ELDERS LIMITED — Major Shareholding Notification 2008

Apr 13, 2008

Form 603

Corporations Law

Section 671B

Notice of initial substantial holder

To Company
Name/Scheme Futuris Corporation Limited
ACN/ARSN 004 336 636
1. Details of substantial holder (1)
Name SCHRODER INVESTMENT MANAGEMENT AUSTRALIA LIMITED
ACN / ARSN (if
applicable) 000 443 274
The holder became a substantial holder on 09/04/2008
2. Details of 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 on the date	the substantial holder became a substantial holder are as follows:
Class of securities (4) Number of securities	Persons’ votes (5)	Voting power (6)
Ordinary Shares 40,062,837	40,062,837	5.13%
3. Details of relevant interests
The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the
substantial holder became a substantial holder are as follows:

To Company Name/Scheme Futuris Corporation Limited ACN/ARSN 004 336 636 1. Details of substantial holder (1) Name SCHRODER INVESTMENT MANAGEMENT AUSTRALIA LIMITED ACN / ARSN (if applicable) 000 443 274 The holder became a substantial holder on 09/04/2008 2. Details of voting power	To Company Name/Scheme Futuris Corporation Limited ACN/ARSN 004 336 636 1. Details of substantial holder (1) Name SCHRODER INVESTMENT MANAGEMENT AUSTRALIA LIMITED ACN / ARSN (if applicable) 000 443 274 The holder became a substantial holder on 09/04/2008 2. Details of voting power	To Company Name/Scheme Futuris Corporation Limited ACN/ARSN 004 336 636 1. Details of substantial holder (1) Name SCHRODER INVESTMENT MANAGEMENT AUSTRALIA LIMITED ACN / ARSN (if applicable) 000 443 274 The holder became a substantial holder on 09/04/2008 2. Details of voting power	To Company Name/Scheme Futuris Corporation Limited ACN/ARSN 004 336 636 1. Details of substantial holder (1) Name SCHRODER INVESTMENT MANAGEMENT AUSTRALIA LIMITED ACN / ARSN (if applicable) 000 443 274 The holder became a substantial holder on 09/04/2008 2. Details of voting power	To Company Name/Scheme Futuris Corporation Limited ACN/ARSN 004 336 636 1. Details of substantial holder (1) Name SCHRODER INVESTMENT MANAGEMENT AUSTRALIA LIMITED ACN / ARSN (if applicable) 000 443 274 The holder became a substantial holder on 09/04/2008 2. Details of voting power	To Company Name/Scheme Futuris Corporation Limited ACN/ARSN 004 336 636 1. Details of substantial holder (1) Name SCHRODER INVESTMENT MANAGEMENT AUSTRALIA LIMITED ACN / ARSN (if applicable) 000 443 274 The holder became a substantial holder on 09/04/2008 2. Details of voting power	To Company Name/Scheme Futuris Corporation Limited ACN/ARSN 004 336 636 1. Details of substantial holder (1) Name SCHRODER INVESTMENT MANAGEMENT AUSTRALIA LIMITED ACN / ARSN (if applicable) 000 443 274 The holder became a substantial holder on 09/04/2008 2. Details of voting power	To Company Name/Scheme Futuris Corporation Limited ACN/ARSN 004 336 636 1. Details of substantial holder (1) Name SCHRODER INVESTMENT MANAGEMENT AUSTRALIA LIMITED ACN / ARSN (if applicable) 000 443 274 The holder became a substantial holder on 09/04/2008 2. Details of voting power	To Company Name/Scheme Futuris Corporation Limited ACN/ARSN 004 336 636 1. Details of substantial holder (1) Name SCHRODER INVESTMENT MANAGEMENT AUSTRALIA LIMITED ACN / ARSN (if applicable) 000 443 274 The holder became a substantial holder on 09/04/2008 2. Details of 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 on the date the substantial holder became a substantial holder are as follows:
Class of securities (4)		Number of securities			Persons’ votes (5)	Voting power (6)
Ordinary Shares		40,062,837			40,062,837	5.13%
3. Details of relevant interests The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:
Holder of relevant interest				Nature of relevant interest (7)			Class and number of securities
SIMAL				Ordinary Shares			40,062,837
4. Details of present registered holders The persons registered as holders of the securities referred to in paragraph 3 above are as follows:
Holder of relevant interest	Registered holder of securities		Person entitled to be registered as holder (8)					Class and number of securities
SIMAL	BNP Paribas Securities Services		BNP Paribas Securities Services					2,462,700
SIMAL	JP MorganCustodialServices		JP MorganCustodialServices					17,152,102
SIMAL	CiticorpNomineesLtdHK		CiticorpNomineesLtdHK					5,749,751
SIMAL	HSBC Custody Nominees (Australia)Ltd		HSBC CustodyNominees (Australia)Ltd					1,499,688
SIMAL	National NomineesLtd- Melbourne		National NomineesLtd- Melbourne					10,341,870
SIMAL	State StreetAustraliaLimited		State StreetAustraliaLimited					2,856,726

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5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

5. Consideration The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:	5. Consideration The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:	5. Consideration The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:	5. Consideration The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:	5. Consideration The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:	5. Consideration The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:
Holder of relevant interest	Date of acquisition		Consideration (9)		Class and number of securities
			Cash	Non-cash	ORDINARY SHARES
SIMAL	09/12/2007-09/04/2008		1,224,787.44		600,386
SIMAL	09/12/2007-09/04/2008		30,322,978.93		16,117,691
6. Associates
The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:
Name and ACN/ARSN(if applicable)		Nature of association
Schroder Investment Management Australia Limited(“SIMAL”)		Related Fund Manager
Schroder Investment SingaporeLimited (“SIMSL”)		RelatedFundManager
Schroder Investment Management Hong Kong Limited (“SIMHK”)		Related Fund Manager
Schroder InvestmentManagementLimited (“SIM”)		RelatedFundManager
Schroder Investment Management North America (“SIMNA”)		Related Fund Manager

7. Addresses

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

7. Addresses The addresses of persons named in this form are as follows:	7. Addresses The addresses of persons named in this form are as follows:
Name	Address
Schroder Investment Management (Australia) Limited (“SIMAL”)	Level 20 Angel Place, 120 Pitt Street, Sydney, 2000, Australia
Schroder Investment (Singapore) Limited (“SIMSL”)	65 Chulia Street #46-00 OCBC Centre, Singapore 049513
Schroder Investment Management (Hong Kong) Limited (“SIMHK”)	19 thFloor, Two Exchange Square, 8 Connaught Place, Central, Hong Kong SAR
Schroder Investment Management Limited (“SIM”)	31 Gresham Street, London EC2V 7QA, UK
Schroder Investment Management North America (“SIMNA”)	31 Gresham Street, London EC2V 7QA, UK

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