PowerPoint Template MARKET ANNOUNCEMENT

Computershare Limited

ABN 71 005 485 825

Yarra Falls, 452 Johnston Street Abbotsford

Victoria 3067 Australia PO Box 103 Abbotsford Victoria 3067 Australia

Telephone 61 3 9415 5000

Facsimile 61 3 9473 2500 www.computershare.com

Date:

4 May 2016

To:

Australian Securities Exchange

Subject:

Computershare appointed to undertake mortgage servicing activities for UK Asset Resolution Limited

MARKET ANNOUNCEMENT Computershare Limited (ASX: CPU) today advises that, following the announcement to the Australian Securities Exchange on 2 February 2016, its UK business has now been appointed by UK Asset Resolution Limited (UKAR) to undertake its mortgage servicing activities. Key Points

  • This is a seven-year outsourcing contract covering £30bn of UKAR mortgages. In addition, Computershare has entered into separate contracts for the servicing of the £11bn of assets purchased by Cerberus from UKAR in November 2015

  • UKAR will continue to own and have ultimate responsibility for NRAM and Bradford & Bingley mortgages and loans

  • Around 1,700 staff based in Sunderland and West Yorkshire will transfer to Computershare and will continue to service customers

  • The contract is expected to start in mid-2016 post satisfaction of closing requirements.

Computershare's subsidiary HML already services £5bn of mortgages for UKAR in addition to this contract appointment.

Computershare CEO, Mr Stuart Irving said "We are delighted to be selected by UKAR to provide mortgage servicing capabilities and will ensure customers receive the same high quality of service they are used to with UKAR. We have an enviable track record of quality mortgage servicing in the UK with our HML business and are committed to ensuring the transition is a smooth one for all stakeholders".

More details about this transaction are contained in the attached presentation.

Computershare management will be holding a conference call TODAY to provide an overview of the UKAR business.

A recording of the call will be available on the Investor Relations page of our website later today.

Call details Date: 4 May 2016 Time: 9.30am (Melbourne time) Participant code: 9289542653 Melbourne: +61 3 8648 8889 Sydney: +61 2 8088 0900

For further information contact: Computershare

Mr Darren Murphy

Head of Treasury and Investor Relations Ph +61 3 9415 5102

darren.murphy@computershare.com.au

About Computershare Limited

Computershare (ASX: CPU) is a global market leader in transfer agency and share registration, employee equity plans, proxy solicitation and stakeholder communications. We also specialise in corporate trust, mortgage, bankruptcy, class action and utility administration, 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 15,000 employees worldwide. For more information, visit www.computershare.com

About UKAR

More information regarding UKAR can be found at www.ukar.co.uk.

UKAR APPOINTMENT - BUILDING THE LEADING MORTGAGE SERVICING BUSINESS IN THE UK

Stuart Irving

Chief Executive Officer and President

Mark Davis

Chief Financial Officer

May 2016

Highlights

Financially attractive appointment that enhances strategic positioning

1 Contract - appointed by UK Government agency (UKAR) under a long term contract of 7 years to exclusively service a £30bn portfolio of mortgages. A separate £11bn portfolio that has been acquired by

other parties will also be serviced. Projected revenues are approximately £600m over the 7 year period with 1,700 full time equivalent employees transferring to CPU

2

Strong strategic fit - provides scale and enhances CPU's position as the market leader in the emerging and potentially large UK outsourced mortgage servicing market. Strong combination with CPU's existing HML business. Well placed to win new clients and broaden revenue base
  1. Financially attractive - Modestly EPS accretive in first year. Profitable and cash flow positive throughout term. Scope for significant cost savings and synergies across the combined UKAR + HML

    business: circa £100m+ PBT expected over the 7 year period

  2. Capital light servicing - fee for service contract. No balance sheet exposure such as purchasing mortgage servicing rights or providing advances as occurs in the US mortgage servicing market
  3. Enhances growth strategy - a further step in executing CPU's mortgage servicing growth strategy along with the CMC acquisition in the US
  4. Mortgage servicing fits well with CPU's core strengths - leverages core CPU skills: managing large volumes of complex financial data requiring high integrity, in a timely, accurate and trusted

manner in an industry that CPU knows well

2

Computershare Ltd. published this content on 04 May 2016 and is solely responsible for the information contained herein.
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