COMPUTERSHARE ANNUAL REPORT 2008

Value of options included in key management personnel remunerationNon-executive and executive directors of the Group are not eligible to participate in the Group’s option scheme. No options havebeen granted to Company or Group key management personnel during the financial year ended 30 June 2008. There has been novariation in the terms of options provided to Company and Group key management personnel previously granted.There were no options over ordinary shares held during the financial year by the named Company and Group keymanagement personnel.02-13OverviewE. ADDITIONAL INFORMATIONRelationship between key management personnel remuneration and Group performance and shareholder wealthThe overall level of key management personnel award takes into account the performance of the Group over a number of years,with greater emphasis given to the current and prior financial year.Over the past five financial years, the Group’s management earnings before interest, tax, depreciation and amortisation (EBITDA)grew by a compound annual average rate of 43% (based on an AGAAP calculated EBITDA at 30 June 2003 and an AIFRS calculatedEBITDA at 30 June 2008). During this period, shareholder wealth, measured by reference to management earnings per share,has grown by a compound annual average rate of 49% (based on an AGAAP calculated EBITDA at 30 June 2003 and an AIFRScalculated EBITDA at 30 June 2008) and measured by reference to dividend payments has grown by a compound annual averagerate of 42%. Over the past five financial years, key management personnel remuneration has grown by an annual compoundaverage rate of 39%, executive director and non-executive director remuneration has grown by an annual compound average rateof 36% and 14% respectively during this period. A year on year analysis of the above metrics together with the compound five yearaverage comparative is set out in the following table.Growth over previous financial period 5 year Compound average growth 2003 - 2008Normalised EBITDA 27% 43%Management EPS 41% 49%Dividend 28% 42%Key management personnel remuneration(average per key management personnel) (7)% 1,2 39% 1Executive director remuneration(average per director) 64% 2 36%1Growth over the previous financial period excluding performance rights share based payments from key management personnel remuneration was1% and compound average growth over the past 5 years was 29%.2Growth/decline is mainly attributable to W.S.Crosby being included as the executive director for the current financial year.14-36Governance37-88FinancialsHistoric executive director and other key management personnel remuneration has been adjusted to exclude non-recurring items.All remuneration included in the calculation has been annualised where key management personnel have left during the year.During the financial year ended 30 June 2008, the Group’s share price decreased approximately 18.4% from AU$11.29 at thebeginning of the year to AU$9.21 on 30 June 2008.From 1 July 2007 to 18 October 2007, the Company purchased and cancelled 35,205,009 ordinary shares at a total cost ofAU$343.2 million (US $306.8 million) with an average price of AU$9.75 and a price range from AU$8.76 to AU$11.00. On18 October 2007, Computershare completed the on-market buy-back program when the total number of shares bought backand cancelled reached 45 million. The total cost of the buy-back program was AU$445.8 million with an average price of AU$9.91and a price range from AU$8.52 to AU$11.00.Details of remuneration: cash bonuses and performance rightsThe percentage value of total remuneration relating to the current financial year received by key management personnel thatconsists of cash bonuses and performance rights is as follows:% of total remunerationreceived as cash bonus% of total remunerationreceived as performance rights% of remunerationreceived as equity bonusP. Maclagan 31.8% - -C. Morris - - -W.S. Crosby 22.4% 54.4% 0.5%S. Rothbloom 12.3% 43.3% 0.8%T. Honan 32.2% 31.9% 4.6%S. Irving 25.8% 10.1% 19.7%P. Conn 19.7% 29.4% 7.2%89-92Reports93-96Further InformationPAGE 33