ELDERS LIMITED — M&A Activity 2013

Jun 17, 2013

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18 June 2013

ASX Release - Market Update

Ruralco Holdings Limited (Ruralco) notes the announcement released today by Elders Limited (Elders).

Ruralco has applied a disciplined approach to its evaluation of Elders Rural Services (ERS) and is only willing to pursue a transaction that is value accretive for Ruralco shareholders. Ruralco submitted a fully funded offer to Elders to acquire the ERS business late last week. The offer had already received clearance from the Australian Competition and Consumer Commission. Ruralco’s offer for ERS was today rejected by the Elders Board.

Ruralco confirms that it has today contacted the Elders Board and formally withdrawn its offer to acquire ERS, voiding the offer and any associated funding.

Ruralco will continue to execute on its strategy of broadening the company’s operating platform and expanding its geographical presence, a strategy that has delivered financial and footprint growth for Ruralco over the past 5 years.

Further information:

John Maher Managing Director 0418 687 016

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