EMU NL — Major Shareholding Notification 2008

Feb 24, 2008

EMU NICKEL NL FULLY PAID SHARES SPREAD & TOP 20 LISTING

Date - 20/02/08

SPREADOF HOLDINGSHOLDERS NIL HOLDING1 - 1,000 6141,001 - 5,000 8695,001 - 10,000 35810,001 - 100,000 605100,001 -63 TOTAL ON REGISTER 2509 TOTAL OVERSEAS HOLDERS 67ANALYSISBY LOCATION(EXCLUDES ZERO HOLDERS)OVERSEAS 67AUSTRALIA :ACT 62NSW 540VIC 415QLD 335SA 114WA 912TAS 33NT 21ADDRESS UNKNOWN 10 2509	SPREADOF HOLDINGSHOLDERS NIL HOLDING1 - 1,000 6141,001 - 5,000 8695,001 - 10,000 35810,001 - 100,000 605100,001 -63 TOTAL ON REGISTER 2509 TOTAL OVERSEAS HOLDERS 67ANALYSISBY LOCATION(EXCLUDES ZERO HOLDERS)OVERSEAS 67AUSTRALIA :ACT 62NSW 540VIC 415QLD 335SA 114WA 912TAS 33NT 21ADDRESS UNKNOWN 10 2509	SPREADOF HOLDINGSHOLDERS NIL HOLDING1 - 1,000 6141,001 - 5,000 8695,001 - 10,000 35810,001 - 100,000 605100,001 -63 TOTAL ON REGISTER 2509 TOTAL OVERSEAS HOLDERS 67ANALYSISBY LOCATION(EXCLUDES ZERO HOLDERS)OVERSEAS 67AUSTRALIA :ACT 62NSW 540VIC 415QLD 335SA 114WA 912TAS 33NT 21ADDRESS UNKNOWN 10 2509	UNITS 351,5162,521,3862,775,40817,815,205 36,365,425 59,828,940 3,202,7553,202,755280,431	UNITS 351,5162,521,3862,775,40817,815,205 36,365,425 59,828,940 3,202,7553,202,755280,431	%	OF IS	SUEDCAPITAL.59 %4.21 %4.64 %29.78 % 60.78%100.00%5.35 %5.35 %.47 %	SUEDCAPITAL.59 %4.21 %4.64 %29.78 % 60.78%100.00%5.35 %5.35 %.47 %	SUEDCAPITAL.59 %4.21 %4.64 %29.78 % 60.78%100.00%5.35 %5.35 %.47 %	SUEDCAPITAL.59 %4.21 %4.64 %29.78 % 60.78%100.00%5.35 %5.35 %.47 %
	NSWVICQLDSAWATAS	540415	11,585,4012,840,01	048748			19.21.3..48..	36 %46 %19 %80 %83 %28 %
		335114	1,908,62479,59
		91233	29,212,56170,13
	NTADDRESS UNKNOWN	2110	96,17 53,23	85			. .	16 %09%
		2509	59,828,94	0			100.	00%

** ALL HOLDERS INCLUDED *** COMMON HOLDERS MERGED INTO ONE HOLDING