EML PAYMENTS LIMITED — Director's Dealing 2014

Nov 25, 2014

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 30/09/01 Amended 01/01/11

Name of entity	EMERCHANTS 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	David Liddy
Date of last notice	16 December 2014

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 and indirect
Nature of indirect interest	Invia Custodian Pty Ltd <Liddy Family
(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Super Fund a/c>Holding in custody for: MHB Nominees
	Qld Pty Ltd atf Liddy Family Super Fund
Date of change	24 November 2014
No. of securities held prior to change	Direct:
	450,310 unlisted options in voluntary
	escrow until 29 February 2016 and
	expiring on 31 March 2016
	Indirect:1,000,000 fully paid ordinary
	shares
Class	Fully paid ordinary shares
Number acquired	200,000
Number disposed	Nil

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation		$0.50 per ordinary share
No. of securities held after change		Direct:450,310unlistedoptionsinvoluntary escrow until 29 February 2016and expiring on 31 March 2016Indirect: 1,200,000 fully paid ordinaryshares
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back		Participation in Placement as announcedon 26 September 2014 and approved bymembers of the Company at its AnnualGeneral Meeting on 19 November 2014.

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.

==> picture [434 x 319] intentionally omitted <==

----- Start of picture text ----- Detail of contract N/ANature of interestName of registered holder(if issued securities)Date of changeNo. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuationInterest after change----- End of picture text -----

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?
If prior written clearance was provided, on what date was thisprovided?

• See chapter 19 for defined terms.

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