EMMERSON RESOURCES LIMITED — Director's Dealing 2021

Feb 21, 2021

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	Emmerson Resources Limited
ABN	53 117 086 745

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.

We (the entity) give ASX the followingthe director for the purposes of section	information under listing rule 3.19A.2 and as agent for205G of the Corporations Act.
Name of Director	Robert Trevor Bills
Date of last notice	31 August 2020

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 and indirect	Direct and indirect	Direct and indirect
	Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.			Indirect interest held by Catabatic Pty Ltd<Bills S/F A/C> of which Mr Bills is abeneficiary
	Date of change			29 January 2021
	No. of securities held prior to change			7,737,125 fully paid ordinary shares(ASX:ERM)4,500,000unquotedoptions(ASX:ERMAD)
	Class			Performance rights vesting over threeyearsdependentonachievingperformance hurdles including continuingappointment with the company, meetingcertain key performance indicators andshare price performance. On vesting,each performance right converts to oneordinary share.
				yearsdependentonperformance hurdles includinappointment with the compacertain key performance in	achieg continny, meedicators
+ See01/01NumNum				share price performance.each performance right conordinary share.	On vestverts to
	Num	ber acquired		9,000,000
	Num	ber disposed		Nil
		chapter 19 for defin/2011 Appendix 3Y	ed terms.Page 1

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration	Value/Consideration
	Value/Consideration		Nil
	Note: If consideration is non‐cash, provide detailsvaluation	and estimated
	No. of securities held after change		7,737,125 fully paid ordinary shares(ASX:ERM)4,500,000unquotedoptions(ASX:ERMAD)9,000,000 performance rights
	Nature of changeExample: on‐market trade, off‐market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy‐back		Issue of performance rights to MD &CEOapprovedbyshareholdersatAnnual General Meeting held 29 January2021.

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	Not applicable
Nature of interest	Not applicable
Name of registered holder(if issued securities)	Not applicable
Date of change	Not applicable
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	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/ConsiderationNote: If consideration is non‐cash, provide detailsand an estimated valuation	Not applicable
Interest after change	Not applicable

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?	Not applicable
If prior written clearance was provided, on what date was thisprovided?	Not applicable

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011