ELDERS LIMITED — Capital/Financing Update 2008

Aug 31, 2008

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1 September 2008

Company Announcements Office Australian Securities Exchange Limited

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

Amcom Telecommunications Ltd ( Company ) today announced that its controlling shareholder Futuris Corporation Limited ( Futuris ), through its wholly owned subsidiary Vickner Pty Limited, has sold 170,000,000 fully paid ordinary shares in the Company 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), the Company 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 170,000,000 fully paid ordinary shares in the Company as described above without disclosure to investors under Part 6D.2 of the Act;

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

• (d) as at the date of this notice, the Company 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.

David Hinton Company Secretary

Amcom Telecommunications Ltd Level 18, 44 St Georges Terrace, Perth WA 6000 � Phone: 08 9244 6000 � Fax: 08 9202 1333 ABN: 20 062 046 217 amcom.com.au