ELDERS LIMITED — Earnings Release 2008

Jul 30, 2008

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31 July 2008

Company Announcements Australian Securities Exchange

Elders Rural Bank Profit 2007/08

Please find attached a media announcement from Elders Rural Bank Limited (ERB), a 50/50 joint venture between Futuris Corporation Limited and Bendigo Bank Limited, in relation to ERB’s full year profit announcement.

Ross Mallett Company Secretary

Futuris Corporation Limited • ABN 34 004 336 636 Level 9, 121 King William Street, Adelaide SA 5000 GPO Box 551, Adelaide SA 5001 Telephone: (08) 8425 4999 • Facsimile: (08) 8410 1597

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Media Release

31 July 2008

Full Year Profit Announcement

Elders Rural Bank, a joint venture between Futuris Corporation Limited and Bendigo and Adelaide Bank Limited, has posted a Net Profit after Tax of $41.1 million for the year ended 30 June 2008. The result represents a 14% increase on the prior year’s profit of $36.0 million.

Chief Executive Officer Paul Hutchinson attributed the profit increase to the strength of the Bank’s business model with strong retail deposit growth being the highlight during the period.

Loans under management at 30 June of $3.626 billion were 12% higher than last year’s figure of $3.227 billion. Total deposits rose by 15% to $3.729 billion compared with $3.231 billion in the prior year.

Mr Hutchinson said the business had performed strongly during a period which had been challenging for many financial institutions due to the credit crunch.

“The strength of the Bank’s business model has been highlighted during tight credit market conditions. ERB’s funding comprises over 90% in retail deposits and during the last financial year, retail deposit growth has been 19%. This demonstrates the ongoing confidence in our organisation and the quality of our investment products.”

Elders Rural Bank’s proximity to its customer base and deep knowledge of the rural sector has again generated a very strong credit performance.

Elders Rural Bank’s ratio of net non-performing loans to gross loans under management improved to 0.33% (2007: 0.36%).

“Our strong linkages and understanding of the rural sector coupled with the strength of relationship we have with our customer base heightens our ability to manage credit risk. ERB’s loan book has strong geographic diversification and the Bank also applies a sophisticated approach to industry sector concentration. The most dominant sectors, namely cereals and livestock, have performed well over a long period of time,” Mr Hutchinson said.

Mr Hutchinson noted that the seasonal outlook for its customers appeared positive.

“Strong commodity prices coupled with a more favourable outlook with respect to rainfall should assist many of our customers over the next few months,” Mr Hutchinson said.

Elders Rural Bank has continued to develop its product and service capacity throughout the year.

“New initiatives have included the development of a ‘Stock Rebuilder’ loan to coincide with restocking programs as well as additional deposit products. Further development of payment

mechanisms is scheduled to be developed to better meet the needs of customer operating cycles,” Mr Hutchinson said.

Elders Rural Bank continued to be recognised in the market for offering outstanding financial products. Money magazine awarded ERB a Best of the Best Award to the Everyday Account in the e-Transaction Account category and Cannex awarded the ERBonline Savings Account a five star rating during the year. Mr Hutchinson said the awards recognised the superior returns and functionality of the Bank’s products.

Mr Hutchinson thanked the staff of Elders Rural Bank and its shareholders for their ongoing commitment and support.

Ends

For more information please contact:

Paul Hutchinson Managing Director Direct 08 8425 4605 Mobile 0428 779 677

Steven Laidlaw Chief Financial Officer Direct 08 8425 4824 Mobile 0403 209 105