ELDERS LIMITED — Director's Dealing 2013

May 2, 2013

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	27 March 2013

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 relevantinterest.	N/A
Date of change	24 April 2013

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

	Appendix 3YChange of Director’s Interest Notice	Appendix 3YChange of Director’s Interest Notice	Appendix 3YChange of Director’s Interest Notice	Appendix 3YChange of Director’s Interest Notice
	No. of securities held prior to change				253,508Ordinaryfullypaidsharescomprising:1. (Indirect)183,834 shares held in the JackmanFamily Superannuation Fund A/C;2. (Direct)22,340 shares held by CPU SharePlans Pty Ltd (as Plan Trustee1) forMalcolm Jackman; and3. (No relevant interest)47,334 held by Kristen Jackmanwhere Malcolm Jackman has norelevant interest.1,000 Hybrid convertible unsecured notes.
	Class				Ordinary fully paid
	Number acquired				4,961 ordinary shares acquired on behalfof Malcolm Jackman by the Plan Trustee1
	Number disposed				Nil
	Value/Conf	siderationd				67
			, provide details and	estimated	$416.
	Note: I con	ieration is non‐cas
	valuation
	N f	ii hld f	h
	o. o sec	urtes e ater	ange		258,4comp	69Ordinaryrising:	fullypaid	shares
					4	di
					.	(Inrect)183,834 shar	es held in the	Jackman
						Family Super	annuation Fund	A/C;
					5.	(Direct)
						27301 h	hld b CP	U Share 1
						, sarPlans Pty Lt	s e yd (as Plan Tru
								stee) for
						Malcolm Jac	kman; and
					6.	(No relevant	interest)
								Jk
						47334 hld	b Kit
						, ewhere Malc	y rsenolm Jackman	acmanhas no
						relevant inter	est.
					1,000	Hybrid convert	ible unsecured	notes.
	Nature of	change
	Example: onissue of securk	‐market trade, off‐maities under dividend re	rket trade, exercise oinvestment plan, parti	f options,cipation in	(DO	irect)n market purc	hase
	buy‐bac

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	N/A
(if issued securities)
Date of change	N/A
No. and class of securities to which	N/A
interest related prior to change
Note: Details are only required for a contract in
relation to which the interest has changed
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration	N/A
Note: If consideration is non‐cash, provide details
and an estimated valuation
Interest after change	N/A

Part 3 –[+] Closed period

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

Peter Hastings Company Secretary 3 May 2013

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3