COMPUTERSHARE LIMITED. — Capital/Financing Update 2005

Apr 11, 2005

MARKET ANNOUNCEMENT

Melbourne, 12 April 2005

COMPUTERSHARE STRENGTHENS ITS CANADIAN BUSINESS

Computershare Limited (ASX:CPU) Computershare today announced an agreement to acquire Vancouver based, Pacific Corporate Trust Company for CAN\$8million in cash (approximately A\$8.5 million). Pacific Corporate Trust Company is a regional supplier of share registry services, primarily in British Columbia, Canada. Privately-owned, it has developed a strong regional, full service share registry business complemented by an advanced, web-based client interface. Primarily serving small cap companies. Pacific Corporate Trust Company provides services to clients listed on the Toronto Stock Exchange, the TSX Venture Exchange, AMEX and NASDAQ. It is the largest regional share registrar in Canada and the 3^rd largest overall, with more than 600 clientsapproximately 15% of public equity issuers.

With a total shareholder base that is close to 600,000 shareholders. Pacific Trust Company reported revenues of CAN\$4.8 million (approximately A\$5.1 million) in CY 2004.

Computershare's CEO, Chris Morris says, "This acquisition adds considerable strength to our business on the west coast and consolidates our position as the leading supplier of issuer and shareholder solutions in Canada."

Completion of the transaction is subject to requiatory approval. The founders of Pacific Corporate Trust Company-John Halse and E. Stephanie V. Halse-will be engaged as consultants to supply services related to the transition of the business and client relationships. The transaction has been approved by the Board of Computershare Trust Company of Canada and by the major shareholders of Pacific Corporate Trust Company.

About Computershare Limited (CPU)

Computershare (ASX: CPU) is the world's leading financial services and technology provider to the global securities industry in its provision of services and solutions to listed companies, investors, employees, exchanges and other financial institutions.

With a unique range of integrated services, Computershare provides specialised records management for company share registers and employee share and stock option plans. document design and communication, strategic investor relations and market intelligence, and a variety of sophisticated trading technologies for financial markets.

Computershare is the largest and only provider of global shareholder and employee management services—administering more than 70 million shareholder accounts for over 13,000 corporations across twelve countries on five continents. Founded in Australia in 1978, Computershare today employs almost 8,000 people worldwide. For more information, visit www.computershare.com.

About Pacific Corporate Trust Company

Pacific Corporate Trust Company has provided share registry services for more than twenty years and is recognised as a leader in serving the needs of venture corporations who issue publicly traded securities. Founded in 1981 as Pacific Corporate Services Limited, the company re-incorporated in 1990 under the British Columbia Trust Company Act.

In 1996, Pacific Corporate Trust Company expanded to Ontario through the creation of a Co-Agency branch in Toronto and initiated services to the Toronto Stock Exchange issuer market through its operating subsidiary. Pacific Corporate Services Ltd.

For more information, please visit www.pctc.com.

For more information, please contact:

Computershare Australia

Dudley Chamberlain Head of Investor Relations Tel + 61 3 9415 5087 Mobile (Cell) +61 417 374 316

Computershare North America

Juli Bark EVP. Marketing and Strategic Development Tel +1 312 588-4249

Computershare North America Wayne Newling

President, Computershare Canada Tel +1 416 263-9201

Pacific Corporate Trust Company

John Halse President, Pacific Corporate Trust Company Tel + 1 604 691-7373