COMPUTERSHARE LIMITED. — Investor Presentation 2008

Sep 2, 2008

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Computershare Limited

MARKET ANNOUNCEMENT

ABN 71 005 485 825 Yarra Falls, 452 Johnston Street Abbotsford Victoria 3067 Australia PO Box 103 Abbotsford Victoria 3067 Australia Telephone 61 3 9415 5000 Facsimile 61 3 9473 2500 www.computershare.com

Date:	Wednesday, 3rd September 2008
To:	Australian Securities Exchange
Subject:	Presentation for UBS Conference

Attached is the presentation delivered to the UBS Australian Conference today, 3[rd] September 2008 in London.

For further information contact:

Mr Darren Murphy Head of Treasury and Investor Relations Ph +61-3-9415-5102 darren.murphy@computershare.com.au

About 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 shareholders and employee accounts in 17 countries across five continents.

For more information, visit www.computershare.com

Stuart Crosby Chief Executive Officer & President UBS Australian Conference 3[rd] - 4[th] September 2008 London

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Who is Computershare?
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› Computershare (ASX:CPU) is a global leader in share registration, employee equity plans, proxy solicitation and other specialised financial, governance and communication services › Since floating in 1994, Computershare has grown, mostly by acquisition, along the value chain (from software to full service provision), laterally and geographically, nearly 100 fold

› We now serve 14,000 corporations and 100 million shareholder and employee accounts in 17 countries across five continents › We have over 10,000 employees globally

• › Our market capitalisation is approximately $5 billion, ranking in the top 50 Australian listed companies

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Our key business lines
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› Shareholder administration (registry/transfer agency) › Employee equity incentive scheme administration › Communications (was print and mail but now multi-channel) › Proxy solicitation and corporate governance consulting › Corporate trust services › Fund administration

› Recently added business lines

› Wireless audience interaction services (IML)

• › Entity management (CGS)

› Class action administration (Administar) › Social services voucher administration (Busy Bees)

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Where we operate

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Revenue by country
Revenue
$USD millions
$544.1
$291.9
$222.6 $226.3
$83.8
$71.2
$46.6
$23.0 $31.6 $25.3
Canada USA Australia HK India Russia Sth Africa Germany UK Other
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Our 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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Historical financials
Revenue
$USD millions
$1,582.5
$1,418.4
$1,214.7
$811.9
$599.8
$463.6
$428.0
$367.6
$235.2
$196.3
$91.2
$9.2 $9.4 $11.5 $16.3
' 9 4 ' 9 5 ' 9 6 ' 9 7 ' 9 8 ' 9 9 ' 0 0 ' 0 1 ' 0 2 ' 0 3 ' 0 4 ' 0 5 ' 0 6 ' 0 7 ' 0 8
F inancial Year
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Historical financials
EBITDA
$USD millions
$479.2
$370.5
$240.1
$161.8
$126.3
$76.9 $83.4 $89.4
$54.7
$37.5
$19.4
$5.3 $6.0 $6.4 $8.0
'94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08
Financial Year
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Historical financials
EPS & dividend history (USD cents)
60
50
40
US$ cents 30
20
10
0
'95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08
Financial Year
EPS Dividend
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Results highlights – FY08
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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

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Management EBITDA margin
30.3%
26.1%
19.6%
19.8%
FY05 FY06 FY07 FY08
Operating Margin
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Return on equity
AGAAP AIFRS
40.20%
26.40%
19.40%
15.10%
13.30%
6.90%
FY03 FY04 FY05 FY06 FY07 FY08
Return on equity
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Key financial ratios
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›

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EBITDA interest coverage Net Financial Indebtedness to EBITDA
times times
14 3.0
12 12.1 11.9 11.5 2.48
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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Outlook
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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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		Acquisitions since July 2007
		Voucher administration UK 175.0 Busy Bees Investor Services Russia small NRC (+15%) Audience interaction South Africa small Audience Alive Electoral Services UK 9.8 Strand Audience interaction USA small Machine Dreams Communication Services Australia 142.6 QMT Audience interaction Australia small Ezicomms Audience interaction UK small Four Points Corporate actions bank Germany 92.3 VEM Governance software USA 14.0 RSS Class action administration USA 33.4 Administar Investor Services USA 8.9 UMB Governance software Ireland 17.6 Datacare Type of Business Country Cost (USD m) Name

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Our strategic focus
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› Continue to drive operations quality and efficiency through measurement, benchmarking and technology

• › Improve front office skills to protect and drive revenue

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

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