EML PAYMENTS LIMITED — Major Shareholding Notification 2011

Sep 5, 2011

Cullen Babington Hughes

lawyers

Directors: Rick Cullen, Ed Babington, Michael Hughes, Catriona Macleod 95 Stirling Highway Nedlands WA 6009 Consultant: Paul Lyons Telephone 9389 3999 In association with Durack & Zilko Lawyers Facsimile 9389 1511

FACSIMILE TRANSMISSION

6 September 2011 DATE:

ASX Company Announcement Office TO.

1300 135 638 FAX NO:

Blair Hebenton (reference number: 06769) FROM:

$RE:$ Form 603

Number of Pages: 3 (Including this cover sheet)

Please find the following: a Form 603 with substantial shareholder EMerchants Holdings Pty Ltd (A.C.N. 098 296 050), for the attention of the ASX.

If there are any queries in regard to this matter, please contact our Blair Hebenton.

Cullen Babington Hughes Pty Ltd | www.cbhlegal.com.au Postal: PO Box 935, Nedlands WA 6909. ACN: 049 864 212

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme	Adept Solutions Limited
ACN/ARSN	104 757 904
1. Details of substantial holder (1) Name ACN/ARSN (if applicable)	Globetrotter Group Pty Ltd 067 013 192

The holder became a substantial holder on

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

08/07/2011

Class of securities (4)	Number of securities ________	________ Person's votes (5)	Voting power (6)
Ordinary Shares	7.332.400	7 332.400	11.71%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Globetrotter Group Pty Ltd	Beneficial holder of shares	7,332,400 ordinary shares

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant	Registered holder of	Person entitled to be	Class and number
interest	securities	registered as holder (8)	of securities
Globetratter Group Pty Ltd	Globetrotter Group Pty Ltd	Globetrotter Group Pty Ltd	7,332,400 ordinary Ishares

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Dete of acquisition	Consideration (9)		Class and number of securities
		Cash	Non-cash
Globetrotter Group Pty Ltd	8 July 2011	Nil	33.888.889 ordinary shares in shares Emerchants Limited (ACN 131 436 532)	7.332.400 ordinary

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
Not Applicable	________

7. Addresses

The addresses of persons named in this form are as follows:

	Name	Address
	Globetrotter Group Pty Ltd	Level 1, 160 Stirling Highway, Nedlands WA 6009
Signature
	print name Richard John Battley	capacity Director
	sign here	date $O5'$ $O7'$ $ZO4$
		DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations or the manager and trustee of an $(1)$ equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• $(3)$ See the definition of "relevant interest" in sections 608 and 6718(7) of the Corporations Act 2001.
• $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
• $(5)$ The total number of votes attached to all the voting shares in the company or voting interasts in the scheme (if any) that the person or an associate has a relevant interest in.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100 $(6)$
• $\sqrt{2}$ Include details of:
• $(a)$ any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form together with a written statement certifying this contract. scheme or arrangement, and
• $(b)$ any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001

• $(8)$ If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".
• $(9)$ Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.