TOTAL SYSTEM SERVICES, INC. Statement re Computation of Per Share Earnings The following computations set forth the calculations of primary and fully diluted earnings per share for the three months ended March 31, 1995 and 1994: Three Months Ended Three Months Ended March 31, 1995 March 31, 1994 Fully Fully Primary Diluted Primary Diluted Earnings Earnings Earnings Earnings Per Share Per Share Per Share Per Share Net income $ 4,783,519 $ 4,783,519 $ 4,348,520 $ 4,348,520 ========== ========== ========== ========== Weighted average number of common shares 64,631,294 64,631,294 64,624,272 64,624,272 Net increase due to assumed issuance of shares related to stock options outstanding 63,682 63,682 -- -- Increase due to contingently issuable shares associated with an acquisition 19,434 19,434 24,004 48,008 ---------- ---------- ---------- ---------- Adjusted weighted average number of common and common equivalent shares out- standing 64,714,410 64,714,410 64,648,276 64,672,280 ========== ========== ========== ========== Net income per common and common equivalent share $ 0.074 $ 0.074 $ 0.067 $ 0.067 ========== ========== ========== ==========