ELDERS LIMITED — Regulatory Filings 2011

Jul 3, 2011

==> picture [139 x 57] intentionally omitted <==

4 July 2011

Indonesian Livestock Import Licences

==> picture [11 x 14] intentionally omitted <==

==> picture [11 x 14] intentionally omitted <==

==> picture [11 x 14] intentionally omitted <==

==> picture [11 x 14] intentionally omitted <==

• 3[rd] Qtr Licenses to import cattle to Indonesia from Australia not issued pending further developments

• Discussions ongoing with Federal Government for urgent resumption of trade

• Elders to receive independent audit report on its Indonesian supply chain

• Elders remains hopeful urgently needed resumption of exports can occur

Elders (ASX:ELD) reports that its Indonesian operations received a circular advice late on Friday 1 July 2011 from the Indonesian Director General of Livestock and Animal Health advising that permits for the importation of livestock from Australia for the third quarter are not yet being issued pending further developments. As Elders’ permit for importation of livestock into Indonesia expired on 30 June 2011, the advice from the Director General confirms that the Company no longer holds a current import permit for Indonesia.

Elders notes the proviso in the Indonesian Director General’s letter “pending further developments” and believes this indicates a willingness by the Indonesian Government to consider issuing of permits for cattle importation.

Elders continues to participate in meetings and discussion with the Government and Departmental officials, including over the weekend, in an effort to secure the immediate partial resumption of trade for supply chains such as Elders’ where animal welfare concerns can be demonstrably satisfied. These discussions are productive and ongoing.

To this end, Elders has taken the initiative to commission an independent audit of its Indonesian livestock supply chain by a recognised international accreditation and certification agency. The audit, which will be completed this week, is expected to provide independent confirmation that Elders’ Indonesian supply chain satisfies, and in some points exceeds, the Australian Government’s requirements in respect of animal welfare standards, traceability and verification. Elders’ Indonesian abattoir was subject to independent audit prior to implementation of the export ban.

Elders is hopeful that announcement of the urgently needed resumption of trade can be made in the near future.

Elders continues to assess its continuous disclosure obligations and the potential impacts of this situation.

While no further guidance is considered necessary at this stage, this position is being continually reassessed in light of trading results and the accumulating effects of the suspension, which include: lower live export income, a downturn in trading results from northern Australia that is already evident,

1

==> picture [87 x 36] intentionally omitted <==

and effects on cattle markets in both the south and north of Australia. The total effect of the suspension, and the time required for the achievement of recovery, will increase with the duration of the suspension.

ENDS

Further Comment:

Malcolm Jackman Chief Executive Officer 0439 642 876

Tony Dage Group General Manager, Trading 0400 827 257

Further information:

Don Murchland General Manager Investor & Corporate Relations Manager 0439 300 932

2