ELEMENTOS LIMITED — Director's Dealing 2010

Apr 11, 2010

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity ELEMENTOS LIMITED ABN 49 138 468 756

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	NEIL FRANCIS STUART
Date of last notice	30 December 2009

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct & Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Entities controlled by Mr Stuart: Fairground Pty Ltd Australian Geoscientists Pty Ltd Los Americas Pty Ltd Neil F Stuart Superannuation Fund Related Party: CarolynStuart
Date of change	12 April 2010
No. of securities held prior to change	Direct – 40,000 shares Indirect – 358,650 shares
Class	Ordinary shares
Number acquired	Direct – 237,890 shares Indirect–1,198,682 shares
Number disposed	nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	1. $9,277.80 (50,000 shares purchased on market) 2. Nil (remainder as part of In-Specie distribution to Orocobre shareholders)

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	277,890 shares Neil F Stuart 1,195,162 shares Fairground Pty Ltd 102,272 shares Australian Geoscientists Pty Ltd 51,136 shares Los Americas Pty Ltd 163,194 shares Neil F Stuart Superannuation Fund 45,568 shares Carolyn Stuart
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On-Market Transfer (50,000) and In-specie distribution (1,386,572)

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002