ELDERS LIMITED — Director's Dealing 2009

Sep 10, 2009

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity	ELDERSLIMITED
ABN	34 004 336 636

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director Date of last notice

MALCOLM GEOFFREY JACKMAN 19 February 2009

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Shares legally owned by Jackman Family Superannuation Fund and beneficially owned by Malcolm Jackman under s.608 of the Corporations Act.
Date of change	11 September 2009
No. of securities held prior to change	30,000 Ordinary Shares legally owned by Jackman Family Superannuation Fund and beneficially owned by Malcolm Jackman under s.608 of the Corporations Act. 100,000 Ordinary Shares legally owned by Kristen Jackman in which Malcolm Jackman has a relevant interest under s.608 of the Corporations Act.
Class	Hybrid convertible unsecured notes

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Number acquired	1,000
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$50.90 per hybrid
No. of securities held after change	130,000 Ordinary fully paid shares 1,000 Hybrid convertible unsecured notes
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On market purchase

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	Nil
Nature of interest	Not applicable
Name of registered holder (if issued securities)	Not applicable
Date of change	Not applicable
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	Not applicable
Interest after change	Not applicable

R Mallett Company Secretary 11 September 2009

• See chapter 19 for defined terms.

16/04/04

Appendix 3Y Page 2