EML PAYMENTS LIMITED — Director's Dealing 2016

Mar 14, 2016

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 Robert Browning

Date of last notice 13 November 2015

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 or indirect interest	Direct or indirect interest	Direct or indirect interest	Direct	Direct	Direct	Direct	Direct
		Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.
		Date of change				11 March 2016
		No. of securities held prior to change				706,522 unlisted options in voluntaryescrow until 29 February 2016 andexpiring on 31 March 2016; and1,890,749 fully paid ordinary shares
						escrow until 29 February 2016
						expiring on 31		March 2016; and
						1,890,749 full		y paid ordinary shares
		Class				Fully paid ord		inary shares
		Number acquir	ed			635,156
		Number dispo	sed			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	Non-cash consideration of $628,804.58 –635,156 shares were issued following thecashless conversion of 706,522 unlistedoptions issued in lieu of Director’s fees forthe period 1 March 2013 to 30 June 2014 asapproved by security holders on 13November 2013. On exercise of the
	options the Company issued the numberof shares equal in value to the differencebetween the market value of the shares($0.99) and the exercise price ($0.10)otherwise payable in relation to theoptions.
No. of securities held after change	2,525,905 fully paid ordinary shares
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	Exercise of unlisted options

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	Detail of contract	Detail of contract	N/A	N/A	N/A	N/A	N/A	N/A	N/A
	Nature of interest
	Name of registered holder
	(if issued secu		rities)
	Date of chang		e
	No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed
	Interest acquired
	Inter	est disposed
		hapter 19 for defined terms

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade to proceed during this period? If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3