ELDERS LIMITED — Capital/Financing Update 2022

Nov 10, 2022

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Friday 11 November 2022

Elders Refinances Receivables Facility

• Increase in committed facility limit to a maximum of $300m

• Maturity date extended to 31 December 2024

• Retention of Rabobank as financier

Elders Limited (ASX:ELD) announces that it has refinanced its receivables finance facility with Rabobank to:

1. extend the maturity date by an additional 12 months to 31 December 2024; and

2. increase the facility limit from $225 million to $300 million to accommodate significant growth over the past 12 months in Elders’ Retail Products business and the receivables associated with that growth.

Details of continuing and refinanced facilities are included in the Annexure.

Further Information:

Mark Allison, Managing Director & Chief Executive Officer, 0439 030 905

Media Enquiries:

Meagan Burbidge, Senior Communications Specialist, 0417 841 092

Authorised by:

Mark Allison, Chief Executive Officer and Managing Director

Elders Limited ABN 34 004 336 636. Registered Office: Level 10, 80 Grenfell Street, Adelaide SA Australia 5000

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Annexure

Outline of Elders’ Funding Facilities

Funding Facility Structure	Funding Facility Structure
Syndicated Facilities	Limit	Maturity	Note
Multi-option Facility A (Committed)	$180m	Sep 2024
Seasonal Facility (Committed Oct-Mar)	$40m	Sep 2023
Accordion (uncommitted)	$50m	Sep 2024
Sub-total	$270m
Receivables Facility	$300m	Dec 2024	1
Livestock / Feed inventory (Committed)	$20m	Mar 2023
Overdraft (Committed)	$10m	Mar 2023
Sub-total	$330m
Total Maximum Committed Facilities	$550m
Total Facilities	$600m

Notes

1. This announcement is limited to this facility.

Elders Limited ABN 34 004 336 636. Registered Office: Level 10, 80 Grenfell Street, Adelaide SA Australia 5000