ELDERS LIMITED — Major Shareholding Notification 2007

Oct 11, 2007

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To: Futuris Corporation Limited ACN: 004 336 636 ASX Code: FCL

1. Details of substantial holder

Name: IOOF Holdings Limited ACN: ACN 100 103 722

This notice is given by IOOF Holdings Limited on behalf of itself and its subsidiaries.

There was a change in the interest of the substantial holder on: The previous notice was given to the company on: The previous notice was dated:

11 October 2007 2 August 2007 1 August 2007

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate had a relevant interest in when last required and when now required to give a substantial holding notice to the company or scheme, are as follows:

Class of securities Ordinary	Previous notice	Previous notice	Present notice	Present notice
	Person's votes	Voting Power	Person's votes	Voting Power
	39,148,093	5.346%	46,988,111	6.386%

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3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date	Person	Nature	Consideration	Class & number **(ord) **	Person's votes
2/08/2007	Perennial Value Management Limited (ACN090 879 904)	Purchased on market	$ 4,182,537.91	1,794,613	1,794,613
6/08/2007	Perennial Value Management Limited (ACN090 879 904)	Purchased on market	$ 351,153.06	152,848	152,848
7/08/2007	Perennial Value Management Limited (ACN090 879 904)	Purchasedon market	$ 76,242.16	32,272	32,272
8/08/2007	Perennial Value Management Limited (ACN 090 879 904)	Purchased on market	$ 439.15	184	184
9/08/2007	Perennial Value ManagementLimited (ACN090 879 904)	Purchased on market	$-	-	-
10/08/2007	Perennial Value Management Limited (ACN090 879 904)	Purchased on market	$ 5,652.81	2,360	2,360
14/08/2007	Perennial Value Management Limited (ACN 090 879 904)	Purchased on market	$ 1,382,340.52	564,933	564,933
15/08/2007	Perennial Value Management Limited (ACN090 879 904)	Purchased on market	$ 2,304.51	989	989
16/08/2007	Perennial Value Management Limited (ACN090 879 904)	Sold on market	-$ 360,510.05	- 158,815	- 158,815
17/08/2007	Perennial Value Management Limited (ACN 090 879 904)	Purchased on market	$ 4,197.21	1,837	1,837
22/08/2007	Perennial Value Management Limited (ACN090 879 904)	Purchased on market	$ 1,617.58	708	708
23/08/2007	Perennial Value Management Limited (ACN090 879 904)	Purchased on market	$ 649,849.60	275,360	275,360
24/08/2007	Perennial Value Management Limited (ACN 090 879 904)	Sold on market	-$ 333,840.15	- 139,734	- 139,734
29/08/2007	Perennial Value Management Limited (ACN090 879 904)	Purchased on market	$ 23,528.45	9,782	9,782
31/08/2007	Perennial Value Management Limited (ACN090 879 904)	Purchased on market	$ 5,365.07	2,203	2,203

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5/09/2007	Perennial Value Management Limited (ACN 090 879 904)	Purchased on market	$ 341,229.95	135,408	135,408
10/09/2007	Perennial Value Management Limited (ACN 090 879 904)	Sold on market	-$ 13,096.18	- 5,609	- 5,609
14/09/2007	Perennial Value Management Limited (ACN090 879 904)	Purchased on market	$ 1,121.06	476	476
19/09/2007	Perennial Value Management Limited (ACN090 879 904)	Purchased on market	$ 111.31	45	45
20/09/2007	Perennial Value Management Limited (ACN090 879 904)	Sold on market	-$ 4,885.65	- 2,115	- 2,115
21/09/2007	Perennial Value Management Limited (ACN 090 879 904)	Purchased on market	$ 3,313.27	1,450	1,450
25/09/2007	Perennial Value Management Limited (ACN090 879 904)	Purchased on market	$ 149,794.40	66,437	66,437
26/09/2007	Perennial Value Management Limited (ACN090 879 904)	Purchased on market	$ 990.02	441	441
28/09/2007	Perennial Value Management Limited (ACN 090 879 904)	Purchased on market	$ 493.68	227	227
1/10/2007	Perennial Value Management Limited (ACN090 879 904)	Sold on market	-$ 23,481.25	- 10,970	- 10,970
3/10/2007	Perennial Value Management Limited (ACN090 879 904)	Sold on market	-$ 2,154.13	- 1,048	- 1,048
4/10/2007	Perennial Value Management Limited (ACN 090 879 904)	Sold on market	-$ 2,709.63	- 1,309	- 1,309
5/10/2007	Perennial Value Management Limited (ACN090 879 904)	Sold on market	-$ 445.92	- 218	- 218
8/10/2007	Perennial Value Management Limited (ACN090 879 904)	Purchased on market	$ 429,651.68	202,540	202,540
9/10/2007	Perennial Value Management Limited (ACN 090 879 904)	Purchased on market	$ 217,685.78	107,706	107,706
10/10/2007	Perennial Value Management Limited (ACN090 879 904)	Purchased on market	$ 3,638,079.16	1,807,017	1,807,017
11/10/2007	Perennial Value Management Limited (ACN090 879 904)	Purchased on market	$ 6,052,736.52	3,000,000	3,000,000

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4. Present Relevant Interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

are as follows:
Holder	Registered holder of securities	Person Entitled to be holder	Nature of relevant interest	Class & Number (Ord)	Person's votes
Perennial Value Management Limited (ACN 090 879 904)	Westpac Custodian Nominees		Investment Manager	1,488,440	1,488,440
Perennial Value Management Limited (ACN 090 879 904)	State Street		Investment Manager	4,485,492	4,485,492
Perennial Value Management Limited (ACN 090 879 904)	NAB Custodian Services		Investment Manager	19,915,183	19,915,183
Perennial Value Management Limited (ACN 090 879 904)	JP Morgan		Investment Manager	11,658,487	11,658,487
Perennial Value Management Limited (ACN 090 879 904)	JB WERE		Investment Manager	212,579	212,579
Perennial Value Management Limited (ACN 090 879 904)	Citigroup		Investment Manager	6,363,369	6,363,369
Perennial Value Management Limited (ACN 090 879 904)	BNP		Investment Manager	2,794,945	2,794,945
Perennial Value Management Limited (ACN 090 879 904)	ASGARD		Investment Manager	47,221	47,221
Michael Crivelli	Perpetual Trustee		IOOF Holdings Associate	20,000	20,000
IOOF Investment Management Limited (ACN 006 695 021)	IOOF Investment Management Limited (ACN 006 695 021)		Investment Manager	2,395	2,395

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5. Changes in association

The persons who have become associates of, ceased to be associates of, or have changed the nature of their association with, the substantial holder in relation to voting interests in the company or scheme are as follows:

company or scheme are as follows:
**Name & ACN **	Nature of association
Michael Crivelli IOOF Holdings Associate (IOOF Holdings Limited ACN 100 103 722)	Date of Acquisition:6 October 2004 Consideration: $19,295.78 Class & Number (ord): 10,000 Person’s Votes: 10,000 Date of Acquisition:27 April 2005 Consideration: $20,175.60 Class & Number (ord): 10,000 Person’s Votes:10,000

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
IOOF Holdings Limited	Level 29, 303 Collins Street Melbourne Victoria 3000
IOOF Investment Management Limited	Level 29, 303 Collins Street Melbourne Victoria 3000
Perennial Value Management Limited	Level 29, 303 Collins Street Melbourne Victoria 3000
Michael Crivelli	C/OLevel 29, 303 Collins Street Melbourne Victoria 3000