COMPUTERSHARE ANNUAL REPORT 2008

Directors’ ReportShare holdings of Company and Group key management personnelThe number of ordinary shares in Computershare Limited held during the financial year by each director and the other namedCompany and Group key management personnel, including details of shares granted as remuneration during the current financialyear and ordinary shares provided as the result of the exercise of remuneration options during the current financial year, areincluded in the table below.Balance atbeginning ofperiodGranted asremunerationunder longterm incentiveschemesOn exercise ofoptionsOn marketpurchases /(sales)Balance at30 June 2008OtherDirectorsC.J. Morris 55,590,427 - - (251,890) - 55,338,537A.N. Wales 30,092,384 - - (1,000,000) - 29,092,384P.J. Maclagan 15,977,176 - - 22,824 - 16,000,000A.S. Murdoch 524,800 - - - - 524,800*W.S. Crosby 191,406 32,740 - - - 224,146P.D. DeFeo 80,000 - - - - 80,000*Dr. M. Kerber 40,000 - - - - 40,000S.D. Jones 14,000 - - - - 14,000A.L. Owen - - - 2,000 - 2,000W.E. Ford - - - - - -*Company and Group key management personnelP. Conn 306,073 17,339 - (4,572) - 318,840S. Irving 147,594 4,050 - - 637 152,281S. Rothbloom 152,250 38,250 - (49,924) - 140,576T. Honan 63,439 14,793 - (70,000) 604 8,836* Shareholding effective as at date of resignationPerformance rightsThe DLI Plan was approved at the Annual General Meeting held on 9 November 2005. The DLI Plan is offered to eligible keymanagement personnel and senior managers in the Group to recognise their ongoing contribution and expected efforts toensure the performance and success of the Group. The total number of rights approved for issue was 10.0 million, of which2.75 million were granted on 20 December 2005 (of which 100,000 were vested and 150,000 were forfeited during the year ended30 June 2007) and 1.1 million performance rights were granted on 13 November 2006. No performance rights have been grantedto Company or Group key management personnel during the financial year ended 30 June 2008.Performance rights are granted under the plan for no consideration and carry no dividend or voting rights. Under the DLI Plan,the performance rights give an entitlement to one fully paid ordinary share per performance right issued subject to satisfaction ofperformance hurdles (as set out on page 28 of this report) and continued employment.The assessed fair value of performance rights granted to key management personnel as remuneration is allocated equally over theperiod from grant date to vesting date. The amount relating to the current financial year is included in the remuneration table onpage 30 of this report. Fair values at grant date are independently determined using a Black Scholes option pricing model.Set out below are summaries of performance rights granted under the plan:Balance atbeginning of yearVested duringthe yearForfeited duringthe yearGranted duringthe yearBalance atend of yearExercisableat end of year3,600,000 - - 1 - 3,600,000 -1T. Honan resigned with effect from 10 September 2008 and in accordance with the terms of the DLI Plan all performance rights held were forfeited.No performance rights became exercisable during the current year. No performance rights expired during the period covered by theabove table.There has been no alteration to the terms and conditions of performance rights granted under the DLI plan during the currentfinancial year.PAGE 32 Computershare Annual Report 2008