COMPUTERSHARE LIMITED. — Annual Report 2008

Aug 12, 2008

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COMPUTERSHARE LIMITED (ASX:CPU)

FINANCIAL RESULTS FOR THE FULL YEAR ENDED 30 JUNE 2008

(Comparisons are to the full year ended 30 June 2007)

13 August 2008

NOTE: All figures (including comparatives) are presented in US Dollars (unless otherwise stated).

Copies of the FY08 Results Presentation are available for download at: www.computershare.com.au/results

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MARKET ANNOUNCEMENT

Computershare delivers 5[th] year of record earnings.

Melbourne, 13 August 2008 – Computershare Limited (ASX:CPU) today reported its fifth consecutive year of record earnings. Earnings per Share (on a Management Adjusted basis) grew 41% to 51.61 cents, which represents a Management Adjusted Net Profit after Outside Equity Interest (OEI) of $290.4 million for the full year ended 30 June 2008. The Company experienced growth in total revenues of 12% to $1,582.5 million and in Operating Cash Flows of 8% to $347.3 million in FY08.

On a reported statutory basis for FY08, Net Profit after OEI was $282.0 million and Basic Earnings per Share was 50.12 cents (see Appendix 4E).

Headline Management Adjusted Results (figures in USD unless otherwise stated) for FY08 as follows:

• Management Earnings per Share (post OEI) rose from 36.68 cents (FY07) to 51.61 cents per share (an increase of 41%);

• Total Operating revenues reached $1,582.5 million (an increase of 12% on FY07);

• Net Operating Cash Flow was $347.3 million (an increase of 8% on FY07), whilst Free Cash Flow grew 3% to $304.5 million;

• Management Adjusted Earnings Before Interest, Tax, Depreciation and Amortisation (Management EBITDA) were up 29% on FY07 to $479.2 million;

• Management EBITDA margin increased from 26% (FY07) to 30%;

• Net Profit after OEI (on a Management Adjusted basis) was $290.4 million (an increase of 32% on FY07);

• Final dividend of AUD 11 cents per share, 30% franked, payable on 19 September 2008 (record date of 5 September 2008, declared and to be paid in Australian dollars );

• Operating expenses were $1,106.0 million, an increase over the prior corresponding period of 5%;

• Days Sales Outstanding as at 30 June 2008 rose to 44 days from 43 days at 30 June 2007;

• Capital expenditure was $42.8 million (FY07; $25.7 million); and

• Net Debt to Management EBITDA ratio rose from 0.94 times at 30 June 2007 to 1.64 times at 30 June 2008.

The Directors and Management have determined that the exclusion of certain items permits more appropriate and meaningful analysis of the Company’s underlying performance on a comparative basis. Internally the organisation focuses on the adjusted financial outcomes known as Management Adjusted Results and these are outlined in the table below. The Company acknowledges that the adjustments are likely to differ from those reported in the statutory EPS calculation in accordance with AIFRS requirements.

____________________ Page 2 of 10

Full Year Results 13 August 2008

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MARKET ANNOUNCEMENT

Reconciliation – Statutory Accounts to Management Adjusted Results

	FY08 USD 000’s
Net profit after tax as per Statutory Accounts Management Adjustments (after tax) Loss on sale of subsidiaries QMT acquisition costs Acquisition provisions no longer required Intangible assets amortisation North American property rationalisation Marked to market adjustments on derivatives Tax losses recognised Other Total Management Adjustments Net profit after tax as per Management Adjusted Results (details of the management adjustment items can be found on page 6)	281,971 480 6,915 (2,628) 4,641 1,913 (964) (1,746) (193)
	8,418
	290,389

Commentary

Computershare delivered another record result in FY08 with an increase of 41% in management earnings per share over the prior corresponding period (pcp). The outcome was very pleasing in the light of financial market turmoil that resulted in slowing initial public offerings and merger & acquisition activity and substantial falls in northern hemisphere interest rates. The Group has, however, witnessed increased activity in the capital reorganisation arena, with a number of large rights issues and dividend reinvestment plans undertaken or announced. A slowdown in some transactional based businesses, namely US Fund Services and to a lesser extent Corporate Proxy, impacted the overall result.

Group wide focus on revenue quality and controllable costs saw EBITDA margins again escalate on a pcp basis, rising to 30.3%. Unlike last year where improvement was widespread, the Group had mixed contributions from around the globe, with Hong Kong, India and Russia continuing to grow revenue and earnings significantly and the smaller Ireland and South African businesses exceeding expectations.

Overall all three regions reported growth in Management EBITDA, a continuation of the trend in FY07. Asia Pacific EBITDA grew 48% on the previous corresponding period, whilst EMEA EBITDA was 46% higher. The North American region delivered EBITDA growth of 16% despite a softening in equity market activity and significant reductions in interest rates in the region.

Computershare’s CEO, Stuart Crosby, said, “The business clearly exceeded initial growth expectations for FY08 despite a softening in financial and equity market activity and the accompanying reduction in northern hemisphere interest rates. Our high levels of annuity revenue underpinned another record result for the Company. While conditions were not ideal, our 41% increase in earnings per share shows the strength of our business and geographic diversity. Looking to FY09, conditions remain challenging but we expect earnings growth for the sixth consecutive year”.

____________________ Page 3 of 10 Full Year Results 13 August 2008

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MARKET ANNOUNCEMENT

Below is a summary of Management EPS performance over the past five years:

Reported Management EPS Growth	Reported Management EPS Growth
FY04	61%
FY05	28%
FY06	41%
FY07	61%
FY08	41%

Regional Summary

Asia Pacific

Asia Pacific’s significant improvement was driven, in particular, by another strong result from the Australian Registry business and substantial uplifts in the Hong Kong and Indian businesses. This was most apparent in the first half as financial and equity market conditions worsened in the third quarter FY08. The Communication Services business in Australia benefited from the QMT acquisition in the fourth quarter FY08, whilst the Australian Employee Plan, Fund Services and Corporate Proxy businesses were flat on FY07.

Europe, Middle East & Africa

EMEA regional improvement was driven by a widespread contribution. UK Registry and UK Plans again underpinned the overall UK business expansion whilst the smaller businesses of Russia, Ireland and South Africa all delivered markedly better financial outcomes. Full year contribution from the Deposit Protection Service (DPS) contract and the Datacare acquisition also aided the region’s substantial progress. Germany, excluding VEM, was largely flat on FY07, as was the Interactive Meetings Ltd (IML) business.

North America

The North American region was down marginally in revenue terms but was able to deliver 16% uplift in EBITDA. US and Canadian registry businesses were both flat despite the negative impact of sizeable falls in interest rates, whilst the Canadian Fixed Interest business delivered another strong performance. Transactional based businesses such as Fund Services and Corporate Proxy were down on pcp whilst the Pepper business showed improvement. Communication Services experienced improved financial outcomes in the US, but was flat in Canada. Employee Plans were mixed, with the Canadian business matching last year’s result whereas the US business fell below expectations partially as a result of lower activity as equity markets weakened. Smaller US acquisitions contributed to the improved EBITDA outcome.

Dividend

The Company announces a final dividend of AUD11 cents per share, 30% franked, payable on 19 September 2008 (record date of 5 September 2008). This follows the interim dividend of AUD10 cents per share, 20% franked, paid in March 2008. Total dividends for FY08 are AUD21 cents per share (AUD17 cents in FY06), a 24% increase on FY07.

On-market Ordinary Share Buy-Back

On 15 November 2006 Computershare announced an on-market buy back of up to 25 million ordinary shares over a period of six months. On 2 May 2007 Computershare announced an extension of the buy back period until 29 November 2007. On 15 August 2007 the Company announced that the buy back was to be increased to a total of 45 million ordinary shares under the existing program. On 18 October 2007 Computershare announced the completion of the on-market buy back. The Company purchased 45 million ordinary shares at a total cost of AUD445.8 million during the entire program. This included the purchase of 35,205,009 shares at a cost of AUD343.2 million during FY08.

Issued ordinary shares outstanding were 555,654,059 at 30 June 2008, a net reduction during FY08 of 35,205,009.

____________________ Page 4 of 10 Full Year Results 13 August 2008

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MARKET ANNOUNCEMENT

Balance Sheet - Overview

The Company’s financial position remains strong with total assets of $2,238.0 million, financed by shareholders’ funds of $770.2 million at 30 June 2008. As a result of the buy back program during FY08 (AUD343.2 million), shareholders’ funds decreased by $62.4 million or 7% on FY07.

Computershare’s total funding facility was $1,068.5 million at 30 June 2008, with net borrowings rising to $786.7 million (from $348.3 million at 30 June 2007). Gross borrowings at 30 June 2008 amounted to $910.9 million, 109% higher than twelve months ago.

Post balance date, on 29 July 2008, the Company completed a US Private Placement (USPP) transaction for $235 million, maturing July 2018. Total funding facilities as a result are now $1,303.5 million. Total Facility maturity averages 4.0 years (currently 4.8 years on drawn debt), with 15% of debt facilities maturing over the next 2 years. The debt maturity profile, post the recently closed USPP transaction, is outlined in the table below:

Maturity	Debt Drawn	Committed Debt Facility
FY09	197.3m	200.0m
FY10	nil	nil
FY11	203.8m	600.0m
FY12	123.0m	123.0m
FY13	nil	nil
FY14	nil	nil
FY15	124.5m	124.5m
FY16	nil	nil
FY17	21.0m	21.0m
FY18	nil	nil
FY19	235.0m	235.0m
Total	904.6m	1,303.5m

The Company continues to focus on the Net Debt to Management EBITDA ratio from a gearing perspective and this rose from 0.94 times at 30 June 2007 to 1.64 times at 30 June 2008. The increase was driven by acquisition and ordinary share buy back activities during FY08.

Capital expenditure for the twelve months was $42.8 million, an increase of $17.1 million over FY07. The increase on pcp was due largely to post acquisition property related expenditure.

Operating Costs - Overview

Operating costs were again contained in FY07, having increased 5% versus revenue growth of 12%. Total personnel costs (including technology) represent over 75% of total controllable costs and increased 11% on the back of acquisitions, whilst Cost of Sales was up marginally on the corresponding prior period.

Total technology spend for the twelve months was $157.2 million, which was 19% higher than FY07. Contributing to the higher spend was the increase of 104 global technology staff during FY08. Technology costs include $64.8 million (FY07:$43.3 million) in research & development expenditure, which was expensed during the period. The technology costs to sales revenue ratio was 10% for FY08.

____________________ Page 5 of 10 Full Year Results 13 August 2008

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MARKET ANNOUNCEMENT

Foreign Exchange Impact

If the US Dollar had remained at FY07 levels, Management EBITDA would have been reported to be approximately $454.9 million, a constant dollars increase of 23%, compared to reported Management EBITDA growth of 29%.

Distribution of Revenue/EBITDA (comparisons to corresponding period)

Regionally, revenues and EBITDA results were apportioned as follows:

	Revenue	Revenue	EBITDA	EBITDA
	FY08	FY07	FY08	FY07
North America	48%	55%	51%	57%
Asia/Pacific	28%	23%	23%	20%
EMEA	24%	22%	26%	23%

Management Adjustments

The Company will continue to provide a summary of Post Tax Management Adjustments in an effort to help Investors understand the comparative operating performance of the business.

Acquisition provisions ($2.6 million) that were not required were reversed. The adjustments largely related to the Equiserve acquisition.

Additional restructuring provisions were established for expected costs ($1.9 million) related to property rationalisation in the North American businesses following various acquisitions.

Derivatives that have not received hedge designation are marked to market at balance date and taken to profit & loss. As the valuations (gain of $1.0 million) relate to future estimated cash flows they are excluded from underlying financial analysis.

Customer contracts and other intangible assets are recognised separately from goodwill on acquisition and amortised over the appropriate life. This amount ($4.6 million) is added back to earnings as occurred previously with goodwill amortisation under AGAAP.

Tax losses ($1.7 million tax effected), largely related to the UK, that were not booked because their recognition was not probable have now been recognised through the profit and loss.

Acquisition related adjustments ($6.9 million) from the purchase of QM Technologies regarding restructuring, operational changes and property consolidation as referred to in the market announcement dated 6 February 2008.

Outlook for Financial Year 2009

The Company continues to target long-term growth in Management EPS of 20% per year, to be achieved by a combination of organic growth and acquisitions, as well as balance sheet management. Looking to FY09 and having regard to current equity, foreign exchange and interest rate market conditions, we expect Management EPS to be approximately 10% higher than FY08.

____________________ Page 6 of 10 Full Year Results 13 August 2008

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MARKET ANNOUNCEMENT

About Computershare Limited (CPU)

Computershare (ASX:CPU) is a global leader in share registration, employee equity plans, proxy solicitation and other specialized financial and communication services. Many of the world’s largest companies employ our innovative solutions to maximize the value of their relationships with investors, employees, customers and members.

Computershare has over 10,000 employees across the world and serves 14,000 corporations and 100 million shareholder and employee accounts in 17 countries across five continents. For more information, visit www.computershare.com

Certainty Ingenuity Advantage

For further information:

Mr Darren Murphy Head of Treasury and Investor Relations Tel: 61-3- 9415 5102 Mobile: 0418 392 687

____________________ Page 7 of 10 Full Year Results 13 August 2008

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MARKET ANNOUNCEMENT - APPENDIX

FINANCIAL SUMMARY

The FY08 result demonstrated the capacity of the Group to grow revenue and earnings despite conditions weakening in major markets. Interest rate levels fell in North American markets, nonetheless margin income grew on FY07 on the back of increased client balances. Continued focus on controllable costs and the ability to keep cost increases well below the rate of revenue growth once again contributed to the record result. Favourable exchange rate movements and share buy back activity also contributed to earnings per share growth.

Management adjusted basis	12 mths to June 2008	12 mths to June 2007	% Variance
Revenue	$1,582.5m	$1,418.4m	12%
EBITDA	$479.2m	$370.5m	29%
NPAT	$290.4m	$219.4m	32%
EPS (USD cents)	51.61	36.68	41%
Dividend per share (AUD cents)	21.0	17.0	24%

Cash flow generation from operations was again at record highs, although deterioration in collections late in the financial year saw the days sales outstanding rise marginally above last year’s outcome. Free cash flow, impacted by higher capital expenditure year on year, improved slightly on a comparative basis. Despite the improved cash flow outcome the net debt to EBITDA ratio was higher, driven by increased acquisition activity, particularly in the second half and ordinary share buy back activity.

Cash flow & Financing	12 mths to June 2008	12 mths to June 2007	Variance
Cash flow from Operations	$347.3m	$321.0m	8%
Free cash flow	$304.5m	$295.3m	3%
Days Sales Outstanding	44 days	43 days	(1) days
Net Debt to Management EBITDA	1.64 x	0.94 x	(0.70) x

____________________ Page 8 of 10 Full Year Results 13 August 2008

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MARKET ANNOUNCEMENT - APPENDIX

Revenue Analysis

Revenue Analysis
Comparatives	12 mths to June 2008 $ millions	12 mths to June 2007 $ millions	% Variance
Registry Maintenance	817.6	725.9	13%
Corporate Actions	303.6	252.5	20%
Stakeholder Relationship Management	89.0	86.9	2%
Employee Share Plans	119.0	117.1	2%
Communication Services	105.3	75.7	39%
Fund Services	91.3	116.1	(21%)
Technology and Other Revenue	56.8	44.2	28%
Total	1,582.5	1,418.4	12%

Total revenues grew 12% in comparison to FY07. Corporate Action revenue, underpinned by an excellent first half and supported by healthy margin income growth, was again strong. Communication Services revenue, benefiting from the QMT acquisition, also grew significantly. Registry maintenance revenues continued the growth trend over the past few years as a result of improved pricing outcomes in some regions and increasing contributions from businesses in Hong Kong, India and Russia. Favourable exchange rate movements also contributed to the year on year improvement.

Register Maintenance revenues grew 13% on FY07, with some improved pricing outcomes in Canada, Australia and the UK, partially offset by a reduction in transactional volume in the second half. Increased holders in HK from continued Chinese IPO activity throughout the past two years also contributed to the improvement. A full year contribution from smaller US registry acquisitions and continuation of the trend in India and Russia combined to deliver another year of double digit growth.

Growth in Corporate Action revenues was again exceptional at 20%. Whilst acceleration slowed in the second half as anticipated with prolonged equity and financial market instability, the emergence of capital reorganisations and sustained client balances in the second half helped maintain momentum. Hong Kong was again the standout contributor, especially in the first half, supported by substantial growth in Australia, India, the UK and South Africa.

Stakeholder Relationship Management revenues were marginally higher than FY07. Corporate Proxy revenues, whilst down slightly, were satisfactory based on slowing corporate action activity throughout the year. Revenues from the Pepper business were higher than FY07.

Employee Share Plans revenue was relatively flat year on year, with the UK business delivering revenue growth and Australia unchanged, offset by falls in the US and Canada as a result of weakening equity markets and lower interest rates in the region.

Computershare Communication Services external revenues grew 39% to $105.3 million. The substantial increase was driven by the Permail and QM Technologies acquisitions as well as improved sales in the existing Australian business. In addition to Communication Services external revenue, there is approximately $159.3 million of intersegment revenues (FY07; $153.9 million) that are included in the revenue of other businesses where there is a client-facing relationship. Corporate action activities in Australia and the UK were largely responsible for the uplift in inter-segment revenues.

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MARKET ANNOUNCEMENT - APPENDIX

Fund Services revenue was substantially lower than the record achieved in FY07 as a consequence of no major transactions in the US Fund sector. In contrast, Indian mutual fund revenues grew an outstanding 88%, continuing the trend of the past few years.

External technology and Other revenues were 28% higher in pcp terms, underpinned by the contributions from the Datacare Software Group, Restricted Stock Systems and VEM Aktienbank AG acquisitions.

Margin income contributed $217.5 million to revenue (FY07; $173.7 million), substantial growth as a result of higher cash balances and favourable exchange rate translation, partially offset by a fall in interest rate levels in the northern hemisphere. Recoverable income fell from $263.8 million in FY07 to $255.8 million, a decrease of 3%, lower due to less US Fund Services activity.

Operating Cost Summary

Operating Cost Summary
Comparatives	12 mths to June 2008 $ millions	12 mths to June 2007 $ millions	% Variance
Cost of Sales	284.4	278.6	2%
Personnel (excl Technology)	501.6	459.4	9%
Occupancy	63.9	64.5	(1%)
Other direct	66.1	77.2	(14%)
Technology services	156.4	131.3	19%
Corporate	33.5	39.9	(17%)
Total	1,106.0	1,050.9	5%

Operating costs were well contained, increasing only 5% on FY07 despite a 12% increase in revenues.

TAXATION

The normalised effective tax rate for FY08 was 26.4% (FY07; 28.5%), moderately lower due to the change in Group earnings mix.

____________________ Page 10 of 10 Full Year Results 13 August 2008

ASX PRELIMINARY FINAL REPORT

Computershare Limited

ABN 71 005 485 825

30 June 2008

Lodged with the ASX under Listing Rule 4.3A

Contents

Results for Announcement to the Market		2
Appendix 4E item 2
Preliminary consolidated income statement		4
Appendix 4E item 3
Preliminary consolidated balance sheet		5
Appendix 4E item 4
Preliminary consolidated statement of changes in equity		6
Preliminary consolidated cash flow statement		7
Appendix 4E item 5
Other Appendix 4E Information	8	- 18
Appendix 4E item 6 to 17

This report covers the consolidated entity consisting of Computershare Limited and its subsidiaries. The financial report is presented in United States dollars (unless otherwise stated).

• 1 -

COMPUTERSHARE LIMITED AND ITS SUBSIDIARIES YEAR ENDED 30 JUNE 2008 (Previous corresponding period year ended 30 June 2007) RESULTS FOR ANNOUNCEMENT TO THE MARKET

				US
				$000s
Revenue from continuing operations	up	11.2%	to	1,571,571
(Appendix 4E item 2.1)
Profit/(loss) after tax attributable to members	up	20.6%	to	281,971
(Appendix 4E item 2.2)
Net profit/(loss) for the period attributable to
members	up	20.6%	to	281,971
(Appendix 4E item 2.3)
Dividends	Amount per security		Franked amount per
(Appendix 4E item 2.4)			security
Final dividend	AU 11.0	cents		30%
Interim dividend	AU 10.0	cents		20%
Record date for determining entitlements to the	final dividend			5 September 2008

Record date for determining entitlements to the final dividend (Appendix 4E item 2.5)

Explanation of Revenue (Appendix 4E item 2.6)

Total revenue from continuing operations for the year ended 30 June 2008 is $1,571.6 million representing an increase of 11.2% over the last corresponding period.

Corporate Action revenue, underpinned by an excellent first half and supported by healthy margin income growth was again strong. Communication Services revenue, benefiting from the QMT acquisition, also grew significantly. Registry maintenance revenue continued the growth trend over the past few years as a result of improved pricing outcomes in some regions and increasing contributions from businesses in Hong Kong, India and Russia. Favourable exchange rate movements also contributed to the year on year improvement.

Explanation of Profit/(loss) from ordinary activities after tax (Appendix 4E item 2.6)

The current year EBITDA result is $471.8 million including significant item expense of $7.3 million. Net profit after tax is $282.0 million, including significant item expense of $8.4 million (refer note 3), an increase of 20.6% from the prior year.

The increase was driven by continued focus on controllable costs and the ability to keep cost increases below the rate of revenue growth. Strong corporate actions activity, particularly in the first half, a substantial increase in client balances and the impact of favourable exchange rate movements also contributed to the uplift.

The Group’s effective tax rate has increased from 25.8% for the year ended 30 June 2007 to 26.0 % in the current financial year.

Explanation of Net Profit/(loss) (Appendix 4E item 2.6)

Please refer above.

• 2 -

COMPUTERSHARE LIMITED AND ITS SUBSIDIARIES YEAR ENDED 30 JUNE 2008 (Previous corresponding period year ended 30 June 2007) RESULTS FOR ANNOUNCEMENT TO THE MARKET

Explanation of Dividends (Appendix 4E item2.6)

The following dividends have been paid, declared or recommended since the end of the preceding financial year:

Ordinary shares

A final dividend in respect of the year ended 30 June 2007 was declared on 15 August 2007 and paid on 21 September 2007. This was an ordinary dividend of AU 9.0 cents per share unfranked, amounting to AU $51,638,553 (US $46,162,730).

An interim ordinary dividend in respect of the half year ended 31 December 2007 was declared on 13 February 2008 and paid on 25 March 2008. This was an ordinary dividend of AU 10.0 cents per share franked to 20.0% amounting to AU$55,565,406 (US$ 49,672,672).

A final dividend in respect of the year ended 30 June 2008 was declared by the directors of the Company on 13 August 2008, to be paid on 19 September 2008. This is an ordinary dividend of AU 11.0 cents per share, franked to 30.0%. As the dividend was not declared until 13 August 2008 a provision has not been recognised as at 30 June 2008.

Other information

On-market ordinary share buy-back program

On 18 October 2007, Computershare completed the on-market buy-back program when the total number of shares bought back and cancelled reached 45 million. The total cost of the buy-back program was AU $445.8 million with an average price of AU $9.91 and a price range from AU $8.52 to AU $11.00.

Debt Facility

During FY08 Computershare increased its bank debt facilities from AU$ 400 million to US$ 750 million via 1 and 3 year tranches. The lender group increased from 2 to 5 lenders.

Post balance date on 29 July 2008 Computershare issued notes in the US Private Placement market, raising US$ 235 million maturing in 10 years for a fixed coupon of 6.34%.

• 3 -

COMPUTERSHARE LIMITED AND ITS SUBSIDIARIES PRELIMINARY CONSOLIDATED INCOME STATEMENT FOR THE YEAR ENDED 30 JUNE 2008

Note Revenue from continuing operations Sales revenue Other revenue Total revenue from continuing operations Other income Expenses Direct services Technology services Corporate services Finance costs Total expenses Share of net profit/(loss) of associates accounted for using the equity method 15 Profit before related income tax expense Income tax expense 4 Net profit Net profit attributable to minority interests Profit attributable to members of the parent entity Basic earnings per share (cents per share) 9 Diluted earnings per share (cents per share) 9	2008 2007 $000 $000 1,563,971 1,404,197 7,600 8,492
	1,571,571 1,412,689 15,189 15,310 960,092 915,626 166,461 138,686 30,680 22,058 41,530 31,094
	1,198,763 1,107,464 2,687 2,957 390,684 323,492 101,558 83,615
	289,126 239,877 (7,155) (6,092)
	281,971 233,785
	50.12 39.08 49.89 39.00

• 4 -

COMPUTERSHARE LIMITED AND ITS SUBSIDIARIES PRELIMINARY CONSOLIDATED BALANCE SHEET AS AT 30 JUNE 2008

Note CURRENT ASSETS Cash assets and cash equivalents Receivables Financial assets held for trading Available-for-sale financial assets at fair value Other financial assets Inventories Current tax assets Derivative financial instruments Other current assets Total Current Assets NON-CURRENT ASSETS Receivables Investments accounted for using the equity method Available-for-sale financial assets at fair value Property, plant & equipment Deferred tax assets Derivative financial instruments Intangibles Other Total Non-Current Assets Total Assets CURRENT LIABILITIES Payables Interest bearing liabilities Current tax liabilities Provisions Derivative financial instruments Deferred consideration Total Current Liabilities NON-CURRENT LIABILITIES Payables Interest bearing liabilities Deferred tax liabilities Provisions Derivative financial instruments Deferred consideration Other Total Non-Current Liabilities Total Liabilities Net Assets EQUITY Contributed equity - ordinary shares Reserves Retained profits 5 Total parent entity interest Minority interest Total Equity	2008 2007 $000 $000 124,235 86,801 279,657 225,714 29,107 - 1,430 1,294 30,901 25,768 11,753 8,536 18,974 360 375 - 19,697 20,418
	516,129 368,891 8,082 8,872 11,078 16,101 7,191 5,186 107,393 79,512 85,442 56,756 21,075 1,719 1,480,557 1,197,345 1,071 733
	1,721,889 1,366,224
	2,238,018 1,735,115
	308,041 260,410 29,804 1,151 48,200 21,307 43,475 34,676 609 1,364 6,783 19,643
	436,912 338,551 1,754 5,476 881,118 433,948 68,158 17,921 51,631 54,260 2,864 25,317 17,589 19,501 7,796 7,567
	1,030,910 563,990
	1,467,822 902,541
	770,196 832,574
	31,689 344,541 126,437 63,894 600,794 414,658
	758,920 823,093 11,276 9,481
	770,196 832,574

• 5 -

COMPUTERSHARE LIMITED AND ITS SUBSIDIARIES PRELIMINARY CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2008

Note Total equity at the beginning of the year Available-for-sale financial assets, net of tax Cash flow hedges, net of tax Exchange differences on translation of foreign operations Net income recognised directly in equity Profit for the year Total recognised income and expense for the year Transactions with equity holders in their capacity as equity holders: Contributions of equity, net of transaction costs Dividends provided for or paid 5 Share buy back Acquisition related share transactions Employee share based remuneration reserve On market purchase of shares related to employee share plans Equity related contingent consideration Minority interest Total equity at the end of the year Total recognised income and expense for the year is attributable to: Members of Computershare Limited Minority interest	2008 2007 $000 $000 832,574 699,868 (768) 1,047 23,046 (1,881) 30,069 38,283
	52,347 37,449 281,971 233,785
	334,318 271,234
	- 5,700 (95,835) (70,252) (306,824) (80,193) 4,446 1,175 12,558 9,329 (10,473) (561) (2,363) (6,359) 1,795 2,633
	(396,696) (138,528)
	770,196 832,574
	334,318 271,234 7,155 6,092
	341,473 277,326

• 6 -

COMPUTERSHARE LIMITED AND ITS SUBSIDIARIES PRELIMINARY CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2008

Note CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers (inclusive of GST) Payments to suppliers and employees (inclusive of GST) Dividends received Interest paid and borrowing costs Interest received Income taxes paid Net cash inflow from operating activities 17 CASH FLOWS FROM INVESTING ACTIVITIES Payments for purchase of subsidiaries, net of cash acquired Payments for investment in associated entities and joint ventures Dividend received Proceeds from sale of assets Payments for investments Payments for property, plant and equipment Proceeds from sale of subsidiaries, net of cash disposed Other Net cash outflow from investing activities CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from issues of ordinary shares Payments for purchase of ordinary shares Buy-back of ordinary shares Proceeds from borrowings Repayment of borrowings Dividends paid – ordinary shares Dividend paid – minority interest in subsidiaries Proceeds from finance leases Repayment of finance leases Net cash outflow from financing activities Net increase (decrease) in cash and cash equivalents held Cash and cash equivalents at the beginning of the financial year Exchange rate variations on foreign cash balances Cash and cash equivalents at the end of the financial year	2008 2007 $000 $000 1,570,140 1,421,897 (1,112,875) (1,025,137) 314 92 (44,662) (32,708) 9,006 6,589 (74,590) (49,762)
	347,333 320,971
	(308,271) (81,783) (55) (10,881) 6,808 - 20,739 21,204 (12,845) (19,496) (42,764) (25,658) (105) 20,246 (1,481) (1,626)
	(337,974) (97,994)
	- 5,701 (11,149) (1,467) (306,824) (80,193) 627,500 184,151 (189,729) (240,614) (95,835) (70,252) (3,620) (7,693) 8,253 719 (3,573) (2,597)
	25,023 (212,245)
	34,382 10,732 86,801 72,801 3,052 3,268
	124,235 86,801

• 7 -

COMPUTERSHARE LIMITED AND ITS SUBSIDIARIES SUPPLEMENTARY APPENDIX 4E INFORMATION

1 STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES

There have been no significant changes in accounting policy since the year ended 30 June 2007 which impact the financial results disclosed in this document.

This general purpose financial report for the reporting period ended 30 June 2008 has been prepared in accordance with Australian equivalents to International Financial Reporting Standards (AIFRS), other authoritative pronouncements of the Australian Accounting Standards Board, Urgent Issues Group Interpretations and the Corporations Act 2001 .

This report is to be read in conjunction with any public announcements made by Computershare Limited during the reporting period in accordance with the continuous disclosure requirements of the Corporations Act 2001 and Australian Stock Exchange Listing Rules.

Where necessary, comparative figures have been adjusted to conform with changes in presentation in the current period.

2 MATERIAL FACTORS AFFECTING THE ECONOMIC ENTITY FOR THE CURRENT PERIOD

Refer to the attached Market Announcement for discussion of the nature and amount of material items affecting revenue, expenses, assets, liabilities, equity or cash flows, where their disclosure is relevant in explaining the financial performance or position of the entity for the period.

3 INDIVIDUALLY SIGNIFICANT ITEMS

Included in the consolidated income statement are the following items that are significant because of their nature, size or incidence:

For the year ended 30 June 2008:

Restructuring provisions related to business combinations (net of tax) QMT acquisition North America - Property restructure - Equiserve restructuring provision adjustment Other acquisitions Loss on disposal of controlled entities Tax losses recognised Marked to market adjustments – derivatives (net of tax) Intangible asset amortisation (net of tax) Other Net individually significant item expense	(6,915) (1,913) 2,927 (299)	Total $000 (6,200) (480) 1,746 964 (4,641) 193
		(8,418)

• 8 -

COMPUTERSHARE LIMITED AND ITS SUBSIDIARIES SUPPLEMENTARY APPENDIX 4E INFORMATION

For the year ended 30 June 2007:

Profit on sale of subsidiaries (net of tax) - Analytics 7,658 - Other 228 Canadian operations restructure (net of tax) Restructuring provisions related to business combinations (net of tax) North America - Equiserve restructuring provisions adjustment 6,607 - Property restructure (1,275) Tax losses recognised Marked to market adjustments – derivatives (net of tax) Intangible asset amortisation (net of tax) Net individually significant item income 4 RECONCILIATION OF INCOME TAX EXPENSE a) Income tax expense Current tax expense Deferred tax expense Under (over) provided in prior years Total Income tax expense Deferred income tax (revenue) expense included in income tax expense comprises: Decrease (increase) in deferred tax assets (Decrease) increase in deferred tax liabilities b) Numerical reconciliation of income tax expense to prima facie tax payable Profit before income tax expense The tax expense for the financial year differs from the amount calculated on the profit. The differences are reconciled as follows: Prima facie income tax expense thereon at 30% Tax effect of permanent differences: Non deductible expenses (including depreciation and amortization) Research and development allowance Tax losses utilised not previously brought to account Benefit of tax losses not booked Non deductible share based payments Finance costs Other deductible items Non assessable accounting profit on the sale of assets Other Differential in overseas tax rates Prior year tax (over)/under provided Restatement of deferred tax balances due to income tax rate changes Income tax expense	7,658 228	Total $000 7,886 (1,254) 5,332 6,819 (179) (4,246) 14,358 2008 2007 $000 $000 78,360 74,101 27,770 8,597 (4,572) 917
	6,607 (1,275)
		101,558 83,615
		(20,875) 7,937 48,645 660
		27,770 8,597
		390,684 323,492 117,205 97,048 1,412 1,465 (2,199) (1,219) - (6,993) 796 - 550 1,808 - (3,453) (11,503) (9,357) (774) (2,573) (2,921) (517) 5,054 6,865 (4,572) 917 (1,490) (376)
		101,558 83,615

• 9 -

COMPUTERSHARE LIMITED AND ITS SUBSIDIARIES SUPPLEMENTARY APPENDIX 4E INFORMATION

c) Amounts recognised directly in equity and goodwill Deferred tax – debited (credited) directly to equity d) Unrecognised tax losses	2008 2007 $000 $000
	650 (1,135)

As at 30 June 2008 companies within the consolidated entity had estimated unconfirmed tax losses (including capital losses) of $45,916,998 (2007: $44,229,974) available to offset against future years’ taxable income.

e) Tax consolidation

Computershare Limited and its wholly-owned Australian entities implemented the tax consolidation regime with effect from 1 July 2002. The Australian Taxation Office has been formally notified of this decision.

The relevant entities have also entered into a tax sharing agreement. As a consequence, Computershare Limited, as the head entity in the tax consolidation Group, has recognised the current tax liability relating to transactions, events and balances of the wholly owned Australian subsidiaries in this Group in the financial statements as if that liability was its own, in addition to recognising the current tax liability arising in relation to its own transactions, events and balances. Amounts receivable or payable under the tax sharing agreement are recognised separately as tax related intercompany payables or receivables.

5 RETAINED EARNINGS (Appendix 4E item 8)

Retained profits Retained profits at the beginning of the financial year Ordinary dividends provided for or paid Net profit/(loss) attributable to members of Computershare Limited Retained profits at the end of the financial year	Consolidated 2008 2007 $000 $000 414,658 251,125 (95,835) (70,252) 281,971 233,785
	600,794 414,658

6 ADDITIONAL DIVIDEND INFORMATION (Appendix 4E item 6)

Details of dividends declared or paid during or subsequent to the year ended 30 June 2008 are as follows:

Record date	Payment date	Type	Amount per security	Total dividend	Franked amount per security	Conduit Foreign Income amount per security
6 September 2007	21September 2007	Final	AU 9 cents	AU $51,638,553	$nil	AU 9 cents
3March 2008	25March 2008	Interim	AU10 cents	AU $55,565,406	AU2cents	AU 8 cents
5 September 2008	19 September 2008	Final	AU 11 cents	AU $61,121,946 *	AU 3.3 cents **	AU 7.7 cents

• Based on 555,654,059 shares on issue as at 11 August 2008

** dividend franked to 30%

7 DIVIDEND REINVESTMENT PLANS (Appendix 4E item 7)

The company has no dividend reinvestment plan in operation.

8 NTA BACKING (Appendix 4E item 9)

8 NTA BACKING (Appendix 4E item 9)
	2008	2007
Net tangible asset backing per ordinary share	(1.45)	(0.73)

• 10 -

COMPUTERSHARE LIMITED AND ITS SUBSIDIARIES SUPPLEMENTARY APPENDIX 4E INFORMATION

9 EARNINGS PER SHARE (Appendix 4E item 14.1)

Year end 30 June 2008 Earnings per share (cents per share) Net profit Minority interest (profit)/loss Inclusion of significant items – refer Note 3 Net profit Weighted average number of ordinary shares used as denominator in calculating basic earnings per share Weighted average number of ordinary and potential ordinary shares used as denominator in calculating diluted earnings per share Year end 30 June 2007 Earnings per share (cents per share) Net profit Minority interest (profit)/loss Exclusion of significant items – refer Note 3 Net profit Weighted average number of ordinary shares used as denominator in calculating basic earnings per share Weighted average number of ordinary and potential ordinary shares used as denominator in calculating diluted earnings per share	Calculation of Basic EPS Calculation of Diluted EPS Calculation of Management EPS Calculation of Management Diluted EPS $000 $000 $000 $000 50.12 cents 49.89 cents 51.61 cents 51.38 cents 289,126 289,126 289,126 289,126 (7,155) (7,155) (7,155) (7,155) - - 8,418 8,418
	281,971 281,971 290,389 290,389
	562,627,768 562,627,768 565,136,648 565,136,648 Calculation of Basic EPS Calculation of Diluted EPS Calculation of Management EPS Calculation of Management Diluted EPS $000 $000 $000 $000 39.08 cents 39.00 cents 36.68 cents 36.61 cents 239,877 239,877 239,877 239,877 (6,092) (6,092) (6,092) (6,092) - - (14,358) (14,358)
	233,785 233,785 219,427 219,427
	598,195,249 598,195,249 599,438,179 599,438,179

Reconciliation of weighted average number of shares used as the denominator:

Weighted average number of ordinary shares used as the denominator in calculating basic earnings per share Adjustments for calculation of diluted earnings per share: Options Equity related contingent consideration Performance rights Weighted average number of ordinary shares and potential ordinary shares used as the denominator in calculating diluted earnings per share	Consolidated 2008 Number 2007 Number 562,627,768 598,195,249 5,479 - 3,401 3,204 2,500,000 1,239,726
	565,136,648 599,438,179

• 11 -

COMPUTERSHARE LIMITED AND ITS SUBSIDIARIES SUPPLEMENTARY APPENDIX 4E INFORMATION

The Directors and Management have determined that the exclusion of certain items permits a more appropriate and meaningful analysis of the Company’s underlying performance on a comparative basis. Internally, the organisation focuses on the adjusted financial outcomes known as Management Adjusted Results. The above net profit used in the Management EPS calculation reflects the Management Adjusted Results.

On 13 September 2007, 200,000 employee options were issued. These options are exercisable between 1 March 2011 and 30 June 2012 with an exercise price of AU $9.00. No employee options have been issued since year end.

10 SHARE BUYBACK (Appendix 4E item 14.2)

Ordinary shares

On 15 November 2006, Computershare announced an on-market buy back of up to 25 million ordinary shares for capital management purposes, commencing in December 2006. On 24 May 2007 Computershare announced that the buy back would be extended so that it would continue until 29 November 2007 or earlier if the maximum number of shares were bought back before that date. On 15 August 2007 Computershare announced that the buy-back was being increased up to a total of 45 million ordinary shares under the existing program and that the buy back period was being extended to 31 January 2008.

From 1 July 2007 to 18 October 2007, the Company purchased and cancelled 35,205,009 ordinary shares at a total cost of AU $343.2 million (US $306.8 million) with an average price of AU $9.75 and a price range from AU $8.76 to AU $11.00.

On 18 October 2007, Computershare completed the on-market buy-back program when the total number of shares bought back and cancelled reached 45 million. The total cost of the buy-back program was AU $445.8 million with an average price of AU $9.91 and a price range from AU $8.52 to AU $11.00.

11 SEGMENT INFORMATION (Appendix E item 14.4)

The consolidated entity operates predominantly in three geographic segments: Asia Pacific; Europe, Middle East & Africa (EMEA) and North America.

Asia Pacific includes Australia, New Zealand, India and Hong Kong. The EMEA region comprises of operations in the UK, Ireland, Germany, South Africa and Russia. North America includes the US and Canada.

In each region the consolidated entity operates in five business segments: Investor Services, Plan Services, Communication Services, Stakeholder Relationship Management Services and Technology Services.

The Investor Services operations comprise the provision of share registry and related services. The Plan Services operations comprise the provision and management of employee share and option plans. Communication Services operations comprise laser imaging, intelligent mailing, scanning and electronic delivery. Stakeholder Relationship Management Services Group comprise the provision of investor analysis, investor communication and management information services to companies, including their employees, shareholders and other security industry participants. Technology Services include the provision of software specializing in share registry and financial services. Intersegment charges are at normal commercial rates.

All corporate entities have been included as unallocated in the geographic and business segments. Corporate entities’ main purpose is to hold intercompany investments and conduct financing activities. Previously corporate entities were reflected in the geographic region of incorporation and corporate business segments, accordingly the 30 June 2007 comparatives have been updated. The most significant changes to the 30 June 2007 geographic segment profit before income tax were corporate entity transactions relating to transfer pricing revenue, profit on sale of Analytics business and external interest expense now being included in unallocated. The most significant change to the 30 June 2007 business segment profit before income tax was that profit on sale of Analytics is now included in unallocated.

Geographical segments are presented as the primary reporting segment of the Group, reflecting the manner in which the Group has been internally managed and financial information reported to the Board in the current financial year.

• 12 -

COMPUTERSHARE LIMITED AND ITS SUBSIDIARIES SUPPLEMENTARY APPENDIX 4E INFORMATION

PRIMARY BASIS – Geographical Segments 2008

Major geographic segments Revenue External revenue Intersegment revenue Total segment revenue Other income Segment Result Profit/(loss) before income tax Income tax expense Profit after income tax Depreciation Other non-cash expenses Liabilities Total segment liabilities Assets Total segment assets Carrying value of investments in associates and joint ventures included in segment assets Segment assets acquired during the reporting period: Property, plant & equipment Other non current segment assets Total	Asia Pacific EMEA North America Unallocated/ Eliminations $000 $000 $000 $000 434,337 363,254 766,468 7,512 7,182 9,382 1,595 (18,159)	Consolidated Total $000 1,571,571 -
	441,519 372,636 768,063 (10,647)	1,571,571
	248 8,545 1,809 4,587 91,288 79,749 171,016 48,631 11,090 10,903 16,046 1,635 - - - 3,853 72,643 151,522 199,227 1,044,430	15,189 390,684 (101,558)
		289,126
		39,674 3,853 1,467,822
	435,653 364,033 1,175,710 262,622	2,238,018
	1,737 9,341 - -	11,078
	23,845 7,430 21,385 5,336 122,851 82,388 47,814 -	57,996 253,053
	146,696 89,818 69,199 5,336	311,049

• 13 -

COMPUTERSHARE LIMITED AND ITS SUBSIDIARIES SUPPLEMENTARY APPENDIX 4E INFORMATION

PRIMARY BASIS – Geographical Segments 2007

Major geographic segments Revenue External revenue Intersegment revenue Total segment revenue Other income Segment Result Profit/(loss) before income tax Income tax expense Profit after income tax Depreciation Other non-cash expenses Liabilities Total segment liabilities Assets Total segment assets Carrying value of investments in associates and joint ventures included in segment assets Segment assets acquired during the reporting period: Property, plant & equipment Other non current segment assets Total	Asia Pacific EMEA North America Unallocated/ Eliminations $000 $000 $000 $000 311,936 309,266 781,602 9,885 3,946 9,455 1,916 (15,317)	Consolidated Total $000 1,412,689 -
	315,882 318,721 783,518 (5,432)	1,412,689
	958 1,332 462 12,558 71,271 54,916 144,098 53,207 7,703 9,696 13,155 1,468 - - - 3,082 41,439 114,852 231,492 514,758	15,310 323,492 (83,615)
		239,877
		32,022 3,082 902,541
	261,186 230,388 1,074,457 169,084	1,735,115
	905 15,196 - -	16,101
	8,040 8,854 7,772 1,705 33,321 5,265 24,942 -	26,371 63,528
	41,361 14,119 32,714 1,705	89,899

• 14 -

COMPUTERSHARE LIMITED AND ITS SUBSIDIARIES SUPPLEMENTARY APPENDIX 4E INFORMATION

SECONDARY BASIS - Business Segments 2008

Major business segments Revenue External revenue Intersegment revenue Total segment revenue Other income Segment Result Profit/(loss) before income tax Income tax expense Profit after income tax Depreciation Other non-cash expenses Liabilities Total segment liabilities Assets Total segment assets Carrying value of investments in associates and joint ventures included in segment assets Segment assets acquired during the reporting period: Property, plant & equipment Other non current segment assets Total	Shareholder Relationship Management Services Communication Services Investor Services Plan Services Technology Services Unallocated/ Eliminations $000 $000 $000 $000 $000 $000	Consolidated Total $000
	86,136 103,529 1,217,955 118,918 37,520 7.513 2,194 159,264 3,736 2,088 172,165 (339,447)	1,571,571 -
	88,330 262,793 1,221,691 121,006 209,685 (331,934)	1,571,571
	346 105 9,729 299 123 4,587 10,893 19,616 280,223 18,975 13,199 47,778 458 7,582 15,707 510 13,782 1,635 - - - - - 3,853 11,328 35,052 310,355 41,370 25,287 1,044,430	15,189 390,684 (101,558)
		289,126
		39,674 3,853 1,467,822
	114,709 216,004 1,522,718 32,883 89,082 262,622	2,238,018
	- - 11,078 - - -	11,078
	93 14,750 27,887 5 9,925 5,336 - 120,532 95,004 - 37,517 -	57,996 253,053
	93 135,282 122,891 5 47,442 5,336	311,049

• 15 -

COMPUTERSHARE LIMITED AND ITS SUBSIDIARIES SUPPLEMENTARY APPENDIX 4E INFORMATION

SECONDARY BASIS - Business Segments 2007

Major business segments Revenue External revenue Intersegment revenue Total segment revenue Other income Segment Result Profit/(loss) before income tax Income tax expense Profit after income tax Depreciation Other non-cash expenses Liabilities Total segment liabilities Assets Total segment assets Carrying value of investments in associates and joint ventures included in segment assets Segment assets acquired during the reporting period: Property, plant & equipment Other non current segment assets Total	Shareholder Relationship Management Services Communication Services Investor Services Plan Services Technology Services Unallocated/ Eliminations $000 $000 $000 $000 $000 $000	Consolidated Total $000
	85,527 75,678 1,097,887 116,907 26,806 9,884 3,566 153,899 3,906 2,578 136,549 (300,498)	1,412,689 -
	89,093 229,577 1,101,793 119,485 163,355 (290,614)	1,412,689
	383 53 2,039 6 272 12,557 11,989 21,986 212,216 12,907 12,134 52,260 506 5,556 13,938 395 10,159 1,468 - - - - - 3,082 11,436 15,611 306,686 34,469 19,581 514,758	15,310 323,492 (83,615)
		239,877
		32,022 3,082 902,541
	107,584 61,297 1,326,803 35,000 35,347 169,084	1,735,115
	- - 16,101 - - -	16,101
	153 2,511 9,903 139 11,960 1,705 - 893 61,149 - 1,486 -	26,371 63,528
	153 3,404 71,052 139 13,446 1,705	89,899

• 16 -

COMPUTERSHARE LIMITED AND ITS SUBSIDIARIES SUPPLEMENTARY APPENDIX 4E INFORMATION

12 TRENDS IN PERFORMANCE (Appendix 4E item 14.5)

Refer to attached Market Announcement.

13 OTHER FACTORS THAT AFFECTED RESULTS IN THE PERIOD OR WHICH ARE LIKELY TO AFFECT RESULTS IN THE FUTURE (Appendix 4E item 14.6)

Refer to attached Market Announcement.

14 SUBSIDIARIES ACQUIRED OR DISPOSED OF DURING THE PERIOD (Appendix 4E item 10)

Acquired	Datacare Software	Restricted Stock	Administar Services
	Group Limited	Systems, Inc	Group LLC
Date control gained	4 July 2007	8 October 2007	18 October 2007
Contribution to profit/(loss) after tax
in current period, where material	Immaterial	Immaterial	Immaterial
Profit/(Loss) after tax during the
whole of the previous corresponding
period, where material	Immaterial	Immaterial	Immaterial
Acquired			VEM Aktienbank
	Four Points BVBA	Ezicomms Pty Ltd	AG
Date control gained	1 November 2007	20 December 2007	1 February 2008
Contribution to profit/(loss) after tax
in current period, where material	Immaterial	Immaterial	Immaterial
Profit/(Loss) after tax during the
whole of the previous corresponding
period, where material	Immaterial	Immaterial	Immaterial
Acquired	QM Technologies	Strand Business	Audience Alive Pty
	Limited	System Limited	Ltd
Date control gained	26 March 2008	7 April 2008	1 June 2008
Contribution to profit/(loss) after tax
in current period, where material	Immaterial	Immaterial	Immaterial
Profit/(Loss) after tax during the
whole of the previous corresponding
period, where material	Immaterial	Immaterial	Immaterial
Disposed of	Whistler Technology
	Services Inc
	(Philippines)
Date control lost	30 June 2008
Contribution to profit/(loss) after tax
in current period, where material	Immaterial
Profit/(Loss) after tax during the
whole of the previous corresponding
period, where material	Immaterial

15 ASSOCIATES AND JOINT VENTURE ENTITIES (Appendix 4E item 11)

Name	Place of Incorporation	Ownership	interest
		2008	2007
		%	%
Chelmer Limited	New Zealand	50	50
Japan Shareholder Services	Japan	50	50
Netpartnering	United Kingdom	25	25
Nikoil	Russia	40	40

The share of net profit of associates and joint ventures accounted for using the equity method for the year ended 30 June 2008 is $2.7 million (2007: $3.0 million).

• 17 -

COMPUTERSHARE LIMITED AND ITS SUBSIDIARIES SUPPLEMENTARY APPENDIX 4E INFORMATION

16 OTHER SIGNIFICANT INFORMATION (Appendix 4E item 12)

Refer to attached Market Announcement.

17 RECONCILIATION OF NET PROFIT AFTER TAX TO CASH FLOWS FROM OPERATING ACTIVITIES

Net profit after income tax Adjustments for non-cash income and expense items: Depreciation and amortisation (Profit)/loss on sale of non current assets Share of net profit of associates accounted for using equity method Employee benefits – share based payments Financial instruments Changes in assets and liabilities: (Increase)/decrease in accounts receivable (Increase)/decrease in net tax balances (Increase)/decrease in inventory (Increase)/decrease in prepayments and other assets Increase/(decrease) in payables and provisions Increase/(decrease) in reserves Net cash and cash equivalents provided by operating activities

2008 2007 $000 $000 289,126 239,877 41,587 32,022 (5,736) (12,567) (2,687) (2,957) 11,464 10,608 (603) 255 (28,271) (11,106) 26,968 33,853 (1,814) (932) 2,145 (1,878) 17,703 29,481 (2,549) 4,315

347,333 320,971

18 AUDIT STATUS (Appendix 4E item 15)

This report is based on accounts which are in the process of being audited.

19 COMMENTARY ON RESULTS (Appendix 4E item 14)

Refer to attached Market Announcement.

20 SIGNIFICANT FEATURES OF OPERATING PERFORMANCE (Appendix 4E item 14.3)

Refer to attached Market Announcement.

21 BUSINESS COMBINATIONS

In accordance with accounting policy the acquisition accounting for U.S Stock Transfer Agent Corporation, Permail Pty Ltd, PortfolioServer, Datacare Software Group Limited, and UMB Bank business combinations has been finalised. The acquisition accounting for these business combinations has been finalised with the recognition of intangible assets separately from goodwill of US$6.6 million.

• 18 -

Computershare Limited Full Year Results 2008 Presentation

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Introduction Financial
CEO’s Report
Results
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Introduction
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Stuart Crosby President & CEO

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Introduction
Results Highlights
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› Management EPS of 51.61 cents, up 41%

› Management Net Profit After OEI of $290.4m, up 32%

› Operating cash flows of $347.3m, up 8%

› Total Operating Revenues of $1,582.5m, up 12%

› Operating Costs of $1,106.0m, up 5%

› Final Dividend of 11 cents* (AUD) per share, up 22%

› Dividend franking – 30% franked

Note: all results are in USD except for dividend; all comparisons with FY07

*30% franked

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Introduction
Computershare Strengths
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› Strong and sustained earnings and cashflow growth

• › More than 70% of Revenue recurring in nature

• › Diversified across business lines and globally – across 17 countries including growth engines China, India and Russia

• › 1[st] or 2[nd] in all registry markets we service

› Demonstrated ability to acquire and integrate businesses

› Proven technology capabilities and innovation

› Long term client relationships

• › Only global provider, offering our clients and their investors unique cross-border transaction services

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Outlook Introduction
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Long-term growth in management EPS of 20% per year remains the target, to be achieved by a combination of organic growth and acquisitions, as well as balance sheet management.

Looking to FY09 and having regard to current equity, foreign exchange and interest rate market conditions, we expect Management EPS to be approximately 10% higher than FY08.

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Introduction Financial
CEO’s Report
Results
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Financial
Results
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Tom Honan CFO

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Financial
Group Financial Performance – US$m Results
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	Group Financial Performance – US$m Financial Results
	FY08 FY07 Variance Sales Revenue 1,564.0 1,404.2 11% Interest & Other Income 18.6 14.2 31% Total Revenue 1,582.5 1,418.4 12% Operating Costs 1,106.0 1,050.9 (5%) Share of Net (Profit)/Loss of Associates (2.7) (3.0) Management EBITDA 479.2 370.5 29% Management Adjustments - Revenue/(Expense) (7.3) 16.1 Reported EBITDA 471.9 386.6 22% Management EPS 51.61 36.68 41%

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FY08 NPAT Analysis Financial
Results
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$USm
350
33.9 6.9 1 EBITDA - AP
300 10.4
19.4 2 EBITDA - EMEA
1.1
39.5
3 EBITDA - NA
250
35.4
4 Depn & Amort
290.4
5 Interest
200
219.4
6 Tax
150 7 OEI
FY07 NPAT 1 2 3 4 5 6 7 FY08 NPAT
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Management EPS Performance Financial
Results
Rolling 12 months
US cents
60
50
40
30
20
10
0
FY03 FY04 FY05 FY06 FY07 FY08
11
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Analysis of Management EPS – Financial
Half Year Comparison Results
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US cents
30.00
25.00
20.00
15.00
10.00
5.00
0.00
1H05 2H05 1H06 2H06 1H07 2H07 1H08 2H08
6.60 9.52 8.82 13.92 17.86 18.83 27.36 24.26
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Financial
Results
Net Operating Cash Flows
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$USm
Operating Cash Flow Vs. Capital Expenditure
347.3
350
321.0
300
250
200 183.6
150
109.8
100
42.8
50
23.7 25.0 25.7
0
FY05 FY06 FY07 FY08
Operating Cash Flows Capital Expenditure
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Financial
Free Cash Flow Results
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$USm
Operating Cash Flows less Capital Expenditure
350
304.5
Free Cash Flow: 295.3
300
- 3 year CAGR 52%
- 5 year CAGR 54%
250
200
158.6
150
86.1
100
50
0
FY05 FY06 FY07 FY08
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Financial
Full Year Comparisons – Revenue & EBITDA
Results
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$USm
$USm
1800 600.0
479.2
1600
500.0
1400
R E
370.5
e B
1200 400.0
v I
e T
n 1000 D
240.1
u 300.0 A
e 800
600 200.0
400
100.0
200
1214.7 1418.4 1582.5
0 0.0
FY06 FY07 FY08
Total Revenue M anagement EBITDA
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Financial
Results
Half Year Comparisons – Revenue & EBITDA
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1st Half
$USm $USm $USm 2nd Half $USm
800 300 800 300
257.4
700 700
250 250
221.8
600 600
188.7
200 181.7 200
500 500
400 150 400 140.4 150
99.7
300 300
100 100
200 200
50 50
100 100
588.1 694.0 788.2 626.7 724.4 794.3
0 0 0 0
1H06 1H07 1H08 2H06 2H07 2H08
Revenue Management EBITDA Revenue Management EBITDA
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Financial
Management EBITDA Margin
Results
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----- Start of picture text -----

35.0%
30.3%
30.0%
26.1%
25.0%
19.6%
20.0%
19.8%
15.0%
10.0%
FY05 FY06 FY07 FY08
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Financial
Revenue Breakdown – US$m Results
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Register Maintenance Corporate Actions Fund Services Stakeholder Relationship Mgt Employee Share Plans Communication Services Technology & Other Revenues Total Revenue	FY08 817.6 303.6 91.3 89.0 119.0 105.3 56.8 1,582.5	FY07 725.9 252.5 116.1 86.9 117.1 75.7 44.2 1,418.4	Variance 13% 20% (21%) 2% 2% 39% 29%
			12%

Note: Included in the revenue results are $217.5m of Margin Income (FY07: $173.7m) and $255.8m of Recoverable Income (FY07: $263.8m).

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Margin Income analysis Financial
Results
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	Margin Income analysis Financial Results
	117.5 173.7 217.5 0 50 100 150 200 250 FY06 FY07 FY08 US$m 5.45% 5.04% 4.52% UK 3.76% 5.25% 4.18% US 3.98% 6.82% 4.25% 6.25% 3.28% 5.54% Canada Australia 8.7 6.7 6.4 Average balances (US$bn) Average Interest rates: Note: some balances attract no interest or a set margin for Computershare

*Note: some balances attract no interest or a set margin for Computershare

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Financial
Results
Regional Analysis – FY08 Revenue & EBITDA
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Total Revenue Breakdown

EBITDA Breakdown

23% 28% 48% 51% 26% 24% Asia Pacific EMEA North America Asia Pacific EMEA North America

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Financial
Results
Full Year Comparisons – Operating Costs
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$USm
1200
1100
1000
284.4
900 278.6
277.7
800
700
600
500
400 772.3 821.4
700.2
300
200
100
0
FY06 FY07 FY08
Operating Costs excl. COS Cost of Sales (COS)
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Financial
Technology Costs – Focused on Revenue & Cost Initiatives Results
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%
US$m
175.0 12.0%
150.0 9.6%
9.4%
10.1%
125.0
8.0%
100.0
75.0
115.5 132.0 157.2
4.0%
50.0
25.0
0.0 0.0%
FY06 FY07 FY08
Total Technology costs Technology costs as a % of sales revenue
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Financial
Results
Analysis of FY08 Technology Costs
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4%
26%
42%
Total Costs US$157.2m
Development Costs US$64.8m
28%
Development Infrastructure Maintenance Administration
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Financial
Results
Analysis of Technology Costs
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$USm
160
6.5
140
6.5 41.3
120
3.7
41.6
100
50.0 44.6
80
40.6
60
21.4
40
64.8
20 40.5 43.3
0
FY06 FY07 FY08
Development Infrastructure Maintenance Admin
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Financial
Balance Sheet as at 30 June 2008 Results
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	Jun-08 US$'000s 516,129 1,721,889 2,238,018 436,911 1,030,911 1,467,823 770,195	Jun-07 US$'000s 368,891 1,366,224 1,735,115 338,551 563,990 902,541 832,574	Variance 40% 26%
Current Assets Non Current Assets
Total Assets Current Liabilities Non Current Liabilities Total Liabilities Total Equity After buy-back of US$297.5m.			29%
			(29%) (83%)
			(63%)
			(7%)

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Financial
Key Financial Ratios Results
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EBITDA interest coverage Net Financial Indebtedness to EBITDA
times times
14 3.0
12.1 11.9 11.5 2.48
12
2.5
10 8.7
2.0
1.68 1.64
8
1.5
6
0.94
1.0
4
0.5
2
0 0.0
FY05 FY06 FY07 FY08 FY05 FY06 FY07 FY08
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Financial
Computershare Borrowings Results
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Jun-08 US$m Cash 124.2 Interest Bearing Liabilities 910.9 Net Debt 786.7 Management EBITDA 479.2 Net debt to Management EBITDA 1.64 Average Tenor of drawn debt at 30 June 2008 was 3.2 years.	Jun-07 US$m 86.8 435.1 348.3 370.5 0.94	Variance 43% (109%)
		(126%)
		29%
		(75%)

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Financial
Debt Facility Maturity Profile Results
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US$m
FY09 $200.0m
700.0 FY10 Nil
600.0 FY11 $600.0m
600.0
FY12 $123.0m
500.0
FY13 Nil
400.0 FY14 Nil
FY15 $124.5m
300.0
235.0 FY16 Nil
200.0
200.0 FY17 $21.0m
123.0 124.5
FY18 Nil
100.0
21.0
FY19 235.0m
0.0
Total $1,303.5m
FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19
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Includes the US Private Placement (USPP) transaction for $235m completed on 29[th] July 2008, maturing July 2018.

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Financial
Capital Expenditure Results
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$USm
45.0 Capital Expenditure Vs. Depreciation
3.2
40.0
35.0
12.7
30.0
1.7
1.3 Depreciation
25.0 4.1
6.0
20.0 4.4
4.5
15.0 5.1
10.0 22.7
15.0
5.0 12.6
0.0
FY06 FY07 FY08
Information Technology Communication Services Facilities Occupancy Other
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Financial
Results
Working Capital Management
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Days Sales Outstanding
Days
50
45 44
43
45
40
35
30
25
20
15
10
5
0
FY06 FY07 FY08
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Financial
Results
Return On Invested Capital Vs. WACC
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Increased returns, lower Cost of Capital
AGAAP AIFRS
20%
18%
16%
14%
12%
10%
8%
6%
FY03 FY04 FY05 FY06 FY07 FY08
WACC ROIC
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Financial
Results
Return on Equity
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AGAAP AIFRS
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
FY03 FY04 FY05 FY06 FY07 FY08
ROE
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Financial
Results
Equity Management – Final Dividend of 11 cps (AU)
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• › EPS – Basic

› EPS – Management

US 50.12 cents US 51.61 cents

› Final Dividend (30 % franked)

AU 11 cents

• › Current Yield*

2.1%

• Based on 12 month dividend and share price of A$9.99 (close 12 February 2008)

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Equity Management – Ordinary Share Buy-back

› Acquired 45,000,000 ordinary shares

• › Average price AUD $9.91

• › Commenced Dec-06, completed Oct-07

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Financial Summary – Final Remarks Financial
Results
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› Continued strong EPS growth - 41%

› Record revenues

› Maintained strong balance sheet

› Return on equity > 40%

› Dividend increased to 11 cents (AUD) per share, 30% franked

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Market Financial
CEO’s Report
Overview Results
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CEO’s
CEO Presentation Report
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Stuart Crosby President & CEO

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37

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Strategy CEO’s
Report
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Unchanged:

1. Continue to drive operations quality and efficiency through measurement, benchmarking and technology

2. Improve our front office skills to protect and drive revenue

3. Continue to seek acquisition and other growth opportunities where we can add value and enhance returns for our shareholders

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Strategy continues to deliver acquisition and CEO’s
operational leverage Report
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Acquisitions continue to drive value and eps accretion

› spent $320m on 12 acquisitions in FY08

› Busy Bees voucher admin announced today – another $175m – and we expect opportunities to continue to emerge

Operational leverage also continues to drive eps growth

› revenue up 12% and costs up 5%

• › pushes margin from 26% to 30%

Underlying this is a shift over the past 18 months in the focus of our technology and product development investment from integration to service / product development, continuing to drive quality differentiation

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Geographical and business line diversification CEO’s
provides protection in a volatile environment Report
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• › Headwinds evident in some areas in FY08 – most noticeable in US, especially proxy and plans

• › but our portfolio of assets provides protection – both by business line and by geography

• › We expect headwinds to remain evident in some (perhaps different?) markets in FY09

• › but we are confident that

  • › the flow through of benefits from recent acquisitions;

  • › further delivery of product, service and operational leverage; and

• › the portfolio effect of our business line and geographical diversity

• will continue to position us to delivery good growth, even in a difficult environment

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40

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North America update - USA CEO’s
Report
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Investor Services

• › Service quality now market leading, providing a much stronger platform for client engagement

• › Corporate actions slow

Other

• › Fund Services - continues to win vast majority of work, but volumes unpredictable

• › Communications Services – regional bank commercial offerings getting good traction

• › Corporate Proxy - aggressively targeting corporate governance consulting and “fights”

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North America update - Canada CEO’s
Report
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Investor Services

• › Strong local and cross-border corporate action deal flow continues, but deals generally smaller in size

• › Operations efficiency being enhanced by deployment of CPU best practice

• › BCE privatisation now proceeding in FY09

Corporate Trust

• › Steady business with excellent margin

• › Any adverse effects from sub-prime more than offset by other opportunities

Proxy

• › Georgeson dominates the Canadian proxy market

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42

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EMEA update – UK, Russia, Germany, Ireland CEO’s
and South Africa Report
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UK

• › Market more rational on price post ownership change at main competitor

• › Deposit Protection Service continues to exceed expectations

• › Rights issues by major banks

• › Good new business prospects in Plans space

Russia

• › CPU continues to drive consolidation – now 80% NRC and 40% NIKoil

• › Looking to invest in management for integration

• Germany

• › VEM acquisition materially extends the range of our services

• Other:

• › Ireland - Improving margins and revenue growth, esp in ETF space

• › IML – rolling up distribution network globally – acquisitions complete in Australia, Belgium, US

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Asia Pacific update - Asia CEO’s
Report
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Hong Kong and China

• › IPO pipeline healthy but flow stalled by market sentiment

• › Good proxy deal-flow from PRC

• › Beijing office now established – PRC plans services relocating there

Japan

• › Joint venture with MUTB continues to perform well

• › While TA opportunity not viable at this stage, working on expanding range of cooperation in other areas

India

• › IPO activity slowed dramatically

• › Fund services growing strongly

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Asia Pacific update – Australia and CEO’s
New Zealand Report
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Investor Services

› Rolling out new AGM/EGM management product

Communication Services › QM integration going well Plans

› Soon to deliver new option admin functionality

Fund Services

› Now has a solid platform and well positioned to grow into Asia as well as Australia

Proxy

› Georgeson remains market leader in proxy services

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45

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Looking forward to 2009 CEO’s
Report
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Computershare has a strong operational and financial platform for continued growth:

• › Powerful technology and investing more to build on our competitive advantage

• › Economies of scale

• › Stable and long term client base

• › Healthy margins

• › Strong balance sheet to support acquisitions

• › Well positioned to take on new business lines (e.g. Busy Bees Childcare Vouchers acquisition announced today)

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46

Computershare Limited Full Year Results 2008 Presentation

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Appendix:

Full Year Results 2008 Presentation

13 August 2008

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48

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Appendix 1: Group Comparisons
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Group Comparisons

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49

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Financial
Behind the Headline – NPAT IMPACT Results
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Net profit after tax at 30 June 2008	US$000’s
	281,971
Loss on sale of subsidiaries QMT acquisition costs	480 6,915 (2,628) 4,641 1,913 (964) (1,748) (193)
Acquisition provisions no longer required
Intangible assets amortisation
US property rationalisation
Marked to market adjustments - derivatives Tax losses recognised Other
Management adjusted profit after tax at 30 June 2008
	290,387

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50

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Financial
CPU Revenues Results
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Revenue Type
4%
7%
8%
Register Maintenance
Corporate Actions
6% Fund Services
Stakeholder Relationship Management
Employee Share Plans
51%
6% Communication Services
Technology & Other Revenue
18%
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Financial
Results
Regional Analysis – FY08 Revenue
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$USm
443.0
450.0
400.0
350.0
300.0
250.0
200.0 187.9186.7
`
150.0
128.6
109.9
100.0
73.7
65.0
59.2 59.5
50.0 29.8 37.6 42.3 43.6
20.9
9.0 15.9 10.7 10.8 14.9 [23.6]
2.3
0.0
Register Maintenance Corporate Actions Fund Services Stakeholder Employee Share Communication Technology & Other
Relationship Plans Services Revenue
Management
Asia Pacific EMEA North America
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Financial
Results
Full Year Comparisons - Revenue
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$USm
900
800
700
600
500
400
300
200
100
0
Register Corporate Actions Funds Services Stakeholder Employee Share Communication Technology &
Maintenance Relationship Plans Services Other Revenue
Management
FY06 FY07 FY08
817.6
725.9
639.7
303.6
252.5
171.8
110.5 116.1 91.3 86.9 89.0 95.8 117.1 119.0 105.3
90.3 63.2 75.7 43.5 44.2 56.8
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Financial
Results
Full Year Comparisons – Operating Costs
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$USm
550
500
450
400
350
300
250
200
150
100
50
0
Cost of Sales Personnel Occupancy Other Direct Technology Corporate
FY06 FY07 FY08
501.6
459.4
431.1
277.7 278.6 284.4
156.4
131.3
113.7
77.2
56.2 64.5 63.9 69.5 66.1
39.9
29.7 33.5
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Financial
Results
Underlying Effective Tax Rate
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%
35.0
28.5
30.0
26.4
23.9
25.0
19.4
20.0
15.0
10.0
5.0
0.0
FY05 FY06 FY07 FY08
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Interest Rate Sensitivity Financial
Results
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US$m PBT 80
Impact
60
40
20
0
-3.00% -2.50% -2.00% -1.50% -1.00% -0.50% Current 0.50% 1.00% 1.50% 2.00% 2.50% 3.00%
-20
-40
-60 Exposure
Hedged exposure
-80
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This graph outlines the sensitivity of northern hemisphere interest rate changes when measured against core client balances (long term sustainable balances), adjusted by the impact of floating rate debt, corporate cash balances and derivative positions.

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Risk Management - Interest Rate Sensitivity Financial
Results
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No Interest Rate Hedging
exposure -
Strategy: Protect downside risk in current interest rate
23%
environment
-
Policy: Minimum hedge of 25% / Maximum hedge of 100%
Exposure to * Board approved
interest rates
-
Minimum term 1 year / Maximum term 5 years
39%
-
Current hedging: 38%
Effective
hedging in
place - both
natural &
synthetic
38%
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Risk Management – Average Funds Balances
Financial
for year ending 30 June 2008 Results
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By Category By Country
Sharesave/
Employee
Dividend Australia
Plans
16% 3%
US
11%
26%
Dissenter Broker Trust
3% 15%
Canada
46%
Regular
Trust
Corporate 17% UK
Actions 25%
38%
Average funds balance US$8.7b
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Financial
Results
Appendix 2: Country Summaries
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Country Summaries

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Financial
Results
Appendix 2: Country Summaries
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Asia Pacific

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60

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Financial
Australia Half Year Comparison Results
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Total Revenue $Am Revenue Breakdown
$Am
200
80.0 76.7
173.6
70.0 66.8
152.9 63.2 63.4
150 143.2
60.0
136.5
50.0 47.4
100 40.0
35.7 35.0
30.0 28.128.7
24.7 25.2
21.0
20.0
50
10.0 6.9 8.6 8.2 8.7 7.5 7.2 6.8 7.8
4.9 5.6
3.8
3.0 3.0 2.8 2.6 2.9
0.0
0 Register Corporate Fund Services Stakeholder Employee Communication Technology &
1H07 2H07 1H08 2H08 Maintenance Actions Relationship Share Plans Services Other Revenue
Management
1H07 2H07 1H08 2H08
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Financial
Results
New Zealand Half Year Comparison
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$NZm Total Revenue $NZm Revenue Breakdown
10
8.0
8.6
8.4 7.0
8.1
6.4
8 6.3
5.9
6.0
6.9
6
4.0
4
2.0
2.0 1.8
1.6
2
1.0
0.0
0
Register Maintenance Corporate Actions
1H07 2H07 1H08 2H08
1H07 2H07 1H08 2H08
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Financial
Hong Kong Half Year Comparison Results
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Revenue Breakdown
Total Revenue
$HKm
$HKm
350.0
500
450 441.1 300.3
300.0
400
250.0
350
300 200.0
161.4
250 227.1 235.4
212.2 150.0 140.7
126.0 123.4
200
109.4
103.5
100.0
150
50.8
100
50.0
50
0.0
0
Register Maintenance Corporate Actions
1H07 2H07 1H08 2H08
1H07 2H07 1H08 2H08
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Financial
India Half Year Comparison Results
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Revenue Breakdown
Total Revenue
INRm
INRm
650.0 622.3
1200
1,060.0 600.0
550.0
1000
500.0
450.0
812.2
800
400.0 381.2
350.0
582.2 309.8
600 300.0 287.0 270.6
533.2 257.9 261.8
250.0
216.3
400 200.0 179.8
150.0 121.2
100.0
200
46.3
33.4
50.0
0.0
0
Register Maintenance Corporate Actions Fund Services
1H07 2H07 1H08 2H08
1H07 2H07 1H08 2H08
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Financial
Appendix 2: Country Summaries Results
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North America

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Financial
Results
United States Half Year Comparison
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Total Revenue $USm Revenue Breakdown
$USm
299.4
296.7 200.0
300.0 280.9
263.2
157.2
250.0
149.4
150.0
136.7
133.7
200.0
100.0
150.0
66.2
100.0 50.0 45.5 45.4 44.4 42.6
33.1
28.8 30.5 27.9 25.9 24.9
21.6 21.3 20.6
50.0 12.7 13.7 9.9 9.7 11.6 11.3
3.5 3.7 3.1 5.2
0.0
Register Main Corp Actions Fund Services Stakeholder Employee Communication Technology &
0.0 Relationship Share Plans Services Other Revenue
Management
1H07 2H07 1H08 2H08
1H07 2H07 1H08 2H08
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Financial
Results
Canada Half Year Comparison
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Total Revenue
$CAm
Revenue Breakdown
$CAm
130 90.0
81.8
120 116.1
114.6
108.5 80.0 76.0 76.4
110
96.2 70.0
100 63.6
90 60.0
80
50.0
70
40.0
60
30.0 27.5
50 24.1
21.4
40 20.0
14.4
30
10.0 6.7 7.9 6.6 7.6
2.9 5.1 4.1 3.2
20 1.5 1.5 1.2 1.2 0.1 0.1 0.4 0.3
0.0
10
Register Corporate Stakeholder Employee Share Communication Technology &
0 Maintenance Actions Relationship Plans Services Other Revenue
Management
1H07 2H07 1H08 2H08
1H07 2H07 1H08 2H08
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Financial
Results
Appendix 2: Country Summaries
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EMEA

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Financial
Results
United Kingdom Half Year Comparison
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GBPm Revenue Breakdown
Total Revenue
40.0
GBPm
70.0
33.6
57.1 30.4
60.0 53.7 55.5 30.0 29.7 29.6
50.4
50.0
40.0
20.0
30.0
11.8
10.6 10.4
20.0 10.0 8.2 9.4 9.8 9.3
10.0 4.7
2.7 2.4
1.8 1.6 1.1 1.5 0.8 1.4 1.0 1.4 1.8 1.5
0.0
0.0
1H07 2H07 1H08 2H08
Register Corporate Actions Stakeholder Employee Share Communication Technology &
Maintenance Relationship Plans Services Other Revenue
Management
1H07 2H07 1H08 2H08
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Financial
Results
Ireland Half Year Comparison
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Total Revenue EURm
EURm Revenue Breakdown
4.5 4.4 4.2 4
4.1
3.4
3.4
3.0
3 2.9
2.7
3
2
1.5 1
0.8
0.7 0.7 0.7
0.5
0.4
0.2
0.1
0
Register Maintenance Corporate Actions Funds Services Technology & Other
0
Revenue
1H07 2H07 1H08 2H08
1H07 2H07 1H08 2H08
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Financial
Results
Germany Half Year Comparison
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EURm Total Revenue
Revenue Breakdown
35 EURm
31.2 12 11.6
30 11
10 9.8
25 24.8 9 8.6
8.2
8 7.7
7.2
19.3 7.0
7
20
17.4 6 5.7 5.7 5.5
5.0
5
15
4.1
4
2.9
3
10
2
1 0.7 0.8
0.5 0.4 0.5 0.4 0.3 0.3
5 0.1 0.1 0.1
0
Register Corporate Stakeholder Employee Share Communication Technology &
0 Maintenance Actions Relationship Plans Services Other Revenue
1H07 2H07 1H08 2H08 Management
1H07 2H07 1H08 2H08
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Financial
Results
South Africa Half Year Comparison
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Total Revenue
ZARm
140 ZARm Revenue Breakdown
110
102.3
100.5
120 115.2 113.1 100
90 87.6
99.7
100 81.5
87.7 80
70
80
60
60 50
40
40
30
20
12.1 12.9 12.6
20
10 6.3
0
0
Register Maintenance Corporate Actions
1H07 2H07 1H08 2H08
1H07 2H07 1H08 2H08
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Financial
Results
Russia Half Year Comparison
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Total Revenue
RUBm
300 292.9 RUBm Revenue Breakdown
272.6
300
277.4
250
255.6
250
200
179.8 200
179.8
150 128.5 150
128.5
100 100
50 50
17.0 15.6
0
0
Register Maintenance Corporate Actions
1H07 2H07 1H08 2H08
1H07 2H07 1H08 2H08
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Financial
Results
Appendix 3: Assumptions
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Assumptions

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Assumptions: Exchange Rates Financial
Results
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Average exchange rates used to translate profit and loss to US dollars.

CAD USD ZAR RUB EUR GBP INR NZD HKD AUD	1.00802 1.0000 7.22773 24.53307 0.68296 0.49783 40.15670 1.29601 7.79098 1.11862

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