EMU NL — Director's Dealing 2008

Sep 15, 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	16 July 2008
Date of this notice	16 September 2008

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

	Direct or indirect interest	Direct and Indirect	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	11 September 2008
	No. of securities held prior to change	3,114,051 fully paid ordinary shares(Escrowed until 27.2.2010)210,000 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	180,000		Nil
	Number disposed	Nil		Nil
	Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$16,549		N/A
	No. of securities held after change	3,114,051 fully paid ordinary shares(Escrowed until 27.2.2010)390,000 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)
		(N2,fub	ot subject to escrow)000,000 unquoted options to subscribe flly paid ordinary shares, exercisable onf 2722013 50 h

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Emu Nickel NL - Appendix 3Y Lodged with ASX 16 September 2008

Nature of change

Purchase on market.

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 16 September 2008