EMU NL — Director's Dealing 2008

Oct 21, 2008

Appendix 3Y

Change of Director’s Interest Notice

Name of entity	EMU NICKEL NL
ABN:	50 127 291 927

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.

Name of Director	George Sakalidis
Date of last notice	9 October 2008
Date of this notice	22 October 2008

Part 1 - Change of director’s relevant interests in securities

Direct or indirect interest	Direct and Indirect	Direct and Indirect
Nature of indirect interest(including registered holder)	Interests held by:Leeman Pty Ltd, a company controlled by MrSakalidis;G and J Sakalidis acting as joint trustees forthe Sakalidis Superannuation Fund
Date of change/s	17 and 21 October 2008
No. of securities held prior to change	3,114,051 fully paid ordinary shares(Escrowed until 27.2.2010)490,000 fully paid ordinary shares(Not subject to escrow)2,000,000 unquoted options to subscribe forfully paid ordinary shares, exercisable on orbefore 27.2.2013 at 50 cents each(Escrowed until 27.2.2010)
Class	Shares	Options - Unquoted
Number acquired	69,586	Nil
Number disposed	Nil	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$3,824	N/A
No. of securities held after change	3,114,051 fully paid ordinary shares(Escrowed until 27.2.2010)559,586 fully paid ordinary shares(Not subject to escrow)2,000,000 unquoted options to subscribe forfully paid ordinary shares, exercisable on orbefore 27.2.2013 at 50 cents each(Escrowed until 27.2.2010)
Nature of change	Purchased on market.

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Emu Nickel NL - Appendix 3Y Lodged with ASX 22 October 2008

Part 2 – Change of director’s interests in contracts

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)
Date of change
No. and class of securities towhich interest related prior tochange
Interest acquired
Interest disposed
Value/Consideration
Interest after change

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Emu Nickel NL - Appendix 3Y Lodged with ASX 22 October 2008