ELDERS LIMITED — Capital/Financing Update 2012

Dec 16, 2012

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17 December 2012

APT Projects Ltd Agreement

Elders Limited (ASX:ELD) announces that its wholly owned subsidiary, APT Projects Ltd (APT), has today entered into an agreement to sell 30,000 hectares of pulpwood standing timber plantations.

The standing timber is owned by MIS investors in schemes of which APT is the responsible entity. Elders is not selling any of its own assets, however it will derive a fee pursuant to the constituent documents of the relevant schemes. The fee is not material to Elders’ financial position.

The transaction is conditional upon judicial and other approvals and is expected to settle in the first calendar quarter of 2013.

Further comment: Malcolm Jackman 0439 642 876 Chief Executive Officer Further information for MIS growers: Investor services 1800 999 190

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