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EMU NL Capital/Financing Update 2013

Jan 17, 2013

64851_rns_2013-01-17_ccdd05c4-929c-4a5f-a133-54dd906bddec.pdf

Capital/Financing Update

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SALE OF SMALL SHARE PARCELS

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Emu Nickel NL ABN 50 127 291 927

ASX Code: EMU

10 Walker Ave West Perth, WA 6005 T +61 8 9226 4266 E [email protected]

www.emunickel.com.au PO Box 1112 West Perth, WA 6872

On 6 December 2012 the Company announced that it was offering to sell small parcels of shares on behalf of shareholders. The closing date for notification by shareholders was 17 January 2013 and final numbers are now being compiled.

Present indications are that over 1,400 shareholders holding over 2.177 million shares have accepted the offer.

The sale of these shares will commence on Monday 21[st] January 2013.

Further information may be obtained by contacting the Managing Director, Mr Greg Steemson, on 08 9226 4266 or 041 7981814.

Issued Capital : Shares - Quoted: 34,642,856 fully paid shares

Options – Unquoted: 4,596,435 exercisable at $1.0878 by 27.2.2013 841,148 exercisable at $0.5874 by 22.12.2014 82,736 exercisable at $0.4266 by 21.12.2015

Cash: $3 million

Directors:

Peter Thomas (Nonexecutive Chairman) Greg Steemson (Managing Director)

George Sakalidis & Gavin Rutherford (Non-Executive Directors)

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