ELDERS LIMITED — Capital/Financing Update 2008

Aug 31, 2008

==> picture [567 x 72] intentionally omitted <==

1 September 2008

Company Announcements Australian Securities Exchange

Futuris Corporation Limited – Section 708A(5)(e) Notice – Sale of Amcom Shares without a Disclosure Document

Futuris Corporation Limited (ASX: FCL) ( Futuris ), the controlling shareholder of Amcom Telecommunications Limited (ASX: AMM) ( Amcom ) today announced that, through its wholly owned subsidiary Vickner Pty Limited, it has sold 170 million fully paid ordinary shares in Amcom to professional and sophisticated investors under a bookbuild process managed by Euroz Securities Limited.

In accordance with section 708A(5)(e) of the Corporations Act 2001 (Cth) (the Act ) (as modified by Australian Securities and Investments Commission ( ASIC Class Order 08/25), Futuris advises as follows:

• (a) this notice is being given under paragraph 708A(5)(e) of the Act (as modified by the ASIC relief referred to above);

• (b) Futuris sold 170 million fully paid ordinary shares in Amcom as described above without disclosure to investors under Part 6D.2 of the Act;

• (c) as at the date of this notice, Amcom has complied with the provisions of Chapter 2M of the Act as they apply to Amcom;

• (d) as at the date of this notice, Amcom has complied with section 674 of the Act; and

• (e) all information of the kind that would be required to be disclosed to the market for the purpose of section 708A(6)(e) of the Act has been disclosed to ASX Limited.

Ross Mallett Company Secretary

Futuris Corporation Limited • ABN 34 004 336 636 Level 9, 121 King William Street, Adelaide SA 5000 GPO Box 551, Adelaide SA 5001 Telephone: (08) 8425 4999 • Facsimile: (08) 8410 1597