The board of directors of Computershare Limited has pleasure in submitting its report in respect of the financial year ended 30 June 2003.

DIRECTORS

The following directors were directors during the whole of the financial year and up to the date of this report:

A S Murdoch (Chairman)
C J Morris (Managing Director)
P D DeFeo
P J Griffin
P J Maclagan
A N Wales

W E Ford was appointed a director on 17 January 2003 and continues in office at the date of this report.
T M Butler was appointed a director on 15 May 2003 and continues in office at the date of this report.
I D Saville was a director from the beginning of the financial year until his resignation on 15 May 2003.

The qualifications, experience and responsibilities of directors are outlined on pages 32-33 of the 2003 Concise Annual Report.