Computershare Launches Cross Border Settlement Service in Hong Kong

By Computershare, PRNE
Wednesday, January 19, 2011

LONDON, January 20, 2011 - Computershare (ASX:CPU), a global market leader in transfer agency and
share registration today announced that it is extending its highly-regarded
web based xSettle(tm) service to support dual listed securities in the Hong

Introduced in 2006, xSettle helps market participants including brokers,
banks and institutions to move securities between key capital markets
efficiently; a process that is critical to support inter-market trading.
Since 2006, xSettle has processed over 125,000 cross border transactions.

The launch means that for the first time in Hong Kong, through a
settlement agent arrangement, Computershare can extend its cross border
service to interact with accounts in the local depository, CCASS, mirroring
the service offered in other global markets. Initially, xSettle will be
deployed to move securities between Hong Kong and London, commencing with UK
companies that have dual listings in Hong Kong. Other markets will be phased
in according to demand.

Paul Conn, President of Computershare Global Capital Markets said "We
continue to see strong interest in listing in Hong Kong from a diverse range
of international issuers and their advisors. Introducing xSettle complements
our global registry service platform and supports our leading position in the
Hong Kong market. Given the volume of cross border business in and out of
Hong Kong, this launch makes total sense."

xSettle will streamline settlement processes between market participants
in Hong Kong and London, removing the need to rely on paper-based physical
settlements in the Hong Kong market. Market participants will be able to
settle cross border transactions more conveniently and cost effectively.

The deployment of xSettle; already used to move securities between
Australia, Jersey, UK, Ireland, US, Canada and South Africa; will enable
Computershare to reduce the cost of rapidly transferring securities into and
out of Hong Kong by up to 25%.

The first security to be introduced to the service between Hong Kong and
London will be HSBC Holdings plc, effective from Monday 24th January. Other
companies' securities are expected to be added in the near future.

About Computershare Limited (CPU)

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 services, tax voucher
solutions, bankruptcy administration and a range of other diversified
financial and governance services.

Founded in 1978, Computershare is renowned for its expertise in data
management, high volume transaction processing, payments and stakeholder
engagement. Many of the world's leading organisations use these core
competencies to help maximise the value of relationships with their
investors, employees, creditors, members and customers.

Computershare is represented in all major financial markets and has over
10,000 employees worldwide.

For more information, visit

Enquiries: Lucy Newcombe, Corporate Communications Director, Email: Lucy.newcombe at, +44(0)870-7030041

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