ELDERS LIMITED — Director's Dealing 2012

Oct 4, 2012

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 30/09/01 Amended 01/01/11

Name of entity Elders Limited 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	MALCOLM GEOFFREY JACKMAN
Date of last notice	17 November 2011

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	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	N/A
Date of change	(Direct)  24 July 2012;  22 August 2012; and  24 September 2012
No. of securities held prior to change	231,168 Ordinary fully paid shares comprising: 1. (Indirect) 183,834 shares held in the Jackman Family Superannuation Fund A/C; 2. (No relevant interest) 47,334 held by Kristen Jackman where Malcolm Jackman has no relevant interest. 1,000 Hybrid convertible unsecured notes.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notic

Appendix 3Y Change of Director’s Interest Notic
Class		Ordinary fully paid
Number acquired		4,842 ordinary shares acquired on behalf of Malcolm Jackman by the Plan Trustee1 accordingly: Date Number of shares 24/7/12 1,811 22/8/12 1,488 24/9/12 1,543
		Date	Number of shares
		24/7/12	1,811
		22/8/12	1,488
		24/9/12	1,543
Number disposed		Nil
Value/Consideration Note: If consideration is non‐cash, provide details and estimated valuation		$1,250
No. of securities held after change		236,010 Ordinary fully paid shares comprising: 1. (Indirect) 183,834 shares held in the Jackman Family Superannuation Fund A/C; 2. (Direct) 4,842 shares held by CPU Share Plans Pty Ltd (as Plan Trustee1) for Malcolm Jackman; and 3. (No relevant interest) 47,334 held by Kristen Jackman where Malcolm Jackman has no relevant interest. 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		(Direct) On market purchase

1 CPU Share Plans Pty Ltd as Plan Trustee of the Elders Deferred Employee Share Plan

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
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	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non‐cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

Peter Hastings Company Secretary 5 October 2012

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3