EMERALD RESOURCES NL — Major Shareholding Notification 2013

Sep 22, 2013

Notice of Initial eubstantial holder Үс Сошралу Name/9ch∎m≽ Enforted OJ & Gas M. 009 795 046 ACNIARGN 1. Datails of substantial fielder (1) Nama P&L Cap Ial Investments Ply Ltd and Desertion Ply Ltd 127 440 004 and 091 447 640 ACN/ARGN (If spokablo) The holter bacams a substantlat holder on 13032013 2 Datalla of voling power a bui(5) stabese na roviskel talmiedus tel buil emeries eti al steren have re en en state prove eti in di barbate seler is rednum injoj effi rotevani lateresi (3) in on the date the substantial holder became a substantial holder are as follows: Pacecris volas (5) Volga pawer (6) Class of securities (4) Number of securities $1407%$ (besied on Ordnery fully paid starss (Ordinary 132,745,254 132745254 (143,651,304 Orthery Shares) Shares) on la rus) 2. Dolaile of relevant intercets The nature of the relevant interest the authstrufel indicator or an associate in the behavior and in order to the data the substantial indicatocame a substantial holder are as follows: Netwo of relevent in erest (7) Clear and rumber of securities Holder of relevent interest 88,372,627 Ordinary Sharas P&L Capital investments Pty Ltd Relavani Interest under section 605(1)[a) of the Corporatione Act 2001 (CD) oriented from being Desertion Piv Lkd Releved Interest under rection 608(1)(R) of the 56,372,627 Ordinary Stunes Act arising from being the holder of the securities. 4. Datalla of pregent regletered holders The persons registered as holdere of the securities referred to in paragraph 3 above are as follows: Clear and number Holder of referent Person entitled to be Replatered holder of sacu lles (agislared as holder (B) of securities Inland PAL Capital Investments Pty Ltd 83,372,627 Ordhary PAL Capital Invasiments Ply Ltd. P&L Capital Investments PW Ltd Finares BA 972,627 Oldhary Deserved Ply Ltd Dasantox Ply Llo Desetlax PV Ltd Bhann Consideration The corp Heration paid for each release interest referred to in paragraph 3 above, and esquired in the four months prior to the day that the aubstantial holder became a umslanda) heldu is as folows: Consideration (9) Class and number Date of acquisition. Holder of relavant ol necurities hlefeil nd tan एमा P&L Capital investments Pty Ltd 16/09/2013 B883, B12, 59 BB 972627 Ordinary Bhanse Dosortiox Ply Ltd 180972013 8666, 912. 59 63372827 Ordinary Shang		Form 803 Corporations Act 2001 Bection 871B

$\frac{1}{2}$

6. Associates

The reasons the persons hamed in persgraph 3 shows are associates of the substantial holder are as follows:

Name and ACN/ARBN (if appliced is)	Newto of essecration
PN LM	Desertox Py Lid and Pat. Copilal investments Each of Pat. Capilal investments Py Lid and Desertox Py Lid are associates of each other by virtue of seation 12(2)(e) of the Act arising from them proposing to set in concert in relation to the affilits of Emando Of & Gas NL

7. Addresses

The addresses of persons moned in this term are as follows;

Мате	Address
Data-Coc Po Ltd	232 Broome Street, Collection, WA, SOFT
P&L Capital Investments Ply Ltd.	PO Box 683 Florent Forum WA 6014

Signature

print namo	H Parcon/	capacity DIRETTOR
algn hore		dala $20$ 1 09 1 13