ELDERS LIMITED — Share Issue/Capital Change 2015

May 17, 2015

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18 May 2015

Completion of Small Holding Sale Facility and Top-Up Facility

In accordance with the terms and conditions of the Small Holding Sale Facility announced on 20 March 2015, Elders Limited has sold on behalf of 14,389 eligible shareholders a total of 475,876 shares at an average sale price of $3.131 per share. A further 651 eligible shareholders elected to top-up their holdings under the Top-Up Facility and purchased 233,143 shares, at an average price of $3.133 per share.

Payment from the sale of shares under the Small Holding Sale Facility and the allocation of top-up shares is planned to occur by close of business 25 May 2015. Transaction details will be mailed to eligible shareholders at this time, marking the completion of the Small Holding Sale Facility and Top-Up Facility.

Shareholders with queries regarding their shareholding should contact Elders’ Share Registry on 1300 380 153 (within Australia) or +61 3 9415 4125 (outside Australia).

Peter Hastings Company Secretary

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