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 quarters ended March 31, 1996 and 1995: Quarters ended Quarters ended March 31, 1996 March 31, 1995 -------------------- ------------------- Fully Fully Primary Diluted Primary Diluted Earnings Earnings Earnings Earnings Per Share Per Share Per Share Per Share Net income $ 5,969,214 $ 5,969,214 $ 4,783,519 $ 4,783,519 ========== ========== ========== ========== Weighted average number of common shares 129,281,960 129,281,960 129,262,588 129,262,588 Net increase due to assumed issuance of shares related to stock options outstanding 152,178 162,616 127,364 127,364 Increase due to contingently issuable shares associated with an acquisition -- -- 38,868 38,868 ----------- ----------- ----------- ---------- Adjusted weighted average number of common and common equivalent shares outstanding 129,434,138 129,444,576 129,428,820 129,428,820 =========== =========== =========== =========== Net income per common and common equivalent share $ .05 $ .05 $ .04 $ .04 =========== =========== =========== ==========