ELDERS LIMITED — Major Shareholding Notification 2008

Dec 23, 2008

605 15 July 2001

Form 605

Corporations Act 2001 671B

Notice of ceasing to be a substantial shareholder

To: Company name: Webster Limited

ACN/ARSN: 062 046 217

1. Details of substantial holder(1)

Name FUTURIS CORPORATION LIMITED

ACN/ARSN 004 336 636

The holder ceased to be a substantial shareholder on 19/12/08

The previous notices was given to the company on 30/05/2008 The previous notice was dated 30/05/2008

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, relevant interests (2) of the substantial holder or an associate (3) in voting shares 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 of change	Person whose	Nature of change (4)	Consideration given	Class (6) and	Person’s votes
	relevant interest		in relation to change	number of shares	affected
	changed		(5)	affected
19/12/2008	Futuris	Sale of Shares	$13,051,413	21,752,355	21,752,355
	Corporation Ltd

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN

Nature of Association

Not applicable

1. Addresses

The addresses of persons named in this form are:

Name

Address

Futuris Corporation Limited

Level 9, 121 King William Street, Adelaide SA 5000

Signature

print name: Sonya Catherine Furey

capacity: Company Secretary

Sign here:

Date: 24 December 2008

form605