<SUBMISSION>
<ACCESSION-NUMBER>0000950124-03-004092
<TYPE>DEF 14A
<PUBLIC-DOCUMENT-COUNT>6
<PERIOD>20040205
<FILING-DATE>20031229
<EFFECTIVENESS-DATE>20031229
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>ACCENTURE LTD
<CIK>0001134538
<ASSIGNED-SIC>7389
<IRS-NUMBER>000000000
<FISCAL-YEAR-END>0831
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>DEF 14A
<ACT>34
<FILE-NUMBER>001-16565
<FILM-NUMBER>031074310
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>CANON'S COURT
<STREET2>22 VICTORIA STREET, HAMILTON
<CITY>HAMILTON
<STATE>D0
<ZIP>HM12
</BUSINESS-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>DEF 14A
<SEQUENCE>1
<FILENAME>c81479ddef14a.htm
<DESCRIPTION>DEFINITIVE PROXY STATEMENT
<TEXT>
<HTML>
<HEAD>
<TITLE>def14a</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="70%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="13%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="15%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD colspan="3" nowrap align="center"><FONT size="2">OMB APPROVAL</FONT></TD>
</TR>
<TR valign="bottom">
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD colspan="3" nowrap align="center"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
OMB Number:
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="right" valign="top"><FONT size="2">3235-0059</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Expires:
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>

<TD nowrap align="right" valign="top"><FONT size="2">February&nbsp;28, 2006</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="2" nowrap align="left" valign="top"><FONT size="2">Estimated average burden<br>hours per

response</FONT></TD>

        <TD align="right" valign="bottom"><FONT size="2">12.75</FONT></TD>
</TR>

</TABLE>
</CENTER>

<P align="center"><font size="2"><B>UNITED STATES<BR>SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B>
</font>

<P align="center"><FONT size="2"><B>SCHEDULE 14A</B>
</FONT>


<P align="center"><FONT size="2"><B>Proxy Statement Pursuant to Section 14(a) of the Securities<BR>
Exchange Act of 1934</B></FONT>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="3%"></TD>
        <TD width="97%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD><FONT size="2">Filed by the Registrant &nbsp;&nbsp;<FONT face="wingdings">&#120;</FONT></FONT></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD><FONT size="2">Filed by a Party other than the Registrant &nbsp;&nbsp;<FONT face="wingdings">&#111;</FONT></FONT></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD><FONT size="2">Check the appropriate box:</FONT></TD>
</TR>
</TABLE>
<p>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="3%"></TD>
        <TD width="97%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>

<TD><FONT size="2"><FONT face="wingdings">&#111;</FONT>&nbsp;&nbsp; Preliminary Proxy Statement</FONT></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>

<TD><FONT size="2"><FONT face="wingdings">&#111;</FONT>&nbsp;&nbsp;
<B>Confidential, for Use of the Commission Only (as permitted by
Rule&nbsp;14a-6(e)(2))</B></FONT></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>

<TD><FONT size="2"><FONT face="wingdings">&#120;</FONT>&nbsp;&nbsp; Definitive Proxy Statement</FONT></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD><FONT size="2"><FONT face="wingdings">&#111;</FONT>&nbsp;&nbsp; Definitive Additional Materials</FONT></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>

<TD><FONT size="2"><FONT face="wingdings">&#111;</FONT>&nbsp;&nbsp;
Soliciting Material Pursuant to &#167;240.14a-12</FONT></TD>
</TR>
</TABLE>


<center>
<P align="center"><FONT size="2"><B>Accenture Ltd</B></FONT>
<DIV align="center"><FONT size="2"><HR size="1" noshade></FONT></DIV>
<DIV align="center"><FONT size="2"><B>(Name of Registrant as Specified
In Its Charter)</B>
</FONT></DIV>
</center>
<p>
<center>
<P align="center"><FONT size="2"><B>None</B></FONT>
<DIV align="center"><FONT size="2"><HR size="1" noshade></FONT></DIV>
<DIV align="center"><FONT size="2"><B>(Name of Person(s) Filing Proxy
Statement, if other than the Registrant)</B>
</FONT></DIV>
</center>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payment of Filing Fee (Check the appropriate box):
</FONT>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="3%"></TD>
        <TD width="97%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>

<TD><FONT size="2"><FONT face="wingdings">&#120;</FONT>&nbsp;&nbsp; No fee required.</FONT></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>

<TD><FONT size="2"><FONT face="wingdings">&#111;</FONT>&nbsp;&nbsp;
Fee computed on table below per Exchange Act Rules&nbsp;14a-6(i)(4) and
0-11.</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="3%"></TD>
        <TD width="97%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1)&nbsp;Title of each class of securities to which transaction applies:</FONT></TD>
</TR>
</TABLE>
<HR size="1" noshade>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="3%"></TD>
        <TD width="97%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2)&nbsp;Aggregate number of securities to which transaction applies:</FONT></TD>
</TR>
</TABLE>
<HR size="1" noshade>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="3%"></TD>
        <TD width="97%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3)&nbsp;Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule&nbsp;0-11 (set forth the amount on which the
filing fee is calculated and state how it was determined):</FONT></TD>
</TR>
</TABLE>
<HR size="1" noshade>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="3%"></TD>
        <TD width="97%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4)&nbsp;Proposed maximum aggregate value of transaction:</FONT></TD>
</TR>
</TABLE>
<HR size="1" noshade>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="3%"></TD>
        <TD width="97%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5)&nbsp;Total fee paid:</FONT></TD>
</TR>
</TABLE>
<HR size="1" noshade>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="3%"></TD>
        <TD width="97%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="wingdings">&#111;</FONT>&nbsp;&nbsp; Fee paid previously with preliminary materials.</FONT></TD>
</TR>
</TABLE>
<HR size="1" noshade>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="3%"></TD>
        <TD width="97%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="wingdings">&#111;</FONT>&nbsp;&nbsp; Check box if any part of the fee is offset as provided by Exchange Act
Rule&nbsp;0-11(a)(2) and identify the filing for which the offsetting fee
was paid previously. Identify the previous filing by registration
statement number, or the Form or Schedule and the date of its filing.</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="3%"></TD>
        <TD width="97%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1)&nbsp;Amount Previously Paid:</FONT></TD>
</TR>
</TABLE>
<HR size="1" noshade>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="3%"></TD>
        <TD width="97%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2)&nbsp;Form, Schedule or Registration Statement No.:</FONT></TD>
</TR>
</TABLE>
<HR size="1" noshade>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="3%"></TD>
        <TD width="97%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3)&nbsp;Filing Party:</FONT></TD>
</TR>
</TABLE>
<HR size="1" noshade>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="3%"></TD>
        <TD width="97%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4)&nbsp;Date Filed:</FONT></TD>
</TR>
</TABLE>
<HR size="1" noshade>

<p>
<center>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="20%"></TD>
        <TD width="80%"></TD>
</TR>
<TR valign="top">
        <TD valign="bottom"><font size="2">SEC 1913 (02-02)</font></TD>
        <TD><font size="2"><b>Persons who are to respond to the collection of information
contained in this form are not required to respond unless the form displays a currently valid
OMB control number.</b></font></TD>
</TR>
</TABLE>
</center>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="15%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="82%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="bottom">
    <IMG src="c81479dc8147947.gif" alt="(ACCENTURE LOGO)"></TD>
</TR>

</TABLE>
</CENTER>

<DIV align="right">
<FONT size="2">Joe W. Forehand
</FONT>
</DIV>

<DIV align="right">
<FONT size="2">Chairman&nbsp;&#38; CEO
</FONT>
</DIV>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    December&nbsp;26, 2003</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    Dear Fellow Shareholder:</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    You are cordially invited to attend the 2004 Annual General
    Meeting of Shareholders (the &#147;Annual Meeting&#148;), which
    will be held at 10:00&nbsp;a.m., local time, on Thursday,
    February&nbsp;5, 2004 at the Hyatt Regency Reston, 1800
    Presidents Street, Reston, Virginia 20190, USA.</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    At this year&#146;s meeting, you will vote on the appointment of
    four directors and the re-appointment of KPMG LLP as our
    independent auditors. In addition, the audited consolidated
    financial statements of Accenture Ltd and its subsidiaries for
    the fiscal year ended August&nbsp;31, 2003 will be received at
    the Annual Meeting.</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    Our Board of Directors has nominated the director nominees and
    has made the other proposals to be presented at the Annual
    Meeting and discussed in the accompanying proxy statement. The
    Board of Directors recommends that you vote for all of the
    director nominees and for the approval of KPMG as our
    independent auditors.</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    Your vote is very important to us. You may submit your proxy
    either by returning a proxy card or by submitting your proxy
    over the telephone or the Internet. If you submit your proxy
    before the meeting and subsequently decide to attend the meeting
    in person, you may still vote in person at the meeting. For
    further information regarding the matters to be voted upon at
    the Annual Meeting, I urge you to carefully read the
    accompanying proxy statement.</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    Please let us know whether you plan to attend the Annual Meeting
    by informing us when you submit your proxy, as indicated in your
    proxy instructions. Please note that if you plan to attend the
    Annual Meeting but your shares are held in a name other than
    your own (for example, if your shares are held by a broker in
    &#147;street name&#148;), then certain steps, described in the
    accompanying proxy statement, will be required for you to be
    admitted into the meeting.</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    Thank you for your continued support.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="47%"></TD>
    <TD width="53%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <IMG src="c81479dc8147956.gif" alt="(-S- JOE W. FOREHAND)"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    JOE W. FOREHAND</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    Chairman&nbsp;&#38; CEO</TD>
</TR>

</TABLE>
<!-- PAGEBREAK -->
<P><HR noshade><P>

<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="76%"></TD>
</TR>
<TR><TD colspan="9"><A HREF="#000">GENERAL INFORMATION</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">PROPOSAL NO. 1--APPOINTMENT OF DIRECTORS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#002">PROPOSAL NO. 2--RE-APPOINTMENT OF INDEPENDENT AUDITORS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#003">INDEPENDENT AUDITORS&#146; FEES AND OTHER MATTERS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#004">COMPENSATION OF EXECUTIVE OFFICERS AND DIRECTORS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#005">SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE</A></TD></TR>
<TR><TD colspan="9"><A HREF="#006">BENEFICIAL OWNERSHIP OF DIRECTORS AND EXECUTIVE OFFICERS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#007">BENEFICIAL OWNERS OF MORE THAN FIVE PERCENT OF ANY CLASS OF VOTING SECURITIES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#008">CERTAIN TRANSACTIONS AND RELATIONSHIPS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#009">SUBMISSION OF FUTURE SHAREHOLDER PROPOSALS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#010">INCORPORATION BY REFERENCE</A></TD></TR>
<TR><TD colspan="9"><A HREF="#011">SUBMITTING YOUR PROXY BY TELEPHONE OR VIA THE INTERNET</A></TD></TR>
<TR><TD colspan="9"><A HREF="#012">ELECTRONIC DELIVERY OF SHAREHOLDER COMMUNICATIONS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#013">CONTACTING THE BOARD OR OUR LEAD OUTSIDE DIRECTOR</A></TD></TR>
</TABLE>
</CENTER>
<!-- /TOC -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV align="left">
<IMG src="c81479dc8147947.gif" alt="(ACCENTURE LOGO)">
</DIV>

<P align="center">
<B>NOTICE OF THE 2004 ANNUAL GENERAL MEETING OF SHAREHOLDERS</B>

<P align="left">
To our Shareholders:

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
You are hereby notified that the 2004 Annual General Meeting of
Shareholders of Accenture Ltd will be held at 10:00&nbsp;a.m.,
local time, on Thursday, February&nbsp;5, 2004, at the Hyatt
Regency Reston, 1800&nbsp;Presidents Street, Reston, Virginia
20190, USA, to receive the report of our independent auditors
and the financial statements for our fiscal year ended
August&nbsp;31, 2003, and to vote upon the following items:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    1.&nbsp;to appoint Dennis F. Hightower, William L. Kimsey,
    Robert I. Lipp and Wulf von Schimmelmann as Class&nbsp;III
    directors, each for a term expiring at the 2007 Annual General
    Meeting of Shareholders;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    2.&nbsp;to re-appoint KPMG LLP as independent auditors of
    Accenture Ltd for a term expiring at the 2005 Annual General
    Meeting of Shareholders and to authorize the Board (acting by
    its Audit Committee) to determine their remuneration;&nbsp;and</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    3.&nbsp;to transact any other business that may properly come
    before the meeting and any adjournment or postponement of the
    meeting.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Board has set December&nbsp;8, 2003 as the record date for
the meeting. This means that only those persons who were
registered holders of Accenture Ltd&#146;s Class&nbsp;A common
shares or Class&nbsp;X common shares at the close of business on
that record date will be entitled to receive notice of the
meeting and to attend and vote at the meeting.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="40%"></TD>
    <TD width="60%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    By order of the Board of Directors,</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <IMG src="c81479dc8147957.gif" alt="-s- Douglas G. Scrivner"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    DOUGLAS G. SCRIVNER</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    General Counsel and Secretary</TD>
</TR>

</TABLE>

<P align="left">
December&nbsp;26, 2003
<DIV style="width: 100%; border: 1px solid black; padding: 12px;">

<P align="center">
<B>PLEASE SUBMIT YOUR PROXY BY TELEPHONE OR THE INTERNET,</B>

<DIV align="center">
<B>OR BY MARKING, SIGNING, DATING AND RETURNING A PROXY CARD.</B>
</DIV>

<P align="center">
<B>We encourage you to permit us to send you shareholder
communications</B>

<DIV align="center">
<B>electronically. You can find more information on receiving
these</B>
</DIV>

<DIV align="center">
<B>communications electronically in the &#147;Electronic
Delivery of Shareholder</B>
</DIV>

<DIV align="center">
<B>Communications&#148; section on page&nbsp;31 of the
accompanying proxy statement.</B>
</DIV>
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<P align="center">
<B>TABLE OF CONTENTS</B>

<CENTER>
<TABLE width="60%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="87%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2"></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Page</FONT></B></TD>
</TR>

<TR>
    <TD colspan="2"></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
</TR>

<TR>
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">GENERAL INFORMATION
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">PROPOSAL NO. 1&#151;APPOINTMENT OF DIRECTORS
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">4</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">OTHER CURRENT DIRECTORS
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">6</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">PROPOSAL NO. 2&#151;RE-APPOINTMENT OF INDEPENDENT
    AUDITORS
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">15</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">INDEPENDENT AUDITORS&#146; FEES AND OTHER MATTERS
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">18</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">COMPENSATION OF EXECUTIVE OFFICERS AND DIRECTORS
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">20</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">SECTION&nbsp;16(a) BENEFICIAL OWNERSHIP REPORTING
    COMPLIANCE
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">26</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">PERFORMANCE GRAPH
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">27</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">BENEFICIAL OWNERSHIP OF DIRECTORS AND EXECUTIVE
    OFFICERS
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">28</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">BENEFICIAL OWNERS OF MORE THAN FIVE PERCENT
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">29</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">CERTAIN TRANSACTIONS AND RELATIONSHIPS
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">30</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">SUBMISSION OF FUTURE SHAREHOLDER PROPOSALS
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">30</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">INCORPORATION BY REFERENCE
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">30</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">SUBMITTING YOUR PROXY BY TELEPHONE OR VIA THE
    INTERNET
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">30</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">ELECTRONIC DELIVERY OF SHAREHOLDER COMMUNICATIONS
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">31</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">CONTACTING THE BOARD OR OUR LEAD OUTSIDE DIRECTOR
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">31</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">ANNEX A: CERTAIN TRANSACTIONS AND RELATIONSHIPS
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">A-1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">LIST OF APPENDICES
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Appendix&nbsp;1: Audit Committee Charter
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Appendix&nbsp;2: Independence Standards
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

</TABLE>
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<DIV align="center">
<HR size="1" width="30%" align="center" noshade>
</DIV>

<P align="center">
<B>PROXY STATEMENT</B>

<P align="center">
<HR size="1" width="30%" align="center" noshade>

<!-- link1 "GENERAL INFORMATION" -->
<DIV align="left"><A NAME="000"></A></DIV>

<P align="center">
<B>GENERAL INFORMATION</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Board of Directors (the &#147;Board&#148;) of Accenture Ltd
is soliciting your proxy for use at the 2004 Annual General
Meeting of Shareholders (the &#147;Annual Meeting&#148;) to be
held on February&nbsp;5, 2004. Accenture Ltd maintains a
registered office in Bermuda at Canon&#146;s Court,
22&nbsp;Victoria Street, Hamilton&nbsp;HM12, Bermuda. Our
telephone number in Bermuda is +1&nbsp;441-296-8262.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Our website address is www.accenture.com. We make available free
of charge through the Investor Relations section of our website
(http://www.accenture.com/investor/) our Annual Report on
Form&nbsp;10-K, Quarterly Reports on Form&nbsp;10-Q, Current
Reports on Form&nbsp;8-K and all amendments to those reports as
soon as reasonably practicable after such material is
electronically filed with the Securities and Exchange Commission
(the &#147;SEC&#148;). We also make available through our
website other reports filed with the SEC under the Exchange Act,
including our proxy statements and reports filed by officers and
directors under Section&nbsp;16(a) of that Act, as well as our
Code of Business Ethics and the charters of each of the
Board&#146;s committees. We do not intend for information made
available through our website to be part of this proxy statement.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
These proxy materials are first being sent to shareholders
beginning on or about December&nbsp;29, 2003, along with our
Annual Report on Form&nbsp;10-K for the fiscal year ended
August&nbsp;31, 2003 and the Accenture Annual Report 2003.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We use the term &#147;partner&#148; in this proxy statement to
refer to the executive employees of Accenture with the
&#147;partner&#148; title. We use the terms
&#147;Accenture,&#148; the &#147;Company,&#148; &#147;we,&#148;
&#147;our&#148; and &#147;us&#148; in this proxy statement to
refer to Accenture Ltd and its subsidiaries.

<P align="left">
<B>Date, Time and Place of the Annual Meeting</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We will hold the Annual Meeting at the Hyatt Regency Reston,
1800&nbsp;Presidents Street, Reston, Virginia 20190, USA, on
Thursday, February&nbsp;5, 2004 at 10:00&nbsp;a.m., local time,
subject to any adjournments or postponements.

<P align="left">
<B>Who Can Vote; Votes Per Share</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Board has set December&nbsp;8, 2003 as the record date for
the Annual Meeting. All persons who were registered holders of
Accenture Ltd&#146;s Class&nbsp;A common shares or Class&nbsp;X
common shares at the close of business on that date are
shareholders of record for the purposes of the Annual Meeting
and will be entitled to vote at the Annual Meeting. As of the
close of business on that date, there were 510,131,722
Class&nbsp;A common shares outstanding (which number does not
include 23,853,946 issued shares held by affiliates of
Accenture) and 429,409,916 Class&nbsp;X common shares
outstanding. Class&nbsp;A common shares held by our affiliates
will be voted at the Annual Meeting in a manner that will have
no impact on the outcome of any vote of the shareholders of
Accenture Ltd. Each shareholder of record will be entitled to
one vote per Class&nbsp;A common share and one vote per
Class&nbsp;X common share on each matter submitted to a vote of
shareholders, so long as those votes are represented at the
Annual Meeting, either in person or by proxy. Holders of
Class&nbsp;A common shares and Class&nbsp;X common shares will
vote together, and not as separate classes, on all matters being
considered at the Annual Meeting. Your shares will be
represented if you attend and vote at the Annual Meeting or if
you submit a proxy.

<P align="center"><FONT size="2">1
</FONT>
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<P align="left">
<B>How to Vote; Submitting Your Proxy</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
You may vote your shares either by voting in person at the
Annual Meeting or by submitting a completed proxy. By submitting
your proxy, you are legally authorizing another person to vote
your shares. Your proxy designates Joe W. Forehand, Harry L. You
and Douglas G. Scrivner to vote your shares in accordance with
the voting instructions you indicate in your proxy.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
If you submit your proxy designating Joe W. Forehand, Harry L.
You and Douglas G. Scrivner as the individuals authorized to
vote your shares, but you do not indicate how your shares are to
be voted, then your shares will be voted by those individuals in
accordance with the Board&#146;s recommendations, which are
described in this proxy statement. In addition, if any matters
other than the proposals contained in this proxy statement are
properly brought up at the Annual Meeting, then Joe W. Forehand,
Harry L. You and Douglas G. Scrivner will have the authority to
vote your shares on those matters in accordance with their
discretion and judgment. The Board currently does not know of
any matters to be raised at the Annual Meeting other than the
proposals contained in this proxy statement.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
You may submit your proxy either by mailing us a proxy card or
by submitting your proxy by telephone (at the number set forth
in the accompanying proxy materials) or via the Internet
(www.votefast.com). <B>Please let us know whether you plan to
attend the Annual Meeting by marking the appropriate box on your
proxy card or by following the instructions provided when you
submit your proxy by telephone or via the Internet.</B> In order
for your proxy to be validly submitted and for your shares to be
voted in accordance with your proxy, we must receive your mailed
proxy by 5:00&nbsp;p.m., Eastern Standard Time, on
February&nbsp;4, 2004 (February&nbsp;1, 2004 for Accenture
employees who are submitting proxies for shares purchased
through our employee share purchase plan and held by Salomon
Smith Barney, Inc. (SSB)). If you submit your proxy by telephone
or via the Internet, then you may submit your voting
instructions up until 11:59&nbsp;p.m., Eastern Standard Time, on
February&nbsp;4, 2004 (February&nbsp;1, 2004 for Accenture
employees who are submitting proxies for shares purchased
through our employee share purchase plan and held by SSB).

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Your vote is very important to us. If you do not plan to attend
the Annual Meeting, we encourage you to read the enclosed proxy
statement and submit your completed proxy prior to the Annual
Meeting so that your shares will be represented and voted in
accordance with your instructions.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
If your shares are not registered in your name but in the
&#147;street name&#148; of a bank, broker or other holder of
record (a &#147;nominee&#148;), then your name will not appear
in Accenture Ltd&#146;s register of shareholders. Those shares
are held in your nominee&#146;s name on your behalf, and your
nominee will be entitled to vote your shares. In order for you
to attend the Annual Meeting, you must bring a letter or account
statement showing that you beneficially own the shares held by
the nominee. Note that even if you attend the Annual Meeting,
you cannot vote the shares that are held by your nominee.
Rather, you should instruct your nominee how to vote those
shares on your behalf.

<P align="left">
<B>Quorum and Voting Requirements</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In order to establish a quorum at the Annual Meeting, there must
be at least two shareholders represented at the meeting, either
in person or by proxy, who have the right to attend and vote at
the meeting, and who hold shares representing more than
50&nbsp;percent of the votes that may be cast by all
shareholders of record. For purposes of determining a quorum,
abstentions and broker &#147;non-votes&#148; are counted as
represented. A &#147;non-vote&#148; occurs when a nominee (such
as a broker) holding shares for a beneficial owner abstains from
voting on a particular proposal because the nominee does not
have discretionary voting power for that proposal and has not
received instructions from the beneficial owner on how to vote
those shares.

<P align="center"><FONT size="2">2
</FONT>

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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
For each of the proposals being considered at the Annual
Meeting, approval of the proposal requires the affirmative vote
of a majority of the votes cast. The appointments of the four
director nominees will be considered and voted upon as separate
proposals. Abstentions and broker &#147;non-votes&#148; will not
affect the voting results.

<P align="left">
<B>Voting Agreement; Preliminary Vote</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Accenture Ltd and each of our current partners who owns
Class&nbsp;A common shares or Class&nbsp;X common shares have
entered into a voting agreement, and each person who becomes a
partner is required to enter into the voting agreement. Under
the voting agreement, prior to any vote to be submitted to the
shareholders of Accenture Ltd, our partners will take a
separate, preliminary vote on each matter to be voted on. When
the vote is submitted to the shareholders, all of the shares
subject to the voting agreement will be voted in the shareholder
vote in accordance with the majority of the votes cast in the
preliminary vote. See &#147;Certain Transactions and
Relationships&#151;Voting Agreement&#148; included in this proxy
statement as Annex&nbsp;A and starting on page A-4 for a
description of the voting agreement.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
At the Annual Meeting, an aggregate of 120,485,656 Class&nbsp;A
common shares and an aggregate of 292,993,422 Class&nbsp;X
common shares, or approximately 44% of all of the shares
entitled to vote at the Annual Meeting, will be voted in
accordance with the preliminary vote. The preliminary vote will
be concluded on or about January&nbsp;26, 2004.

<P align="left">
<B>Revoking Your Proxy</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Once you have submitted your proxy, you may revoke your proxy
before it is voted at the Annual Meeting by sending a written
notice to our Secretary at 1661&nbsp;Page Mill Road,
Palo&nbsp;Alto, California, 94304, USA. Any such notice must be
received no later than one hour prior to the beginning of the
Annual Meeting. If you wish to revoke your submitted proxy card
and submit new voting instructions, then you must sign, date and
mail a new and different proxy card with your new voting
instructions, which we must receive by 5:00&nbsp;p.m., Eastern
Standard Time, on February&nbsp;4, 2004 (February&nbsp;1, 2004
for Accenture employees who are submitting proxies for their
shares purchased through our employee share purchase plan and
held by SSB), or you can revoke your proxy in person and vote
your shares at the meeting. If you submit your proxy by
telephone or via the Internet, you can revoke your submitted
proxy and/or submit new voting instructions by that same method,
which must be received by 11:59&nbsp;p.m., Eastern Standard
Time, on February&nbsp;4, 2004 (February&nbsp;1, 2004 for
Accenture employees who are submitting proxies for their shares
purchased through our employee share purchase plan and held by
SSB). Attending the Annual Meeting without taking one of the
actions above will not revoke your proxy.

<P align="left">
<B>Proxy Solicitation</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Accenture Ltd will bear the costs of soliciting proxies from the
holders of our Class&nbsp;A common shares and Class&nbsp;X
common shares. We are initially soliciting these proxies by mail
and e-mail, but our directors, officers and selected other
Accenture employees also may solicit proxies by personal
interview, telephone or e-mail. These persons who help us in the
solicitation will not be specially compensated for those
services, but they may be reimbursed for their out-of-pocket
expenses incurred in connection with the solicitation. Brokerage
houses, nominees, fiduciaries and other custodians will be
requested to forward soliciting materials to beneficial owners
and will be reimbursed for their reasonable out-of-pocket
expenses incurred in sending proxy materials to beneficial
owners. National City Bank, our U.S.&nbsp;branch transfer agent,
has agreed to send a representative to act as our Inspector of
Election at the Annual Meeting and to assist us in tabulating
the votes.

<P align="center"><FONT size="2">3
</FONT>

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<!-- link1 "PROPOSAL NO. 1--APPOINTMENT OF DIRECTORS" -->
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<P align="center">
<B>PROPOSAL NO.&nbsp;1&#151;APPOINTMENT OF DIRECTORS</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Board currently has 15 members who are divided into three
classes based upon the cycle of their respective terms in
office. At each annual general meeting of shareholders, the
appointment of the directors constituting one class of Board
membership expires, and the shareholders vote at that meeting to
appoint the directors nominated for these Board positions, each
to hold office for a three-year term.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
On November&nbsp;10, 2003, Jackson L. Wilson,&nbsp;Jr. resigned
from the Board to facilitate the Board&#146;s plan to have a
majority of independent directors by 2005. As authorized by
Accenture Ltd&#146;s bye-laws, the Board appointed William L.
Kimsey on November&nbsp;13, 2003, to fill the vacancy created by
Mr.&nbsp;Wilson&#146;s resignation.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
On November&nbsp;13, 2003, the Board also appointed Dennis F.
Hightower as a director. Mr.&nbsp;Hightower was appointed in
accordance with the Board&#146;s authority under Accenture
Ltd&#146;s bye-laws to appoint additional directors, so long as
the total number of directors does not exceed the maximum number
permitted by the byelaws.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Karl-Heinz Fl&#246;ther&#146;s term as a Class&nbsp;III director
expires at the Annual Meeting. Mr.&nbsp;Fl&#246;ther is an
internal director originally nominated by our partners in
accordance with the terms of our partner matters agreement. See
&#147;Partner Involvement in the Selection of Director
Nominees&#148; below. As contemplated by the partner matters
agreement and in furtherance of the Board&#146;s plans to have a
majority of independent directors by 2005 and, over time, reduce
the overall size of the Board, the Nominating&nbsp;&#38;
Governance Committee decided, with the agreement of
Mr.&nbsp;Fl&#246;ther, not to recommend the nomination of
Mr.&nbsp;Fl&#246;ther or any other partner for a new term. At
this time, the Board has not proposed any other director
nominee. Proxies cannot be voted for a greater number of persons
than the number of nominees named. After the Annual Meeting, the
Board may, in accordance with Accenture&#146;s bye-laws, appoint
an additional director upon the recommendation by the
Nominating&nbsp;&#38; Governance Committee.

<P align="left">
<B>Class&nbsp;III Directors</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
At this year&#146;s Annual Meeting, all of the Class&nbsp;III
directorships expire, and Dennis F. Hightower and William L.
Kimsey (having been appointed by the Board) are subject to
re-appointment by our shareholders. The Board is nominating four
individuals for appointment as Class&nbsp;III directors, each
for a term expiring at the 2007 Annual General Meeting of
Shareholders. All of the director nominees are current Board
members and have been determined by the Board to be independent,
as further described in this proxy statement:

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Dennis F. Hightower

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
William L. Kimsey

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Robert I. Lipp

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Wulf von Schimmelmann

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>THE BOARD RECOMMENDS THAT YOU VOTE &#147;FOR&#148; THE
APPOINTMENT OF EACH OF THE FOUR DIRECTOR NOMINEES.</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
If you submit your proxy designating Joe W. Forehand, Harry L.
You and Douglas C. Scrivner as your proxies but you do not
indicate how your shares should be voted, then your shares will
be voted in favor of the appointment of all of the nominees. If
any nominee is unwilling or unable to serve as a director, then
the Board will propose another person in place of that original
nominee, and the individuals designated as your proxies will
vote to appoint that proposed person, unless the Board decides
to reduce the number of directors constituting the full Board.
It is currently anticipated that all of the nominees will be
willing and able to serve as directors.

<P align="center"><FONT size="2">4
</FONT>

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<P align="left">
<B>Director Biographies</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Set forth below are the biographies of our director nominees and
our directors.

<P align="left">
<B>Class&nbsp;III Director Nominees</B>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="43%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="54%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <B><FONT size="2">Dennis F. Hightower<BR>
    </FONT></B><FONT size="2">63&nbsp;years old<BR>
    Member, Compensation Committee<BR>
    Member, Nominating&nbsp;&#38; Governance Committee<BR>
    Nominee for Class&nbsp;III Director
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Dennis F. Hightower was appointed by the Board in
    November 2003. During 2000 until his retirement in 2001, he
    served as Chief Executive Officer of Europe Online Networks
    S.A., a Luxembourg-based Internet services provider. From 1996
    until 2000, Mr.&nbsp;Hightower was Professor of Management at
    the Harvard Business School. Previously, Mr.&nbsp;Hightower held
    executive positions at various companies, including The Walt
    Disney Company, Russell Reynolds Associates, Mattel, Inc. and
    General Electric Company. He is a director of Domino&#146;s Inc.
    and its parent company, TISM, Inc., Northwest Airlines
    Corporation, PanAmSat Corporation, The Gillette Company and The
    TJX Companies Inc.
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <B><FONT size="2">William L. Kimsey<BR>
    </FONT></B><FONT size="2">61&nbsp;years old<BR>
    Member, Audit Committee<BR>
    Nominee for Class&nbsp;III Director
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">William L. Kimsey was appointed by the Board in
    November 2003. Mr. Kimsey has more than 30 years of experience
    with the public accounting firm of Ernst&nbsp;&#38; Young (and
    its predecessor Arthur Young&nbsp;&#38; Co.), including four
    years as its Global Chief Executive Officer from 1998 to 2002.
    He is a director of Western Digital Corporation and Royal
    Caribbean Cruise Line Ltd.
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <B><FONT size="2">Robert I. Lipp<BR>
    </FONT></B><FONT size="2">65&nbsp;years old<BR>
    Member, Finance Committee<BR>
    Member, Nominating&nbsp;&#38; Governance Committee<BR>
    Nominee for Class&nbsp;III Director
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Robert I. Lipp has been a director since October
    2001. He is chairman and chief executive officer of Travelers
    Property Casualty Corp. Until December 2000, he was a Vice
    Chairman and Member of the Office of the Chairman of Citigroup,
    a director of Citigroup and CEO of Citigroup&#146;s Global
    Consumer Business. He joined Travelers Group in 1986 and since
    1993, he has held a number of senior positions there, including
    that of CEO and chairman. From 1991 to 1993 he served as CEO and
    chairman of CitiFinancial Credit Company. Mr.&nbsp;Lipp is
    chairman of the board of directors at Travelers Property
    Casualty Corp. and a director of Bank One Corporation.
    </FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <B><FONT size="2">Wulf von Schimmelmann<BR>
    </FONT></B><FONT size="2">56&nbsp;years old<BR>
    Member, Audit Committee<BR>
    Chair, Nominating&nbsp;&#38; Governance Committee<BR>
    Nominee for Class&nbsp;III Director
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Wulf von Schimmelmann has been a director since
    October 2001. He is chief executive officer of Deutsche Postbank
    AG, Germany&#146;s largest independent retail bank and among the
    largest commercial banks in the German market. He is also a
    member of the board of directors of Deutsche Post World Net
    Group.
    </FONT></TD>
</TR>

</TABLE>
</CENTER>

<P align="center"><FONT size="2">5
</FONT>

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<P align="left">
<B>Other Current Directors</B>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="43%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="54%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <B><FONT size="2">Steven A. Ballmer<BR>
    </FONT></B><FONT size="2">47&nbsp;years old<BR>
    Class&nbsp;II Director
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Steven A. Ballmer has been a director since
    October 2001. He is chief executive officer and a director of
    Microsoft Corp., the world&#146;s leading manufacturer of
    software for personal and business computing. Since joining
    Microsoft in 1980, Mr.&nbsp;Ballmer has headed several Microsoft
    divisions, including operations, operating systems development,
    and sales and support. He was promoted to president in July 1998
    and was named CEO in January 2000, assuming full management
    responsibility for the company. Mr. Ballmer&#146;s current term
    as director expires at the annual general meeting of
    shareholders in 2006.
    </FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <B><FONT size="2">Dina Dublon<BR>
    </FONT></B><FONT size="2">50&nbsp;years old<BR>
    Member, Compensation Committee<BR>
    Chair, Finance Committee<BR>
    Class&nbsp;II Director
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Dina Dublon has been a director since October
    2001. She is executive vice president and chief financial
    officer of J.P.&nbsp;Morgan Chase&nbsp;&#38; Co., a leading
    global financial services firm created by the merger of Chase
    Manhattan and J.P.&nbsp;Morgan&nbsp;&#38; Co. She has spent most
    of her professional career with J.P.&nbsp;Morgan
    Chase&nbsp;&#38; Co. and its predecessor firms, starting as a
    trader. Prior to being named CFO, she held numerous other
    positions, including senior vice president and corporate
    treasurer, managing director of the Financial Institutions
    Division and senior vice president of corporate finance. Ms.
    Dublon&#146;s current term as director expires at the annual
    general meeting of shareholders in&nbsp;2006.
    </FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <B><FONT size="2">Joe W. Forehand<BR>
    </FONT></B><FONT size="2">55&nbsp;years old<BR>
    Chairman of the Board<BR>
    Class&nbsp;I Director
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Joe W. Forehand has been Chairman of the Board
    since February 2001 and our CEO since November 1999. He
    currently serves as Chairman of our Management Committee, our
    Executive Committee and our Global Leadership Council. From June
    1998 to November 1999, Mr.&nbsp;Forehand was responsible for our
    Communications&nbsp;&#38; High Tech operating group.
    Mr.Forehand&#146;s current term as director expires at the
    annual general meeting of shareholders in&nbsp;2005.
    </FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <B><FONT size="2">Joel P. Friedman<BR>
    </FONT></B><FONT size="2">56&nbsp;years old<BR>
    Class&nbsp;I Director
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Joel P. Friedman has been a director since June
    2001 and our Chief Operating Officer&#151; Business Process
    Outsourcing since March 2003. He was Partner&#151; Corporate
    Development from November 2002 to March 2003. From March 2002 to
    November 2002, he was Managing General Partner&#151; Accenture
    Technology Ventures and from May 2001 to March 2002 he was
    Managing General Partner&#151; Accenture Technology Ventures,
    Americas. From 1997 to 2000, he was responsible for our Banking
    industry group globally. Mr.&nbsp;Friedman&#146;s current term
    as director expires at the annual general meeting of
    shareholders in 2005.
    </FONT></TD>
</TR>

</TABLE>
</CENTER>

<P align="center"><FONT size="2">6
</FONT>

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<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="43%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="54%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <B><FONT size="2">William D. Green<BR>
    </FONT></B><FONT size="2">Member, Finance Committee<BR>
    50&nbsp;years old<BR>
    Class&nbsp;II Director
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">William D. Green has been a director since June
    2001, our Chief Operating Officer&#151; Client Services since
    March 2003 and our Country Managing Director, United States
    since August 2000. He was our Chief Executive&#151;
    Communications&nbsp;&#38; High Tech Operating Group from
    December 1999 to March 2003. From September 1997 to December
    1999, Mr.&nbsp;Green was responsible for our Resources operating
    group. Mr.&nbsp;Green&#146;s current term as director expires at
    the annual general meeting of shareholders in&nbsp;2006.
    </FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <B><FONT size="2">Stephan A. James<BR>
    </FONT></B><FONT size="2">57&nbsp;years old<BR>
    Class&nbsp;II Director
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Stephan A. James has been a director since
    February 2001 and our Chief Operating Officer&#151; Capabilities
    since March 2003 (serving as Chief Operating Officer from July
    2000 to March 2003). From November 1999 to June 2000, he was
    responsible for our Resources operating group. From September
    1997 to October 1999, Mr. James was responsible for our
    Financial Services operating group. Mr.&nbsp;James&#146; current
    term as director expires at the annual general meeting of
    shareholders in 2006.
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <B><FONT size="2">Blythe J. McGarvie<BR>
    </FONT></B><FONT size="2">47&nbsp;years old<BR>
    Chair, Audit Committee<BR>
    Class&nbsp;I Director
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Blythe J. McGarvie has been a director since
    October 2001. She is president of Leadership for International
    Finance, LLC, a private advisory firm focusing on improving
    clients&#146; financial positions which specializes in
    addressing the business challenges of and providing global
    perspectives to U.S. and multinational companies, primarily in
    the consumer goods and retail industries. From July 1999 to
    December 2002, she was executive vice president and chief
    financial officer of BIC Group, one of the world&#146;s leading
    manufacturers of convenient disposable products. Prior to
    joining BIC, she was senior vice president and CFO of Hannaford
    Bros. Co., a supermarket retailer, for five years. She has also
    held senior financial positions at Sara Lee Corp. and Kraft
    General Foods. She is a member of the board of directors of The
    Pepsi Bottling Group, Inc. and Travelers Property Casualty Corp.
    Ms.&nbsp;McGarvie&#146;s current term as director expires at the
    annual general meeting of shareholders in&nbsp;2005.
    </FONT></TD>
</TR>

</TABLE>
</CENTER>

<P align="center"><FONT size="2">7
</FONT>

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<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="43%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="54%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <B><FONT size="2">Sir Mark Moody-Stuart<BR>
    </FONT></B><FONT size="2">63&nbsp;years old<BR>
    Lead Outside Director<BR>
    Chair, Compensation Committee<BR>
    Member, Finance Committee<BR>
    Class&nbsp;I Director
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Sir Mark has been a director since October 2001.
    The Board appointed Sir Mark as our Lead Outside Director in
    November 2002. He is chairman of AngloAmerican plc, former
    chairman of The Shell Transport and Trading Company and former
    chairman of the Committee of Managing Directors of the Royal
    Dutch/ Shell Group of Companies, a major global oil and gas
    enterprise. He was managing director of Shell Transport and a
    managing director of Royal Dutch/ Shell Group from 1991 to 2001.
    In addition to his position on the board of Anglo American plc,
    Sir Mark is a director of HSBC Holdings PLC and Shell
    Transport&nbsp;&#38; Trading PLC. Sir Mark&#146;s current term
    as director expires at the annual general meeting of
    shareholders in&nbsp;2005.
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <B><FONT size="2">Masakatsu Mori<BR>
    </FONT></B><FONT size="2">56&nbsp;years old<BR>
    Class&nbsp;I Director
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Masakatsu Mori has been a director since June
    2001. He is chairman of Accenture Japan Ltd. From 1989 to March
    2003, Mr.&nbsp;Mori was the Country Managing Partner of our
    Japan practice. Mr.&nbsp;Mori&#146;s current term as director
    expires at the annual general meeting of shareholders
    in&nbsp;2005.
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <B><FONT size="2">Carlos Vidal<BR>
    </FONT></B><FONT size="2">49&nbsp;years old<BR>
    Class&nbsp;II Director
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Carlos Vidal has been a director since February
    2003 and our Chair&#151; Partner Income Committee since March
    2003. He also has been our Managing Partner&#151; Financial
    Services, NEWS Operating Unit, which includes the UK, Ireland
    Italy, Greece, Eastern Europe, Latin America, Spain and Portugal
    since 2000. In addition, Mr.&nbsp;Vidal has been our Country
    Managing Director, Spain since 1998 and Chairman of the
    Geographic Council for Spain, Portugal, South Africa, Nigeria
    and Israel since 2000. Mr.&nbsp;Vidal&#146;s current term as
    director expires at the annual general meeting of shareholders
    in&nbsp;2006.
    </FONT></TD>
</TR>

</TABLE>
</CENTER>

<P align="left">
<B>Partner Involvement in the Selection of Director Nominees</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Each of our partners is a party to a partner matters agreement,
which provides in part that our partners continue to have
influence with respect to a variety of matters over which
neither shareholders nor employees of a public company typically
have input. The partner matters agreement sets forth, among
other things, procedures by which the partners will select
certain nominees who will be recommended to the Board for
nomination as directors. For example, our partners have
selected, since our initial public offering, five partner
nominees for membership on the Board and have the additional
right to determine their replacements if any of these
partner-nominated directors fail to complete their specified
terms of office. This nomination process is being phased out, in
accordance with the agreement, starting with the Annual Meeting.
A description of the partner matters agreement can be found in
our &#147;Certain Transactions&#148; section included in this
proxy statement as Annex&nbsp;A and starting on page&nbsp;A-11.

<P align="left">
<B>Board Meetings and Committees</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Board expects that its members will rigorously prepare for,
attend and participate in all Board and applicable committee
meetings and each annual general meeting of shareholders.
Directors are also expected to become familiar with
Accenture&#146;s management team and operations, as a basis for
discharging their oversight responsibilities. During the fiscal
year ended August&nbsp;31, 2003 (&#147;fiscal 2003&#148;),

<P align="center"><FONT size="2">8
</FONT>
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<DIV align="left">
the Board held four regularly scheduled meetings. Each of the
directors who served during fiscal 2003 attended at least 75% of
the aggregate of Board meetings and meetings of any Board
committee on which he or she served during fiscal 2003. All of
our Board members attended the 2003 Annual General Meeting of
Shareholders.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Board&#146;s outside directors meet separately at each
regularly scheduled Board meeting. During fiscal 2003, the
Board&#146;s outside directors held four such meetings. Each
meeting was led by Sir Mark Moody-Stuart, who was appointed by
the Board in November 2002 to act as the Board&#146;s Lead
Outside Director. In the future, the Board&#146;s independent
directors will meet separately at least once each fiscal year.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Board maintains an Audit Committee, a Compensation Committee
and a Nominating&nbsp;&#38; Governance Committee, as required by
the rules of the New York Stock Exchange. In addition, the Board
formed a Finance Committee in November 2003 that is not required
under the rules of the SEC or the New&nbsp;York Stock Exchange,
but was formed to oversee a variety of finance-related matters.
Information regarding the membership and function of each of
these committees is provided in the following paragraphs.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Audit Committee, Compensation Committee and
Nominating&nbsp;&#38; Governance Committee each operates
pursuant to a written charter, which you can access through the
Corporate Governance section of our website at
<I>www.accenture.com</I>. A copy of our Audit Charter, which was
revised in February 2003, has been attached to this proxy
statement as Appendix&nbsp;1. The charter of our Finance
Committee is in the process of being prepared and, once adopted,
also will be made available through our website. We also make
available through our website other reports filed with the SEC
under the Exchange Act, including our reports filed by officers
and directors under Section&nbsp;16(a) of that Act, as well as
our Code of Business Ethics.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Board has determined that each member of the Audit
Committee, the Compensation Committee and the Nominating &#38;
Governance Committee satisfies the independence standards set
forth in Accenture&#146;s Corporate Governance Guidelines, as
well as the independence requirements of applicable federal law
and of the listing standards of the New&nbsp;York Stock
Exchange. A copy of the independence standards adopted by the
Board is attached to this proxy statement as Appendix&nbsp;2.

<P align="left">
<B>Audit Committee</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Audit Committee was established by the Board for the purpose
of overseeing Accenture&#146;s accounting and financial
reporting processes and audits of our financial statements, in
accordance with Section&nbsp;3(a)(58)(A) of the Securities and
Exchange Act of 1934, as amended. During fiscal 2003, the
committee members were Blythe J. McGarvie (who served as chair),
Robert I. Lipp and Wulf von Schimmelmann. The Board determined
that each member of the Audit Committee is financially literate
and that Ms.&nbsp;McGarvie qualifies as a &#147;financial
expert&#148; for purposes of the rules and regulations of
the&nbsp;SEC.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In November 2003, the Board realigned its committee assignments
and in connection with this realignment, William L. Kimsey
replaced Robert I. Lipp. As such, the current Audit Committee
members are Blythe J. McGarvie (who continues to serve as
chair), William&nbsp;L. Kimsey and Wulf von Schimmelmann. The
Board has determined that each of its members meets the
financial literacy requirements of the New&nbsp;York Stock
Exchange.

<P align="center"><FONT size="2">9
</FONT>

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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Audit Committee held nine meetings during fiscal 2003, five
of which were by teleconference. Pursuant to its charter, the
Audit Committee&#146;s primary duties and responsibilities
are&nbsp;to:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    review and discuss with management and the independent auditors,
    our annual audited financial statements, our quarterly financial
    statements and reports, and any releases, information or
    guidance related thereto;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    retain and terminate our independent auditors and approve all
    audit engagement fees and terms; approve any audit and any
    permissible non-audit engagement or relationship with our
    auditors; review at least annually the qualifications,
    performance and independence of our independent auditors; review
    with our auditors any audit problems or difficulties and
    management&#146;s response; and set hiring policies related to
    employees or former employees of our auditors to ensure
    independence;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    review the integrity of our internal and external reporting
    processes and controls; review the effect of any regulatory and
    accounting initiatives and the effects of these initiatives and
    any off-balance sheet structures on our financial statements;
    establish regular systems of reporting to the committee
    regarding any significant judgments made in the preparation of
    the financial statements or any significant difficulties
    encountered during the course of a review or audit; review any
    significant disagreement between management and the independent
    or internal auditors with respect to the preparation of the
    financial statements; and review and discuss with our auditors
    the responsibilities, budget and staffing of our internal audit
    function;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    review with our counsel any legal matter that could
    significantly impact our financial statements or operations;
    discuss with management and our independent auditors our risk
    assessment and risk management guidelines and policies; oversee
    our compliance program and adherence to our Code of Business
    Ethics; establish procedures for the receipt, retention and
    treatment of complaints regarding accounting, internal
    accounting controls or auditing matters, and for the
    confidential anonymous submission by employees of concerns
    regarding questionable accounting or auditing matters; and
    oversee the maintenance of an internal audit function;&nbsp;and</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    prepare a report to be included in our proxy statement, provide
    other regular reports to the Board and maintain minutes or
    records of its meetings and activities.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Report of the Audit Committee for fiscal 2003 can be found
on page&nbsp;16.

<P align="left">
<B>Compensation Committee</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Compensation Committee consists of three of our directors.
In fiscal 2003, the committee members were Sir Mark Moody-Stuart
(who served as chair), Dina Dublon and William D. Green.
Mr.&nbsp;Green is also an executive officer of Accenture. The
Compensation Committee held six meetings during fiscal 2003, two
of which were by teleconference.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In November 2003, the composition of the Compensation Committee
was changed, so that it is now comprised solely of independent
directors. The current members of the Compensation Committee are
Sir Mark Moody-Stuart (who continues to serve as chair), Dina
Dublon and Dennis F. Hightower. The Compensation
Committee&#146;s primary duties and responsibilities are&nbsp;to:
<P>

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    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    determine our CEO&#146;s annual compensation, taking into
    consideration the feedback provided by a review of the
    CEO&#146;s performance and the recommendation of a committee of
    our partners; review and approve salaries and other matters
    relating to the compensation of our executive officers, based in
    part on the recommendation of a committee of our partners; and
    review and determine on an annual basis the appropriateness of
    compensation of Board members;</TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">10
</FONT>

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    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
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    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    review and make recommendations to the Board with respect to our
    incentive-compensation and equity-based plans, oversee the
    administration of our equity compensation plans; review and
    approve all equity compensation plans that are not otherwise
    subject to shareholder approval; and retain outside compensation
    and benefits consultants to gather independent advice about our
    compensation structure;&nbsp;and</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    prepare a report to be included in our proxy statement, provide
    other regular reports to the Board and maintain minutes or
    records of its meetings and activities.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Report of the Compensation Committee on Executive
Compensation can be found on page&nbsp;20.

<P align="left">
<B>Nominating&nbsp;&#38; Governance Committee</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In fiscal 2003, the Nominating&nbsp;&#38; Governance Committee
consisted of five members, who were Wulf von Schimmelmann (who
served as chair), Steven A. Ballmer, Joel P. Friedman, Sir Mark
Moody-Stuart and Masakatsu Mori. Mr.&nbsp;Friedman and
Mr.&nbsp;Mori are Accenture partners. The Nominating&nbsp;&#38;
Governance Committee held four meetings during fiscal 2003.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In November 2003, the composition of the Nominating&nbsp;&#38;
Governance Committee was changed and the number of members was
reduced to three individuals. The committee is now comprised
solely of independent directors. The committee&#146;s current
members are Wulf von Schimmelmann (who continues to serve as
chair), Dennis F. Hightower and Robert I. Lipp.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Nominating&nbsp;&#38; Governance Committee&#146;s primary
duties and responsibilities are to:
<P>

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    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    have general responsibility for Board selection, composition and
    evaluation, including the making of recommendations regarding
    the size and composition of the Board, the identification of
    qualified candidates for Board membership, the annual evaluation
    of overall Board effectiveness, and the review and oversight of
    Accenture&#146;s Corporate Governance Guidelines;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    manage the committee selection and composition process,
    including the making of recommendations to the Board for
    chairpersons of these committees and the establishment,
    monitoring and making of recommendations for the purpose,
    structure and operations of these committees and the creation or
    elimination of additional committees;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    monitor and oversee corporate governance, including the review
    of our constituent documents and our Corporate Governance
    Guidelines and monitoring new developments in the area of
    corporate governance;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    develop procedures and plans for the continuity of the Board,
    including the implementation of an orientation program for new
    Board members, an annual review of our CEO and developing an
    effective CEO succession plan;&nbsp;and</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    provide regular reports to the Board and maintain minutes or
    records of its meetings and activities.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
During fiscal 2003, the Nominating&nbsp;&#38; Governance
Committee led the process of evaluating our corporate governance
structure. The committee directed the creation of the
&#147;Corporate Governance&#148; section of our website, to
promote disclosure and understanding of our governance structure
and principles, and discussed and recommended to the Board
actions to be taken to address our compliance with various
requirements of the Sarbanes-Oxley Act of 2002 and applicable
requirements of the New&nbsp;York Stock Exchange.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In evaluating candidates for Board membership, the
Nominating&nbsp;&#38; Governance Committee considers whether the
candidate will complement the Board&#146;s geographic, age,
gender and ethnic diversity, and

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<DIV align="left">
assesses the contribution that the candidate&#146;s skills and
expertise will make with respect to guiding and overseeing
Accenture&#146;s strategy and operations. The
Nominating&nbsp;&#38; Governance Committee seeks candidates who
have the ability to develop a deep understanding of our business
as well as the time and judgment to effectively carry out their
responsibilities as Board members.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Mr.&nbsp;Hightower and Mr.&nbsp;Kimsey, two of our director
nominees, are being considered for the first time by our
shareholders for appointment at the Annual Meeting. We generally
use a third-party search firm to assist in identifying potential
board candidates and in assessing and evaluating candidates and
retained such a firm to assist us with the new directors we
sought this year. The search firm identified Mr.&nbsp;Kimsey as
a potential candidate for Board membership and assisted us in
the evaluation process leading to his nomination.
Mr.&nbsp;Hightower was identified by one of our outside
directors. The third-party search firm assisted us in the
review, assessment and evaluation of Mr.&nbsp;Hightower&#146;s
qualifications. As is our practice, each candidate met with
members of the Nominating &#38; Governance Committee, other
Board members and members of our management team. A final
consideration of each candidate was then conducted by the entire
Board upon the recommendation of the Nominating&nbsp;&#38;
Governance Committee.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Nominating&nbsp;&#38; Governance Committee has not
specifically adopted a policy regarding the consideration of
shareholder nominees for directors, but its general policy is to
welcome and consider any recommendations for future nominees.
Our Corporate Governance Guidelines detail the process for
shareholders who wish to send a recommendation for future
nominees for Board membership. If you would like to recommend a
future nominee for Board membership, you can submit a written
recommendation with the name and other pertinent information of
the nominee to: Mr.&nbsp;Wulf von Schimmelmann, Chairman of the
Nominating&nbsp;&#38; Governance Committee, c/o&nbsp;Accenture,
1661&nbsp;Page Mill Road, Palo Alto, California, 94304, USA,
Attention: General Counsel and Secretary.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Although the SEC does not require us to include a report of the
Nominating&nbsp;&#38; Governance Committee in our proxy
materials, the Board concluded that such a report would be
useful to our shareholders. The Report of the
Nominating&nbsp;&#38; Governance Committee for fiscal 2003 can
be on page&nbsp;13.

<P align="left">
<B>Finance Committee</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Finance Committee consists of four of our directors. The
committee members are Dina Dublon (who chairs the committee),
Sir&nbsp;Mark Moody-Stuart, Robert&nbsp;I. Lipp and
William&nbsp;D. Green. Mr.&nbsp;Green is an executive officer of
Accenture. The Finance Committee was formed in November 2003 and
has not yet held any meetings.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
While its charter has not yet been developed, the Finance
Committee&#146;s primary duties and responsibilities are
expected to include the following:
<P>

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    <TD align="left">
    manage and oversee our capital structure and corporate finance
    activities;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    manage and oversee our treasury function and make decisions with
    respect to our investment activities;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    review and make recommendations with respect to any major
    acquisitions that Accenture may decide to undertake;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    review, evaluate and make decisions with respect to the
    management of our pension plans;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    oversee our insurance plans and other activities to manage our
    financial risks;&nbsp;and</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    provide regular reports to the Board and maintain minutes or
    records of its meetings and activities.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We expect to include a report of the Finance Committee in future
proxy statements.

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<P align="left">
<B>Report of the Nominating&nbsp;&#38; Governance Committee</B>

<P align="left">
<B><I>Committee Responsibilities and Meetings</I></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Nominating&nbsp;&#38; Governance Committee of the Board is
primarily responsible for (i)&nbsp;assessing and
selecting/nominating (or recommending to the Board for its
selection/nomination) strong and capable candidates to serve on
the Board; (ii)&nbsp;making recommendations as to the size,
composition, structure, operations, performance and
effectiveness of the Board; (iii)&nbsp;overseeing the
Company&#146;s CEO succession planning process;
(iv)&nbsp;conducting the annual review of the CEO;
(v)&nbsp;developing and recommending to the Board a set of
corporate governance principles; and (vi)&nbsp;taking a
leadership role in shaping the corporate governance of the
Company. A complete description of the Committee&#146;s function
may be found in its charter, as revised and approved by the
Board in 2003, a copy of which may be accessed through the
&#147;Corporate Governance&#148; section of our website
(www.accenture.com).

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Committee spent much of its time this year on issues of
corporate governance, including planning for the Company&#146;s
compliance with the NYSE&#146;s revised listing standards,
requirements of the SEC and the Sarbanes-Oxley Act of 2002 and
other requirements that came into effect in fiscal 2003 or in
early fiscal 2004. It also directed the search that resulted in
the addition of the Board&#146;s most recent members who bring
significant new strengths to the Board. We anticipate that the
Company will be in full compliance with all NYSE listing
standards and, in particular, will have a majority of
independent directors by 2005.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
During the fiscal year ended August&nbsp;31, 2003, the Committee
was comprised of Mr.&nbsp;von Schimmelmann, Mr.&nbsp;Ballmer,
Sir Mark Moody-Stuart, Mr.&nbsp;Friedman and Mr.&nbsp;Mori. The
Board has concluded that Mr.&nbsp;von Schimmelmann and Sir Mark
each is &#147;independent&#148; in accordance with the
Company&#146;s internal standards and those promulgated by the
New&nbsp;York Stock Exchange. The Board also determined that,
given the significance of the Company&#146;s relationships with
Microsoft, Mr.&nbsp;Ballmer&#146;s employer, Mr.&nbsp;Ballmer
should not be considered independent even though he is an
outstanding and valued member of the Board. Mr.&nbsp;Friedman
and Mr.&nbsp;Mori are Accenture partners.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In November 2003, upon the assessment and recommendation of the
Committee, based in part on newly enacted requirements of the
NYSE, the Board realigned all of its committee assignments in
connection with such realignment, the Board elected to reduce
the size of the Nominating and Governance committee to three
members, each of whom, under the NYSE listing standards, must be
independent. Consequently, Mr.&nbsp;Mori, Mr.&nbsp;Friedman,
Mr.&nbsp;Ballmer and Sir Mark are no longer members of the
Committee and Mr.&nbsp;Hightower and Mr.&nbsp;Lipp were
appointed to serve on the Committee. Applying the standards
referenced above, the Board has determined that
Mr.&nbsp;Hightower and Mr.&nbsp;Lipp are
&#147;independent.&#148; The Committee wishes to thank Messrs.
Ballmer, Friedman and Mori and Sir Mark for their outstanding
service.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Committee met four times during fiscal 2003. At these
meetings, the Committee:
<P>

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    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    (i)&nbsp;conducted a thorough review of, and subsequently
    revised, its charter;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    (ii)&nbsp;directed a search for additional independent directors
    to further the Company&#146;s objective of having a majority of
    independent directors. These efforts resulted in
    Mr.&nbsp;Hightower and Mr.&nbsp;Kimsey joining the Board;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    (iii)&nbsp;discussed and prepared criteria for evaluating the
    CEO&#146;s performance, and using that criteria, conducted a
    review of the CEO&#146;s performance for fiscal year 2003;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    (iv)&nbsp;reviewed and subsequently adopted a revised version of
    the Company&#146;s Corporate Governance Guidelines;</TD>
</TR>

</TABLE>

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</FONT>

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<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    (v)&nbsp;developed and adopted standards by which the Board
    assesses the independence of its current directors and potential
    nominees in a manner consistent with the NYSE listing standards;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    (vi)&nbsp;considered whether Ms.&nbsp;McGarvie met the criteria
    to be considered an &#147;audit committee financial expert&#148;
    and, applying such criteria, concluded that she met the
    requisite criteria;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    (vii)&nbsp;prepared and conducted a survey designed to evaluate
    the effectiveness of the Board, reported the results to the full
    Board for its discussion and, utilized this feedback to
    implement measures designed to further enhance Board&#146;s
    effectiveness;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    (viii)&nbsp;directed the creation of the &#147;Corporate
    Governance&#148; section of the Accenture.com website to promote
    disclosure and understanding of our governance structure and
    principles;&nbsp;and</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    (ix)&nbsp;discussed and recommended to the Board actions to
    address compliance with various revisions to the NYSE listing
    standards, the Sarbanes-Oxley Act and SEC regulations.</TD>
</TR>

</TABLE>

<P align="left">
The Committee remains committed to continually assessing and
improving its performance, that of the Board and of governance
of Accenture generally, for the benefit of all its stakeholders.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="40%"></TD>
    <TD width="60%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    THE NOMINATING&nbsp;&#38; GOVERNANCE</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    COMMITTEE</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    Wulf von Schimmelmann, Chair</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    Steven A. Ballmer*</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    Joel P. Friedman*</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    Dennis F. Hightower**</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    Robert I. Lipp**</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    Sir Mark Moody-Stuart*</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    Masakatsu Mori*</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="40%"></TD>
    <TD width="2%"></TD>
    <TD width="58%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">*&nbsp;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Committee member during fiscal year 2003 and
    through 11/13/03
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">**&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Committee member since 11/13/03
    </FONT></TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">14
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<!-- link1 "PROPOSAL NO. 2--RE-APPOINTMENT OF INDEPENDENT AUDITORS" -->
<DIV align="left"><A NAME="002"></A></DIV>

<P align="center">
<B>PROPOSAL NO. 2&#151; RE-APPOINTMENT OF INDEPENDENT
AUDITORS</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Under Bermuda law, our shareholders have the authority to
appoint our independent auditors and to authorize the Board
(acting by its Audit Committee) to determine the auditors&#146;
remuneration. Upon the Audit Committee&#146;s recommendation,
the Board has recommended the re-appointment of KPMG LLP as the
independent auditors to audit our consolidated financial
statements for the fiscal year ending August&nbsp;31, 2004. The
Board is asking our shareholders to approve the re-appointment
of KPMG LLP as auditors to hold office until the 2005 Annual
General Meeting of Shareholders and to approve the Board&#146;s
authority to determine the auditors&#146; remuneration.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We expect that one or more representatives of KPMG LLP will be
present at the Annual Meeting. Each of these representatives
will have the opportunity to make a statement, if they desire,
and are expected to be available to respond to any questions.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>THE BOARD RECOMMENDS THAT YOU VOTE &#147;FOR&#148; THE
RE-APPOINTMENT OF KPMG LLP AND THE BOARD&#146;S AUTHORITY TO
DETERMINE KPMG LLP&#146;S REMUNERATION.</B>

<P align="left">
<B>2003 Audited Financial Statements</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
At the Annual Meeting, we will present the audited consolidated
financial statements for our fiscal year ended August&nbsp;31,
2003. Copies of these financial statements are included in our
Annual Report on Form&nbsp;10-K, which we are delivering to you
with this proxy statement. You may also access these materials
through our website at www.accenture.com/investor/.

<P align="center"><FONT size="2">15
</FONT>

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<P align="left">
<B>Report of the Audit Committee</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Audit Committee of the Board is primarily responsible for
the oversight of: (i)&nbsp;the quality and integrity of the
Company&#146;s accounting and reporting practices and controls,
and its financial statements and reports; (ii)&nbsp;the
Company&#146;s compliance with legal and regulatory
requirements; (iii)&nbsp;the independent auditors&#146;
qualifications and independence; and (iv)&nbsp;the performance
of the Company&#146;s internal audit function and independent
auditors. A complete description of the Committee&#146;s
function may be found in its charter, which was revised and
approved by the Board in fiscal 2003. A copy of the charter is
attached as Appendix&nbsp;1 to this Proxy Statement.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
During fiscal 2003, the Committee was comprised of
Ms.&nbsp;McGarvie, Mr.&nbsp;Lipp and Mr.&nbsp;von Schimmelmann.
The Board concluded that each of these individuals is
&#147;independent&#148; in accordance with the Company&#146;s
standards and those promulgated by the New&nbsp;York Stock
Exchange and meets the financial literacy requirements of the
NYSE. In addition, the Board has determined that
Ms.&nbsp;McGarvie is an &#147;audit committee financial
expert&#148; as defined by the rules of the SEC.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In November 2003, the Board realigned all of its committee
assignments and in connection with such realignment,
Mr.&nbsp;Kimsey replaced Mr.&nbsp;Lipp as a member of the
Committee. Applying the standards referenced above, the Board
has determined that Mr.&nbsp;Kimsey is &#147;independent.&#148;
The Committee is delighted to add his skills and experience to
those of the other members and wishes to extend its thanks and
appreciation to Mr.&nbsp;Lipp for his outstanding service.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Committee met nine times during fiscal 2003. At these
meetings, the Committee met with senior members of management
(including the CEO, CFO, the chief risk officer and the
Company&#146;s general counsel and compliance officer), internal
audit, tax and treasury personnel, the Company&#146;s controller
and its independent auditors. The Committee had an active year,
focusing on:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

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    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    (i)&nbsp;discussions with the independent auditors regarding:
    (a)&nbsp;the plan and scope of the audit for fiscal 2003;
    (b)&nbsp;the results of internal and external audit
    examinations; (c)&nbsp;an assessment of the Company&#146;s
    internal controls; and (d)&nbsp;the quality of the
    Company&#146;s financial reporting;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    (ii)&nbsp;a thorough review, and subsequent revision of, its
    charter and the adoption of a revised Code of Business Ethics;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    (iii)&nbsp;discussion and implementation of a process to ensure
    the pre-approval of any services proposed to be provided by the
    Company&#146;s independent auditors;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    (iv)&nbsp;review of the Company&#146;s risk management efforts,
    including its professional indemnity insurance and the
    Company&#146;s compliance program and related investigations;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    (v)&nbsp;review and discussion of the Company&#146;s internal
    audit function, including a discussion of the results of actions
    taken in fiscal 2003 and plans for fiscal 2004;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    (vi)&nbsp;assessment of the process by which the Company&#146;s
    CEO and CFO certify the information contained in the
    Company&#146;s quarterly and annual filings;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    (vii)&nbsp;review with KPMG LLP and management of accounting
    developments, including SAS&nbsp;99 and EITF&nbsp;00-21 and the
    Company&#146;s critical accounting policies;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    (viii)&nbsp;review and discussion with the Company&#146;s
    management of each of the Company&#146;s quarterly financial
    statements and the audited financial statements of the Company
    for fiscal 2003, along with a discussion with KPMG LLP of those
    matters identified by the Statement of Auditing Standards Board
    Standard No.&nbsp;61, as amended, &#147;Communication with the
    Audit Committee,&#148; and the Company&#146;s related press
    releases in connection with such reports;</TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">16
</FONT>

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<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    (ix)&nbsp;a discussion with KPMG LLP regarding its written
    disclosure and letter as required by Independence Standards
    Board Standard No.&nbsp;1, &#147;Independence Discussions with
    Audit Committees&#148;;&nbsp;and</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    (x)&nbsp;a discussion with KPMG LLP regarding its independence
    and related issues.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In furtherance of its oversight role and in reliance of its
reviews and discussions outlined above, the Committee
recommended, and the Board approved, that the Company&#146;s
audited financial statements be included in its Annual Report on
Form&nbsp;10-K for the fiscal year ended August&nbsp;31, 2003
for filing with the SEC and presentation to the shareholders.
The Committee also recommended the appointment of KPMG LLP as
the independent auditors of the Company for fiscal 2004 and,
subject to shareholder approval, set KPMG LLP&#146;s
compensation.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="40%"></TD>
    <TD width="60%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    THE AUDIT COMMITTEE</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    Blythe J. McGarvie, Chair</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    William L. Kimsey**</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    Robert I. Lipp*</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    Wulf von Schimmelmann</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">*&nbsp;&nbsp;&nbsp;&nbsp;Committee member during
    fiscal 2003 and through 11/13/03
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">**&nbsp;Committee member since 11/13/03
    </FONT></TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">17
</FONT>

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<!-- link1 "INDEPENDENT AUDITORS&#146; FEES AND OTHER MATTERS" -->
<DIV align="left"><A NAME="003"></A></DIV>

<P align="center">
<B>INDEPENDENT AUDITORS&#146; FEES AND OTHER MATTERS</B>

<P align="left">
<B>Independent Auditors&#146; Fees</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The following table describes fees for professional audit
services rendered by KPMG, our principal accountant, for the
audit of our annual financial statements for the year ended
August&nbsp;31, 2003, and fees billed for other services
rendered by KPMG during this period.

<CENTER>
<TABLE width="70%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="78%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="9%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="9%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="center" nowrap><B><FONT size="1">Type of Fee</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">2003</FONT></B></TD>
</TR>

<TR>
    <TD align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">(in thousands)</FONT></B></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Audit Fees(1)
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">4,715</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Audit Related Fees(2)
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">2,299</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Tax Fees(3)
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">752</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">All Other Fees(4)
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">618</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>

</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <B><FONT size="2">Total</FONT></B></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom"><B><FONT size="2">$</FONT></B></TD>
    <TD align="right" valign="bottom" nowrap><B><FONT size="2">8,384</FONT></B></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left"><HR size="4" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>

</TR>

</TABLE>
</CENTER>

<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<HR size="1" width="15%" align="left" noshade>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="7%"></TD>
    <TD width="4%"></TD>
    <TD width="82%"></TD>
    <TD width="7%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">(1)</FONT></TD>
    <TD align="left">
    <FONT size="2">Audit Fees, including those for statutory audits,
    include the aggregate fees paid by Accenture during the fiscal
    year indicated for professional services rendered by KPMG for
    the audit of Accenture Ltd&#146;s annual financial statements
    and review of financial statements included in Accenture&#146;s
    Forms&nbsp;10-Q.
    </FONT></TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">(2)</FONT></TD>
    <TD align="left">
    <FONT size="2">Audit Related Fees include the aggregate fees
    paid by Accenture during the fiscal year indicated for assurance
    and related services by KPMG that are reasonably related to the
    performance of the audit or review of the Accenture Ltd&#146;s
    financial statements and not included in Audit Fees, including
    review of registration statements and issuance of consents. Also
    included in Audit Related Fees are fees for internal control
    review, accounting advice and opinions related to various
    employee benefit plans.
    </FONT></TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">(3)</FONT></TD>
    <TD align="left">
    <FONT size="2">Tax Fees include the aggregate fees paid by
    Accenture during the fiscal year indicated for professional
    services rendered by the principal accountant for tax
    compliance, tax advice and tax planning.
    </FONT></TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">(4)</FONT></TD>
    <TD align="left">
    <FONT size="2">All Other Fees include the aggregate fees paid by
    Accenture during the fiscal year indicated for products and
    services provided by KPMG, other than the services reported
    above, including due diligence reviews.
    </FONT></TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<P align="left">
<B>Procedures For Audit Committee Pre-Approval of Audit and
Permissible Non-Audit Services of Independent Auditor</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to its charter, the Audit Committee of the Board is
responsible for reviewing and approving, in advance, any audit
and any permissible non-audit engagement or relationship between
Accenture and its independent auditors. KPMG&#146;s engagement
to conduct the audit of Accenture Ltd for fiscal 2003 was
approved by the Audit Committee on November&nbsp;13, 2002.
Additionally, each permissible non-audit engagement or
relationship between Accenture and KPMG entered into since
May&nbsp;2, 2003 has been reviewed and approved by the Audit
Committee. We have been advised by KPMG that substantially all
of the work done in conjunction with its audit of Accenture
Ltd&#146;s financial statements for the most recently completed
fiscal year was performed by permanent full time employees and
partners of KPMG.

<P align="left">
<B>Change in Independent Public Accountants</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
At the request of the Audit Committee,
PricewaterhouseCoopers&nbsp;LLP resigned as our independent
accountants effective as of November&nbsp;27, 2001. We did not
make this request due to concerns about the quality of
PricewaterhouseCoopers&#146; work or due to any disagreements
with PricewaterhouseCoopers. Rather, we requested
PricewaterhouseCoopers&#146; resignation due to the continued
competitive situation between our practice and
PricewaterhouseCoopers&#146; consulting practice, which was not
eliminated as we had expected. We engaged KPMG&nbsp;LLP as our
independent auditors effective as of November&nbsp;27, 2001.
KPMG&nbsp;LLP has served as our auditors since that time, and
was appointed by our shareholders as our independent auditors
until the 2004 Annual General Meeting of Shareholders.

<P align="center"><FONT size="2">18
</FONT>

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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The reports of PricewaterhouseCoopers on the financial
statements for the fiscal years ended August&nbsp;31, 2001 and
August&nbsp;31, 2000 did not contain any adverse opinion or
disclaimer of opinion and were not qualified or modified as to
uncertainty, audit scope or accounting principles.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In connection with the audits referred to above and through
PricewaterhouseCoopers&#146; resignation, there were
no:&nbsp;(1)&nbsp;disagreements between Accenture and
PricewaterhouseCoopers on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or
procedure which disagreements, if not resolved to the
satisfaction of PricewaterhouseCoopers, would have caused them
to make reference to the subject matter of the disagreement or
disagreements in their report on the financial statements for
that fiscal year; or (2)&nbsp;reportable events involving
PricewaterhouseCoopers that would have required disclosure under
Item&nbsp;304(a)(1)(v) of Regulation&nbsp;S-K.

<P align="center"><FONT size="2">19
</FONT>

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<!-- link1 "COMPENSATION OF EXECUTIVE OFFICERS AND DIRECTORS" -->
<DIV align="left"><A NAME="004"></A></DIV>

<P align="center">
<B>COMPENSATION OF EXECUTIVE OFFICERS AND DIRECTORS</B>

<P align="left">
<B>Report of the Compensation Committee on Executive
Compensation</B>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I>Committee Responsibilities and Meetings</I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Compensation Committee of the Board: (i)&nbsp;sets the
compensation of the Company&#146;s executive officers;
(ii)&nbsp;oversees the Company&#146;s Employee Share Purchase
Plan (&#147;ESPP&#148;) and Share Incentive Plan
(&#147;SIP&#148;); and (iii)&nbsp;reviews and makes
recommendations to the Board regarding Board compensation. A
complete description of the Committee&#146;s function may be
found in its charter, a copy of which, as revised and approved
by the Board in 2003, may be accessed through the
&#147;Corporate Governance&#148; section of our website
(www.accenture.com).

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
During fiscal 2003, the Committee was comprised of Sir Mark
Moody-Stuart, Ms.&nbsp;Dublon and Mr.&nbsp;Green. The Board has
concluded that Sir Mark and Ms.&nbsp;Dublon each is
&#147;independent&#148; in accordance with the Company&#146;s
internal standards and those promulgated by the New&nbsp;York
Stock Exchange. Mr.&nbsp;Green is an executive officer of the
Company.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In November 2003, the Board realigned all of its committee
assignments and in connection with such realignment,
Mr.&nbsp;Hightower replaced Mr.&nbsp;Green as a member of the
Committee. Applying the standards referenced above, the Board
has determined that Mr.&nbsp;Hightower is
&#147;independent.&#148; The Committee is delighted to add his
skills and experience to those of the other members and extends
its thanks and appreciation to Mr.&nbsp;Green for his
outstanding service.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Committee met six times during fiscal 2003. At these
meetings, the Committee:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    (i)&nbsp;conducted a thorough review of, and subsequently
    revised, its charter;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    (ii)&nbsp;held numerous discussions regarding a revised
    compensation model for all partners and subsequently recommended
    the adoption of the revised model to the entire Board;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    (iii)&nbsp;discussed and approved the participation by Company
    affiliates in the Company&#146;s ESPP;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    (iv)&nbsp;discussed and approved awards under the
    Company&#146;s&nbsp;SIP;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    (v)&nbsp;reviewed Board compensation and approved the payment of
    additional compensation to members of the Company&#146;s audit
    committee and recommended that the Board adopt a guideline that
    each member of the Board hold Accenture Ltd shares, restricted
    share units and/or options having a minimum value of
    $150,000;&nbsp;and</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    (vi)&nbsp;commissioned and received an external survey of peer
    group senior executive compensation (including compensation of
    the CEO and other executive officers).</TD>
</TR>

</TABLE>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I>Compensation Philosophy</I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Given the Company&#146;s origins as a series of related
partnerships, the Company&#146;s compensation philosophy for
partners (including the CEO and the other executive officers)
previously was based on a system of partner &#147;units.&#148;
While this model focused on current recognition and reward for
those partners who made the greatest relative contribution to
the Company&#146;s performance, it embodied a &#147;lock
step&#148; approach to compensation that tended to benefit those
partners with the longest tenure with the Company. Under this
model, a partner&#146;s compensation was entirely determined on
the basis of &#147;units&#148; and paid in cash. The model did
not provide long-term incentives and had, as its only source of
variable or bonus compensation, the potential for the accrual
and payment of variable compensation if the Company achieved the
performance levels described in its management plan. Each
partner was eligible for an adjustment to his/her compensation,
achieved by way of &#147;unit&#148; adjustments, every other
year. Although

<P align="center"><FONT size="2">20
</FONT>

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<DIV align="left">
the historical system was retained in connection with the
transition to our corporate structure in 2001, our partners took
a reduction in compensation of up to 50% and agreed to give up
substantial benefits upon retirement that were provided in the
partnership structure. The compensation of the Company&#146;s
executive officers and all other partners during fiscal 2003 was
premised on this model.
</DIV>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I>Executive Compensation for Fiscal 2003</I></B></TD>
</TR>

</TABLE>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="7%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I>Fixed Compensation</I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
As is in prior years, in fiscal 2003, a partners&#146; income
committee consisting of the CEO and more than fifty partners
appointed by him (the &#147;PIC&#148;) reviewed evaluations and
recommendations concerning the performance of partners on a
bi-annual basis to confirm the recommendation for each
partner&#146;s relative level of compensation or unit
allocation. This determination was approved by the partners and
served as a recommendation to the Committee with respect to the
unit allocation among our executive officers and was binding
with respect to the unit allocation among all other partners.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The average aggregate number of units outstanding during fiscal
2003 was 796,400&nbsp;units, with each unit having a value of
$1,320. This value was set at the beginning of the fiscal year
taking into consideration management&#146;s assessment of the
business outlook and market conditions for fiscal 2003.

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="7%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I>Variable Compensation</I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Partners received a portion of their fiscal 2003 compensation as
variable compensation. At the beginning of the fiscal 2003,
management established performance targets which, if met or
exceeded each quarter, would result in the accrual of variable
compensation. Variable compensation is paid out over four
quarters in arrears with 25% of the accrued balance paid out
each quarter. Amounts accrued are subject to change to
accommodate adjustments resulting from below plan performance in
future fiscal quarters. After taking these and certain other
adjustments (which amounted to approximately $44.61&nbsp;per
unit) into account, the total amount of variable compensation
payable to partners for fiscal 2003 was $11&nbsp;million, or
approximately $14.30&nbsp;per unit. Of this amount,
$5.21&nbsp;per unit was paid to partners in fiscal 2003 and
$9.09&nbsp;per unit was paid in early fiscal 2004.

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="7%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I>Equity Compensation</I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In fiscal 2003, the Company&#146;s partners, including its
executive officers, were eligible to receive grants of equity
under the Company&#146;s SIP. Management recommended, however,
that no such awards be made, since Company performance did not
warrant the issuance of these awards.

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="7%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I>Employee Share Purchase Plan</I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
During a portion of fiscal 2003, the Company&#146;s partners,
including its executive officers, were permitted to participate
in the Company&#146;s ESPP on the same terms and conditions as
all other Accenture employees.

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B>Compensation of the Chief Executive Officer for Fiscal
    2003</B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In fiscal 2003, Mr.&nbsp;Forehand&#146;s unit allocation was
1,600&nbsp;units. This allocation reflects the scope and impact
of his role, with particular consideration of his ability to
articulate and implement the Company&#146;s strategy in a manner
which achieves shareholder value over time. The &#147;unit&#148;
based partner compensation model in effect in fiscal 2003 did
not lend itself to meaningful comparisons against the chief
executive officers of many of the Company&#146;s competitors.
However, the Committee reviewed and approved
Mr.&nbsp;Forehand&#146;s unit allocation after consideration of
an independently prepared analysis of

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</FONT>
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<DIV align="left">
chief executive officer compensation. He received no
compensation or other benefit beyond that which was available to
all other partners.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Mr.&nbsp;Forehand was eligible for an increased unit allocation
in fiscal 2003 but he elected not to accept any such increase.

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I>Changes to Executive Compensation System during Fiscal
    2004</I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In October 2003, following a lengthy design process (which
included consultation with independent compensation experts and
peer group analysis) and significant consultation with the
partners, the Company&#146;s partners voted to recommend to the
Board that it approve changes to the Company&#146;s partner
compensation model (including compensation for its executive
officers). In November 2003, the Committee reviewed and
recommended to the Board that it accept the partners&#146;
recommendation, and the Board approved the changes.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The new model went into effect as of December&nbsp;1, 2003 and
reflects changes from the Company&#146;s historical approach to
partner compensation. It is designed to (i)&nbsp;further enhance
the Company&#146;s strong &#147;owner-operator&#148; culture;
(ii)&nbsp;more closely align the interest of the Company&#146;s
partners and shareholders; and (iii)&nbsp;provide an environment
best suited to attracting and retaining executives key to the
Company&#146;s continued success. In addition, the model permits
the Company to more demonstrably reward those individuals
exhibiting exemplary teaming, leadership, value creation,
business operations and people development skills and to better
differentiate its top performers, giving them superior rewards
for superior contributions to the success of the Company.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The new model substantially increases the variable components of
partner compensation by making total compensation much more
dependent upon a partner&#146;s individual performance, not just
the Company&#146;s performance. The new model attempts to
achieve this result primarily through changes made to the prior
partner &#147;unit&#148; model that add a degree of variability
to the number of units a partner holds from time to time, based
on the partner&#146;s individual performance. As such, under the
new model, a more significant portion of a partner&#146;s total
compensation is at risk.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Similar to the partner compensation model of prior years, the
foundation of the new model is &#147;units.&#148; Under the new
model, a partner&#146;s annual compensation is comprised of
(i)&nbsp;base compensation paid in cash and determined by the
number of &#147;base units&#148; associated with the
partner&#146;s level of responsibility (&#147;LoR&#148;) and the
value per unit established by management; (ii)&nbsp;bonus
compensation (i.e., individual performance), paid in cash
(except as described below for executive officers) and
determined by the number of &#147;performance units&#148;
(determined annually based on the individual partner&#146;s
performance over the previous two fiscal year period) and the
value per unit established by management; (iii)&nbsp;variable
compensation payable to all partners which accrues quarterly and
is paid in cash over four quarters in arrears, so long as the
Company continues to meet annually defined objectives;
(iv)&nbsp;variable compensation payable to all partners and paid
in cash annually if the Company&#146;s share price performance
(and other measures) exceed predefined targets based on an
analysis of a peer group of companies; and (v)&nbsp;additional
variable compensation paid in the form of equity grants to top
performing partners if the Company meets annually defined
objectives. In addition, partners participating in the
Company&#146;s Voluntary Equity Investment Program may acquire
equity at a discounted price and enjoy compensatory like
benefits by virtue of such participation. All equity components
of the new model are awarded under the provisions of the
Company&#146;s SIP or ESPP. These plans were previously approved
by the Company&#146;s shareholders prior to its initial public
offering. The specifics of each of these elements of
compensation are discussed below.

<P align="center"><FONT size="2">22
</FONT>

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<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="7%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I>Base Units</I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Company&#146;s partners, including the CEO and other
executive officers, receive annual fixed cash compensation based
on the number of &#147;base units&#148; associated with the
partner&#146;s LoR. The LoR for each partner was established by
management recommendations which were then reviewed and approved
by the PIC. The number of base units allocated to a partner
(based on that partner&#146;s LoR) remains fixed unless and
until there is change in the partner&#146;s LoR.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The total number of &#147;base units&#148; outstanding as of
December&nbsp;1, 2003 was&nbsp;541,990. The total number of base
units allocated to individual partners ranges from 130 at the
lowest LoR level to 675 at the highest LoR level. The
&#147;value&#148; of a base unit and a performance unit
(discussed below) are identical and in each case is established
by management yearly taking into consideration management&#146;s
assessment of the business outlook and market conditions for the
twelve-month period beginning each December&nbsp;1.

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="7%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I>Performance Units</I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Partners may also receive an annual award of &#147;performance
units.&#148; While it is anticipated that most partners will be
awarded performance units, a grant of such units is not
guaranteed and is based on the partner&#146;s job performance
and LoR over the prior two year period. The number of any such
units awarded to a partner is within a predetermined range,
taking into consideration the partner&#146;s LoR and job
performance. All recommendations of performance unit awards are
made by management, subject to review and approval by the PIC.
For the twelve-month period commencing December&nbsp;1, 2003,
187,535 performance units were awarded, with such awards ranging
from 20&nbsp;to 925&nbsp;units. Partners with a LoR at all but
the highest LoR levels who were awarded performance units will
receive additional cash compensation for each such unit awarded.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The number of performance units awarded to the CEO and other
executive officers is determined based on the recommendation of
the PIC and by the Committee&#146;s assessment of how well each
individual meets his or her annual objectives. Partners at these
highest LoR levels who are awarded performance units receive a
combination of additional cash and equity awards based on the
number of performance units awarded to them. Such partners will
receive cash equal to 50% or 75% of the total amount payable in
connection with their performance units, and equity in the form
of restricted share units for the remaining 25% or 50% of this
total amount. The number of restricted share units is determined
by dividing the cash value of the 25% or 50% amount to be
compensated in restricted share units by an amount equal to 80%
of the fair market value of Accenture Ltd Class&nbsp;A shares on
the day of the award.

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="7%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I>Quarterly Variable Compensation</I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
As in prior years, management has established quarterly
performance objectives which, if met or exceeded, will result in
the accrual of variable compensation payable to all partners. As
was the case in prior years, any such accrual is subject to
change if performance in future quarters falls below planned
objectives. Also, similar to prior years, quarterly variable
compensation is to be paid to all partners over four quarters in
arrears so long as the Company meets annually defined
objectives. The amount accrued and paid to each partner is based
on the variable compensation established per unit and the number
of base units and current year performance units a partner then
has.

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="7%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I>Annual Variable Compensation</I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Subject to the approval of the Committee, an additional payment
may be paid to all partners, including the CEO and other
executive officers, if the Company&#146;s year end performance
exceeds that of a

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<DIV align="left">
peer group of companies. The aggregate amount of any such
payment and the basis upon which it is paid is determined by the
Committee.
</DIV>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="7%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I>Equity Based Bonuses for Individual Partners</I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In fiscal 2004, if the Company exceeds defined performance
objectives, management may propose to the Committee that equity
awards (in the form of restricted share units or options) be
granted to those partners, including executive officers, whom
management has determined have made the most significant
contribution to the Company&#146;s performance.

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="7%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I>Voluntary Equity Investment Plan</I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The new partner compensation model introduces (as a replacement
for partner participation in the ESPP) the Voluntary Equity
Investment Plan (&#147;VEIP&#148;), a means through which
partners (including executive officers) in most countries,
subject to an overall cap, may acquire restricted share units or
options at a 20% discount. VEIP equity awards are issued under
the Company&#146;s SIP. Each participating partner (the election
to participate is made annually) may defer up to 30% of his or
her monthly pre-tax cash compensation to acquire the equity.
Equity purchases under the VEIP will be made on a monthly basis
using funds accrued in the prior month. Partners electing to
purchase options will be issued two options for each restricted
share unit which otherwise could have been purchased with
accrued funds. The additional options or restricted share units
received as a result of the discount are subject to a vesting
schedule.

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I>Deductibility of Executive Compensation</I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Section&nbsp;162(m) of the Internal Revenue Code of 1986 (the
&#147;Code&#148;) places a limit on the tax deduction for
compensation in excess of $1&nbsp;million paid to certain United
States &#147;covered employees&#148; of a publicly held
corporation (generally the corporation&#146;s chief executive
officer and its next four most highly compensated executive
officers in the year that the compensation is paid). Given the
Company&#146;s current structure, Accenture LLP, the entity in
the United States which employs the relevant &#147;covered
employees&#148; is not subject to the tax deduction limitations
of Section&nbsp;162(m).
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="40%"></TD>
    <TD width="60%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    THE COMPENSATION COMMITTEE</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    Sir Mark Moody-Stuart, Chair</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    Dina Dublon</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    William D. Green*</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    Dennis F. Hightower**</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="40%"></TD>
    <TD width="2%"></TD>
    <TD width="58%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">&nbsp;*&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Committee member during fiscal 2003 and through
    11/13/03
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">**&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Committee member since 11/13/03
    </FONT></TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">24
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<P align="left">
<B>Summary Compensation Table</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The following table sets forth, for fiscal 2003, fiscal 2002 and
fiscal 2001, the compensation for such periods for our chief
executive officer and for each of our four most highly
compensated executive officers, other than the chief executive
officer, serving as executive officers at the end of fiscal
2003. These five persons are referred to, collectively, as the
&#147;Named Executive Officers.&#148;

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="3%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="29%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Restricted</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Securities</FONT></B></TD>
    <TD></TD>
    <TD colspan="3"></TD>
</TR>

<TR>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Other Annual</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Share Unit</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Underlying</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">All Other</FONT></B></TD>
</TR>

<TR>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Salary(1)</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Bonus</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Compensation</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Award(s)</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Options</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Compensation</FONT></B></TD>
</TR>

<TR>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Year</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">($)</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">($)</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">($)</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">($)</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">(#)</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">($)</FONT></B></TD>
</TR>

<TR>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
</TR>

<TR>
    <TD colspan="3" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="1">Joe W. Forehand
    </FONT></DIV>
    </TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">2003</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">2,112,000</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">94,240</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="1">Chief Executive Officer and
    </FONT></DIV>
    </TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">2002</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">2,112,000</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">40,624</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="1">Chairman of the Board of Directors
    </FONT></DIV>
    </TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">2001</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">5,294,095</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="3" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="1">Stephan A. James
    </FONT></DIV>
    </TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">2003</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">1,782,000</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">79,515</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="1">Chief Operating Officer&#151;
    </FONT></DIV>
    </TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">2002</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">1,782,000</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">34,277</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="1">Capabilities and Director
    </FONT></DIV>
    </TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">2001</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">4,476,101</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="3" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="1">Jackson L. Wilson, Jr.
    </FONT></DIV>
    </TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">2003</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">1,716,000</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">81,777</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="1">Chief Executive&#151;
    </FONT></DIV>
    </TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">2002</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">1,848,000</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">35,546</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="1">Business Process Outsourcing
    </FONT></DIV>
    </TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">2001</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">4,395,697</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="3" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="1">Michael G. McGrath
    </FONT></DIV>
    </TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">2003</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">1,716,000</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">76,570</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="1">Chief Risk Officer
    </FONT></DIV>
    </TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">2002</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">1,716,000</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">33,007</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="3"><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">2001</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">4,309,092</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="3" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="1">William D. Green
    </FONT></DIV>
    </TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">2003</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">1,518,000</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">67,735</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="1">Chief Operating Officer&#151;
    </FONT></DIV>
    </TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">2002</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">1,518,000</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">29,199</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="1">Client Services
    </FONT></DIV>
    </TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">2001</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">3,317,096</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

</TABLE>
</CENTER>

<P align="left">
<HR size="1" width="15%" align="left" noshade>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD><FONT size="2">(1)</FONT></TD>
    <TD align="left">
    <FONT size="2">Amounts in the table with respect to periods
    prior to the consummation of Accenture&#146;s transition to a
    corporate structure on May&nbsp;31, 2001 consist of
    distributions of partnership income, including realized gains on
    investments and return on capital at risk. These amounts are not
    comparable to executive compensation in the customary sense.
    With respect to the period subsequent to May&nbsp;31, 2001,
    amounts in this table reflect the salary actually paid to the
    Named Executive Officers.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">
<B>Compensation Committee Interlocks and Insider
Participation</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
For fiscal 2003, our partners&#146; compensation, including the
compensation of our executive officers, was determined based on
the &#147;unit&#148; level of the individual partner. At the
beginning of fiscal 2003, the PIC, consisting of our chief
executive officer and 59&nbsp;partners he appointed, reviewed
evaluations and recommendations concerning the performance of
partners and determined relative levels of compensation, or unit
allocation. Based on its review, the committee prepared a
partners&#146; income plan for fiscal 2003, which was submitted
to the partners for their approval. Following approval, the plan
was submitted to the Compensation Committee as a recommendation
with respect to the unit allocation of the chief executive
officer and our other principal executive officers.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
As part of Accenture&#146;s budgeting process, the Board
approves budgeted amounts for Accenture&#146;s results and cash
compensation to the partners, with each partner receiving his or
her compensation based on his or her unit allocation. We pay a
portion of the total budgeted compensation to partners as a
fixed component of compensation and may pay the remainder of the
budgeted amount, or more, as a bonus based on actual operating
results compared to budgeted amounts. See the Report of the
Compensation Committee on Executive Compensation, starting on
page&nbsp;20.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Sir Mark Moody-Stuart, Mr.&nbsp;Green and Ms.&nbsp;Dublon served
as members of the compensation committee in fiscal 2003.
Mr.&nbsp;Green is an executive officer. For additional
information regarding a previous, but no longer outstanding,
advance made by Accenture to Mr.&nbsp;Green, see &#147;Certain
Transactions and Relationships&#151; Advances to Partners,&#148;
included in this proxy statement as Annex&nbsp;A.

<P align="center"><FONT size="2">25
</FONT>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<P align="left">
<B>Compensation of Outside Directors</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
No director who is an Accenture employee receives additional
compensation for serving as a director. Except as noted below,
each director who is not an employee of Accenture Ltd or its
subsidiaries receives an annual retainer of $50,000, which may
be deferred in whole or in part, through the receipt of
fully-vested restricted share units, an initial grant of an
option to purchase 25,000 Class&nbsp;A common shares upon
appointment to the Board and an annual grant of an option to
purchase 10,000 Class&nbsp;A common shares. Each grant of
options vests fully after one year (or sooner upon death,
disability or involuntary termination, or removal from the
Board) and generally expires after 10&nbsp;years. Sir Mark
Moody-Stuart has received an additional annual retainer of
$125,000 for his service as Lead Outside Director. Steven A.
Ballmer has elected not to receive any compensation for his
service as a director.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In addition, each member of our Audit Committee receives
additional cash compensation of $5,000 each year for his or her
service on the Audit Committee, while the chair of the Audit
Committee receives additional cash compensation each year of
$10,000. These amounts also may be deferred in whole or in part,
through the receipt of fully-vested restricted share units.

<P align="left">
<B>Employment Contracts</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Each of our five most highly compensated Named Executive
Officers (including our Chief Executive Officer) has entered
into an annual employment agreement which is renewed
automatically each year. The employment agreements, which are
standard employment contracts for Accenture partners, provide
that these executive officers will receive compensation as
determined by Accenture. Pursuant to the employment agreements,
each of the executive officers has also entered into a
non-competition agreement whereby each has agreed that, for a
specified period, he or she will not (1)&nbsp;associate with and
engage in competing services for any competitive enterprise or
(2)&nbsp;solicit or assist any other entity in soliciting any of
our existing clients or prospective clients for the purposes of
providing competing services, perform competing services for any
such client, or interfere with or damage any relationship
between us and any such client. In addition, each of these
executive officers has agreed that for the restricted period he
or she will not solicit or employ any Accenture employee or any
former employee who ceased working for us within an
eighteen-month period before or after the date on which the
executive officer&#146;s employment with us or our affiliates
terminated.

<!-- link1 "SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE" -->
<DIV align="left"><A NAME="005"></A></DIV>

<P align="center">
<B>SECTION&nbsp;16(a) BENEFICIAL OWNERSHIP REPORTING
COMPLIANCE</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Under the federal securities laws, our directors, executive
officers and 10% shareholders are required within a prescribed
period of time to report to the SEC transactions and holdings in
Accenture Ltd Class&nbsp;A common shares and Class&nbsp;X common
shares. Our directors and executive officers are also required
to report transactions and holdings in Accenture SCA
Class&nbsp;I common shares. Based solely on a review of the
copies of such forms received by us and on written
representations from certain reporting persons that no annual
corrective filings were required for those persons, we believe
that during fiscal 2003 all these filing requirements were
timely satisfied.

<P align="center"><FONT size="2">26
</FONT>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<P align="center">
<B>PERFORMANCE GRAPH</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The performance graph below shows the cumulative total
shareholder return on the Class&nbsp;A common shares for the
period starting on July&nbsp;19, 2001, which was the initial
trading date of the Class&nbsp;A common shares, to
August&nbsp;31, 2003, which was the end of fiscal 2003. This is
compared with the cumulative total returns over the same period
of the S&#38;P&nbsp;500 Index and a peer group index consisting
of Cap Gemini&nbsp;SA, Computer Sciences Corporation, Electronic
Data Systems Corporation, Hewlett-Packard Company, International
Business Machines Corporation and BearingPoint, Inc. The graph
assumes that on July&nbsp;19, 2001, $100 was invested in our
Class&nbsp;A common shares and $100 was invested in each of the
other two indices, with dividends reinvested on the date of
payment without payment of any commissions. The performance
shown in the graph represents past performance and should not be
considered an indication of future performance.

<P align="center">
Comparison of Cumulative Total Return

<P align="center">
<FONT size="2">July&nbsp;19, 2001 to August&nbsp;30, 2003
</FONT>

<DIV align="center">
<FONT size="2">Accenture vs. S&#38;P 500 Stock Index and Peer
Group Index
</FONT>
</DIV>

<P align="center">
<IMG src="c81479dc8147929.gif" alt="(PERFORMANCE GRAPH)">

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="17%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="41"></TD>
</TR>

<TR>
    <TD colspan="41" align="center" nowrap><HR size="1" noshade></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">7/19/01</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">8/31/01</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">11/30/01</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">2/28/02</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">5/31/02</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">8/30/02</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">11/29/02</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">2/28/03</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">5/30,03</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">8/31/03</FONT></B></TD>
</TR>

<TR>
    <TD colspan="41"></TD>
</TR>

<TR>
    <TD colspan="41" align="center" nowrap><HR size="1" noshade></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">&nbsp;Accenture
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">100.000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">98.200</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">149.000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">172.600</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">137.400</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">108.400</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">126.900</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">101.100</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">115.500</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">139.500</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">&nbsp;Peer Group
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">100.000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">93.600</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">103.700</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">90.800</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">78.200</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">66.200</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">75.400</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">65.900</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">77.200</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">75.000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">&nbsp;S&#38;P 500
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">100.000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">93.300</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">93.800</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">91.100</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">87.800</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">75.400</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">77.100</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">69.200</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">79.300</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">83.000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

</TABLE>
</CENTER>

<DIV align="left">

</DIV>

<P align="left">
<HR size="1" width="15%" align="left" noshade>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="98%"></TD>
</TR>

<TR valign="top">
    <TD><FONT size="2">*&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">The graph is based on an initial price per share
    of $14.50 for the Class&nbsp;A common shares, which was the
    initial public offering price on July&nbsp;19, 2001. The last
    sale price on that date on the New&nbsp;York Stock Exchange was
    $15.17.
    </FONT></TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">27
</FONT>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "BENEFICIAL OWNERSHIP OF DIRECTORS AND EXECUTIVE OFFICERS" -->
<DIV align="left"><A NAME="006"></A></DIV>

<P align="center">
<B>BENEFICIAL OWNERSHIP OF DIRECTORS AND EXECUTIVE OFFICERS</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The following table sets forth, as of December&nbsp;8, 2003,
information regarding the beneficial ownership of Accenture
Ltd&#146;s Class&nbsp;A common shares and Class&nbsp;X common
shares and Accenture SCA&#146;s Class&nbsp;I common shares held
by: (1)&nbsp;each director, director nominee and Named Executive
Officer; and (2)&nbsp;all of our directors, director nominees
and executive officers as a group. To our knowledge, except as
otherwise indicated, each person listed below has sole voting
and investment power with respect to the shares beneficially
owned by him or her. For purposes of the table below,
&#147;beneficial ownership&#148; is determined in accordance
with Rule&nbsp;13d-3 under the Securities Exchange Act of 1934,
pursuant to which a person or group of persons is deemed to have
&#147;beneficial ownership&#148; of any shares that such person
has the right to acquire within 60&nbsp;days after
December&nbsp;8, 2003. For purposes of computing the percentage
of outstanding Class&nbsp;A common shares and/or Class&nbsp;X
common shares and/or Class&nbsp;I common shares held by each
person or group of persons named below, any shares that such
person or persons has the right to acquire within 60&nbsp;days
after December&nbsp;8, 2003 are deemed to be outstanding but are
not deemed to be outstanding for the purpose of computing the
percentage ownership of any other person.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="3%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="26%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="7%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="1">&nbsp;</FONT></TD>
    <TD width="6%"><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2"></TD>
    <TD></TD>
    <TD colspan="7"></TD>
    <TD></TD>
    <TD colspan="7"></TD>
    <TD></TD>
    <TD colspan="7"></TD>
    <TD></TD>
    <TD colspan="3"></TD>
</TR>

<TR>
    <TD colspan="2"></TD>
    <TD></TD>
    <TD colspan="7" align="center" nowrap><B><FONT size="1">Accenture SCA Class&nbsp;I</FONT></B></TD>
    <TD></TD>
    <TD colspan="7" align="center" nowrap><B><FONT size="1">Accenture Ltd Class A</FONT></B></TD>
    <TD></TD>
    <TD colspan="7" align="center" nowrap><B><FONT size="1">Accenture Ltd Class X</FONT></B></TD>
    <TD></TD>
    <TD colspan="3"></TD>
</TR>

<TR>
    <TD colspan="2"></TD>
    <TD></TD>
    <TD colspan="7" align="center" nowrap><B><FONT size="1">common shares</FONT></B></TD>
    <TD></TD>
    <TD colspan="7" align="center" nowrap><B><FONT size="1">common shares</FONT></B></TD>
    <TD></TD>
    <TD colspan="7" align="center" nowrap><B><FONT size="1">common shares</FONT></B></TD>
    <TD></TD>
    <TD colspan="3"></TD>
</TR>

<TR>
    <TD colspan="2"></TD>
    <TD></TD>
    <TD colspan="7" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="7" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="7" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Percentage of</FONT></B></TD>
</TR>

<TR>
    <TD colspan="2"></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">% of</FONT></B></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">% of</FONT></B></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">% of</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">the total number of</FONT></B></TD>
</TR>

<TR>
    <TD colspan="2"></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">shares</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">shares</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">shares</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">shares</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">shares</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">shares</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Class&nbsp;A and Class&nbsp;X</FONT></B></TD>
</TR>

<TR>
    <TD colspan="2"></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">beneficially</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">beneficially</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">beneficially</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">beneficially</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">beneficially</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">beneficially</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">common shares</FONT></B></TD>
</TR>

<TR>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Name</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">owned</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">owned</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">owned</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">owned</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">owned</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">owned</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">beneficially owned</FONT></B></TD>
</TR>

<TR>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
</TR>

<TR>
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="1">Directors, director nominees and named executive
    officers:
    </FONT></DIV>
    </TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="1">Joe W. Forehand(1)(2)(3)
    </FONT></DIV>
    </TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">1,406,889</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="1">(6)</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">*</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="1">%</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">1,000</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="1">%</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">1,406,889</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">***</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="1">%</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">****</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="1">%</FONT></TD>
</TR>

<TR>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="1">Stephan A. James(1)(2)(3)
    </FONT></DIV>
    </TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">1,148,676</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="1">(7)</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">*</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">**</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">1,148,676</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">***</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">****</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="1">Steven A. Ballmer
    </FONT></DIV>
    </TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">*</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">**</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">***</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">****</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="1">Dina Dublon(4)
    </FONT></DIV>
    </TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">*</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">39,603</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">**</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">***</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">****</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="1">Karl-Heinz Fl&#246;ther(1)(2)
    </FONT></DIV>
    </TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">*</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">741,079</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">**</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">***</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">****</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="1">Joel P. Friedman(1)(2)(3)
    </FONT></DIV>
    </TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">718,930</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">*</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">**</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">718,930</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">***</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">****</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="1">William D. Green(1)(2)(3)
    </FONT></DIV>
    </TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">832,031</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">*</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">**</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">832,031</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">***</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">****</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="1">Dennis F. Hightower
    </FONT></DIV>
    </TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="1">William L. Kimsey
    </FONT></DIV>
    </TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="1">Robert I. Lipp(4)
    </FONT></DIV>
    </TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">*</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">175,372</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">**</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">***</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">****</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="1">Blythe J. McGarvie(4)
    </FONT></DIV>
    </TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">*</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">39,603</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">**</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">***</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">****</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="1">Mark Moody-Stuart(4)
    </FONT></DIV>
    </TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">*</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">41,229</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">**</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">***</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">****</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="1">Masakatsu Mori(1)(2)
    </FONT></DIV>
    </TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">*</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">692,895</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">**</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">***</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">****</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="1">Wulf von Schimmelmann(5)
    </FONT></DIV>
    </TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">*</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">35,000</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">**</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">***</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">****</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="1">Carlos Vidal(1)(2)(3)
    </FONT></DIV>
    </TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">762,707</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">*</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">2,874</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">**</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">***</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">****</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="1">Jackson L. Wilson, Jr.(1)(2)(3)
    </FONT></DIV>
    </TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">906,595</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="1">(8)</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">*</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">3,177</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">**</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">906,595</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">***</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">****</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="1">Michael G. McGrath(1)(2)(3)
    </FONT></DIV>
    </TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">823,229</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">*</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">&#151;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">**</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">823,229</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">***</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">****</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="1">All directors, director nominees and executive
    officers as a group (31&nbsp;persons)
    </FONT></DIV>
    </TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">13,618,234</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">1.5</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="1">%</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">3,740,779</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">0.7</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="1">%</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">11,382,521</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">2.7</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="1">%</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="1">1.6</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="1">%</FONT></TD>
</TR>

<TR>
    <TD colspan="2"><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left"><HR size="4" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left"><HR size="4" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left"><HR size="4" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left"><HR size="4" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left"><HR size="4" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left"><HR size="4" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left"><HR size="4" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>

</TR>

</TABLE>
</CENTER>

<DIV align="left">
<HR size="1" width="15%" align="left" noshade>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD><FONT size="2">*&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Less than 1% of Accenture SCA&#146;s Class&nbsp;I
    common shares outstanding.
    </FONT></TD>
</TR>

<TR valign="top">
    <TD><FONT size="2">**&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Less than 1% of Accenture Ltd&#146;s Class&nbsp;A
    common shares outstanding.
    </FONT></TD>
</TR>

<TR valign="top">
    <TD><FONT size="2">***&nbsp;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Less than 1% of Accenture Ltd&#146;s Class&nbsp;X
    common shares outstanding.
    </FONT></TD>
</TR>

<TR valign="top">
    <TD><FONT size="2">****&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Less than 1% of the total number of Accenture
    Ltd&#146;s Class&nbsp;A common shares and Class&nbsp;X common
    shares outstanding.
    </FONT></TD>
</TR>

<TR valign="top">
    <TD><FONT size="2">(1)&nbsp;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Address is c/o&nbsp;Accenture, 1661&nbsp;Page
    Mill Road, Palo Alto, California 94304&nbsp;USA.
    </FONT></TD>
</TR>

<TR valign="top">
    <TD><FONT size="2">(2)&nbsp;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Excludes the common shares subject to the voting
    agreement referred to below that are owned by other parties to
    the voting agreement. Each of Joe W. Forehand, Stephan A. James,
    Karl-Heinz Fl&#246;ther, Joel P. Friedman, William D. Green,
    Masakatsu Mori, Carlos Vidal, Jackson L. Wilson, Jr. and Michael
    G. McGrath is a party to the Voting Agreement. Each of these
    individuals, however, disclaims beneficial ownership of the
    common shares subject to the voting agreement other than those
    specified above for him individually. See &#147;Certain
    Transactions and Relationships&#151;Accenture Ltd Voting
    Agreement.&#148;
    </FONT></TD>
</TR>

<TR valign="top">
    <TD><FONT size="2">(3)&nbsp;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Subject to contractual transfer restrictions,
    Accenture SCA is obligated, at the option of the holder of its
    shares and at any time, to redeem any outstanding Accenture SCA
    Class&nbsp;I common shares held by the holder. The redemption
    price per share generally is equal to the market price of an
    Accenture Ltd Class&nbsp;A common share at the time of the
    redemption. Accenture SCA has the option to pay this redemption
    price with cash or by delivering Accenture Ltd Class&nbsp;A
    common shares on a one-for-one basis. Each time an Accenture SCA
    Class&nbsp;I common share is redeemed from a holder, Accenture
    Ltd has the option, and intends to, redeem an Accenture Ltd
    Class&nbsp;X common share from that holder, for a redemption
    price equal to the par value of the Accenture Ltd Class&nbsp;X
    common share, or&nbsp;$.0000225.
    </FONT></TD>
</TR>

<TR valign="top">
    <TD><FONT size="2">(4)&nbsp;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Includes 35,000 Accenture Ltd Class&nbsp;A common
    shares that could be acquired through the exercise of share
    options within 60&nbsp;days from December&nbsp;8, 2003.
    </FONT></TD>
</TR>

<TR valign="top">
    <TD><FONT size="2">(5)&nbsp;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Consists of 35,000 Accenture Ltd Class&nbsp;A
    common shares that could be acquired through the exercise of
    share options within 60&nbsp;days from December&nbsp;8, 2003.
    </FONT></TD>
</TR>

<TR valign="top">
    <TD><FONT size="2">(6)&nbsp;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Includes 200,000 Accenture SCA Class&nbsp;I
    common shares held by a limited partnership in which
    Mr.&nbsp;Forehand has a beneficial interest that were
    transferred in accordance with our Family and Charitable
    Transfer Program.
    </FONT></TD>
</TR>

<TR valign="top">
    <TD><FONT size="2">(7)&nbsp;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Includes 225,000 Accenture SCA Class&nbsp;I
    common shares held by a limited partnership in which
    Mr.&nbsp;James has a beneficial interest that were transferred
    in accordance with our Family and Charitable Transfer Program.
    </FONT></TD>
</TR>

<TR valign="top">
    <TD><FONT size="2">(8)&nbsp;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Includes 296,766 Accenture SCA Class&nbsp;I
    common shares held by a grantor retained annuity trust in which
    Mr.&nbsp;Wilson has a beneficial interest that were transferred
    in accordance with our Family and Charitable Transfer Program.
    </FONT></TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">28
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "BENEFICIAL OWNERS OF MORE THAN FIVE PERCENT OF ANY CLASS OF VOTING SECURITIES" -->
<DIV align="left"><A NAME="007"></A></DIV>

<P align="center">
<B>BENEFICIAL OWNERS OF MORE THAN FIVE PERCENT</B>

<DIV align="center">
<B>OF ANY CLASS OF VOTING SECURITIES</B>
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The following table sets forth information as of
December&nbsp;8, 2003 about persons whom we know to be
beneficial owners of more than 5% of the issued and outstanding
Class&nbsp;A common shares or Class&nbsp;X common shares. For
purposes of the table below, &#147;beneficial ownership&#148; is
determined in accordance with Rule&nbsp;13d-3 under the
Securities Exchange Act of 1934, pursuant to which a person or
group of persons is deemed to have &#147;beneficial
ownership&#148; of any shares that such person has the right to
acquire within 60&nbsp;days after December&nbsp;8, 2003. For
purposes of computing the percentage of outstanding Class&nbsp;A
common shares and/or Class&nbsp;X common shares held by each
person or group of persons named below, any shares that such
person or persons has the right to acquire within 60&nbsp;days
after December&nbsp;8, 2003 are deemed to be outstanding but are
not deemed to be outstanding for the purpose of computing the
percentage ownership of any other person.

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="29%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="8%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="8%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2"></TD>
    <TD></TD>
    <TD colspan="7"></TD>
    <TD></TD>
    <TD colspan="7"></TD>
    <TD></TD>
    <TD colspan="3"></TD>
</TR>

<TR>
    <TD colspan="2"></TD>
    <TD></TD>
    <TD colspan="7" align="center" nowrap><B><FONT size="1">Accenture Ltd Class A</FONT></B></TD>
    <TD></TD>
    <TD colspan="7" align="center" nowrap><B><FONT size="1">Accenture Ltd Class X</FONT></B></TD>
    <TD></TD>
    <TD colspan="3"></TD>
</TR>

<TR>
    <TD colspan="2"></TD>
    <TD></TD>
    <TD colspan="7" align="center" nowrap><B><FONT size="1">common shares</FONT></B></TD>
    <TD></TD>
    <TD colspan="7" align="center" nowrap><B><FONT size="1">common shares</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Percentage of</FONT></B></TD>
</TR>

<TR>
    <TD colspan="2"></TD>
    <TD></TD>
    <TD colspan="7" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="7" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">the total number of</FONT></B></TD>
</TR>

<TR>
    <TD colspan="2"></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">shares</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">% of shares</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Shares</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">% of shares</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Class&nbsp;A and Class&nbsp;X</FONT></B></TD>
</TR>

<TR>
    <TD colspan="2"></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">beneficially</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">beneficially</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">beneficially</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">beneficially</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">common shares</FONT></B></TD>
</TR>

<TR>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Name and Address of Beneficial Owner</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">owned</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">owned</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">owned</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">owned</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">beneficially owned</FONT></B></TD>
</TR>

<TR>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
</TR>

<TR>
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Parties to the voting provisions of the Voting
    Agreement
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">c/o&nbsp;Accenture Ltd
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Canon&#146;s Court, 22&nbsp;Victoria Street
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Hamilton HM12, Bermuda(1)
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">120,485,656</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">23.6</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">237,290,396</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">55.3</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">38.1%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Stichting Naritaweg&nbsp;I
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Naritaweg 155
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">1043 BW Amsterdam
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">The Netherlands
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#151;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#151;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">26,032,431</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">6.1</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">2.8%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Stichting Naritaweg&nbsp;II
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Naritaweg 155
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">1043 BW Amsterdam
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">The Netherlands
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#151;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#151;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">29,670,595</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">6.9</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">3.2%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Wellington Management Co. LLP
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">75 State Street
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Boston, Massachusetts 02109
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">34,845,866</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">6.8</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#151;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#151;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">3.7%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

</TABLE>
</CENTER>

<P align="left">
<HR size="1" width="15%" align="left" noshade>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD><FONT size="2">(1)</FONT></TD>
    <TD align="left">
    <FONT size="2">Each party to the Voting Agreement disclaims
    beneficial ownership of the shares subject to the Voting
    Agreement owned by any other party to the agreement. See
    &#147;Certain Transactions (1)&nbsp;and
    Relationships&#151;Accenture Ltd Voting Agreement.&#148;
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;
Two Dutch foundations, Stichting Naritaweg&nbsp;I and Stichting
Naritaweg&nbsp;II, hold Accenture Ltd Class&nbsp;X common shares
that would otherwise have been held by some of our partners.
These foundations&#146; shares will be voted in any vote of
Accenture Ltd shareholders in accordance with the preliminary
vote taken by our partners, although the foundations will not
participate in the preliminary vote. See &#147;Certain
Transactions and Relationships&#151;Accenture Ltd Voting
Agreement&#148; included in this proxy statement as Annex&nbsp;A
for a discussion of the preliminary vote.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
As of December&nbsp;8, 2003, Accenture SCA, the Accenture Stock
Employee Compensation Trust and certain affiliates of Accenture
SCA and Accenture Ltd directly and indirectly beneficially owned
an aggregate of 23,853,946 Accenture Ltd Class&nbsp;A common
shares, or 4.5% of the outstanding Class&nbsp;A common shares.
Accenture SCA, these affiliates and the Accenture Stock Employee
Compensation Trust expect to exercise their power to vote or
direct the vote of the Class&nbsp;A common shares beneficially
owned by them in a manner that will have no impact on the
outcome of any vote of the shareholders of Accenture Ltd.

<P align="center"><FONT size="2">29
</FONT>

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<!-- link1 "CERTAIN TRANSACTIONS AND RELATIONSHIPS" -->
<DIV align="left"><A NAME="008"></A></DIV>

<P align="center">
<B>CERTAIN TRANSACTIONS AND RELATIONSHIPS</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Please refer to Annex&nbsp;A for a description of certain
transactions that have occurred during our last fiscal year and
certain relationships, which Annex&nbsp;A is hereby incorporated
by reference.

<!-- link1 "SUBMISSION OF FUTURE SHAREHOLDER PROPOSALS" -->
<DIV align="left"><A NAME="009"></A></DIV>

<P align="center">
<B>SUBMISSION OF FUTURE SHAREHOLDER PROPOSALS</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Bermuda law provides that shareholders who collectively hold at
least 5% of the total voting rights of the outstanding
Class&nbsp;A common shares and Class&nbsp;X common shares, or
any group comprised of at least 100 or more registered
shareholders, may require a proposal to be submitted to an
annual general meeting of shareholders.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The 2005 Annual General Meeting of Shareholders is expected to
occur in February&nbsp;2005. Generally, under Bermuda law,
notice of a proposal must be received at least six weeks before
the date of the meeting. If you would like to submit a
shareholder proposal, please send it to our General Counsel and
Secretary at 1661&nbsp;Page Mill Road, Palo Alto, California,
94304, USA.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
If you submit a shareholder proposal and would like that
proposal to be included in our proxy statement for the
2005&nbsp;meeting in accordance with the rules established by
the SEC, then pursuant to Rule&nbsp;14a-8, your proposal must be
received by us by August&nbsp;31, 2003. In order for your
proposal to be included in the proxy statement, the proposal
must comply with the requirements established by the SEC.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In addition, if you submit a shareholder proposal that meets the
notice requirements under Bermuda law but we have not received
your proposal by November&nbsp;14, 2004, then under the
SEC&#146;s Rule&nbsp;14a-4, the proxies we receive will confer
discretionary authority to management, giving them the ability
to vote the shares covered by the proxies on your shareholder
proposal, without additional proxy statement disclosure about
the matter.

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<DIV align="left"><A NAME="010"></A></DIV>

<P align="center">
<B>INCORPORATION BY REFERENCE</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
To the extent that this proxy statement is incorporated by
reference into any other filing under the Securities Act of 1933
or the Securities Exchange Act of 1934, the sections of this
proxy statement entitled &#147;Report of the
Nominating&nbsp;&#38; Governance Committee,&#148; &#147;Report
of the Audit Committee,&#148; &#147;Report of the Compensation
Committee on Executive Compensation&#148; and &#147;Performance
Graph&#148; will not be deemed incorporated, unless specifically
provided otherwise in that other filing.

<!-- link1 "SUBMITTING YOUR PROXY BY TELEPHONE OR VIA THE INTERNET" -->
<DIV align="left"><A NAME="011"></A></DIV>

<P align="center">
<B>SUBMITTING YOUR PROXY BY TELEPHONE OR VIA THE INTERNET</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
You may submit your proxy either by mail, by telephone or via
the Internet. Please see the proxy instructions that accompany
this proxy statement for details on how to submit your proxy by
any of these methods.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
If you submit your proxy by telephone or via the Internet, then
in order for your vote to be counted, your proxy must be
received by 11:59&nbsp;p.m., Eastern Standard Time, on
February&nbsp;4, 2003 (February&nbsp;1, 2004 for Accenture
employees who are submitting proxies for shares purchased
through our employee share purchase plan and held by SSB). Even
if you submit your proxy by telephone or via the Internet, you
can still vote your shares in person if you decide to attend the
Annual Meeting.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The telephone and Internet proxy submission procedures are
designed to authenticate shareholders&#146; identities, to allow
shareholders to give their voting instructions and to confirm
that shareholders&#146; instructions have been recorded
properly. We have been advised that the Internet proxy submission

<P align="center"><FONT size="2">30
</FONT>

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<DIV align="left">
procedures that have been made available to you are consistent
with the requirements of applicable law. If you submit your
proxy via the Internet, then you should understand that there
may be costs associated with electronic access, such as usage
charges from Internet access providers and telephone companies,
which you must bear.
</DIV>

<!-- link1 "ELECTRONIC DELIVERY OF SHAREHOLDER COMMUNICATIONS" -->
<DIV align="left"><A NAME="012"></A></DIV>

<P align="center">
<B>ELECTRONIC DELIVERY OF SHAREHOLDER COMMUNICATIONS</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Our shareholder communications are available electronically. You
may elect to receive or access future copies of these materials
electronically as an alternative to receiving printed copies by
mail. By signing up for electronic delivery, you can receive
shareholder communications as soon as they are available without
waiting for them to arrive in the mail. You can also reduce the
number of bulky documents in your personal files, eliminate
duplicate mailings, conserve natural resources and help us
reduce our printing and mailing costs. If you are an employee
shareholder, then you will receive these materials
electronically but will have the right to receive printed copies
by mail. To sign up for electronic delivery, please submit your
proxy via the Internet at www.votefast.com and, when prompted,
indicate that you agree to receive or access shareholder
communications electronically in future years, or you can check
the box on your proxy card to indicate that you agree to receive
or access these communications electronically.

<!-- link1 "CONTACTING THE BOARD OR OUR LEAD OUTSIDE DIRECTOR" -->
<DIV align="left"><A NAME="013"></A></DIV>

<P align="center">
<B>CONTACTING THE BOARD OR OUR LEAD OUTSIDE DIRECTOR</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Board welcomes your questions and comments. Procedures for
contacting the Board are included in the Corporate Governance
section of our website, at <I>www.accenture.com</I>. In
addition, if you would like to communicate directly with our
outside directors as a group or with our Lead Outside Director,
or if you have a concern related to Accenture&#146;s business
ethics or conduct, financial statements, accounting practices or
internal controls, then you may submit your request for
communications or your concerns to our General Counsel and
Secretary, Accenture Ltd, 1661 Page Mill Road, Palo Alto,
California, 94304, USA. All communication requests will be
forwarded to our Lead Outside Director, and all concerns will be
forwarded as appropriate. Our Code of Business Ethics and
underlying policies prohibit any retaliation or other adverse
action against any employee for raising a concern. If you wish
to raise your concern in an anonymous manner, then you may do
so. We also have established various mechanisms for
communicating concerns or questions to our compliance office;
those with such concerns may send an e-mail to
compliance.program@accenture.com or contact the Accenture Ethics
Line by phone at 1-312-737-8262.

<P align="left">
December&nbsp;26, 2003

<P align="center"><FONT size="2">31
</FONT>

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<DIV align="right">
<B>ANNEX A</B>
</DIV>

<P align="center">
<B>CERTAIN TRANSACTIONS AND RELATIONSHIPS</B>

<P align="left">
<B>Reorganization and Related Transactions</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We completed a series of transactions during fiscal 2001 and
fiscal 2002 in order to have Accenture assume a corporate
structure. The principal reorganization transactions and related
transactions are summarized below.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    Our partners received shares in our global corporate structure
    in lieu of their interests in our local business operations. Our
    partners in Australia, Denmark, France, Italy, Norway, Spain,
    Sweden and the United States received Accenture SCA Class&nbsp;I
    common shares in lieu of their interests in our local operations
    in those countries. Our partners in Canada and New Zealand
    received Accenture Canada Holdings exchangeable shares in lieu
    of their interests in our local operations in those countries.
    Our partners elsewhere received Accenture Ltd Class&nbsp;A
    common shares in lieu of their interests in our local operations
    in the relevant countries. Most of our partners receiving
    Accenture SCA Class&nbsp;I common shares or Accenture Canada
    Holdings exchangeable shares received a corresponding number of
    Accenture Ltd Class&nbsp;X common shares.</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    In connection with our transition to a corporate structure, each
    partner&#146;s paid-in capital was returned to that partner.</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    We distributed to our partners earnings undistributed as of the
    date of the consummation of our transition to a corporate
    structure.</TD>
</TR>

</TABLE>

<P align="left">
<B>Share Management Plan</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We recognize the need to address three important objectives
related to the ownership of Accenture Ltd Class&nbsp;A common
shares: increased public float, broader ownership of the
Accenture Ltd Class&nbsp;A common shares and the orderly entry
of our shares into the market. We also recognize the needs of
our partners to diversify their portfolios and to achieve
additional liquidity over time. To balance these objectives, and
to effectively incent our current and future partners, since the
first half of fiscal 2002 we have implemented a number of
arrangements, which we refer to collectively as our &#147;Share
Management Plan,&#148; and which currently include the
components described below.

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I>Common Agreements</I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Following are descriptions of the material terms of the
Accenture Ltd common agreement and the Accenture SCA common
agreement, the forms of which have been filed as exhibits to our
Annual Report on Form&nbsp;10-K. As of December&nbsp;8, 2003,
over 3,200 of our partners and former partners, holding over
577,200,000 Accenture Ltd Class&nbsp;A common shares, Accenture
SCA Class&nbsp;I common shares and Accenture Canada Holdings
exchangeable shares, including substantially all of such shares
held by our partners and former partners and previously received
by them in connection with our transition to a corporate
structure, have executed one or both of these common agreements.

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <I>Accenture Ltd Common Agreement</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Accenture Ltd and certain of the covered persons under the
voting agreement described below under &#147;&#151;Accenture Ltd
Voting Agreement&#148; have entered into a common agreement, and
each other person who becomes a partner in the future will be
required to enter into the common agreement, under which

<P align="center"><FONT size="2">A-1
</FONT>

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<DIV align="left">
each such covered person agrees not to transfer any of his or
her covered shares under the voting agreement until
July&nbsp;24, 2005, except:
</DIV>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    to participate as a seller in underwritten public offerings,
    share purchases, sales or redemptions or other transactions, in
    each case as approved in writing by Accenture Ltd; and/or</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    to estate and/or tax planning vehicles, family members and
    charitable organizations that agree to become bound by transfer
    restrictions substantially similar to the terms of the common
    agreement and those described under &#147;&#151;Accenture Ltd
    Voting Agreement&#151; Transfer Restrictions&#148; below, in
    each case as approved in writing by Accenture Ltd as further
    described below under &#147;&#151;Family and Charitable Transfer
    Program.&#148;</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
These limitations are not affected by a covered person&#146;s
retirement status but do terminate upon the death of the covered
person. Notwithstanding these limitations, a covered person may
(1)&nbsp;exchange Accenture Canada Holdings exchangeable shares
for Accenture Ltd Class&nbsp;A common shares and (2)&nbsp;pledge
his or her covered shares subject to the terms described under
&#147;&#151;Accenture Ltd Voting Agreement&#151; Transfer
Restrictions&#148; below.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Partners and former partners party to the voting agreement
continue to be subject to the voting agreement, whether or not
they enter into the Accenture Ltd Common Agreement.

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <I>Accenture SCA Common Agreement</I></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Accenture SCA and certain of the covered persons under the
transfer rights agreement described below under
&#147;&#151;Accenture SCA Transfer Rights Agreement&#148; have
entered into a common agreement under which each such covered
person agrees not to transfer any of his or her covered shares
under the transfer rights agreement until July&nbsp;24, 2005,
except:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    to participate as a seller in underwritten public offerings,
    share purchases, sales or redemptions or other transactions, in
    each case as approved in writing by Accenture SCA or Accenture
    Ltd; and/or</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    to estate and/or tax planning vehicles, family members and
    charitable organizations that agree to become bound by transfer
    restrictions substantially similar to the terms of the common
    agreement and those described under &#147;&#151;Accenture SCA
    Transfer Rights Agreement&#151; Transfer Restrictions&#148;
    below, in each case as approved in writing by Accenture SCA or
    Accenture Ltd as further described below under
    &#147;&#151;Family and Charitable Transfer Program.&#148;</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
These limitations are not affected by a covered person&#146;s
retirement status but do terminate upon death of the covered
person. Notwithstanding these limitations, (1)&nbsp;a covered
person may redeem Accenture SCA Class&nbsp;I common shares,
provided that any securities that may be received by such
covered person in respect of such redemption shall be subject to
the above-described restrictions on transfer and (2)&nbsp;at any
time after May&nbsp;31, 2004, a covered person may require
Accenture SCA to redeem his or her Class&nbsp;I common shares
for a redemption price per share generally equal to the lower of
the market price of an Accenture Ltd Class&nbsp;A common share
and $1, and (3)&nbsp;a covered person may pledge his or her
covered shares, in each case subject to the terms described
under &#147;&#151;Accenture SCA Transfer Rights Agreement&#151;
Transfer Restrictions&#148; below.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We expect that any transfers described above will be approved
under Accenture SCA&#146;s articles of association.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Partners and former partners party to the transfer rights
agreement continue to be subject to the transfer rights
agreement, whether or not they enter into the Accenture SCA
common agreement.

<P align="center"><FONT size="2">A-2
</FONT>

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<P align="left">
<B><I>Public Offerings</I></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We have facilitated, and expect to facilitate in the future,
public offerings of Accenture Ltd Class&nbsp;A common shares by
Accenture Ltd, our partners, former partners and their permitted
transferees. Unless otherwise indicated in connection with any
such offering, we use the net proceeds from any sales by
Accenture Ltd of its Class&nbsp;A common shares to purchase or
redeem, as the case may be, Accenture SCA Class&nbsp;I common
shares and Accenture Canada Holdings exchangeable shares from
our partners, former partners and their permitted transferees
holding these shares. Since our initial public offering in July
2001, we have facilitated three such offerings, as well as
related purchases and redemptions, in which our partners, former
partners and their permitted transferees have directly or
indirectly sold or redeemed, as the case may be, approximately
61&nbsp;million Accenture Ltd Class&nbsp;A common shares and
approximately 131&nbsp;million Accenture SCA Class&nbsp;I common
shares and Accenture Canada Holdings exchangeable shares to
Accenture.

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I>Family and Charitable Transfer Program</I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We have approved, and expect to approve in the future, certain
estate and/or tax planning strategies that allow the value of a
partner&#146;s shares to be transferred directly or indirectly
through tax planning vehicles which may reduce estate, gift,
wealth or income taxes of either the partner or the recipient of
the shares. We believe that these strategies have been
implemented with minimal involvement or expense by Accenture.
Partners wishing to use these family and charitable transfers
are required to work with identified local tax and legal
advisors to assure that the transfers comply with
Accenture&#146;s requirements.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We have imposed conditions on these transfers, such as requiring
that (1)&nbsp;any transferee be bound by transfer restrictions
substantially similar to the terms of the common agreements, the
voting agreement and/or the transfer rights agreement, as
applicable, (2)&nbsp;except as where expressly approved in
transactions where tax and/or estate planning purposes cannot
otherwise be achieved, sole voting power over transferred shares
be retained by partners, and (3)&nbsp;Accenture be indemnified
for any legal or tax liability arising from the use of the
family and charitable transfer. Family and charitable transfers
are only permitted to the extent that such transfers do not
impair the required collateral of shares previously pledged by
partners pursuant to the applicable non-competition agreement.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
As of December&nbsp;8, 2003 more than 16&nbsp;million Accenture
Ltd Class&nbsp;A common shares, Accenture SCA Class&nbsp;I
common shares and Accenture Canada Holdings exchangeable shares
had been transferred in accordance with this program.

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I>Quarterly Partner Share Transactions</I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Commencing in calendar year 2002, we permitted partners and
former partners who are bound by the common agreements, as well
as their permitted transferees who generally have agreed to
restrictions comparable to those in the common agreements, to
sell or redeem shares in quarterly transactions with us or third
parties at or below market prices. These quarterly transactions
have included, among others, sales of Accenture Ltd Class&nbsp;A
common shares in accordance with the manner of sale provisions
of Rule&nbsp;144 under the Securities Act by those of our
partners and former partners holding these shares, as well as
redemptions, purchases and exchanges by Accenture of Accenture
SCA Class&nbsp;I common shares and Accenture Canada Holdings
exchangeable shares from our partners and former partners
holding these shares. These redemptions, purchases and exchanges
have been at ratable levels with the sales of the Class&nbsp;A
common shares by our partners, former partners and their
permitted transferees pursuant to Rule&nbsp;144. To be eligible
for these opportunities, the transfer restrictions applicable to
such shares in the voting agreement or transfer rights agreement
(or other agreements to which permitted transferees have agreed)
must no longer be in effect.

<P align="center"><FONT size="2">A-3
</FONT>

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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
As of December&nbsp;8, 2003 through these and other
transactions, our partners and former partners and their
permitted transferees have sold approximately 10&nbsp;million
Accenture Ltd Class&nbsp;A common shares and sold or redeemed
approximately 24.5&nbsp;million Accenture SCA Class&nbsp;I
common shares and Accenture Canada Holdings exchangeable shares
to Accenture.

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I>Partner Payments</I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We have required certain of our partners, former partners and
their permitted transferees, any time they sell shares in
Accenture-approved underwritten public offerings, to pay to us
an amount equal to 3% of the gross proceeds from the sale of the
shares, less the amount of any underwriting discount. Similarly,
certain of our partners, former partners and their permitted
transferees participating in any quarterly share transactions
have been required to pay to us an amount equal to 3&nbsp;1/2%
of the gross proceeds, less any brokerage costs. We have applied
these amounts to cover our expenses in connection with these
transactions, with the excess being applied to fund the share
employee compensation trust described below.

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I>Accenture Stock Employee Compensation Trust</I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In order to preserve Accenture&#146;s partnership culture and
sense of stewardship, we have created a share employee
compensation trust through which we acquire Accenture Ltd
Class&nbsp;A common shares to provide shares for select
Accenture employee benefits, such as equity awards to future
partners. In fiscal 2003, the Board authorized an additional
$150&nbsp;million for use by the Accenture Stock Employee
Compensation Trust (&#147;SECT&#148;) in acquiring Accenture Ltd
Class&nbsp;A common shares in open-market purchases. As of
December&nbsp;8, 2003, the SECT had purchased 24.7&nbsp;million
Accenture Ltd Class&nbsp;A common shares in open-market
purchases and approximately 6&nbsp;million of these shares have
now been awarded to employees in satisfaction of employee awards
granted under the Accenture Ltd 2001&nbsp;Share Incentive Plan.

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I>Future Possibilities</I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We have designed the common agreements with the flexibility to
accommodate changes and additions to the Share Management Plan.
We will continue to review other opportunities that are
compatible with the objectives of the Share Management Plan.

<P align="left">
<B>Accenture Ltd Voting Agreement</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Following is a description of the material terms of the voting
agreement the form of which has been filed as an exhibit to our
Annual Report on Form&nbsp;10-K.

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I>Persons and Shares Covered</I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Accenture Ltd and each of our partners who owns Accenture Ltd
Class&nbsp;A common shares or Class&nbsp;X common shares have
entered into a voting agreement, and each other person who
becomes a partner will be required to enter into the voting
agreement. We refer to the parties to the voting agreement,
other than Accenture Ltd, as &#147;covered persons.&#148;

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Accenture Ltd shares covered by the voting provisions of the
voting agreement generally include (1)&nbsp;any Accenture Ltd
Class&nbsp;X common shares that are held by a partner,
(2)&nbsp;any Accenture Ltd Class&nbsp;A common shares
beneficially owned by a partner at the time in question and also
as of or prior to the initial public offering of the Accenture
Ltd Class&nbsp;A common shares in July 2001 and (3)&nbsp;any
Accenture Ltd Class&nbsp;A common shares if they are received
from us while an employee, a partner or in connection with
becoming a partner or otherwise acquired if the acquisition is
required by us and not otherwise

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</FONT>

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<DIV align="left">
excluded by action or decision of the partner matter
representatives described under &#147;Accenture Ltd Voting
Agreement&#151;Administration and Resolution of Disputes&#148;
below. We refer to the shares covered by the voting agreement as
&#147;covered shares.&#148; Accenture Ltd Class&nbsp;A common
shares purchased by a covered person in the open market or,
subject to certain limitations, in an underwritten public
offering, generally are not subject to the voting agreement.
When a covered person ceases to be an employee of Accenture, the
shares held by that covered person will no longer be subject to
the voting provisions of the voting agreement described below
under &#147;&#151;Voting.&#148;
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Each partner elected after the initial public offering of the
Accenture Ltd Class&nbsp;A common shares in July 2001 agrees in
the voting agreement to own at least 5,000&nbsp;Accenture Ltd
Class&nbsp;A common shares by the end of the third year after
that covered person becomes a partner and to hold at least that
number of shares for so long as that covered person is a partner.

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I>Transfer Restrictions</I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
By entering into the voting agreement, each covered person has
agreed, among other things, to:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    except as described below, maintain beneficial ownership of his
    or her covered shares received on or prior to July&nbsp;24, 2001
    for a period of eight years thereafter;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    maintain beneficial ownership of at least 25% of his or her
    covered shares received on or prior to July&nbsp;24, 2001 as
    long as he or she is an employee of Accenture;&nbsp;and</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    comply with certain additional transfer restrictions imposed by
    or with the consent of Accenture from time to time, including in
    connection with offerings of securities by Accenture Ltd.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Notwithstanding the transfer restrictions described in this
summary, covered persons who continue to be employees of
Accenture will be permitted to transfer a percentage of the
covered shares received by them on or prior to July&nbsp;24,
2001 and owned by them commencing on July&nbsp;24, 2002 as
follows:

<CENTER>
<TABLE width="40%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="21%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="21%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="27%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="26%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Cumulative percentage</FONT></B></TD>
    <TD></TD>
    <TD colspan="3"></TD>
</TR>

<TR>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">of shares permitted</FONT></B></TD>
    <TD></TD>
    <TD colspan="3"></TD>
</TR>

<TR>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">to be transferred</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Years after July&nbsp;24, 2001</FONT></B></TD>
</TR>

<TR>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">&nbsp;10%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top" nowrap><FONT size="2">1&nbsp;year</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">&nbsp;25%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top" nowrap><FONT size="2">2&nbsp;years</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">&nbsp;35%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top" nowrap><FONT size="2">3&nbsp;years</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">&nbsp;45%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top" nowrap><FONT size="2">4&nbsp;years</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">&nbsp;55%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top" nowrap><FONT size="2">5&nbsp;years</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">&nbsp;65%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top" nowrap><FONT size="2">6&nbsp;years</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">&nbsp;75%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top" nowrap><FONT size="2">7&nbsp;years</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">100%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3" align="center" valign="top"><FONT size="2">The later of (a)&nbsp;8&nbsp;years and (b)&nbsp;end of employment by Accenture</FONT></TD>
</TR>

</TABLE>
</CENTER>

<P align="center"><FONT size="2">A-5
</FONT>

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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Partners retiring from Accenture at the age of 50 or above have
been permitted to transfer covered shares they own on an
accelerated basis as follows:

<CENTER>
<TABLE width="40%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="19%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="19%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="29%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="28%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Percentage of remaining</FONT></B></TD>
</TR>

<TR>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">transfer restricted shares</FONT></B></TD>
</TR>

<TR>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Age at retirement</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">permitted to be transferred</FONT></B></TD>
</TR>

<TR>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top" nowrap><FONT size="2">56 or older</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">100%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">55</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">87.5%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">54</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">75%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">53</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">62.5%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">52</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">50%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">51</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">37.5%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">50</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">25%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

</TABLE>
</CENTER>

<P align="left">
In addition, beginning on July&nbsp;24, 2002, a retired partner
who reaches the age of 56 is permitted to transfer any covered
shares he or she owns. Any remaining shares owned by a retiring
partner for which transfer restrictions are not released on an
accelerated basis will be eligible to be transferred as if the
retiring partner continued to be employed by Accenture until
July&nbsp;24, 2009.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Partners who became disabled before our transition to a
corporate structure are permitted to transfer all of their
covered shares commencing on July&nbsp;24, 2002. Partners who
become disabled following our transition to a corporate
structure will be subject to the general transfer restrictions
applicable to our employees or, if disabled after the age of 50,
will benefit from the accelerated lapses of transfer
restrictions applicable to retired partners.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
All transfer restrictions applicable to a covered person under
the voting agreement terminate upon death.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
If Accenture approves in writing a covered person&#146;s pledge
of his covered shares to a lender, foreclosures by the lender on
those shares, and any subsequent sales of those shares by the
lender, are not restricted, provided that the lender must give
Accenture a right of first refusal to buy any shares at the
market price before they are sold by the lender. Accenture has
expressed its intention to terminate the only lending
relationship approved pursuant to these provisions on or before
December&nbsp;31, 2003. See &#147;&#151;Partner Liquidity
Arrangements&#148; below.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Notwithstanding the transfer restrictions described in this
summary, Accenture Ltd Class&nbsp;X common shares may not be
transferred at any time, except upon the death of a holder of
Class&nbsp;X common shares or with the consent of Accenture Ltd.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Accenture Canada Holdings exchangeable shares held by covered
persons are also subject to the transfer restrictions in the
voting agreement.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We expect that the above-described transfer restrictions may be
waived to permit sales in underwritten public offerings, share
purchases, redemptions or other transactions approved by
Accenture and to permit family and charitable transfers approved
by Accenture by those partners that have agreed to the transfer
restrictions described above in the common agreements on any
other transfers of their equity interests until July&nbsp;24,
2005. See &#147;&#151;Share Management Plan&#148; for a
discussion of the terms of these restrictions on transfer. For a
description of how the transfer restrictions described in the
voting agreement may be waived, see &#147;&#151;Waivers and
Adjustments&#148; below.

<P align="center"><FONT size="2">A-6
</FONT>

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<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I>Other Restrictions</I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The voting agreement also prevents covered persons who are
employees of Accenture from engaging in the following activities
with any person who is not a covered person who is an employee
of Accenture or a director, officer or employee of Accenture:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    participating in a proxy solicitation with respect to shares of
    Accenture;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    depositing any covered shares in a voting trust or subjecting
    any of these shares to any voting agreement or arrangement;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    forming, joining or in any way participating in a
    &#147;group&#148; that agrees to vote or dispose of shares of
    Accenture in a particular manner;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    except as provided in the partner matters agreement, proposing
    certain transactions with Accenture;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    seeking the removal of any member of the Board or any change in
    the composition of the Board;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    making any offer or proposal to acquire any securities or assets
    of Accenture;&nbsp;or</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    participating in a call for any special meeting of the
    shareholders of Accenture Ltd.</TD>
</TR>

</TABLE>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="7%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I>Voting</I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Under the voting agreement, prior to any vote of the
shareholders of Accenture Ltd, a separate, preliminary vote of
the covered shares owned by covered persons who are employees of
Accenture will be taken on each matter upon which a vote of the
shareholders is proposed to be taken. Subsequently, all of these
covered shares will be voted in the vote of the shareholders of
Accenture Ltd in accordance with the majority of the votes cast
in the preliminary vote.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Notwithstanding the foregoing, in elections of directors, all
covered shares owned by covered persons who are our employees
will be voted in favor of the election of those persons
receiving the highest numbers of votes cast in the preliminary
vote. In the case of a vote for an amendment to Accenture
Ltd&#146;s constituent documents, or with respect to an
amalgamation, liquidation, dissolution, sale of all or
substantially all of its property and assets or any similar
transaction with respect to Accenture Ltd, all covered shares
owned by covered persons who are our employees will be voted
against the proposal unless at least 66&nbsp;2/3% of the votes
in the preliminary vote are cast in favor of that proposal, in
which case all of these covered shares will be voted in favor of
the proposal.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
So long as the covered shares owned by covered persons that are
our employees represent a majority of the outstanding voting
power of Accenture Ltd, partners from any one country will not
have more than 50% of the voting power in any preliminary vote
under the voting agreement.

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I>Term and Amendment</I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The voting agreement will continue in effect until the earlier
of April&nbsp;18, 2051 and the time it is terminated by the vote
of 66&nbsp;2/3% of the votes represented by the covered shares
owned by covered persons who are our employees. The transfer
restrictions will not terminate upon the expiration or
termination of the voting agreement unless they have been
previously waived or terminated under the terms of the voting
agreement. The voting agreement may generally be amended at any
time by the affirmative vote of 66&nbsp;2/3% of the votes
represented by the covered shares owned by covered persons who
are our employees. Amendment of the transfer restrictions also
requires the consent of Accenture Ltd.

<P align="center"><FONT size="2">A-7
</FONT>

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<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I>Waivers and Adjustments</I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The transfer restrictions and the other provisions of the voting
agreement may be waived at any time by the partners
representatives to permit covered persons to:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    participate as sellers in underwritten public offerings of
    common shares and tender and exchange offers and share purchase
    programs by Accenture;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    transfer covered shares in family or charitable transfers;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    transfer covered shares held in employee benefit plans;&nbsp;and</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    transfer covered shares in particular situations (for example,
    to immediate family members and trusts).</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Subject to the foregoing, from time to time, pursuant to the
terms of the voting agreement, the partners representatives may
also approve limited relief from the existing share transfer
restrictions for specified partners or groups of partners in
connection with particular retirement, employment and severance
arrangements that we determine to be important to the execution
of our business strategy. The provisions of the voting agreement
may generally be waived by the affirmative vote of 66&nbsp;2/3%
of the votes represented by the covered shares owned by covered
persons who are our employees. A general waiver of the transfer
restrictions also requires the consent of Accenture Ltd.

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I>Administration and Resolution of Disputes</I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The terms and provisions of the voting agreement are
administered by the partners representatives, who are both
partners of Accenture and members of the Board and who agree to
serve in such capacity. The partners representatives have the
sole power to enforce the provisions of the voting agreement. No
persons not a party to the voting agreement are beneficiaries of
the provisions of the voting agreement.

<P align="left">
<B>Accenture SCA Transfer Rights Agreement</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Following is a description of the material terms of the transfer
rights agreement the form of which has been filed as an exhibit
to our Annual Report on Form&nbsp;10-K.

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I>Persons and Shares Covered</I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Accenture SCA and each of our partners who owns shares of
Accenture SCA have entered into a transfer rights agreement. We
refer to parties to the transfer rights agreement, other than
Accenture SCA, as &#147;covered persons.&#148;

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Accenture SCA shares covered by the transfer rights
agreement generally include all Class&nbsp;I common shares of
Accenture SCA owned by a covered person. We refer to the shares
covered by the transfer rights agreement as &#147;covered
shares.&#148;

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I>Transfer Restrictions</I></B></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The articles of association of Accenture SCA provide that shares
of Accenture SCA (other than those held by Accenture Ltd) may be
transferred only with the consent of the Accenture SCA
supervisory board or its delegate, the Accenture SCA partners
committee. In addition, by entering into the transfer rights
agreement, each party (other than Accenture Ltd) agrees, among
other things, to:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    except as described below, maintain beneficial ownership of his
    or her covered shares received on or prior to July&nbsp;24, 2001
    for a period of eight years thereafter;</TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">A-8
</FONT>

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<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    maintain beneficial ownership of at least 25% of his or her
    covered shares received on or prior to July&nbsp;24, 2001 as
    long as he or she is an employee of Accenture;&nbsp;and</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    comply with certain other transfer restrictions when requested
    to do so by Accenture.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Notwithstanding the transfer restrictions described in this
summary, covered persons who continue to be employees of
Accenture will be permitted to transfer a percentage of the
covered shares received by them on or prior to July&nbsp;24,
2001 and owned by them commencing on July&nbsp;24, 2002 as
follows:

<CENTER>
<TABLE width="40%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="22%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="22%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="52%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Cumulative percentage</FONT></B></TD>
    <TD></TD>
    <TD></TD>
</TR>

<TR>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">of shares permitted</FONT></B></TD>
    <TD></TD>
    <TD></TD>
</TR>

<TR>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">to be transferred</FONT></B></TD>
    <TD></TD>
    <TD align="center" nowrap><B><FONT size="1">Years after July&nbsp;24, 2001</FONT></B></TD>
</TR>

<TR>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD align="center" nowrap><HR size="1" noshade></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">10%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="bottom">
    <FONT size="2">1 year
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">25%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="bottom">
    <FONT size="2">2 years
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">35%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="bottom">
    <FONT size="2">3 years
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">45%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="bottom">
    <FONT size="2">4 years
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">55%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="bottom">
    <FONT size="2">5 years
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">65%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="bottom">
    <FONT size="2">6 years
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">75%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="bottom">
    <FONT size="2">7 years
    </FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">100%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="bottom">
    <FONT size="2">The later of (a) 8 years<BR>
    and (b) end of<BR>
    employment by<BR>
    Accenture
    </FONT></TD>
</TR>

</TABLE>
</CENTER>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Partners retiring from Accenture at the age of 50 or above will
be permitted to transfer covered shares they own on an
accelerated basis commencing on July&nbsp;24, 2002 as follows:

<CENTER>
<TABLE width="40%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="39%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="29%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="28%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">Percentage of remaining</FONT></B></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">transfer restricted shares</FONT></B></TD>
</TR>

<TR>
    <TD align="center" nowrap><B><FONT size="1">Age at retirement</FONT></B></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><B><FONT size="1">permitted to be transferred</FONT></B></TD>
</TR>

<TR>
    <TD align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3" align="center" nowrap><HR size="1" noshade></TD>
</TR>

<TR>
    <TD align="center" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">56 or older
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">100%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="center" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">55
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">87.5%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="center" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">54
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">75%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="center" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">53
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">62.5%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="center" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">52
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">50%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="center" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">51
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">37.5%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="center" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">50
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">25%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

</TABLE>
</CENTER>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In addition, beginning on July&nbsp;24, 2002, a retired partner
who reaches the age of 56 is permitted to transfer any covered
shares he or she owns. Any remaining shares owned by a retiring
partner for which transfer restrictions are not released on an
accelerated basis will be eligible to be transferred as if the
retiring partner continued to be employed by Accenture until
July&nbsp;24, 2009.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Partners who became disabled before our transition to a
corporate structure are permitted to transfer all of their
covered shares commencing on July&nbsp;24, 2002. Partners who
become disabled following our transition to a corporate
structure will be subject to the general transfer restrictions
applicable to our employees or, if disabled after the age of 50,
will benefit from the accelerated lapses of transfer
restrictions applicable to retired partners.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In addition, at any time after May&nbsp;31, 2004, covered
persons holding Accenture SCA Class&nbsp;I common shares may,
without restriction, require Accenture SCA to redeem any
Accenture SCA Class&nbsp;I common share held by such holder for
a redemption price per share generally equal to the lower of the
market price of an Accenture Ltd Class&nbsp;A common share and
$1. Accenture SCA may, at its option, pay this redemption price
in cash or by delivering Accenture Ltd Class&nbsp;A common
shares.

<P align="center"><FONT size="2">A-9
</FONT>
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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
All transfer restrictions applicable to a covered person under
the transfer rights agreement terminate upon death.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
If Accenture approves in writing a covered person&#146;s pledge
of his or her covered shares to a lender, foreclosures by the
lender on those shares and any subsequent sales of those shares
by the lender are not restricted, provided that the lender must
give Accenture a right of first refusal to buy any shares at the
market price before they are sold by the lender. Accenture has
expressed its intention to terminate the only lending
relationship approved pursuant to these provisions on or before
December&nbsp;31, 2003. See &#147;Partner Liquidity
Arrangements&#148; below.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We expect that the above-described transfer restrictions will be
waived to permit sales in underwritten public offerings, share
purchases or redemptions or transfers in other transactions
approved by Accenture and to permit transfers to estate and/or
tax planning vehicles approved by Accenture by those partners
that have agreed to restrictions on any other transfers of their
equity interests until July&nbsp;24, 2005. See &#147;&#151;Share
Management Plan&#148; for a discussion of the terms of this
restriction on transfer. For a description of the waiver
provisions relating to these transfer restrictions, see
&#147;&#151;Waivers and Adjustments&#148; below.

<P align="left">
<B><I>Term and Amendment</I></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The transfer rights agreement will continue in effect until the
earlier of April&nbsp;18, 2051 and the time it is terminated by
the vote of 66&nbsp;2/3% of the votes represented by the covered
shares owned by covered persons who are our employees. The
transfer restrictions will not terminate upon the expiration or
termination of the transfer rights agreement unless they have
been previously waived or terminated under the terms of the
transfer rights agreement. The transfer rights agreement may
generally be amended at any time by the affirmative vote of
66&nbsp;2/3% of the votes represented by the covered shares
owned by covered persons who are our employees. Amendment of the
transfer restrictions also requires the consent of Accenture SCA.

<P align="left">
<B><I>Waivers and Adjustments</I></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The transfer restrictions and the other provisions of the
transfer rights agreement may be waived at any time by the
Accenture SCA partners committee to permit covered
persons&nbsp;to:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    participate as sellers in underwritten public offerings of
    common shares and tender and exchange offers and share purchase
    programs by Accenture;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    transfer covered shares to charities, including charitable
    foundations;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    transfer covered shares held in employee benefit plans;&nbsp;and</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    transfer covered shares in particular situations (for example,
    to immediate family members and trusts).</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Subject to the foregoing, from time to time, pursuant to the
terms of the transfer rights agreement, the Accenture SCA
partners committee may also approve limited relief from the
existing share transfer restrictions for specified partners or
groups of partners in connection with particular retirement,
employment and severance arrangements that we determine to be
important to the execution of our business strategy. The
provisions of the transfer rights agreement may generally be
waived by the affirmative vote of 66&nbsp;2/3% of the votes
represented by the covered shares owned by covered persons who
are employees of Accenture. A general waiver of the transfer
restrictions also requires the consent of Accenture SCA.

<P align="center"><FONT size="2">A-10
</FONT>

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<P align="left">
<B><I>Administration and Resolution of Disputes</I></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The terms and provisions of the transfer rights agreement are
administered by the Accenture SCA partners committee, which
consists of persons who are both partners of Accenture and
members of the supervisory board of Accenture SCA and who agree
to serve in such capacity. The Accenture SCA partners committee
has the sole power to enforce the provisions of the transfer
rights agreement. No persons not a party to the transfer rights
agreement are beneficiaries of the provisions of the transfer
rights agreement.

<P align="left">
<B>Partner Matters Agreement</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Following is a description of the material terms of the partner
matters agreement, the form of which has been filed as an
exhibit to our Annual Report on Form&nbsp;10-K.

<P align="left">
<B><I>General; Persons and Shares Covered</I></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Accenture Ltd and, with limited exceptions, each of our partners
have entered into a partner matters agreement, and each other
person who becomes a partner will be required to enter into the
partner matters agreement. The purpose of the partner matters
agreement is to establish procedures for continued involvement
of our partners in certain Accenture governance issues. Partners
will vote in partner matters votes held in accordance with the
partner matters agreement based on, generally, (1)&nbsp;all
Accenture Ltd common shares, restricted share units and options
to acquire Accenture Ltd common shares held by a partner if they
were received from us as a partner or in connection with
becoming a partner and (2)&nbsp;all Accenture Ltd common shares
otherwise acquired by a partner if the acquisition is required
by us. Accenture Ltd common shares, restricted share units and
options to acquire Accenture Ltd common shares acquired as our
employee, prior to becoming a partner, will not be relevant to a
partner&#146;s vote in a partner matters vote. Accenture Ltd
common shares purchased by partners in the open market will also
not be relevant to a partner&#146;s vote in a partner matters
vote, unless such purchase was required by us.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The partner matters agreement provides, among other things,
mechanisms for our partners&nbsp;to:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    have selected since our initial public offering, five partner
    nominees for membership on the Board, as well as their
    replacements, should any of these partner-nominated directors
    fail to complete their specified terms of office;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    make a non-binding recommendation to the Board through a
    committee of partners regarding the selection of a chief
    executive officer of Accenture Ltd in the event a new chief
    executive officer is appointed within the first four years after
    our initial public offering;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    vote on new partner admissions;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    approve the partners&#146; income plan as described
    below;&nbsp;and</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD>&#149;&nbsp;</TD>
    <TD align="left">
    hold non-binding votes with respect to any decision to eliminate
    or materially change the current practice of allocating partner
    compensation on a relative, or &#147;unit,&#148; basis.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Under the terms of the partner matters agreement, a
partners&#146; income committee, consisting of the chief
executive officer and partners he or she appoints, reviews
evaluations and recommendations concerning the performance of
partners and determines relative levels of income participation,
or unit allocation. Based on its review, the committee will
prepare a partners&#146; income plan, which then must be
submitted to the partners in a partner matters vote. If the plan
is approved by a 66&nbsp;2/3% partner matters vote, it is:
(1)&nbsp;binding with respect to the income participation or
unit allocation of all partners other than the principal
executive officers of Accenture Ltd (including the chief
executive officer), subject to the impact on overall unit
allocation of determinations by the Board or the compensation
committee of the

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<DIV align="left">
Board of the unit allocation for the executive officers, unless
otherwise determined by the Board ; and (2)&nbsp;submitted to
the compensation committee of the Board as a recommendation with
respect to the income participation or unit allocation of the
chief executive officer and the other principal executive
officers of Accenture Ltd.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Partners continue to vote on the admission of new partners. New
partners will be approved by a 66&nbsp;2/3% partner matters vote.

<P align="left">
<B><I>Term and Amendment; Waivers and Adjustments</I></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The partner matters agreement will continue in effect until it
is terminated by a 66&nbsp;2/3% partner matters vote.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Any partner who ceases to be a partner of Accenture will no
longer be a party to the partner matters agreement. The partner
matters agreement may generally be amended or waived at any time
by a 66&nbsp;2/3% partner matters vote.

<P align="left">
<B><I>Administration and Resolution of Disputes</I></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The terms and provisions of the partner matters agreement are
administered by the partner matters representatives, who are
both partners of Accenture and members of the Board and who
agree to serve in such capacity. The partner matters
representatives have the sole power to enforce the provisions of
the partner matters agreement. No persons not a party to the
partner matters agreement are beneficiaries of the provisions of
the partner matters agreement.

<P align="left">
<B>Non-Competition Agreement</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Following is a description of the material terms of the
non-competition agreements, the forms of which have been filed
as exhibits to our Annual Report on Form&nbsp;10-K.

<P align="left">
<B><I>Persons Covered</I></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Each of our partners as of the date of the consummation of our
transition to a corporate structure has entered into a
non-competition agreement.

<P align="left">
<B><I>Restricted Activities</I></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Each partner party to a non-competition agreement has agreed
that, for a &#147;restricted period&#148; ending on the later of
five years following the date of the initial public offering of
the Accenture Ltd Class&nbsp;A common shares in July 2001 or
18&nbsp;months following the termination of that partner&#146;s
employment with us or our affiliates, he or she will not
(1)&nbsp;associate with and engage in competing services for any
competitive enterprise or (2)&nbsp;solicit or assist any other
entity in soliciting any client or prospective client for the
purposes of providing consulting services, perform competing
services for any client or prospective client, or interfere with
or damage any relationship between us and a client or
prospective client.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In addition, each partner has agreed that for the restricted
period he or she will not solicit or employ any Accenture
employee or any former employee who ceased working for us within
an eighteen-month period before or after the date on which the
partner&#146;s employment with us or our affiliates terminated.

<P align="left">
<B><I>Enforcement</I></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Each partner has agreed that if the partner were to breach any
provisions of the non-competition agreement, we would be
entitled to equitable relief restraining that partner from
committing any violation

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<DIV align="left">
of the non-competition agreement. In addition, each partner has
agreed that if the partner were to breach any provisions of the
non-competition agreement, he or she will pay to us a
predetermined amount as and for liquidated damages and that
those liquidated damages will be secured by that partner&#146;s
shares pursuant to a pledge agreement, which has been entered
into by the parties. Notwithstanding the pledge agreement,
partners will be permitted to dispose of their pledged
securities in accordance with the terms of the Accenture Ltd
common agreement, the Accenture SCA common agreement, the voting
agreement or the transfer rights agreement, as the case may be,
and to receive the proceeds from such dispositions.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Because the laws concerning the enforcement of non-competition
agreements vary, we may not be able to strictly enforce these
terms in all jurisdictions.

<P align="left">
<B><I>Waiver and Termination</I></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We may waive non-competition agreements or any portion thereof
with the consent of, and in the discretion of, the chief
executive officer of Accenture Ltd. The non-competition
agreements will terminate upon a change in control of Accenture
Ltd.

<P align="left">
<B>Advances to Partners</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In March 2002, in connection with a revision to our variable
compensation program for partners, which had the effect of
deferring payment of variable compensation and imposing
additional conditions on ultimate payment, all partners received
a one-time advance against their quarterly variable
compensation. In connection with this revision, the executive
officers identified below received advances in excess of $60,000.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Joe W. Forehand, Chief Executive Officer and Chairman of the
Board, had a maximum advance of $112,000 under the program,
which was repaid in full during fiscal 2003.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Jackson L. Wilson, Jr., Chief Executive&#151; Business Process
Outsourcing, had a maximum advance of $98,000 under the program
which was repaid in full during fiscal 2003.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Stephan A. James, Chief Operating Officer&#151; Capabilities and
Director, had a maximum advance of $94,500 under the program,
which was repaid in full during fiscal 2003.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Michael G. McGrath, Chief Risk Officer, had a maximum advance of
$91,000 under the program, which was repaid in full during
fiscal 2003.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
William D. Green, Chief Operating Officer&#151; Client Services
and Director, had a maximum advance of $80,500 under the
program, which was repaid in full during fiscal 2003.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
R.&nbsp;Timothy S. Breene, Chief Strategy Officer, had a maximum
advance of $73,047 under the program, which was repaid in full
during fiscal 2003.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Gregg G. Hartemayer, Chief Executive&#151; Technology and
Outsourcing Group, had a maximum advance of $71,750 under the
program, which was repaid in full during fiscal&nbsp;2003.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Joel P. Friedman, Chief Operating Officer&#151; Business Process
Outsourcing and Director, had a maximum advance of $68,950 under
the program, which was repaid in full during fiscal 2003.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
William C. Copacino, Chief Executive&#151; Business Consulting
Capability Group, had a maximum advance of $67,900 under the
program, which was repaid in full during fiscal 2003.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Joellin Comerford, Group Director&#151; Sales Development, had a
maximum advance of $65,450 under the program, which was repaid
in full during fiscal 2003.

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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Masakatsu Mori, Chairman of Accenture Japan Ltd and Director,
had a maximum advance of $61,103 under the program, which was
repaid in full fiscal 2003.

<P align="left">
<B>Partner Liquidity Arrangements</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Accenture previously entered into arrangements with Salomon
Smith Barney, Inc., (SSB)&nbsp;that enable certain of our
younger partners (not including any of our executive officers)
to borrow from SSB up to the lesser of a year&#146;s salary or
approximately ten percent of the partner&#146;s equity interest
in Accenture. The loans are obligations of the individual
partners, and not Accenture, and are secured by the individual
partner&#146;s equity interest in Accenture, which, as discussed
under &#147;&#151;Non-Competition Agreement,&#148; also secure
the partner&#146;s obligations under a non-competition
agreement. These loans were intended for the purpose of
increasing the personal liquidity of those partners for the
four-year period following the initial public offering of the
Accenture Ltd Class&nbsp;A common shares in July 2001 and could
not exceed $150&nbsp;million in the aggregate without the
consent of SSB. Accenture and SSB have agreed that the existing
arrangements will be terminated on or before December&nbsp;31,
2003 and no additional loans will be made pursuant to these
arrangements. It is expected that all outstanding loans under
the existing arrangements will be repaid by partners or
refinanced pursuant to the facilities described in the following
paragraph on or before December&nbsp;31, 2003.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Accenture, the partners representatives under the voting
agreement and the Accenture SCA partners committee under the
transfer rights agreement have approved the pledge of covered
shares to SSB to secure personal loans to all Accenture partners
and former partners (not including any of our executive
officers) in amounts agreed by SSB and its borrowers. As a
condition to obtaining the right to make these personal loans,
SSB has agreed to take all covered shares pledged subject to the
transfer restrictions imposed on pledging partners or former
partners pursuant to the common agreements, voting agreement
and/or transfer rights agreement. Consequently, foreclosures by
SSB on those pledged shares and any subsequent sales of those
shares by SSB are restricted to the same extent they would be in
the hands of the pledging partner or former partner.

<P align="left">
<B>Partner Tax Costs</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We have informed our partners that if a partner reports for tax
purposes the transactions involved in connection with our
transition to a corporate structure, we will provide a legal
defense to that partner if his or her reporting position is
challenged by the relevant tax authority. In the event such a
defense is unsuccessful, and the partner is then subject to
extraordinary financial disadvantage, we will review such
circumstances for any individual partner and find an appropriate
way to avoid severe financial damage to that individual partner.

<P align="left">
<B>Prior Relationship with Andersen Worldwide and Arthur
Andersen Firms</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
As a result of a restructuring in 1989, the predecessors of many
of what are now our subsidiaries became legally separate and
distinct from the Arthur Andersen firms. Thereafter, until
August&nbsp;7, 2000, we had contractual relationships with an
administrative entity, Andersen Worldwide, and indirectly with
the separate Arthur Andersen firms. Under these contracts,
called member firm agreements, we and our member firms, on the
one hand, and the Arthur Andersen firms, on the other hand, were
two stand-alone business units linked through such agreements to
Andersen Worldwide for administrative and other services. In
addition, during this period our partners individually were
members of the administrative entity, Andersen Worldwide. On
December&nbsp;17, 1997, the Accenture member firms began a
binding arbitration seeking the termination of these contractual
relationships and other relief.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
On August&nbsp;7, 2000, the parties to the arbitration were
notified that the tribunal appointed by the International
Chamber of Commerce in its final award, dated July&nbsp;28,
2000, had terminated our

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<DIV align="left">
contractual relationships with Andersen Worldwide and all the
Arthur Andersen firms as of August&nbsp;7, 2000. Under the terms
of the final award, Accenture, and each of the member firms
comprising it, was required to cease using the Andersen name or
any derivative thereof, no later than December&nbsp;31, 2000. On
January&nbsp;1, 2001, we began to conduct business under the
name Accenture.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
On December&nbsp;19, 2000, Andersen Worldwide and Arthur
Andersen LLP, on behalf of themselves and all other Arthur
Andersen firms, partners, shareholders and others, and Accenture
Partners, S.C. and Accenture LLP, on behalf of themselves and
all other Accenture member firms, partners, shareholders and
others, executed a binding memorandum of understanding agreement
to settle and resolve all existing and potential disputes among
the parties concerning the implementation of the final award and
the termination of our contractual relationships with Andersen
Worldwide and the Arthur Andersen firms, including the discharge
and release of all obligations of the parties under the
terminated member firm agreements between the Accenture member
firms and Andersen Worldwide. On March&nbsp;1, 2001, Andersen
Worldwide, Arthur Andersen LLP and all other Arthur Andersen
firms, on behalf of themselves and their respective affiliates
and representatives, on the one hand, and Accenture Partners,
S.C., Accenture LLP and all other Accenture firms, on behalf of
themselves and their respective affiliates and representatives,
on the other, completed implementation of the memorandum of
understanding agreement by entering into a closing agreement,
releases and indemnities, and by finalizing services
arrangements and a training facility use arrangement.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In light of Arthur Andersen LLP&#146;s and Andersen
Worldwide&#146;s current circumstances, in October 2002,
Accenture and Arthur Andersen LLP renegotiated the service
arrangements and training facility use arrangement they entered
into in fiscal 2001 in connection with the contractual
arrangements described above. Accenture and Arthur Andersen LLP
entered into a new facility services agreement which provides
Accenture with the use of Arthur Andersen LLP&#146;s training
facility in St. Charles, Illinois, at market rates through
July&nbsp;1, 2007. In addition, Accenture and Arthur Andersen
LLP terminated the prior St. Charles facility services
agreement, as well as the services agreements by which Arthur
Andersen LLP and other Arthur Andersen firms were to provide
services, including tax services, to Accenture and by which
Accenture was to provide Arthur Andersen LLP and other Arthur
Andersen firms with consulting services.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
During our association with Andersen Worldwide and Arthur
Andersen, we agreed to allocate specified responsibilities and
obligations relating to the preparation and filing of tax
returns, the payment of tax liabilities and the control and
contest of administrative or legal proceedings relating to tax
matters between our two groups. On March&nbsp;1, 2001, in
connection with the settlement described above, Accenture
entered into a tax sharing agreement with Andersen Worldwide and
Arthur Andersen which describes how any unresolved tax matters
will be addressed following the termination of our contractual
relationships. In general, liability for specified additional
taxes relating to joint business returns of Accenture and
Andersen Worldwide and Arthur Andersen for taxable periods
ending on or before the termination of our contractual
relationships will be allocated between us and Andersen
Worldwide and Arthur Andersen as if we had no contractual
relationships with one another at the time the taxes arose.
Liability for all other taxes relating to taxable periods ending
on or before the termination of our agreements will be allocated
to the party responsible for preparing and filing the tax return
with respect to those taxes. The contest of audits and
administrative or court proceedings relating to these taxes will
generally be controlled by the party responsible for filing the
tax returns that are the subject of the audit or proceeding.

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<DIV align="right">
<B>Appendix 1</B>
</DIV>

<P align="center">
<B>AUDIT COMMITTEE CHARTER</B>

<P align="left">
<B>Purpose</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Audit Committee (the &#147;Committee&#148;) of the Board of
Directors (the &#147;Board&#148;) of Accenture Ltd (the
&#147;Company&#148;) shall provide assistance to the Board in
fulfilling its responsibilities to the Company and to its
shareholders, potential shareholders, the investment community
and other stakeholders with respect to its oversight of the
following:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    1.&nbsp;The quality and integrity of the Company&#146;s
    accounting and reporting practices and controls, and the
    financial statements and reports of the Company;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    2.&nbsp;The Company&#146;s compliance with legal and regulatory
    requirements;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    3.&nbsp;The independent auditor&#146;s qualifications and
    independence;&nbsp;and</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    4.&nbsp;The performance of the Company&#146;s internal audit
    function and independent auditors.</TD>
</TR>

</TABLE>

<P align="left">
The Committee will fulfill these responsibilities primarily by
carrying out the activities enumerated in Section&nbsp;IV of
this Charter.

<P align="left">
<B>Composition</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Committee shall be comprised of three or more members of the
Board, each of whom shall be determined by the Board to be
&#147;independent&#148; under the rules of the New&nbsp;York
Stock Exchange and any other applicable listing or legal
requirements, including the more rigorous independence
requirements applicable specifically to audit committee members.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
All members of the Committee shall have a working familiarity
with basic finance and accounting practices, and at least one
member of the Committee shall be an &#147;audit committee
financial expert&#148; as defined by the Securities and Exchange
Commission. Committee members shall have other such qualities as
the Board determines appropriate.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The members of the Committee shall be appointed by the Board at
the annual organizational meeting of the Board and shall serve
until the next such organizational meeting of the Board or until
their successors shall be duly elected and qualified. The
members of the Committee may be removed, with or without cause,
by a majority vote of the Board.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Unless a Chairperson is elected by the full Board, the members
of the Committee may designate a Chairperson by majority vote of
the full Committee membership. The Chairperson will chair all
regular sessions of the Committee and set the agenda for the
Committee meetings.

<P align="left">
<B>Meetings</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Committee shall meet at least four times annually, or more
frequently as their responsibilities dictate. As part of its job
to foster open communication, the Committee shall, at least
annually, meet separately with management, the director of the
internal audit department and the independent auditors to
discuss any matters that the Committee or any of these groups
believes should be discussed privately. In addition, the
Committee should meet with the independent auditors and
management quarterly to review the Company&#146;s financial
statements and reports consistent with Section&nbsp;IV below.
The Committee may meet in person or telephonically at any time.

<P align="center"><FONT size="2">1
</FONT>
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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
All members of the Board who are not members of the Committee
may attend meetings of the Committee but may not vote. The
Committee may invite to its meetings any management or other
personnel of the Company, or any third parties, as it deems
appropriate in order to carry out its responsibilities.

<P align="left">
<B>Responsibilities and Duties</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Committee, in discharging its oversight role, is empowered
to study or investigate any matter of interest or concern that
it deems appropriate. The Committee shall have the authority to
retain outside legal, accounting or other advisors for this or
any other purpose, including the authority to approve the fees
payable to such advisors and any other terms of retention.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Committee shall be given full access to the Company&#146;s
internal audit group, management, personnel and independent
auditors as necessary to carry out these responsibilities. While
acting within the scope of its stated purpose, the Committee
shall have all the authority of the Board.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
To fulfill its responsibilities and duties the Committee shall:

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I>Documents/ Reports Review</I></B></TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    1.&nbsp;Review with management and the independent auditors,
    prior to public dissemination, the Company&#146;s annual audited
    financial statements and any quarterly financial statements and
    reports, including the Company&#146;s disclosures under the
    &#147;Management&#146;s Discussion and Analysis of Financial
    Condition and Results of Operations&#148; and a discussion with
    the independent accountants of the matters required to be
    discussed by Statements of Auditing Standards Nos.&nbsp;61 and
    71, as applicable;&nbsp;and</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    2.&nbsp;Review and discuss with management and the independent
    auditors the Company&#146;s earnings press releases as well as
    financial information and earnings guidance provided to analysts
    and rating agencies.</TD>
</TR>

</TABLE>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I>Independent Auditors</I></B></TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    1.&nbsp;Retain (and terminate, as the case may be) the
    Company&#146;s independent auditors (subject to shareholder
    ratification) and approve all audit engagement fees and terms;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    2.&nbsp;Oversee the work of any registered public accounting
    firm employed by the Company, including the resolution of any
    disagreement between management and the independent auditor
    regarding financial reporting, for the purpose of preparing or
    issuing an audit report or related work;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    3.&nbsp;Approve, in advance, any audit and any permissible
    non-audit engagement or relationship between the Company and the
    independent auditors;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    4.&nbsp;Review, at least annually, the qualifications,
    performance and independence of the independent auditors. In
    conducting its review and evaluation, the Committee should:</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="7%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    1.&nbsp;Obtain and review a report by the Company&#146;s
    independent auditors describing: (i)&nbsp;the auditing
    firm&#146;s internal quality-control procedures; (ii)&nbsp;any
    material issues raised by the most recent internal
    quality-control review, or peer review, of the auditing firm, or
    by any inquiry or investigation by governmental or professional
    authorities, within the preceding five years, respecting one or
    more independent audits carried out by the auditing firm, and
    any steps taken to deal with any such issues; and (iii)&nbsp;all
    relationships between the independent auditors and the Company
    (so as to enable the assessment of the independent
    auditors&#146; independence);</TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">2
</FONT>

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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="7%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    2.&nbsp;Ensure the rotation of the lead audit partner and
    reviewing partner on at least that schedule required by the
    Securities and Exchange Commission, the Public Company
    Accounting Oversight Board or any other applicable authority. As
    part of its review, the Committee shall confirm with any
    independent auditors retained to provide audit services in any
    fiscal year that the lead (or coordinating) audit partner
    (having primary responsibility for the audit), or the audit
    partner responsible for reviewing the audit, has not performed
    audit services for the Company in any of the five previous
    fiscal years of the Company;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    3.&nbsp;Take into account the opinions of management and the
    Company&#146;s internal auditors (or of other personnel
    responsible for the internal audit function);&nbsp;and</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    4.&nbsp;Receive from the independent auditors such written
    statements as required by Independence Standards Board Statement
    No.&nbsp;1 or any other applicable rules, and recommend to the
    Board and/or management such actions it deems appropriate to
    ensure the independence of the external auditors;</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    5.&nbsp;Review with the independent auditors any audit problems
    or difficulties and management&#146;s response;&nbsp;and</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    6.&nbsp;Set clear hiring policies to be implemented by the
    Company for employees or former employees of the independent
    auditors to ensure independence.</TD>
</TR>

</TABLE>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I>Financial Reporting Process and Controls</I></B></TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    1.&nbsp;Review, in consultation with the independent auditors
    and the internal auditors, the integrity of the Company&#146;s
    internal and external financial reporting processes and
    controls. In this regard, the Committee should obtain and
    discuss with management and the independent auditors all reports
    from management and the independent auditors regarding:
    (i)&nbsp;all critical accounting policies and practices to be
    used by the Company; (ii)&nbsp;analyses prepared by management
    and/or the independent auditors setting forth significant
    financial reporting issues and judgments made in connection with
    the preparation of the financial statements, including all
    alternative treatments of financial information within generally
    accepted accounting principles that have been discussed with the
    Company&#146;s management, the ramifications of the use of the
    alternative disclosures and treatments, and the treatment
    preferred by the independent auditors; (iii)&nbsp;major issues
    regarding accounting principles and financial statement
    presentations, including any significant changes in the
    Company&#146;s selection or application of accounting
    principles; (iv)&nbsp;major issues as to the adequacy of the
    Company&#146;s internal controls and any specific audit steps
    adopted in light of material control deficiencies; and
    (v)&nbsp;any other material written communications between the
    independent auditor and the Company&#146;s management;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    2.&nbsp;Review periodically the effect of regulatory and
    accounting initiatives, as well as off-balance sheet structures
    (if any), on the financial statements of the Company;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    3.&nbsp;Establish regular systems of reporting to the Committee
    by each of management, the independent auditors and the internal
    auditors regarding any significant judgments made in
    management&#146;s preparation of the financial statements and
    any significant difficulties encountered during the course of
    the review or audit, including any restrictions on the scope of
    work or access to requested information;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    4.&nbsp;Review any significant disagreement between management
    and the independent auditors or the internal auditing department
    in connection with the preparation of the financial statements
    and management&#146;s response to such matters;&nbsp;and</TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">3
</FONT>

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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    5.&nbsp;Review and discuss with the independent auditors the
    responsibilities, budget and staffing of the Company&#146;s
    internal audit function.</TD>
</TR>

</TABLE>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I>Legal/ Compliance/ General</I></B></TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    1.&nbsp;Review, with the Company&#146;s counsel, any legal
    matter that could have a significant impact on the
    Company&#146;s financial statements or operations;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    2.&nbsp;Discuss with management and the independent auditors the
    Company&#146;s guidelines and policies with respect to risk
    assessment and risk management. The Committee should discuss the
    Company&#146;s major financial risk exposures and the steps
    management has taken to monitor and control such exposures;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    3.&nbsp;Oversee the Company&#146;s compliance program and
    adherence to its Code of Business Ethics. This shall include a
    review and investigation of any matters pertaining to the
    integrity of management, including conflicts of interest;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    4.&nbsp;Establish procedures for: (i)&nbsp;the receipt,
    retention and treatment of complaints received by the Company
    regarding accounting, internal accounting controls, or auditing
    matters; and (ii)&nbsp;the confidential anonymous submission by
    employees of the Company of concerns regarding questionable
    accounting or auditing matters;&nbsp;and</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    5.&nbsp;Ensure that the Company maintains (either as an internal
    function or as an outsourced service) an internal audit function.</TD>
</TR>

</TABLE>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top">
    <TD></TD>
    <TD>
    <B><I>Reports</I></B></TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    1.&nbsp;Prepare all reports required of it to be included in the
    Company&#146;s proxy statement, pursuant to and in accordance
    with applicable rules and regulations of the Securities and
    Exchange Commission;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    2.&nbsp;Report regularly to the Board:</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="7%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    1.&nbsp;with respect to any issues that arise regarding the
    quality or integrity of the Company&#146;s financial statements,
    the Company&#146;s compliance with legal and regulatory
    requirements, the performance and independence of the
    Company&#146;s independent auditors or the performance of the
    internal audit function;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    2.&nbsp;following all meetings of the Committee;&nbsp;and</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    3.&nbsp;with respect to such other matters that are relevant to
    the Committee&#146;s discharge of its responsibilities;&nbsp;and</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    3.&nbsp;Maintain minutes or other records of meetings and
    activities of the Committee.</TD>
</TR>

</TABLE>

<P align="left">
<B>Annual Performance Evaluation</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Committee shall perform a review and evaluation, at least
annually, of its performance and its members, including
reviewing the compliance of the Committee with this Charter. In
addition, the Committee shall review and reassess, at least
annually, the adequacy of this Charter and recommend to the
Board any improvements to this Charter that the Committee
considers necessary or valuable. The Board shall also issue an
annual evaluation of the Committee&#146;s performance.

<P align="left">
<U>Revised as of February&nbsp;25, 2003</U>

<P align="center"><FONT size="2">4
</FONT>

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<DIV align="right">
<B>Appendix 2</B>
</DIV>

<P align="center">
<B>INDEPENDENCE STANDARDS</B>

<P align="left">
The Board has established the following standards to assist it
in assessing director independence:

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
1.&nbsp;A director will not be independent if, within the prior
three years, he or she
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    a.&nbsp;Was employed by Accenture (including any affiliate);</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    b.&nbsp;Was employed by, a partner in or otherwise affiliated
    with Accenture&#146;s independent auditors or any law firm
    retained by Accenture;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    c.&nbsp;Was an officer or senior employee of a company on whose
    board of directors an Accenture executive officers
    serves;&nbsp;or</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    d.&nbsp;Personally provided professional services to Accenture
    or its affiliates or any executive officer, or otherwise
    received direct compensation from Accenture, in excess of
    $100,000 in any such year.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    Note: Such a position by an immediate family member of the
    director shall have the same effect on the director&#146;s
    independence, except that the Board has concluded that
    employment by Accenture of adult children in non-executive
    officer roles shall not preclude a determination of independence
    of a director.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
2.&nbsp;Relationships of the following types will not be
considered to be material relationships that would impair a
director&#146;s independence:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    a.&nbsp;The director is an executive officer, director or
    significant shareholder of a company that does business with
    Accenture, and, during the company&#146;s prior three fiscal
    years, the amount of business conducted between Accenture and
    the other company (sales to, revenues from or business otherwise
    influenced) in any of those fiscal years did not exceed the
    greater of 2&nbsp;percent of the company&#146;s annual gross
    revenues or $1&nbsp;million.</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    b.&nbsp;The director is an officer, director, trustee (or
    equivalent) of a charitable or non-profit organization and,
    during the company&#146;s prior three fiscal years, the amount
    of charitable contributions directed by Accenture or its
    executive officers (not including those matching contributions
    by employees) to that organization did not exceed the greater of
    2&nbsp;percent of the organization&#146;s consolidated gross
    revenues or $1&nbsp;million.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
3.&nbsp;For situations not covered by the guidelines in
section&nbsp;2 above, those directors who have been determined
to satisfy the guidelines of sections&nbsp;1 and 2 above shall
make the determination of independence for such directors after
considering all of the relevant facts and circumstances. For
example, the independent directors could determine in a
particular case, that a director or nominee did not have a
material relationship even if the relationship did not satisfy
section&nbsp;2 and that such individual should be considered
independent. The company would explain in the next proxy
statement the basis for any Board determination that a
particular relationship was immaterial despite the fact that it
did not satisfy the categorical standards set forth in
section&nbsp;2 above.

<P align="left">
<U>Revised as of November&nbsp;12, 2003</U>

<P align="center"><FONT size="2">1
</FONT>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<P><DIV style="float: left; width: 20%">

<P align="left"><FONT size="2"><IMG src="c81479dc8147900.gif" alt="(ACCENTURE LOGO)"><BR>
</FONT>
</DIV>
<DIV style="float: right; width: 40%">

<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">

<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>SUBMIT YOUR PROXY BY INTERNET</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>AT HTTP://WWW.VOTEFAST.COM</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="left"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Have your proxy card available when you access the website at
http://www.votefast.com. You will be prompted to enter your control number and
to follow the simple prompts that will allow you to record your proxy.</FONT></TD>
</TR>
</TABLE>
</DIV>

<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">

<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>SUBMIT YOUR PROXY BY</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>TELEPHONE AT 1-800-542-1160</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="left"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Have your proxy card available when you call 1-800-542-1160 using a touch-tone
phone. You will be prompted to enter your control number and to follow the
simple prompts that will allow you to record your proxy.</FONT></TD>
</TR>
</TABLE>
</DIV>

<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">

<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>SUBMIT YOUR PROXY BY MAIL</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="left"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Please mark, sign and date your proxy card and return it in the postage-paid
envelope provided or mail it to: Corporate Election Services, P.O. Box 1150,
Pittsburgh, PA 15230-1150.</FONT></TD>
</TR>
</TABLE>
</DIV>

</DIV><!-- nbsp --><P>&nbsp;<BR clear="all">

<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">

<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2"><B>Submit Your Proxy<br>
by Internet</B><br>
Access the website and<br>
cast your vote:<br>
<B>http://www.votefast.com</B></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
<B>Submit Your Proxy<br>
by Telephone</B><br>
Call toll-free using a<br>
touch-tone phone:<br>
<B>1-800-542-1160</B>
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2"><B>Submit Your Proxy<br>
by Mail</B><br>
Return your<br>
proxy in the<br>
envelope provided</FONT></TD>
</TR>
</TABLE>
</DIV>

<P align="center"><FONT size="2"><B>Submit your proxy 24 hours a day, 7 days a week!<BR>
Your proxy by Internet or telephone must be received by 11:59&nbsp;p.m., Eastern Standard Time,<BR>
on Wednesday, February 4, 2004 to be counted in the final tabulation.<BR>
If you vote by internet or telephone, please do not mail your proxy card.</B>
</FONT>

<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="55%">

<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2"><B>YOUR CONTROL NUMBER IS:</B></FONT></TD>
</TR>
</TABLE>
</DIV>

<P align="center"><FONT size="2"><B>Proxy must be signed and dated below.<BR>
&#149; Please fold and detach card at perforation before mailing.
&#149;<BR>
<HR size="1" noshade width="100%"></B>
</FONT>

<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">

<TR valign="bottom">
    <TD width="47%"></TD>
    <TD width="5%"></TD>
    <TD width="47%"></TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top"><FONT size="2"><B>ACCENTURE LTD</B></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
<B>PROXY</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<HR size="1" noshade width="100%">
<P align="left"><FONT size="2"><B>This proxy is solicited on behalf of the Board of Directors for the 2004 Annual General Meeting of Shareholders.</B><br>
The undersigned hereby appoints Joe W.
Forehand, Harry L. You and Douglas G. Scrivner as proxies, each with full power
of substitution, and hereby authorizes each of them to represent and to vote, as
designated on the reverse side, all Class&nbsp;A common shares and Class&nbsp;X common
shares of Accenture Ltd held of record by the undersigned on December&nbsp;8, 2003,
at the 2004 Annual General Meeting of Shareholders to be held on February&nbsp;5,
2004 and at any adjournment or postponement thereof. The undersigned hereby
further authorizes such proxies to vote in their discretion upon such other
matters as may properly come before such Annual General Meeting and at any
adjournment or postponement thereof.
</FONT>

<DIV align="right">
<TABLE cellspacing="0" border="0" cellpadding="0" width="50%">

<TR valign="bottom">
    <TD width="14%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="81%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade></FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Signature</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade></FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Signature</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Date:</FONT></TD>
</TR>
<TR>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade></FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Please sign this proxy card exactly as
your name appears to the left. Proxies
should be dated when signed. When shares
are held by joint tenants, both should
sign. When signing as attorney, executor,
administrator, trustee, guardian or other
similar capacity, please give your full
title as such. If a corporation, a duly
authorized officer of the corporation
should sign on behalf of the corporation,
or the seal of the corporation should be
affixed. If a partnership, a partner should
sign in partnership name.</FONT></TD>
</TR>
</TABLE>
</DIV>

<P align="center"><FONT size="2">&nbsp;
</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<P align="center"><FONT size="2"><B>ELECTRONIC ACCESS TO FUTURE DOCUMENTS NOW AVAILABLE</B>
</FONT>

<P align="left"><FONT size="2">You have the option to access our future shareholder communications (e.g.,
annual reports, proxy statements, interim communications) over the Internet,
instead of receiving those documents in the mail. Your participation is
completely voluntary. If you give your consent, you will receive a notice by
email, informing you that materials are available and providing you with the
Internet location where these materials are available. Our material will be
presented in PDF format. There is no cost to you for this service other than any
charges you may incur from your Internet provider, telephone and/or cable
company. Once you give your consent, it will remain in effect until you inform
us otherwise. You may revoke your consent at any time after you give it by
sending a written notice to Accenture&#146;s Secretary at 1661 Page Mill Rd, Palo
Alto, California 94304, Attn: Corporate Secretary.
</FONT>

<P align="left"><FONT size="2">To give your consent, please follow the prompts when you vote by telephone or
over the Internet or check the appropriate box located at the bottom of the
attached proxy card when you vote by mail.
</FONT>

<P align="center"><FONT size="2"><B>YOUR VOTE IS IMPORTANT!</B>
</FONT>

<P align="left"><FONT size="2">Please submit your proxy via the Internet or by telephone using the instructions
on the reverse side of this proxy card, or mark, sign, date and return this
proxy card in the enclosed reply envelope. In order for your mailed proxy to be
counted, your proxy must be received no later than February&nbsp;4, 2004. If you
submit your proxy via the Internet or by telephone, you may transmit your voting
instructions up until 11:59&nbsp;p.m., Eastern Standard Time, on February&nbsp;4, 2004.
Submitting your proxy will not affect your right to vote in person if you decide
to attend the Annual General Meeting.
</FONT>

<P align="center"><FONT size="2"><B>Proxy must be signed and dated on the reverse side.<br>
Please fold
and detach card at perforation before mailing.</B>
</FONT>
<HR size="1" noshade width="100%">
<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">

<TR valign="bottom">
    <TD width="47%"></TD>
    <TD width="5%"></TD>
    <TD width="47%"></TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top"><FONT size="2"><B>ACCENTURE LTD</B></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
<B>PROXY</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<HR size="1" noshade width="100%">
<P align="left"><FONT size="2"><B>THIS PROXY, WHEN PROPERLY EXECUTED AND DELIVERED, WILL BE VOTED AS DIRECTED BY
THE UNDERSIGNED SHAREHOLDER. IF YOU SIGN AND RETURN THIS PROXY BUT NO DIRECTIONS
ARE GIVEN, THEN THIS PROXY WILL BE VOTED &#147;FOR&#148; PROPOSALS 1 AND 2, AND IN THE
DISCRETION OF THE PROXIES UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE
THE ANNUAL GENERAL MEETING.</B>
</FONT>

<P align="left"><FONT size="2"><B>The Board of Directors recommends that you vote FOR Proposals 1 and 2.</B>
</FONT>

<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">

<TR valign="bottom">
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="75%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">1.</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Appointment of the following 4 nominees to the Board of Directors:</FONT></TD>
</TR>
</TABLE>
</DIV>

<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="90%">

<TR valign="bottom">
    <TD width="26%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="21%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="18%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="26%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">(01)&nbsp;Dennis F. Hightower</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
(02)&nbsp;William L. Kimsey
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">(03)&nbsp;Robert I. Lipp
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">(04)&nbsp;Wulf von Schimmelmann</FONT></TD>
</TR>
</TABLE>
</DIV>

<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="90%">

<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="33%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="33%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="4"><FONT face="Wingdings">&#111;</FONT></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<B>FOR </B>all nominees listed above<br>
(except as listed to the contrary below)
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="4"><FONT face="Wingdings">&#111;</FONT>
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2"><B>WITHHOLD AUTHORITY<br></B>
to vote for all nominees listed above</FONT></TD>
</TR>
</TABLE>
</DIV>

<P align="left"><FONT size="2"><B>To withhold authority to vote for any individual nominee, write that nominee&#146;s
name or number below:</B>
</FONT>

<P align="center"><HR size="1" noshade width="100%">
<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">

<TR valign="bottom">
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="75%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">2.</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Re-appointment of KPMG LLP as independent auditors for the 2004 fiscal year
and authorization of the Board of Directors to determine KPMG LLP&#146;s
remuneration.</FONT></TD>
</TR>
</TABLE>
</DIV>

<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="90%">

<TR valign="bottom">
    <TD width="18%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="36%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="36%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="4"><FONT face="Wingdings">&#111;</FONT><FONT size="2"><B>&nbsp;FOR</B></FONT></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="4">
<FONT face="Wingdings">&#111;</FONT><FONT size="2"><B>&nbsp;AGAINST</B>
</FONT></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="4"><FONT face="Wingdings">&#111;</FONT><FONT size="2"><B>&nbsp;ABSTAIN</B></FONT></FONT></TD>
</TR>
</TABLE>
</DIV>

<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="90%">

<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="95%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="4"><FONT face="Wingdings">&#111;</FONT></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Please check this box if you plan to attend the Annual General Meeting.</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="4"><FONT face="Wingdings">&#111;</FONT></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Please check this box if you consent to access future shareholder communications via the Internet.</FONT></TD>
</TR>
</TABLE>
</DIV>

<P align="center"><FONT size="2"><B>IMPORTANT&#151;THIS PROXY MUST BE SIGNED AND DATED ON THE REVERSE SIDE.</B>
</FONT>



<P align="center"><FONT size="2">&nbsp;
</FONT>


<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<P><DIV style="float: left; width: 48%">

<P align="left"><FONT size="2"><IMG src="c81479dc8147900.gif" alt="(ACCENTURE LOGO)">
</FONT>
</DIV>
<DIV style="float: right; width: 38%">

<DIV align="center"><HR size="1" noshade width="100%"></DIV>
<DIV align="center"><FONT size="2"><B>VOTE BY INTERNET AT<BR>
HTTP://WWW.VOTEFAST.COM</B>
</FONT></DIV>
<DIV align="center"><HR size="1" noshade width="100%"></DIV>
<DIV align="left"><FONT size="2">Have your ballot available when you access the website at
http://www.votefast.com. You will be prompted to enter your control number and
to follow the simple prompts that will allow you to record your vote.
</FONT></DIV>

<P align="center"><HR size="1" noshade width="100%">
<DIV align="center"><FONT size="2"><B>VOTE BY TELEPHONE AT<BR>
1-800-542-1160</B>
</FONT></DIV>
<DIV align="center"><HR size="1" noshade width="100%"></DIV>
<DIV align="left"><FONT size="2">Have your ballot available when you call 1-800-542-1160 using a touch-tone
phone. You will be prompted to enter your control number and to follow the
simple prompts that will allow you to record your vote.
</FONT></DIV>

<P align="center"><HR size="1" noshade width="100%">
<DIV align="center"><FONT size="2"><B>VOTE BY MAIL</B>
</FONT></DIV>
<DIV align="center"><HR size="1" noshade width="100%"></DIV>
<DIV align="left"><FONT size="2">Please mark, sign and date your ballot and return it in the postage-paid
envelope provided or mail it to: Corporate Election Services, P.O. Box 1150,
Pittsburgh, PA 15230-1150.
</FONT></DIV>

</DIV><!-- nbsp --><P>&nbsp;<BR clear="all">

<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">

<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2"><B>Vote by Internet</B></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
<B>Vote by Telephone</B>
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2"><B>Vote by Mail</B></FONT></TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2">Access the website and</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
Call toll-free using a
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">Return your</FONT></TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2">cast your vote:</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
touch-tone phone:
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">ballot in the</FONT></TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2"><B>http://www.votefast.com</B></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
<B>1-800-542-1160</B>
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">envelope provided</FONT></TD>
</TR>
</TABLE>
</DIV>

<P align="center"><FONT size="2"><B>Vote 24 hours a day, 7&nbsp;days a week!<BR>
Your ballot by Internet or telephone must be received by 11:59&nbsp;p.m., Eastern Standard Time,<BR>
on Sunday, January&nbsp;25, 2004 to be counted in the final tabulation.</B>
</FONT>

<P align="center"><FONT size="2"><B>If you vote by Internet or telephone, please do not mail your ballot.</B>
</FONT>

<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="55%">

<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2"><B>YOUR CONTROL NUMBER IS:</B></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
&nbsp;&nbsp;</FONT></TD>
</TR>
</TABLE>
</DIV>

<P align="center"><FONT size="2"><B>Ballot must be signed and dated below.<BR>
o Please fold and detach card at perforation before mailing. o</B>
</FONT>
<DIV align="center"><HR size="1" noshade width="100%"></DIV>
<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">

<TR valign="bottom">
    <TD width="47%"></TD>
    <TD width="5%"></TD>
    <TD width="47%"></TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top"><FONT size="2"><B>ACCENTURE LTD</B></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
<B>BALLOT</B></FONT></TD>
</TR>
</TABLE>
</DIV>

<DIV align="center"><HR size="1" noshade width="100%"></DIV>
<DIV align="center"><FONT size="2"><B>BALLOT FOR THE PRELIMINARY VOTE OF COMMON SHARES<BR>
SUBJECT TO THE VOTING AGREEMENT, TO BE CAST IN CONNECTION WITH THE<BR>
2004 ANNUAL GENERAL MEETING OF SHAREHOLDERS ON<BR>
FEBRUARY 5, 2004.</B>
</FONT></DIV>
<P align="left"><FONT size="2">This ballot relates to the 2004 Annual General Meeting of Shareholders of
Accenture Ltd and covers all Class&nbsp;A common shares and Class&nbsp;X common shares
beneficially owned by you and subject to that certain Voting Agreement, dated as
of April&nbsp;18, 2001, to which you are a party.
</FONT>

<P align="left"><FONT size="2">THE UNDERSIGNED HEREBY CASTS HIS OR HER VOTE IN THE PRELIMINARY VOTE OF CLASS A
COMMON SHARES AND CLASS X COMMON SHARES OF ACCENTURE LTD BENEFICIALLY OWNED BY
THE UNDERSIGNED AND SUBJECT TO THE VOTING AGREEMENT.
</FONT>

<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">

<TR valign="bottom">
    <TD width="69%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="1">&nbsp;</FONT></TD>
</TR>
<TR>
    <TD valign="top"><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="3" valign="top" align="left"><FONT size="1"><HR size="1" noshade>
Signature</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="1">
Date:</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="1">&nbsp;</FONT></TD>
</TR>
<TR>
    <TD valign="top"><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="3" valign="top" align="left"><FONT size="1">Please sign this ballot
exactly as your name
appears to the left.
Ballots should be dated
when signed.</FONT></TD>
</TR>
</TABLE>
</DIV>



<P align="center"><FONT size="2">
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<P align="center"><FONT size="2"><B>YOUR VOTE IS IMPORTANT!</B>
</FONT>

<P align="left"><FONT size="2">Please submit your ballot via the Internet or by telephone using the
instructions on the reverse side of this ballot, or mark, sign, date and return
this ballot in the enclosed reply envelope. In order for your mailed ballot to
be counted, your ballot must be received no later than January&nbsp;25, 2004. If
you submit your ballot via the Internet or by telephone, you may transmit your
voting instructions up until 11:59&nbsp;p.m., Eastern Standard Time, on January&nbsp;25,
2004.
</FONT>

<P align="center"><FONT size="2"><B>Ballot must be signed and dated on the reverse side.<BR>
&#149; Please fold and detach card at perforation before mailing. &#149;</B>
</FONT>
<DIV align="center"><HR size="1" noshade width="100%"></DIV>

<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">

<TR valign="bottom">
    <TD width="47%"></TD>
    <TD width="5%"></TD>
    <TD width="47%"></TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top"><FONT size="2"><B>ACCENTURE LTD</B></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
<B>BALLOT</B></FONT></TD>
</TR>
</TABLE>
</DIV>

<DIV align="center"><HR size="1" noshade width="100%"></DIV>

<P align="left"><FONT size="2"><B>THIS BALLOT, WHEN PROPERLY EXECUTED AND DELIVERED, WILL BE VOTED AS DIRECTED BY
THE UNDERSIGNED. IF YOU SIGN AND RETURN THIS BALLOT BUT NO DIRECTIONS ARE
GIVEN, THEN THIS BALLOT WILL BE VOTED &#147;FOR&#148; PROPOSALS 1 and 2.</B>
</FONT>

<P align="left"><FONT size="2"><B>The Board of Directors recommends that you vote FOR Proposals 1 and 2.</B>
</FONT>

<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
       <TD width="3%" nowrap align="left"><FONT size="2">1.
</FONT></TD>
 <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
 <TD><FONT size="2">Appointment of the following 4 nominees to the Board of Directors:
</FONT></TD>
</TR>
</TABLE>
<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">

<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="19%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="19%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="19%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="19%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top"><FONT size="2"><br>
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">
<br>
</FONT></TD>
    <TD nowrap valign="top"><FONT size="2">(01)<br>
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Dennis F. Hightower
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2"><br>
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">(02<br>
</FONT></TD>
    <TD nowrap valign="top"><FONT size="2">)<br>
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">William L. Kimsey
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2"><br>
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">(03<br>
</FONT></TD>
    <TD nowrap valign="top"><FONT size="2">)<br>
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Robert I. Lipp
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2"><br>
</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">(04<br>
</FONT></TD>
    <TD nowrap valign="top"><FONT size="2">)<br>
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="left" valign="top"><FONT size="2">Wulf von Schimmelmann</FONT></TD>
</TR>
</TABLE>
</DIV>

<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">

<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="44%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="44%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<FONT face="Wingdings">&#111;</FONT>
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2"><B>FOR </B>all nominees listed above
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2"><FONT face="Wingdings">&#111;</FONT>
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2"><B>WITHHOLD AUTHORITY</B></FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">(except as listed to the contrary below)
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">to vote for all nominees listed above</FONT></TD>
</TR>
</TABLE>
</DIV>

<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
       <TD width="3%" nowrap align="left"><FONT size="2">&nbsp;
</FONT></TD>
 <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
 <TD><FONT size="2"><B>To withhold authority to vote for any individual nominee, write that
nominee&#146;s name or number below:</B>
</FONT></TD>
</TR>
</TABLE>
<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
       <TD width="3%" nowrap align="left"><FONT size="2">&nbsp;
</FONT></TD>
 <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
 <TD><HR size="1" noshade width="100%"></TD>
</TR>
</TABLE>
<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
       <TD width="3%" nowrap align="left"><FONT size="2">2.
</FONT></TD>
 <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
 <TD><FONT size="2">Re-appointment of KPMG LLP as independent auditors for the 2004 fiscal
year and authorization of the Board of Directors to
determine KPMG LLP&#146;s remuneration.
</FONT></TD>
</TR>
</TABLE>
<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">

<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="39%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<FONT face="Wingdings">&#111;</FONT>
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2"><B>FOR</B>
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2"><FONT face="Wingdings">&#111;</FONT>
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2"><B>AGAINST</B>
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2"><FONT face="Wingdings">&#111;</FONT>
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2"><B>ABSTAIN</B></FONT></TD>
</TR>
</TABLE>
</DIV>

<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
       <TD width="3%" nowrap align="left"><FONT size="2">&nbsp;
</FONT></TD>
 <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
 <TD><HR size="1" noshade width="100%"></TD>
</TR>
</TABLE>
<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
       <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
       <TD width="3%" nowrap align="left"><FONT size="2"><FONT face="Wingdings">&#111;</FONT> </FONT></TD>
       <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
       <TD><FONT size="2">Please check this box if you plan to attend the Annual General Meeting.
</FONT></TD>
</TR>
</TABLE>
<P align="center"><FONT size="2"><B>IMPORTANT&#151;THIS BALLOT MUST BE SIGNED AND DATED ON THE REVERSE SIDE.</B>
</FONT>


<P align="center"><FONT size="2">
</FONT>


<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<P align="center"><hr size="1" noshade width="15%">

<P align="center"><FONT size="2"><B>NOTICE OF PRELIMINARY VOTE IN CONNECTION WITH<BR>
2004 ANNUAL GENERAL MEETING OF SHAREHOLDERS</B>
</FONT>
<P align="center"><hr size="1" noshade width="15%">

<P align="center"><FONT size="2">December&nbsp;26, 2003
</FONT>
<P align="left"><FONT size="2">In accordance with the terms of the Voting Agreement, dated as of April&nbsp;18,
2001, among Accenture Ltd and the Covered Persons (partners and former partners
who have signed the Voting Agreement), a preliminary vote concerning the
matters to be voted upon at the 2004 Annual General Meeting of Shareholders of
Accenture Ltd (the &#147;Annual Meeting&#148;) will be concluded on Sunday, January&nbsp;25,
2004.
</FONT>
<P align="left"><FONT size="2">The record date for determining the shareholders entitled to vote in the
preliminary vote, or any adjournments or postponements thereof, was the close
of business on December&nbsp;8, 2003. Additional information regarding the matters
to be acted upon at the Annual Meeting with respect to which this preliminary
vote is being conducted can be found in the accompanying proxy statement.
</FONT>
<P align="left"><FONT size="2">As an Accenture partner who signed the Voting Agreement, you are a &#147;Covered
Person&#148; and certain of your Accenture Ltd shares are &#147;Covered Shares&#148; under the
Voting Agreement. For purposes of the preliminary vote, your Covered Shares
include (1)&nbsp;any Class&nbsp;X common shares that you hold, (2)&nbsp;any Class&nbsp;A common
shares that you beneficially owned as of the record date and as of or prior to
the initial public offering of the Class&nbsp;A common shares, (3)&nbsp;any shares you
received from Accenture while you were an employee or a partner, or that you
received in connection with becoming a partner and (4)&nbsp;any Class&nbsp;A common
shares that you were required to acquire by Accenture.
</FONT>
<P align="left"><FONT size="2">As a Covered Person and a shareholder of record, you will be submitting a
ballot instead of a proxy card. You will be voting on the same matters as the
other Accenture shareholders but as a Covered Person, you will be participating
in the preliminary vote. Under the Voting Agreement, you gave an irrevocable
proxy to the partners representatives to vote your Covered Shares at the Annual
Meeting. At the Annual Meeting, the partners representatives will vote all of
your Class&nbsp;A common shares and Class&nbsp;X common shares covered by the Voting
Agreement in accordance with the results of the preliminary vote. In addition,
you authorized the partners representatives to vote on any other matters that
come before the Annual Meeting as the holders see fit in their discretion, so
long as the discretionary vote is consistent with the preliminary vote and does
not frustrate the intent of the preliminary vote.
</FONT>
<P align="left"><FONT size="2">You should note that only your Covered Shares will be voted in accordance with
the preliminary vote. If you own any shares that are not Covered Shares (such
as any Class&nbsp;A common shares that you have purchased on the open market), you
will be receiving a proxy card for those shares, and you should submit a
completed proxy in order to have those shares voted at the Annual Meeting.
</FONT>
<P align="left"><FONT size="2">You may submit your vote by Internet at or by telephone at the number
indicated on the ballot, until 11:59&nbsp;p.m., Eastern Standard Time, on January
25, 2004, or you may mail your ballot, which must be received by January&nbsp;25,
2004.
</FONT>
<P align="center"><FONT size="2"><B>PLEASE SUBMIT YOUR VOTE BY JANUARY 25, 2004</B>
</FONT>


<P align="center"><FONT size="2"></FONT>




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`
end

</TEXT>
</DOCUMENT>
</SUBMISSION>
