ALEXANDER (SANDY) STUART MURDOCH DDA, BEC, ASA, ASIA
Chairman, age 61

Sandy Murdoch joined the Board of Computershare as non-executive Chairman when the company listed in 1994. His previous experience included five years with merchant bank Chase NBA Group Limited in corporate finance and lending, and 12 years as the Chief Executive Officer of Linfox Transport Group. He is an active participant in senior executive meetings, and his wealth of knowledge and leadership skills are highly valued.

Sandy is also chairman of ERG Limited and Q-Vis Limited.

CHRISTOPHER JOHN MORRIS
Chief Executive Officer, age 54

Chris Morris is a founding member of Computershare and was appointed Chief Executive Officer in 1990. Chris' extensive knowledge of the securities industry and its user requirements from both a national and international perspective coupled with his passion and long-term strategic vision have been instrumental in developing Computershare into the world's largest and only global share registrar and a leading technology provider for the global securities industry.

PETER JOHN GRIFFIN B.COMM (MELB), ASIA
Deputy Chairman, age 62

Peter Griffin joined the Board of Computershare as non-executive Deputy Chairman in 1994. Peter has over 35 years' investment banking experience, both as a founding partner of one of the senior Australian stockbroking firms and as Chief Executive of one of the leading investment groups in Australia. Peter is an active and involved member of the company, where he regularly attends and participates in senior executive meetings. His background, experience and understanding of international markets are highly valued both at board level and within the senior management of Computershare.

Peter also serves on the Board of Grand Hotel Company Ltd and is Director of the N M Rothschild Australia Holdings Pty Limited group of companies.

PENELOPE JANE MACLAGAN BSC (HONS), DIP. ED
Executive Director, age 50

Penny Maclagan joined Computershare in 1983 and was appointed to the Board as an executive director in May 1995. In her role as Managing Director of Computershare Technology Services, Penny is responsible for planning, developing and executing technology across the world in support of our global strategy. Throughout her career with Computershare, Penny has been involved with all aspects of technology support and development. Her detailed understanding of Computershare's proprietary technology and of the global securities industry and processing infrastructure has greatly contributed to the establishment of Computershare's competitive advantage in the global marketplace.

ANTHONY NORMAN WALES FCA, FCIS
Non-Executive Director, age 58

Tony has been involved with Computershare since 1981 and was appointed Executive (Finance) Director in 1990. On 30 September 2001, Tony relinquished his executive responsibilities and remained on the Board as a non-executive director.

During his time as Finance Director, Tony was instrumental in much of the strategic expansion of the group.

Tony continues to be actively involved with the company and regularly attends and participates in senior executive meetings and chairs the group's Risk and Audit Committee. His background and understanding of the company and international markets are valued highly by both the Board and senior management.

NEW BOARD APPOINTMENTS

During the year the Computershare Board was expanded with the appointment of executive director, Iain Saville and nonexecutive director, Philip DeFeo.

Both appointments complement the expertise of the existing Board and signify that relationships leveraged to optimise our penetration in new markets are critical to the company's international expansion progress.

IAIN DAVID SAVILLE D.Phil (Oxon), CBE Executive Director, age 54

Dr Iain Saville CBE joined the Board of Computershare in January 2002 as an executive director. In his role as Managing Director Europe, Iain is responsible for Computershare's expansion into Europe as well as the existing operations of UK, Ireland and South Africa.

Dr Saville is a recognised securities industry leader and director of the Securities Institute. During his distinguished career with the Bank of England he managed substantial portfolios in the bond and money markets.

Dr Saville designed, built and (as Chief Executive) ran CREST, the new securities settlement system for the United Kingdom and Ireland, from 1993 until joining Computershare. CREST is one of the world's largest, safest and most technically sophisticated systems in the world. It was delivered on time and to budget in 1996, and has provided excellent service since delivery.

Dr Saville holds an honours degree in Mathematical Physics from St Andrews and a doctorate from Magdalen College, Oxford. The Queen appointed him CBE in 1999.

PHILIP DANIEL DEFEO BA ECONOMICS (IONA, USA)
Non-Executive Director, age 56

Philip DeFeo joined the Board of Computershare in May of this year as a nonexecutive director. Philip's highly respected reputation in the United States marketplace and financial services industry, further strengthens the company's expansion efforts, particularly in North America.

Philip is currently Chairman and Chief Executive Officer of the California-based Pacific Exchange (PCX), one of the world's leading derivatives markets and the country's most innovative securities exchange.

Prior to to taking up his role at PCX, Philip was President and CEO of Van Eck Associates Corp., a diversified global mutual fund.

Some of Philip's outstanding appointments during his distinguished career include Executive Vice President and Director of Marketing at Cedel International, the secondlargest provider of Eurobond clearance and custody services; Senior Vice President of FMR Corporation (parent of Fidelity Investments); Managing Director for Worldwide Equities Operations and Systems at Lehman Brothers.

He graduated with a BA degree in Economics and International Finance from Iona College in the USA.