ELDERS LIMITED — Capital/Financing Update 2007

Sep 9, 2007

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10 September 2007

Company Announcements Office Australian Stock Exchange

OPEL joint venture signs network funding deed

OPEL joint venture signs network funding deed

Futuris announce that the OPEL Networks (OPEL) joint venture, has signed the funding agreement with the Australian Government for the OPEL rural and regional wholesale broadband network.

As announced to the ASX on 18 June 2007, OPEL has been selected for Australian Government funding of $958 million to build the network (being $600 million under the Broadband Connect program, supplemented by a further $358 million in further funding).

OPEL will be eligible to be paid the agreed funding once certain specified conditions are satisfied, including Australian Government approval of commercial agreements between Elders and Optus and satisfactory completion of further network planning.

OPEL is a 50:50 joint venture between Optus Networks Pty Limited (Optus – a wholly owned subsidiary of SingTel) and Elders (a wholly owned subsidiary of Futuris).

S Furey Company Secretary

Further comment: Les Wozniczka 08 8425 4999 Chief Executive Officer

For more information: Don Murchland 08 8425 4999 Investor Relations Manager

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Level 6, 27 Currie Street, Adelaide, SA 5000 GPO Box 551 Adelaide SA 5001 Telephone: (08) 8425 4999 Facsimile: (08) 8410 1597 Futuris Corporation Limited A.B.N. 34 004 336 636