COMPUTERSHARE LIMITED. — M&A Activity 2005

Oct 4, 2005

MARKET ANNOUNCEMENT

Melbourne, 5 October 2005

COMPUTERSHARE ACQUIRES SPV MANAGEMENT SERVICE PROVIDER LORD SECURITIES CORPORATION AND LORD SECURITIES (DELAWARE), LLC

Computershare Limited (ASX:CPU) today announced that it has completed the acquisition of Lord Securities Corporation and Lord Securities (Delaware) LLC for USD 12.4 million cash plus a maximum earn-out payment of USD 3.1 million should certain hurdles be met. Whilst the deal will be immediately earnings accretive for Computershare, the company does not expect the change to be material.

Headquartered in New York for more than 30 years, Lord Securities is a pre-eminent provider of management and administrative support services to the global structured finance markets. Lord Securities offers its more than 500 clients around the world a broad array of administrative support services, commonly known as SPV management services. These include the facilitation of independent ownership and governance services.

The acquisition of Lord Securities is the first in this area since the formation of the Global Fixed Income Services Group at the start of this year.

For further details please contact:

Mr Darren Murphy Head of Treasury and Investor Relations Ph + 61.3.9415.5102

About Computershare Limited (CPU)

Computershare (ASX:CPU) is a global leader in share registration, employee equity plans, proxy solicitation and other specialised financial 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 approximately 10,000 employees across the world and serves 14,000 corporations and 90 million shareholders and employee accounts in 21 countries across five continents. For more information, visit www.computershare.com