ELDERS LIMITED — Director's Dealing 2010

Jan 3, 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 Date of last notice Date that director ceased to be director

JAMES CHARLES FOX 9/11/2009 18/12/2009

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

11,765 Ordinary Shares

• 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

148,334	Ordinary Shares	Held by Penashe Holdings Pty Ltd and
		beneficially owned by James Charles Fox.

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 to which
interest relates

Ross Mallett Company Secretary

4 January 2010

• See chapter 19 for defined terms.

Appendix 3Z Page 2

11/3/2002