For personal use only

1 Proposed issue of securitiesProposed issue of securities1 / 10 Announcement SummaryEntity nameCSL LIMITEDA nnouncement TypeNew announcementDate of this announcement14/12/2021 The Proposed issue is:Total number of +securities proposed to be issued for an offer of securities under a securities purchase planASX +security code+Security descriptionMaximum Number of+securities to be issuedCSLORDINARY FULLY PAID2,747,253+Record date13/12/2021 Offer closing date7/2/2022+Issue date14/2/2022 Total number of +securities proposed to be issued for a placement or other type of issueASX +security code+Security descriptionMaximum Number of+securities to be issuedCSLORDINARY FULLY PAID23,076,924 Proposed +issue date21/12/2021 Refer to next page for full details of the announcementA placement or other type of issueA placement or other type of issueAn offer of securities under a securities purchase planFor personal use onlyProposed issue of securitiesProposed issue of securities2 / 10 Part 1 - Entity and announcement Name of +EntityCSL LIMITEDWe (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agreesto +quote any of the +securities (including any rights)

2 On a +deferred settlement basis, we agree to the matters set out inAppendix 3B of the ASX Listing the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we alsoapply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms setout in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued underthe +disclosure document or +PDS is known, in accordance with Listing Rule , we will complete and lodge with ASXan Appendix 2A online form notifying ASX of their issue and applying for their quotation). Registered Number TypeABNR egistration ASX issuer The announcement Date of this announcement14/12 The Proposed issue is:A placement or other type of issueA placement or other type of issueAn offer of +securities under a +securities purchase planNew announcementFor personal use onlyProposed issue of securitiesProposed issue of securities3 / 10 Part 4 - Details of proposed offer under securities purchase planPart 4A - Do any external approvals need to be obtained or other conditions satisfied before the offer of +securitiesunder the +securities purchase plan issue can proceed on an unconditional basis?

3 NoFor personal use onlyProposed issue of securitiesProposed issue of securities4 / 10 Part 4B - Offer detailsClass or classes of +securities that will participate in the proposed issue and class or classes of +securitiesproposed to be issuedASX +security code and descriptionCSL : ORDINARY FULLY PAIDWill the proposed issue of this+security include an offer ofattaching +securities?Details of +securities proposed to be issuedASX +security code and descriptionCSL : ORDINARY FULLY PAIDM aximum total number of those +securities that could be issuedif all offers under the +securities purchase plan are accepted2,747,253 Will the offer be conditional on applications for a minimumnumber of +securities being received or a minimum amountbeing raised ( a minimum subscription condition)?Will the offer be conditional on applications for a maximumnumber of +securities being received or a maximum amountbeing raised ( a maximum subscription condition)?

4 Will individual security holders be required to accept the offer fora minimum number or value of +securities ( a minimumacceptance condition)?Is the minimum acceptance unit based or dollar based?Please enter the minimum acceptance value$ 2,500 Will individual security holders be limited to accepting the offerfor a maximum number or value of +securities ( a maximumacceptance condition)?Is the maximum acceptance unit based or dollar based?Please enter the maximum acceptance value$ 30,000 Dollar based ($)YesDollar based ($)YesNoNoNoDollar based ($)YesDollar based ($)YesNoNoNoDollar based ($)YesDollar based ($)YesNoNoNoFor personal use onlyProposed issue of securitiesProposed issue of securities5 / 10 Describe all the applicable parcels available for this offer in number of securities or dollar valueUnder the SPP, eligible shareholders may each apply for SPP Shares in parcels valued at A$2,500,A$5,000, A$7,500, A$10,000, A$12,500, A$15,000, A$20,000, A$25,000 or A$30, price detailsHas the offer price been determined?

5 In what currency will the offerbe made?AUD - Australian DollarHow and when will the offer price be determined?The lower of: the same price paid by institutional investors under the placement , and a to the VWAP of CSL shares traded during the 5 ASX trading days up to, and including, theSPP closing date (expected to be 7 Feb 2022)Oversubscription & Scale back detailsWill a scale back be applied if the offer is over-subscribed?Describe the scale back arrangementsCSL may, in its absolute discretion, undertake a scale-back which will be conducted having regard toshareholdings of eligible shareholders as at the SPP record date who applied for SPP Shares. This willensure that, subject to the maximum application amount, participating shareholders will receive anamount of SPP Shares that: at least maintains their percentage shareholding in CSL (Pro RataAmount); or is equivalent to the number of SPP Shares applied for if lower than their Pro Rata these +securities rank equally in all respects from their issue date with the existing issued+securities in that class?

6 Part 4C - Date of announcement of +security purchase plan14/12 +Record date13/12 Date on which offer documents will be made available to investors21/12 Offer open date21/12 Offer closing dateYesYesNoYesYesNoYesYesNoFor personal use onlyProposed issue of securitiesProposed issue of securities6 / Offer closing date7/2 +Issue date and last day for entity to announce results of +securitypurchase plan offer14/2/2022 Part 4D - Listing Rule Does the offer under the +securities purchase plan meet all of the requirements of listing rule exception 5or do you have a waiver from those requirements?Part 4E - Fees and Will there be a lead manager or broker to the proposed offer? Is the proposed offer to be underwritten? Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid ahandling fee or commission?

7 Details of any other material fees or costs to be incurred by the entity in connection with the proposed offerStandard share registry fees, settlement fees, legal and other external adviser fees and ASX administrative 4F - Further The purpose(s) for which the entity intends to use the cash raised by the proposed issueTo pay for the acquisition of an asset Will the entity be changing its dividend/distribution policy if the proposed offer is successful?NoNoNoNoYesFor personal use onlyProposed issue of securitiesProposed issue of securities7 / Countries in which the entity has +security holders who will not be eligible to accept the proposed offerAll countries other than Australia and New Zealand. URL on the entity's website where investors can download information about the proposed offer Any other information the entity wishes to provide about the proposed offerNoneFor personal use onlyProposed issue of securitiesProposed issue of securities8 / 10 Part 7 - Details of proposed placement or other issuePart 7A - Do any external approvals need to be obtained or other conditions satisfied before the placement or othertype of issue can proceed on an unconditional basis?

8 Part 7B - Issue detailsIs the proposed security a 'Newclass' (+securities in a class that isnot yet quoted or recorded by ASX)or an 'Existing class' (additionalsecurities in a class that is alreadyquoted or recorded by ASX)?Will the proposed issue of this+security include an offer ofattaching +securities?Details of +securities proposed to be issuedASX +security code and descriptionCSL : ORDINARY FULLY PAIDN umber of +securities proposed to be issued23,076,924 Offer price detailsAre the +securities proposed to be issued being issued for a cashconsideration?In what currency is the cashconsideration being paid?AUD - Australian DollarWhat is the issue price per+security?AUD these +securities rank equally in all respects from their issue date withthe existing issued +securities in that class?

9 YesYesNoExisting classNoFor personal use onlyProposed issue of securitiesProposed issue of securities9 / 10 Part 7C - Proposed +issue date21/12/2021 Part 7D - Listing Rule Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule ( i ) How many +securities are proposed to be issued without security holder approval using the entity's 15% placement capacity under listing rule ,076,924 CSL fully paid ordinary shares, assuming an offer price of A$ , noting that the final Offer Price is to bedetermined via the bookbuild, commencing at A$ per New Share. Are any of the +securities proposed to be issued without +security holder approval using the entity'sadditional 10% placement capacity under listing rule (if applicable)?

10 Is a party referred to in listing rule participating in the proposed issue? Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? Will any of the +securities to be issued be subject to +voluntary escrow?Part 7E - Fees and Will there be a lead manager or broker to the proposed issue? Who is the lead manager/broker?Merrill Lynch Equities (Australia) Limited (ACN 006 276 795) and Goldman Sachs Australia Pty Ltd (ACN 21 006 797 897)(together, the JLMs). What fee, commission or other consideration is payable to them for acting as lead manager/broker?CSL has agreed to pay of the total proceeds raised under the placement to the JLMs as a management fee. YesNoNoNoNoYesNoFor personal use onlyProposed issue of securitiesProposed issue of securities10 / 10 CSL may also pay to the JLMs, in its sole and absolute discretion, an incentive fee of up to of the total proceedsraised under the Is the proposed issue to be underwritten?