EMU NL — Capital/Financing Update 2013

Feb 27, 2013

==> picture [235 x 97] intentionally omitted <==

28 February 2013

The Manager ASX Limited Level 28 Exchange Plaza 2 The Esplanade PERTH WA 6000

Emu Nickel NL 10 Walker Avenue West Perth WA 6005 PO Box 1112 West Perth WA 6872 Telephone 08 9226 4266 Facsimile 08 9485 2840 info@emunickel.com.au www.emunickel.com.au

ABN 50 127 291 927

Dear Sir,

EXPIRY OF OPTIONS

Emu Nickel NL (ASX: EMU) advises that 4,596,435 unlisted options exercisable at $1.0878 expired on 27 February 2013.

If you have any queries, please contact Dennis Wilkins.

Yours sincerely,

==> picture [140 x 60] intentionally omitted <==

Dennis Wilkins Company Secretary