ELDERS LIMITED — Capital/Financing Update 2018

Jul 9, 2018

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10 July 2018

Press Speculation regarding PGG Wrightson

Elders (ASX:ELD) notes the article appearing in The Australian today titled “Elders set for $300m raising as it circles PGG Wrightson”.

Elders has not made any definitive proposal to acquire PGG Wrightson.

Elders evaluates all possible opportunities against a range of factors and will only pursue acquisitions that make compelling strategic and financial sense for our shareholders.

Elders will update the ASX in due course if appropriate to do so.

Further Comment:

Mark Allison Chief Executive Officer 0439 030 905

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