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Computershare LimitedABN 71 005 485 825

Yarra Falls, 452 Johnston Street AbbotsfordVictoria 3067 Australia

PO Box 103 AbbotsfordVictoria 3067 Australia

Telephone 61 3 9415 5000Facsimile 61 3 9473 2500www.computershare.com

MARKET ANNOUNCEMENT

Date: 4 May 2017

To: Australian Securities Exchange

Subject: Macquarie Australia Conference 2017

Attached is the presentation to be delivered at today’s investor conference in Sydney, Australia. For further information contact: Michael Brown Investor Relations Ph +61 (0) 400 24 8080 michael.brown@computershare.com.au

About Computershare Limited (CPU) Computershare (ASX: CPU) is a global market leader in transfer agency and share registration, employee equity plans, mortgage servicing, proxy solicitation and stakeholder communications. We also specialise in corporate trust, bankruptcy, class action and a range of other diversified financial and governance services. Founded in 1978, Computershare is renowned for its expertise in high integrity data management, high volume transaction processing and reconciliations, payments and stakeholder engagement. Many of the world’s leading organisations use us to streamline and maximise the value of relationships with their investors, employees, creditors and customers. Computershare is represented in all major financial markets and has over 16,000 employees worldwide. For more information, visit www.computershare.com

Building sustained earnings growth

Macquarie Australia Conference 2017

Mark Davis Chief Financial Officer – Computershare 4 May 2017

Robust underlying business performance continues Management EBITDA excluding the impact of margin income and exchange rate movements increased by 10.6% in 1H17 versus pcp

2

Management EBITDA excluding margin income for each period is translated at FY16 average exchange rates. 1H17 results translated to USD at 1H16 average exchange rates All figures throughout this presentation are in USD million unless otherwise stated

163.3 163.3

259.7

327.2

364.4 379.3

180.7

0

50

100

150

200

250

300

350

400

FY13 FY14 FY15 FY16 1H17

USD

mill

ions

Company overview A leading global provider of administration services in our selected markets

3

Who we are

› Global market leader in transfer agency and share registration, employee equity plan administration, proxy solicitation and stakeholder communications

› Also specialise in mortgage servicing, corporate trust, bankruptcy, class action administration and a range of other business services

Our capabilities

› Renowned for our expertise in high integrity data management, high volume transaction processing, reconciliation, payments and stakeholder communications

› Many of the world’s leading organisations use Computershare’s services to streamline and maximise the value of relationships with their investors, employees, customers and other stakeholders

Our strategy and model

Growth drivers

› Our strategy is to be the leading provider of services in our selected markets by leveraging our core competencies to deliver outstanding client outcomes from engaged staff

› We focus on new products and services to reinforce market leadership in established markets and invest in technology and innovation to deliver productivity gains and improve cost outcomes

› We have a combination of annuity and activity based revenue streams, strong free cash flow and high ROE

› Organic: Investment in mortgage servicing and employee share plans and enterprise wide cost out program coupled with property rationalisation benefits to drive growth and improved returns

› Macro: Leverage to rising interest rates on client balances, corporate action and equity market activity › Structural: Emerging trend of new non-share registry opportunities due to rising compliance, technology complexity

and requirement for efficient processing, payments and reconciliations

1H17 Computershare at a glance

4

Management revenue @ CC Management EBITDA @ CC B

y ge

ogra

phy

ANZ 8%

Asia 10%

UCIA 23%

CEU 1%

USA 42%

Canada 16%

$250.5m

ANZ 13%

Asia 6%

UCIA 26%

CEU 3%

USA 44%

Canada 8%

$1,041.2m

By

busi

ness

str

eam

Register Maintenance

32%

Corporate Actions

6% Business Services*

39%

Stakeholder Relationship

Mgt 2%

Employee Share Plans

11%

Communication Services

8%

Technology & other 2%

$1,041.2m

Register Maintenance & Corporate

Actions 49%

Business Services*

32%

Stakeholder Relationship

Mgt -1%

Employee Share Plans

10%

Communication Services

5%

Technology & other 3%

$250.5m

Figures are quoted in constant currency (CC). CC equals 1H17 results translated to USD at 1H16 average exchange rates * Mortgage Services (included in Business Services) revenue is $263.7m and Management EBITDA $35.1m in constant currency

Growth

› Mortgage Services

› Employee Share Plans

Profitability

› Cost management program underway and on track

Capital Management

› Strong free cash flow deleveraging balance sheet

Optionality

› Leveraged to rising interest rates, tax cuts, inorganic opportunities and reduced bureaucracy

Delivering sustained earnings growth

5

Building the UK Mortgage Servicing growth engine

6

› UKAR contract remains on track to deliver £600m of revenue and £100m of PBT

› Key risks identified as part of the UKAR appointment have decreased in intensity

› Circa 55% of the UKAR book has now been sold and all servicing has been retained

› Contracts signed with Sainsbury’s Bank, Vida Homeloans and a leading high street retailer Heads of terms signed with a leading Investment Bank

› These new contracts are expected to deliver £20bn of UPB by FY22

› By around FY20/21 we would expect the growth of these new clients to exceed book run-off

› UK Retail Banks remain under cost pressure with average RoE still well below pre-crisis levels

› Our scale and deep content knowledge leave us well placed to exploit the emerging structural outsourcing opportunities that we believe will emerge

› Integration of HML and UKAR has progressed faster than initially expected

› Process to consolidate all mortgages onto a single scalable platform is now underway and will complete by mid 2019

UKAR contract performing well

Integration ahead of plan

Success with challenger banks

Opportunity with retail banks

Our UK Mortgage Servicing business Computershare is the largest third party mortgage servicer in the UK with over 60% market share

7

The UK’s largest

Mortgage Servicer

Regulated by and compliant with

Financial Conduct Authority (FCA)

RECEIVE OVER 102,000

INBOUND CALLS

MAKE OVER 170,000 OUTBOUND CALLS

58 Clients

The highest Mortgage Servicer ratings globally

600k MORTGAGES

35k accounts in arrears

US Mortgage Servicing Execution on track for scale and anticipated returns

8

Compelling market dynamics create material

opportunity for CPU

Attractive industry we know well that aligns with our

core strengths

Building competitive differentiation through

focus on servicing quality, technology and product

offering

Addition of scale combined with operational

effectiveness initiatives positions us for anticipated

returns

Deployment of capital adds further differentiation and

aids returns profile

Point of reflection at scale (USD 100bn UPB).

Financial returns at scale re-affirmed

Growth opportunities and key priorities in US Mortgage Servicing We expect to make substantial progress towards our target in FY18

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› Targeting USD 1bn per month in FY18

Expand CMC volume

› Sub-servicing opportunities in both performing and non-performing sectors

Execute on current pipeline

› Sub-servicing our no. 1 priority

Penetrate CMC network

› Execute on growth plans for Altavera and Mortgage Solutions

Build out 3rd party business

› Helps improve margins and control environment

Implement new loss mitigation system

› A range of cost reduction opportunities will help drive margin improvement in FY18

Execute on margin expansion initiatives

Global Employee Share Plans Building a global growth engine

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› Our strategic aim is to combine best-in-class service and technology in order to grow our client base and maximise the value of assets under management; and drive strong revenue and earnings growth

› Well-placed to continue to benefit from positive structural trends (equity as a growing part of compensation) and cyclical recovery (rising share prices in local currencies). Combination of recurring issuer paid revenues and employee paid transactional fees

› Execution priorities:

- Implement new front end web interface

- Roll out data analytics and new reporting capabilities

- Complete current service improvement programme, including process automation

› Regulator / competitor pressure represents a challenging environment in which to deliver both revenue growth and cost reduction

› However our full service capability, deep market understanding, global franchise and strong track record in innovation and efficiency / cost reduction all lend themselves to meeting the challenge

› Successful execution will optimise the base from which we can profit from equity market growth and interest rate rises

Global Employee Share Plans No. 1 in focus markets

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EUROPE

Largest provider 536 clients

USA / CANADA

Largest provider of Contributory

Schemes in both markets

335 clients in US; 206 clients in Canada

AUSTRALIA & NEW ZEALAND

Largest provider

100 clients

HONG KONG

Largest provider

166 clients

25% Fortune Global 500 *

40% Dow Jones 30

43% FTSE 100

40% Stoxx Euro 50

24% ASX 200

5% TSX

24% HSI

Major Indices

* Excluding markets where CPU does not operate

Global Registry No. 1 or 2 by size in focus markets

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EMEA No.2 in UK; largest provider in Jersey, Ireland,

South Africa, Italy, Denmark & Switzerland

Largest AGM Services provider in Germany & Netherlands; No. 2 in Sweden

1,840 clients in UCIA; 760 clients in Continental Europe

NORTH AMERICA

Largest provider in US 2,800 clients & 2 ADR banks (3,000 ADRs)

Largest provider in Canada 2,900 clients

AUSTRALIA & NEW ZEALAND

Largest provider in both markets

944 clients in Australia

240 clients in New Zealand

HONG KONG

2nd largest provider

879 clients

51% Fortune Global 500* 73% Dow Jones 30 30% FTSE 350 50% ASX 200 65% TSX 78% HSI

Major Indices

* Excluding markets where CPU does not operate

Strategic Priorities: Update

13

› Programs underway to deliver operational and process efficiencies. Benefits to be delivered across FY17 – FY20

› Total benefits, including Louisville, expected to be $85 – 100m* per annum

› Stage 2 spans of control commenced in January 2017

Activity Total cost savings estimates $m

Expected benefit realisation (cumulative)

FY17 FY18 FY19 FY20

Stage 1 Louisville (unchanged) 25 - 30 28% 55% 69% 100%

Stage 2 Spans of control ~15 20% 90% 100%

Operational efficiencies 10 - 15 - 25% 75% 100%

Procurement 5 - 8 - 50% 100%

Process Automation ~20 - 20% 80% 100%

Other 10 - 12 - 50% 100%

Stage 3 Further initiatives TBD

Total estimate 85 - 100

* Excluding UKAR integration. Estimates of total cash costs to deliver Stage 1 remain unchanged at $80-85 million. Total cash costs to achieve stage 2 savings estimated to be $30-40 million inclusive of opex and capex. Stage 2 costs to be incurred in FY17 and FY18. All opex costs to be expensed and included in Management adjustments. Savings to be achieved across the Group. Note: Expected FY17 post tax management adjustment of $21-25m for Stages 1 and 2

Structural cost out program underway

Capital management

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Cash flow and capital efficiency help drive growth and enhanced returns

• Free cash flow and asset disposals fund strategic investments in mortgage services and Employee Share Plans and enhanced returns to shareholders. Net debt fell by $111.8m, -9.9%

Cash flow

• Completed the disposal of the Company’s global headquarters in Melbourne and investment in INVeSHARE Inc (excluded from management earnings in 1H17)

Recycling capital

• To maintain our gearing level such that net debt/EBITDA is between 1.75x – 2.25x (excluding the non-recourse SLS advance facility debt), with flexibility to temporarily go above this range to take advantage of compelling investment opportunities. We will consider capital management to maintain leverage within this target band

Board Policy

• In 1H17, the Company purchased and cancelled 500,000 ordinary shares at a total cost of AU$4.6 million with an average price of AU$9.20 bringing the total number of ordinary shares bought back under the buy-back program to 9,877,069 at an average price of AU$10.65 per share

Share buy-back

• Interim dividend of AU17 cents franked at 30%, +6.3% on pcp • Our franking rate for FY17 is expected to be in the range of 20% to 30%

Increased dividend

Margin Income Headwind becoming tailwind, FY18 expected to be higher than pcp

15

Aver

age

Clie

nt B

alan

ces

for

per

iod

USD

bill

ion

14.4 14.0

15.1 15.2 15.0

16.3 16.6 105.8

86.8 89.4 86.4

79.0 74.3

66.6

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0

1H14 2H14 1H15 2H15 1H16 2H16 1H17

Average balances Margin Income (USD m)

* References throughout this presentation relate to 1H17 unless otherwise stated

Breakdown of balances Exposed and hedged

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USD 16.6bn Total balances

USD 6.3bn Non-exposed balances

USD 10.3bn Exposed balances

USD 5.5bn Non-hedged balances

USD 4.8bn Hedged balances

USD 2.8bn Fixed Rate Deposits

USD 2.0bn Fixed Rate Swaps

USD 4.3bn Non-hedged

balances

USD 1.2bn Natural hedge floating rate

corporate debt

Lagged impact from rate changes Immediate impact from rate changes

1% = $55m annualised

EBITDA

Headwind turning into tailwind After a sustained period of interest rate declines rate curves are now improving

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- 1.00 2.00 3.00 4.00 5.00 6.00 %

- 1.00 2.00 3.00 4.00 5.00 6.00 7.00

%

-

1.00

2.00

3.00

4.00

5.00

6.00%

CAD

USD

GBP

Conclusions

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Execution on track for sustained earnings growth

Delivering on growth, profitability and capital management strategies. Anticipated benefits beginning to emerge

Robust underlying business performance continues

Progress in building growth engines and reducing costs

Recycling capital to drive growth, scale and improved returns

Guidance re-affirmed: management EPS for FY17 expected to be between 56 - 58 cents in constant currency (FY16 55.09 cents)

Simpler, more transparent, disciplined and profitable

Important notice

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Forward-looking statements

› This announcement may include 'forward-looking statements'. Such statements can generally be identified by the use of words such as 'may', 'will', 'expect', 'intend', 'plan', 'estimate', 'anticipate', 'believe', 'continue', 'objectives', 'outlook', 'guidance' and similar expressions. Indications of plans, strategies, management objectives, sales and financial performance are also forward-looking statements.

› Such statements are not guarantees of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are outside the control of Computershare. Actual results, performance or achievements may vary materially from any forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements, which are current only as at the date of this announcement.