today ann. earning per share growth of 37percent

Computershare earnings upgrade; on-market share buyback
09:24, Wednesday, 15 November 2006

Sydney - Wednesday - Nov 15: (RWE Australian Business News) -
Computershare Ltd (ASX code: CPU) outgoing chairman Mr Sandy Murdoch
announced an earnings upgrade and a share buyback at the annual general
meeting in Melbourne this morning.
"The group has experienced very favourable trading conditions
for the first four months of FY2007, underpinned by continued strong
global merger and acquisition activity, and higher northern hemisphere
interest rates when compared to the same period last year," he said.
"As a result, the period July-October, which in the past has
represented the low part of our earnings cycle, produced approximately
double the earnings recorded for the same period in the prior year.
"Whilst we remain committed to the long-term target of
Management Earnings per Share growth of around 20% per annum, current
conditions suggest that Management Earnings per Share growth of greater
than 35% can be expected for Financial Year 2007.
"This upgrade assumes equity, interest rate and FX market
conditions remain at current levels," Mr Murdoch said.
He also said Computershare would undertake an on-market buyback
of up to 25 million ordinary shares as part of its capital management
initiatives.
The buy back will start no earlier than November 30 and be
conducted over the ensuing six months.
"The company did not undertake any share buyback activity during
the financial year 2006," Mr Murdoch noted.
Shares in Computershare fell 8c to $7.71 yesterday