EMU NL — Director's Dealing 2013

Aug 18, 2013

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EMU NL ABN 50 127 291 927

19 August 2013

The Manager ASX Limited Exchange Plaza Level 8, 2 The Esplanade PERTH WA 6000

Dear Sir

Emu NL – Change of Director’s Interest Notice

We refer to your letter to Emu NL ( Company ) dated 14 August 2013 and provide the following responses:

1. The Director concerned provided the necessary information to the Company Secretary well within the timeframes stipulated in ASX Listing Rule 3.19A. Due to a simple clerical oversight by the Company Secretary the Appendix 3Y was lodged 2 hours outside of the time frame.

2. The Company believes it has adequate arrangements in place, which include processes to inform the Company’s directors of their obligations to advise the Company of securities trading activity and acknowledgments from directors of their obligations in relation to those matters.

3. The Company does not believe the current arrangements to be inadequate.

Should you wish to to discuss this matter further, please have no hesitation to contact me.

Yours sincerely

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Dennis Wilkins Company Secretary

10 Walker Avenue, West Perth, WA 6005, PO Box 1112, West Perth, WA 6872 T +61 8 9226 4266, E info@emunickel.com.au, www.emunickel.com.au

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ASX Compliance Pty Limited ABN 26 087 780 489 Level 8 Exchange Plaza 2 The Esplanade PERTH WA 6000

GPO Box D187 PERTH WA 6840

Telephone 61 8 9224 0000 Facsimile 61 8 9221 2020 www.asx.com.au

14 August 2013

Mr Dennis Wilkins Company Secretary Emu Nickel NL 10 Walker Avenue PERTH WA 6000

By Email: dw@dwcorporate.com

Dear Dennis

Emu Nickel NL (the “Company”) Appendix 3Y – Change of Director’s Interest Notice.

We refer to the following;

1. The Appendix 3Y lodged by the Company with ASX Limited (“ASX”) on 2 August 2013 for Mr Gregory Hugh Steemson.

2. Listing rule 3.19A which requires an entity to tell ASX the following:

   • 3.19A.1 The notifiable interests of a director of the entity (or in the case of a trust, a director of the responsible entity of the trust) at the following times.

     • On the date that the entity is admitted to the official list.

     • On the date that a director is appointed.

     • The entity must complete Appendix 3X and give it to ASX no more than 5 business days after the entity’s admission or a director’s appointment.

   • 3.19A.2 A change to a notifiable interest of a director of the entity (or in the case of a trust, a director of the responsible entity of the trust). The entity must complete Appendix 3Y and give it to ASX no more than 5 business days after the change occurs.

   • 3.19A.3 The notifiable interests of a director of the entity (or in the case of a trust, a director of the responsible entity of the trust) at the date that the director ceases to be a director. The entity must complete Appendix 3Z and give it to ASX no more than 5 business days after the director ceases to be a director.

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1. Listing rule 3.19B which states as follows.

An entity must make such arrangements as are necessary with a director of the entity (or in the case of a trust, a director of the responsible entity of the trust) to ensure that the director discloses to the entity all the information required by the entity to give ASX completed Appendices 3X, 3Y and 3Z within the time period allowed by listing rule 3.19.A. The entity must enforce the arrangements with the director.

1. The Companies Update dated 27 June 2008, reminding listed entities of their obligation to notify ASX within 5 business days of the notifiable interests in securities held by each director and outlining the action that ASX would take in relation to breaches of listings rules 3.19A and 3.19B.

As the Appendix 3Y indicated that changes in the directors’ relevant interests occurred on 25 July 2013, it appears that the Appendix 3Y should have been lodged with the ASX by 1 August 2013. As the Appendix 3Y was lodged on 2 August 2013, it appears that the Company may be in breach of listing rules 3.19A and/or 3.19B.

Please note that ASX is required to record details of breaches of the listing rules by listed companies for its reporting requirements.

ASX reminds the Company of its contract with ASX to comply with the listing rules. In the circumstances ASX considers that it is appropriate that the Company make necessary arrangements to ensure there is not a reoccurrence of a breach of the listing rules.

Having regard to listing rules 3.19A and 3.19B and Guidance Note 22: “Director Disclosure of Interests and Transactions in Securities - Obligations of Listed Entities”, we ask that you answer each of the following questions:

1. Please explain why the Appendix 3Y was lodged late.

2. What arrangements does the Company have in place with its directors to ensure that it is able to meet its disclosure obligations under listing rule 3.19A?

• 3 If the current arrangements are inadequate or not being enforced, what additional steps does the Company intend to take to ensure compliance with listing rule 3.19B?

Your response should be sent to me by e-mail to adam.russo@asx.com.au or facsimile on facsimile number (08) 9221 2020. It should not be sent to the Company Announcements Office.

A response is requested as soon as possible (i.e. before 8.00am W.S.T.) on Tuesday 20 August 2013 .

Under listing rule 18.7A, a copy of this query and your response will be released to the market, so your response should be in a form suitable for release and should separately address each of the questions asked. If you have any queries or concerns, please contact me immediately

Yours sincerely,

[ sent electronically without signature ]

Adam Russo Adviser, Listings Compliance (Perth)

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