EMU NL — Director's Dealing 2012

May 27, 2012

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	1 July 2010
Date of this notice	28 May 2012

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

Direct or indirect interest	Direct and Indirect
Nature of indirect interest	Indirect interests held by:
(including registered holder)	Leeman Pty Ltd, a company controlled by Mr Sakalidis;
	G and J Sakalidis acting as joint trustees for the
	Sakalidis Superannuation Fund
Date of change/s	24, 25 May 2012
No. of securities held prior to change	2,097,583 fully paid ordinary shares (after having been
	consolidated on 4.4.2012 from 4,563,497 fully paid
	ordinary shares)
	919,588 unquoted options to subscribe for fully paid
	ordinary shares exercisable on or before 27.2.2013 at
	$1.0878 each (after having been consolidated on
	4.4.2012 from 2,000,000 unquoted options to
	subscribe for fully paid ordinary shares exercisable on
	or before 27.2.2013 at $0.50 each)
	252,804 unquoted options to subscribe for fully paid
	ordinary shares exercisable on or before 22.12.2014 at
	$0.5874 each (after having been consolidated from
	550,000 unquoted options to subscribe for fully paid
	ordinary shares exercisable on or before 22.12.2014 at
	$0.27 each)
Class	Fully paid ordinary shares
Number acquired	24,896
Number disposed	N/A
Value/Consideration	$2,092
Note: If consideration is non-cash, provide details and estimated
valuation

Emu Nickel NL - Appendix 3Y Lodged with ASX 28/05/2012

No. of securities held after change	2,122,479 fully paid ordinary shares
	919,588 unquoted options to subscribe for fully paid
	ordinary shares exercisable on or before 27.2.2013 at
	$1.0878 each
	252,804 unquoted options to subscribe for fully paid
	ordinary shares exercisable on or before 22.12.2014 at
	$0.5874 each
Nature of change	Shares purchased 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 to which
interest related prior to change
Interest acquired
Interest disposed
Value/Consideration
Interest after change

Part 3 – Closed period

Part 3 – Closed period
Were the interests in the securities or	No
contracts detailed above traded during a
closed period where prior written
clearance was required?
If so, was prior written clearance provided	N/A
to allow the trade to proceed during this
period?
If prior written clearance was provided, on	N/A
what date was this provided?

Emu Nickel NL - Appendix 3Y Lodged with ASX 28/05/2012