ELDERS LIMITED — Major Shareholding Notification 2008

Feb 20, 2008

Corporations Law Section 671B

Form 604

Notice of change of interests of substantial holder

To Company Name/Scheme	Futuris Corporation Limited
ACN/ARSN
1. Details of substantial holder (1)
Name	M&G Investment Management Limited
	M&G Limited
	M&G Group Limited
	Prudential plc
ACN/ARSN (if applicable)
There was a change in the interests	18 February 2008
of the substantial holder on
The previous notice was given to the	14 February 2008
company on
The previous notice was dated	14 February 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:

Class of Security (4)	Previous Notice	Previous Notice	Present Notice	Present Notice
	Person’s votes	Voting Power (5)	Person’s votes	Voting Power (5)
Ordinary	53,025,847	7.00%	53,037,807	6.95%

NOTIFICATION REQUIRED DUE TO UPDATE ON THE TOTAL SHARES IN ISSUE FIGURE

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 of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person’s votes affected
	M&G Investment Funds (1) and (3) M&G Investment Management Limited M&G Limited M&G Group Limited Prudentialplc	NOTIFICATION REQUIRED DUE TO UPDATE ON THE TOTAL SHARES IN ISSUE FIGURE

4. Present relevant interests

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

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	16,751,860
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		35,000,000
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.	1,200,000

Freehills Melbourne ASIC00603\003811236

M&G Investment Management Limited, M&G Limited, M&G Group Limited, Prudentialplc	PCA Global Basics Equity Fund	PCA Global Basics Equity Fund		14,846
M&G Investment Management Limited, M&G Limited, M&G Group Limited, Prudentialplc	PRUCLT HSBC GIS NOM(UK) PPL AC	PRUCLT HSBC GIS NOM(UK) PPL AC		71,101

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			date20 February 2008

Freehills Melbourne ASIC00603\003811236

Annex 1: Transactions 13 February 2008 to 18 February 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 Management Limited, M&G Limited, M&G Group Limited, Prudential plc PCA Global Basics Equity Fund	14-FEB-08	23,904		11,960

Freehills Melbourne ASIC00603\003811236