ELDERS LIMITED — Director's Dealing 2010

Apr 8, 2010

Appendix 3Z Final Director’s Interest Notice

Rule 3.19A.3

Appendix 3Z

Final 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 ELDERS LIMITED ABN 34 004 336 636

We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of director GRAHAM DOUGLAS WALTERS Date of last notice 9/11/2009 Date that director ceased to be director 31/03/2010

Part 1 – Director’s relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

NIL

• See chapter 19 for defined terms.

Appendix 3Z Page 1

11/3/2002

Appendix 3Z Final Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

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.

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

Name of holder & nature of interestNote: Provide details of the circumstances giving rise tothe relevant interestShares held by Zaru Pty Ltd asTrustee for the G D Walters FamilyTrust in which Mr Walters has arelevant interest	Number & class of securities29,434 Ordinary Shares

Part 3 – Director’s interests in contracts

Detail of contract	NIL
Nature of interest
Name of registered holder(if issued securities)
No. and class of securities towhich interest relates

Peter Hastings Company Secretary 9 April 2010

• See chapter 19 for defined terms.

Appendix 3Z Page 2

11/3/2002