ELDERS LIMITED — Director's Dealing 2022

Nov 17, 2022

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	Mark Charles Allison
Date of last notice	23 December 2021

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 bedisclosed in thispart.	Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should bedisclosed in thispart.
Direct or indirect interest	i) Directii) Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	i) Direct – held by Mark Charles Allisonii) Indirect – held by Certain Ct Pty Ltd
Date of change	15 November 2022
No. of securities held prior to change	i)a. 369,400 unvested performance rightsb. 955,293 ordinary fully paid sharesii) 33,453 ordinary fully paid shares
Class	i)a. unvested performance rightsb. ordinary fully paid sharesii) ordinary fully paid shares
Number acquired	i) a. N/Ab. 16,727 ordinary fully paid sharesii) N/A

• See chapter 19 for defined terms.

01/01/2011

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Appendix 3Y Change of Director’s Interest Notice

Number disposed	None
Value/Consideration	At the time of allocation to Mr Allison, the
Note: If consideration is non-cash, provide details and estimatedvaluation	value of the 16,727 shares that are the
	subject of this Appendix 3Y was calculated
	using the 5-day VWAP up to and including
	30 September 2021, which was $12.062
	pershare.
No. of securities held after change	i)
	a.369,400 unvested performance rights
	b.972,020 ordinary fully paid shares
	ii) 16,726 ordinary fully paid shares
Nature of change	Restrictionson16,727FPOshares
Example: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	previouslyallocatedtoMrAllisonpursuant to Elders FY21 short-term
	incentive plan have been released. These
	shares arenowheld directly byMr Allison.

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

Interest after change N/A

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow thetrade to proceed during this period?	N/A
If prior written clearance was provided, on what date wasthis provided?	N/A

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3