CPU for and against...

CPU for and against
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Date Wed, 24 July 2002


Computershare is currently the Australian market leader in the provision of share registry services. However, its share, currently put at 65 per cent, is being eroded by rival ASX Perpetual Registrars (APRL).
It was announced on 19 July 2002 that APRL had replaced Computershare as the manager of John Fairfax Holdings' share registry.
APRL has also recently replaced Computershare as manager of the share registries of Qantas and Brambles.

The National Australia Bank has announced that it plans put the management of its large share registry out to tender.
Increased competition from APRL is seen as a threat to the ambitions of Chris Morris, the CEO of

Computershare, to make Computershare a major player in the global share registry market.
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MEDIA ANNOUNCEMENT
Hong Kong, Thursday 25 July 2002
In conjunction with the successful listing of Bank of China Hong Kong today, Computershare confirmed that
it had processed nearly 400,000 applications in the biggest public offering in Asia this year.
Speaking from Hong Kong, Computershare's Asia Pacific Group Managing Director, Stuart Crosby
explained, "we have been very excited by the challenge that an IPO of this scale has created."
"The Bank of China Hong Kong IPO, also represents the first major IPO since Computershare merged its
registry operations with that of Hong Kong Exchanges and Clearing (on 1 June 2002) and we look forward
to servicing nearly 400,000 new investors with our superior Scrip system and integrated product offering"
Mr Crosby said.
With the Bank of China offering consolidating Computershare’s dominant share of the Hong Kong registry
market, Mr Crosby commented that Computershare is extremely well positioned with its proven expertise
and strong relationship with Hong Kong Exchanges and Clearing to capitalise on emerging opportunities in
Hong Kong and China in the future.