,193	50,000 Ordinary	50,000
09/05/02	CVC Investment Managers P/L	Purchase	\$38,052	54,089 Ordinary	54,089
13/05/02	CVC Investment Managers P/L	Purchase	\$16,636	23,636 Ordinary	23,636
08/10/04	CVC Investment Managers P/L	Allotment	\$8,500,000	7,391,304 Ordinary	7,391,304
08/10/04	CVC Investment Managers P/L	Sale	\$1,150,000	1,000,000 Ordinary	(1,000,000)

Relevant Interests & Registered Holders

Holder	Nature of Interest	Class and number of shares
Wenola Pty Ltd	Indirect	700,000 Ordinary
l CVC Investment Managers P/L	Indirect	.704.611 Ordinarv 20.