ELDERS LIMITED — Major Shareholding Notification 2008

Apr 30, 2008

Form 604

Corporations Law Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	Futuris Corporation Limited
ACN/ARSN
1. Details of substantial holder
Name	M&G Investment Management Limited
	M&G Investment Funds (1)
	M&G Limited
	M&G Group Limited
	Prudential plc
ACN/ARSN (if applicable)
There was a change in the interests	28 April 2008
of the substantial holder on
The previous notice was given to the	28 March 2008
company on
The previous notice was dated	28 March 2008

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(2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

	Date of change	Person whose relevant interest changed	Person whose relevant interest changed	Nature of change (6)	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person’s votes affected	Person’s votes affected
		M&G Investment Funds (1) M&G Investment Funds (3) M&G Investment Management Limited M&G Limited M&G Group Limited Prudential plc
				PLEASE SEE ANNEX 1 (Below)
Holder of relevant interest			Registered holder of securities		Person entitled to be registered as holder		Nature of relevant interest		Class and number of securities
M&G Investment Funds (3) M&G Investment Management Limited M&G Limited M&G Group Limited Prudentialplc			Nortrust Noms Ltd A/C MKK01		Nortrust Noms Ltd A/C MKK01		Power to exercise or control the exercise of, a right to vote attached to the securities. Power to dispose of, or control the exercise of a power to		26,225,031
M&G Investment Funds (1) M&G Investment Management Limited M&G Limited M&G Group Limited Prudentialplc			Nortrust Noms Ltd A/C MEJ01		Nortrust Noms Ltd A/C MEJ01				40,159,670
M&G Investment Funds (1) M&G Investment Management Limited M&G Limited M&G Group Limited Prudentialplc			Nortrust Noms Ltd A/C MEQ01		Nortrust Noms Ltd A/C MEQ01		dispose of, the securities.		4,850,000

Freehills Melbourne ASIC00603\003811236

133,499

M&G Investment PRUCLT HSBC GIS PRUCLT HSBC GIS
Management Limited, NOM(UK) PPL AC NOM(UK) PPL AC
M&G Limited,
M&G Group Limited,
Prudential plc

5. Changes in association The persons who have been associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and CAN/ARSN (if applicable)	Name and CAN/ARSN (if applicable)		Nature of association
6. Addresses
The addresses of persons named in this	form are as follows:
Name			Address
M&G Investment Funds(1)			Laurence Pountney Hill, London	EC4R 0HH, England
M&G Investment Funds(3)			Laurence Pountney Hill, London	EC4R 0HH, England
M&G Investment Management			Laurence Pountney Hill, London	EC4R 0HH, England
Limited
M&G Limited			Laurence Pountney Hill, London	EC4R 0HH, England
M&G Group Limited			Laurence Pountney Hill, London	EC4R 0HH, England
Prudential plc			Laurence Pountney Hill, London	EC4R 0HH, England
Nortrust Nominees			The Northern Trust Company, 50	Bank Street, Canary
			Wharf, London E14 5NQ, England
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Signature
print name	Emma Thompson			capacityNotifiables Administrator
sign here	Emma Thompson			date30 April 2008

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Annex 1: Transactions 27 March 2008 to 28 April 2008

Holder of relevant interest	Date of acquisition	Consideration (9)	Consideration (9)	Class and number of securities
		Cash	Non-cash	Ord NPV
M&G Investment Funds (3) M&G Investment Management Limited M&G Limited M&G Group Limited Nortrust Noms Ltd A/C MKK01 – REC	11-APR-08 14-APR-08 15-APR-08	1,041,578 617,337 541,577		580,531 350,000 294,500
M&G Investment Funds (1) M&G Investment Management Limited M&G Limited M&G Group Limited Prudential plc Nortrust Noms Ltd A/C MEQ01 – FARE	18-APR-08	1,241,769		650,000
M&G Investment Management Limited, M&G Limited, M&G Group Limited, Prudential plc PRUCLT HSBC GIS NOM(UK) PPL AC	24-APR-08	8,536		4,320
M&G Investment Funds (3) M&G Investment Management Limited M&G Limited M&G Group Limited Nortrust Noms Ltd A/C MEJ01 – AUST	08-APR-08 09-APR-08 11-APR-08 14-APR-08 15-APR-08 16-APR-08 17-APR-08 28-APR-08 29-APR-08	1,657,416 2,141,545 1,041,576 617,337 541,577 857,215 602,484 2,413,219 1,788,431		872,926 1,127,074 580,530 350,000 294,500 457,000 317,970 1,159,670 840,330

Freehills Melbourne ASIC00603\003811236