ELDERS LIMITED — Capital/Financing Update 2016

Jun 14, 2016

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MARKET RELEASE

15 June 2016

Elders Limited

TRADING HALT

The securities of Elders Limited (the “Company”) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Friday, 17 June 2016 or when the announcement is released to the market.

Security Code: ELD

Ivan Tatkovich

ADVISER, LISTINGS COMPLIANCE

20 Bridge Street www.asx.com.au Sydney NSW 2000 Customer service 13 12 79

ASX Compliance Pty Limited ABN 26 087 780 489

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15 June 2016

Mr Ivan Tatkovich Advisor, Listings Compliance (Sydney Interstate)

By e-mail to: ivan.tatkovich@asx.com.au; and tradinghaltssydney@asx.com.au

Dear Mr Tatkovich,

Trading Halt Request

Elders Limited ( Elders ) (ASX: ELD) requests a trading halt in both its fully paid ordinary shares (ASX:ELD) and its hybrid securities (ASX: ELDPA), effective immediately.

Pursuant to Listing Rule 17.1, Elders provides the following information:

• (a) Elders proposes to announce both a capital raising, an element of which it is currently undertaking a bookbuild for, and an on-market offer by one of its controlled entities to purchase its hybrid securities;

• (b) Elders requests that the trading halt continue until the commencement of trading on Friday 17 June 2016, at which time it proposes to make an announcement about the above matters, unless before that time Elders requests that the trading halt be lifted; and

• (c) Elders is not aware of any reason why the trading halt should not be granted.

Yours faithfully,

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Peter Hastings Company Secretary

Elders Limited ABN 34 004 336 636 Registered office: Level 10, 80 Grenfell Street, Adelaide, South Australia 5000. Postal Address: GPO Box 551, Adelaide, South Australia 5001. Telephone: (08) 8425 4000 Facsimile: (08) 8410 1597