ELEMENTOS LIMITED — Director's Dealing 2011

Mar 6, 2011

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	James D Calaway
Date of last notice	18 January 2011

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	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Entities controlled by Mr Calaway: Lithium Investors LLC Andes Investors LLC
Date of change	3 March 2011
No. of securities held prior to change	10,129,256
Class	Full Paid Ordinary Shares
Number acquired	1,808,035 Full Paid Ordinary Shares
Number disposed	nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$470,089.10

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	2,029,256 shares Lithium Investors LLC 9,908,035 shares Andes Investors LLC
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Non-renounceable rights issue allotment

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.

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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 June 2010

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: Carolyn Stuart
Date of change	3March 2011
No. of securities held prior to change	Direct – 377,890 shares Indirect – 1,557,332 shares
Class	Ordinary shares
Number acquired	Direct – 89,349 Indirect–347,614
Number disposed	nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$112,312,98

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	462,239 shares Neil F Stuart 1,461,939 shares Fairground Pty Ltd 125,100 shares Australian Geoscientists Pty Ltd 62,549 shares Los Americas Pty Ltd 199,620 shares Neil F Stuart Superannuation Fund 55,738 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	Non-renounceable rights issue allotment

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.

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