Dividend Policy

Lindsay Australia directors anticipate that dividends paid will be in the range of 55% to 75% of the operating profit after tax, however the amount declared will be after consideration of a number of factors at the time of making the declaration. These factors include earnings achieved and forecast, applicable income tax legislation, capital expenditure requirements, financing requirements, investment opportunities and the general economic and business outlook facing the company. Dividends paid will be franked to available franking credits. Dividends, if declared, will be payable no later than on the last business day of March for interim dividends and no later than the last business day of September for final dividends.

Dividends paid by the company are:

Lindsay Australia currently has the following securities on issue (current at 31/08/2012):

• Ordinary Shares - 218,364,480 (ASX Code LAU)

As at 31th July 2012, Lindsay Australia had 1,167 ordinary shareholders. As at the same date, the 20 largest ordinary shareholders held 70% ordinary shares.

Shareholders requiring information regarding their shareholding or dividends can do so on-line (refer below for details). Alternatively they can contact the company's Share Registry at:

Computershare Investor Services Pty Limited
GPO Box 2975
Melbourne VIC 3001

Telephone
(within Australia): 1300 850 505
(outside Australia): +61 3 9415 4000

Facsimile: +61 3 9473 2500
Website: http://www.computershare.com.au

Shareholders must use their Security Reference Number or HIN to:

• Make on-line or phone enquires.
• View their holdings and other various details.
• View their payment history.

Lindsay Australia Limited ordinary shares are listed on the ASX under the code LAU. To access Lindsay Australia's current share price, click here.

To ensure continued receipt of dividends and other company correspondence, please notify the Share Registry of changes to any relevant address details, banking instructions, TFN's or ABN's. Shareholders can contact the Share Registry or enter its website (click here) to obtain forms for these changes.

Lost or stolen issuer sponsored statements should be reported in writing immediately to Lindsay Australia's Share Registry.

It is not compulsory to provide your tax file number to Lindsay Australia. However, the company is legally obliged to deduct tax at the top marginal rate plus Medicare levy from unfranked dividends paid to shareholders resident in Australia. For further information contact the Share Registry (click here).

Shareholders electing to receive the company's annual report, or not receive other Lindsay Australia publications should contact the Share Registry (click here).

Mr Graham Johnston
Ph: 07 3240 4900

Johnston Rorke
Level 30 Central Plaza 1
345 Queen Street BRISBANE Q 4000

44b Cambridge Street, Rocklea Q 4106