EMU NL — Capital/Financing Update 2023

Feb 16, 2023

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EMU NL ( EMU ) advises that the prospectus, supplementary prospectus and personalised entitlement and acceptance forms (pro forma template attached) as prepared in respect of the pro-rata non-renounceable rights issue announced 9 February 2023, have all been dispatched today.

This announcement is authorised for release by Doug Grewar, CEO.

Investor enquiries:

EMU NL

Doug Grewar T +61 8 9226 4266

E info@emunl.com.au

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All Registry Communication to:

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EMU NL | ACN 127 291 927

[EntityRegistrationDetailsLine1Envelope] [EntityRegistrationDetailsLine2Envelope] [EntityRegistrationDetailsLine3Envelope] [EntityRegistrationDetailsLine4Envelope] [EntityRegistrationDetailsLine5Envelope] [EntityRegistrationDetailsLine6Envelope]

GPO Box 5193, Sydney NSW 2001 1300 288 664 (within Australia) +61 2 9698 5414 (international) corporate.actions@automicgroup.com.au www.automicgroup.com.au

[ReplaceNoImages] Holder Number: [HolderNumberMasked]

Shares held as at the Record Date at 5.00pm (AWST) on 14 February 2023 [CumBalance]

ENTITLEMENT AND ACCEPTANCE FORM

OFFER CLOSES 5.00PM (AWST) ON 28 FEBRUARY 2023 (WHICH MAY CHANGE WITHOUT NOTICE)

On 9 February 2023, Emu NL (the Company ) announced its intention to raise $1,525,506 before costs ( Offer ) by way of a pro-rata non-renounceable entitlement offer of new fully paid ordinary shares. Under the Entitlement Offer, eligible shareholders are entitled to subscribe for one (1) New Share for every one (1) existing Share held at 5:00pm (AWST) on 14 February 2023 ( Record Date ), at the Offer Price of $0.002 per New Share.

The Prospectus dated 9 February 2023 contains information about the Entitlement Offer and you should carefully read the Prospectus before applying for Shares. This Entitlement and Acceptance Form should be read in conjunction with the Prospectus. If you do not understand the information provided in the Prospectus or you are in doubt as to how you should deal with it, you should seek professional advice. Other than as defined in this Entitlement and Acceptance form, capitalised terms have the same meaning as defined in the Prospectus.

1 ACCEPTANCE OF ENTITLEMENT OR PART THEREOF

		Payment Amount A$ ($0.002 per Share)	Payment Amount A$ ($0.002 per Share)	Payment Amount A$ ($0.002 per Share)	Payment Amount A$ ($0.002 per Share)	Payment Amount A$ ($0.002 per Share)	Payment Amount A$ ($0.002 per Share)	Payment Amount A$ ($0.002 per Share)	Payment Amount A$ ($0.002 per Share)	Payment Amount A$ ($0.002 per Share)	Payment Amount A$ ($0.002 per Share)	Payment Amount A$ ($0.002 per Share)	Payment Amount A$ ($0.002 per Share)	Payment Amount A$ ($0.002 per Share)	Payment Amount A$ ($0.002 per Share)	Payment Amount A$ ($0.002 per Share)		Number of Shares Applied	Number of Shares Applied	Number of Shares Applied	Number of Shares Applied	Number of Shares Applied	Number of Shares Applied	Number of Shares Applied	Number of Shares Applied	Number of Shares Applied	Number of Shares Applied	Number of Shares Applied	Number of Shares Applied	Number of Shares Applied	Number of Shares Applied
Full Entitlement						[EntPayable]												[Entitlement]
Partial Entitlement					,				,				,

2 APPLICATION FOR SHORTFALL SHARES

As an Eligible Shareholder, you are invited to apply for Shortfall Shares , providing you have taken up your full Entitlement.

		Payment Amount A$ ($0.002 per Shortfall Share)	Payment Amount A$ ($0.002 per Shortfall Share)	Payment Amount A$ ($0.002 per Shortfall Share)	Payment Amount A$ ($0.002 per Shortfall Share)	Payment Amount A$ ($0.002 per Shortfall Share)	Payment Amount A$ ($0.002 per Shortfall Share)	Payment Amount A$ ($0.002 per Shortfall Share)	Payment Amount A$ ($0.002 per Shortfall Share)	Payment Amount A$ ($0.002 per Shortfall Share)	Payment Amount A$ ($0.002 per Shortfall Share)	Payment Amount A$ ($0.002 per Shortfall Share)	Payment Amount A$ ($0.002 per Shortfall Share)	Payment Amount A$ ($0.002 per Shortfall Share)	Payment Amount A$ ($0.002 per Shortfall Share)	Payment Amount A$ ($0.002 per Shortfall Share)		Number of Shortfall Shares Applied	Number of Shortfall Shares Applied	Number of Shortfall Shares Applied	Number of Shortfall Shares Applied	Number of Shortfall Shares Applied	Number of Shortfall Shares Applied	Number of Shortfall Shares Applied	Number of Shortfall Shares Applied	Number of Shortfall Shares Applied	Number of Shortfall Shares Applied	Number of Shortfall Shares Applied	Number of Shortfall Shares Applied	Number of Shortfall Shares Applied	Number of Shortfall Shares Applied
Shortfall Application					,				,				,
No fractional shares will be issued. If the dollar amount for additional shares, divided by the issue price ($0.002), is a fraction of a New Share, the New Shares allotted will be rounded down). 3 MAKE YOUR PAYMENT BY BPAY® OR ELECTRONIC FUNDS TRANSFER (EFT) Payments must be made by BPAY® or by EFT and may not be made by cheque or money order. You do not need to return this form if you have made payment via BPAY® or EFT. Total Payment A$ , , , Option A – BPAY®Option B – Electronic Funds Transfer (EFT) The unique reference number which has been assigned to your Application is: [HolderId]-6660-EMU Funds are to be deposited in AUD currency directly to following bank account: Account name: Automic Pty Ltd Account BSB: 036 051 Account number:582682 Swift Code: WPACAU2S IMPORTANT: You must quote your unique reference number as your payment reference/description when processing your EFT payment. Failure to do so may result in your funds not being allocated to your application and Shares subsequentlynot issued. Biller Code:396853 Ref No:[BPayCRN] Contact your financial institution to make your payment from your cheque or savings account. Note:You do not need to return this form if you have made payment via BPAY® or EFT. Your BPAY® reference number or unique reference number will process your payment for your application for New Shares electronically.
Total Payment A$					,				,				,
Option A – BPAY®Option B – Electronic Funds Transfer (EFT) The unique reference number which has been assigned to your Application is: [HolderId]-6660-EMU Funds are to be deposited in AUD currency directly to following bank account: Account name: Automic Pty Ltd Account BSB: 036 051 Account number:582682 Swift Code: WPACAU2S IMPORTANT: You must quote your unique reference number as your payment reference/description when processing your EFT payment. Failure to do so may result in your funds not being allocated to your application and Shares subsequentlynot issued. Biller Code:396853 Ref No:[BPayCRN] Contact your financial institution to make your payment from your cheque or savings account. Note:You do not need to return this form if you have made payment via BPAY® or EFT. Your BPAY® reference number or unique reference number will process your payment for your application for New Shares electronically.

Elect to receive email communication 4

Return to Automic Group by email to corporate.actions@automicgroup.com.au

Telephone Number Contact Name (PLEASE PRINT) EMU [HolderId] ( ) Please insert your email address if you wish to elect to be an e-Shareholder, and you consent to receiving communications from the Share Registry, Automic Group

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INSTRUCTIONS FOR COMPLETION OF THIS FORM

The right to participate in the Entitlement Offer is optional and is offered exclusively to all Shareholders who are registered as holders of fully paid ordinary Shares in the capital of the Company on the Record Date with a registered address in Australia or New Zealand ( Eligible Shareholders ).

ACCEPTANCE OF OFFER

By making a BPAY® or EFT payment:

• you represent and warrant that you have read and understood the Prospectus and that you acknowledge the matters, and make the warranties and representations contained therein and in this Entitlement and Acceptance Form; and

• you provide authorisation to be registered as the holder of Shares acquired by you and agree to be bound by the Constitution of the Company.

1

Acceptance of Full or Partial Entitlement for Shares

If you wish to accept your full entitlement:

• make payment by BPAY® or EFT for your full entitlement by following the instructions on this Entitlement and Acceptance Form.

If you only wish to accept part of your entitlement:

• calculate the payment amount for the portion of your entitlement that you wish to take up in accordance with the partial entitlement section of this Entitlement and Acceptance Form; and

• make payment by BPAY® or EFT for that portion of your entitlement by following the instructions on this Entitlement and Acceptance Form.

2 Applying for Shortfall Shares

If you accept your full entitlement and wish to apply for Shortfall Shares in excess of your entitlement:

• make payment by BPAY® or EFT of the total payment amount for your full entitlement AND your participation in the Shortfall Offer by following the instructions on this Entitlement and Acceptance Form.

Your application for Shortfall Shares may not be successful (wholly or partially). The decision in relation to the number of Shortfall Shares in excess of your entitlement to be allocated to you will be final. No interest will be paid on any application monies received and returned.

3 Payment

By making a payment via BPAY® or EFT, you agree that it is your responsibility to ensure that funds are submitted correctly and received by the Share Registry by the closing date and time. Payment must be received by the Share Registry by 5:00pm (AWST) on 28 February 2023.

It is your responsibility to ensure your CRN or unique Payment Reference is quoted, as per the instructions in Section 3. If you fail to quote your CRN or unique Payment Reference correctly, Automic may be unable to allocate or refund your payment. If you need assistance, please contact Automic.

Payment by BPAY®: You can make a payment via BPAY® if you are the holder of an account with an Australian financial institution that supports BPAY® transactions. To BPAY® this payment via internet or telephone banking use your reference number on this Form. Multiple acceptances must be paid separately.

Payment by EFT: You can make a payment via Electronic Funds Transfer (EFT). Multiple acceptances must be paid separately. Please use your unique reference on this Form. This will ensure your payment is processed correctly to your application electronically.

Applicants should be aware of Automic’s financial institution’s cut off-time, their own financial institution’s cut-off time and associated fees with processing a funds transfer. It is the Applicant’s responsibility to ensure funds are submitted correctly by the closing date and time, including taking into account any delay that may occur as a result of payments being made after 5pm (AEDT) and/or on a day that is not a business day (payment must be made to be processed overnight). You do not need to return this Form if you have made payment via BPAY® or EFT. Your reference number will process your payment to your application electronically and you will be deemed to have applied for such Shares for which you have paid.

4 Contact Details - Elect to receive email communication The Company encourages shareholders to elect to receive their shareholder communications electronically. This will ensure you receive all future important shareholder communications in a faster and more secure way and reduce the environmental footprint of printing and mailing.

If you require further information about the Offer, please contact Automic on 1300 288 664 or +61 2 9698 5414 between 8:30am and 8:00pm (AEDT).