EML PAYMENTS LIMITED — Director's Dealing 2008

May 27, 2008

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:	AUSTRALASIA GOLD LIMITED
ABN:	93 104 757 904

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	MICHAEL ROBERT BILLING
Date of last notice	24 JANUARY 2006

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 relevantinterest.		MBB TRADING PTY LTD
Date of change		26 MAY 2008
No. of securities held prior to change		DIRECT♦36,111 listed ordinary shares♦351,389 listed Options expiring 30 June2008, exercisable @ $0.20INDIRECT♦48,000 listed ordinary shares♦12,500listedoptionstopurchaseordinary shares for 20 cents exercisableto 30 June 2008
Class		Ordinary shares
Number acquired		DIRECTNILINDIRECT50,000

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Number disposed		DIRECTNILINDIRECTnil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation		DIRECTN/AINDIRECT$5,031.90
No. of securities held after change		DIRECT♦36,111 listed ordinary shares♦351,389 options expiring 30 June 2008,exercisable @ $0.20INDIRECT♦98,000 listed ordinary shares♦12,500listedoptionstopurchaseordinary shares for 20 cents exercisableto 30 June 2008
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back		On market trade

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.

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002