COMPUTERSHARE LIMITED. — Capital/Financing Update 2008

Aug 12, 2008

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13 August 2008

ASX ANNOUNCEMENT

A.B.C. LEARNING CENTRES LIMITED (ASX:ABS)

ABC announces sale of UK voucher business

A.B.C. Learning Centres Limited (“ABC”) has today agreed the principal terms for the sale of Busy Bees Childcare Vouchers Limited, its UK voucher business, for GBP90 million to Computershare Limited, the ASX listed provider of share registry and related services.

Eddy Groves, ABC’s CEO, said: “The sale price reflects the strong growth of the voucher business since our 2006 acquisition and will be a positive outcome for shareholders. Completion of this transaction will allow management to increase the focus on the Australian/New Zealand childcare business. The opportunities for improvement in this key market are significant.”

Proceeds from the transaction will be used to reduce debt under the Company’s syndicated bank facility agreement. It is anticipated that the profit from the sale will be in line with previous guidance (Note 1). The transaction is expected to close on or before 1 September 2008.

The Company has previously advised that it is also considering selling its UK nurseries business as well as its UK property assets. The sale process for these assets is ongoing.

Contacts:

Analysts and Investors

Andrew Barber, General Manager Corporate Affairs (07) 3908 2594

Media enquiries

Lisa Keenan Kate Inverarity nightingale nightingale 0409 150 771 0413 163 020

Note 1.

Our preliminary calculations indicate an estimated capital gain (before costs) of $100 million on disposal of the vouchers business. This is based on an exchange rate of £0.46 and excludes all anticipated costs of disposal (including investment bank advisory fees, legal, accounting, other professional fees and employee transitional costs).

Notes to Editors:

UK Vouchers Business

The Busy Bees Voucher division is one of the leading childcare voucher providers in the UK, servicing more than 12,000 customers. The business provides tax efficient childcare vouchers to employers who offer them to their employees as a benefit in an agreed salary sacrifice program. Busy Bees Vouchers are accepted by all forms of registered childcare providers including other nurseries, crèches and out of school clubs.

Computershare Limited

Computershare (ASX: CPU) is a global leader in share registration, employee equity plans, proxy solicitation and other specialised financial, governance and communication services.

Many of the world's largest companies employ our innovative solutions to maximise 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