ELDERS LIMITED — Capital/Financing Update 2022

May 31, 2022

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1 June 2022

Completion of StockCo Equity Disposal

Further to its announcement on 1 April 2022, Elders Limited ( Elders ) ( ASX: ELD ) advises that it completed the disposal of its 30% equity stake in StockCo Holdings 2 Pty Ltd ( StockCo Australia ) to Heartland Group Holdings Limited ( ASX: HGH ) on 31 May 2022.

As noted in the 1 April 2022 announcement, the ongoing implications to its profit and loss from the sale on an on-going basis are immaterial. Elders will book a non-underlying profit on sale of approximately $20m to $22m pending finalisation of its sale proceeds and costs.

Further Information:

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

Authorised by:

Mark Allison, Managing Director and Chief Executive Officer

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