RESMED INC — Director's Dealing 2004

May 17, 2004

Rule 3.19A.2

Appendix 3Y

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	RMD
JABN	46 064 514 852

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	GARY PACE
Date of last notice	December 22, 2003

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 "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	DIRECT AND INDIRECT, SEE BELOW
Nature of indirect interest	Indirect holdings due to Variable Forward
(including registered holder)	Sales Contract with CSFB
Note: Provide details of the circumstances giving rise to the relevantinterest.
Date of change	May 13, 2004
No. of securities held prior to change	85,833 - Direct61,333 Options
	47,500 - Indirect
Class	Common Stock
Number acquired	0
Number disposed	5000 shares
Value/Consideration	$237,306
Note: If consideration is non-cash, provide details and estimatedvaluation
No. of securities held after change	80,833 - Direct61,333 Options
	47,500 - Indirect

+ See chapter 19 for defined terms.

Nature of change	On-market trade
Example: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back-

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-eash, provide details and
an estimated valuation
Interest after change

+ See chapter 19 for defined terms.