ELDERS LIMITED — Capital/Financing Update 2011

Jun 5, 2011

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6 June 2011

Woodchip Price Negotiation

 Benchmark price maintained

Elders (ASX:ELD) advises that negotiations for the calendar year 2011 benchmark price for certified Australian plantation grown Tasmanian Bluegum woodchip for export to Japan have concluded with the agreement that existing prices would be maintained.

The negotiations secured maintenance of the existing price of $207.40 free on board (FOB) per bone dry metric tonne (BDMT), for environmentally certified plantation grown Tasmanian Bluegum exported from Australia. The price is applicable for sales from 1 January 2011 to 31 December 2011 during which Elders Forestry is contracted to supply woodchips to its contracted end users.

Further Comment:

Malcolm Jackman Chief Executive Officer 0439 642 876

Further information:

Don Murchland General Manager Investor & Corporate Relations Manager 0439 300 932

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