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 twelve months ended December 31, 1996, 1995 and 1994. Twelve Months Ended Twelve Months Ended Twelve Months Ended December 31, 1996 December 31, 1995 December 31, 1994 ------------------------ -------------------------- ----------------------- Fully Fully Fully Primary Diluted Primary Diluted Primary Diluted Earnings Earnings Earnings Earnings Earnings Earnings Per Share Per Share Per Share Per Share Per Share Per Share --------- --------- --------- --------- --------- --------- Net income $ 39,437,181 $ 39,437,181 $ 27,730,102 $ 27,730,102 $ 22,490,144 $ 22,490,144 =========== =========== =========== =========== =========== =========== Weighted average number of common shares outstanding 129,287,493 129,287,493 129,263,226 129,263,226 129,259,124 129,259,124 Increase due to assumed issuance of shares related to stock options outstanding 163,605 167,903 130,086 153,588 110,548 127,718 Increase due to contingently issuable shares associated with an acquisition - - 21,978 21,978 - 75,302 ----------- ----------- ----------- ----------- ----------- ----------- Adjusted weighted average number of common and common equivalent shares outstanding 129,451,098 129,455,396 129,415,290 129,438,792 129,369,672 129,462,144 =========== =========== =========== =========== =========== =========== Net income per common and common equivalent share $ .30 $ .30 $ .21 $ .21 $ .17 $ .17 =========== =========== =========== =========== =========== ===========