EMU NL — Director's Dealing 2008

Jul 8, 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	26 June 2008
Date of this notice	9 July 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	Between 4 and 9 July 2008
	No. of securities held prior to change	3,114,051 fully paid ordinary shares(Escrowed until 27.2.2010)150,000 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
		40,649		Nil
	Number acquired	40,649
	Number disposed	Nil		Nil
				N/A
	Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation
	No. of securities held after change	3,114,051 fully paid ordinary shares(Escrowed until 27.2.2010)190,649 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)

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Emu Nickel NL - Appendix 3Y Lodged with ASX 9 July 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 9 July 2008