EMU NL — Major Shareholding Notification 2013

Apr 10, 2013

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme Emu Nickel NL ACN/ARSN 127 291 927 1. Details of substantial holder (1) Name Peter Sisley Thomas ACN / ARSN (if applicable) N/A The holder became a substantial holder on 28 December 2012

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities(4)	Number of securities	Persons’ votes(5)	Voting power(6)
FullyPaid Ordinary Shares	5,501,993	5,501,993	12.34%
Contributing Shares (paid as to$0.03,unpaid as to$0.03)	5,100,954	2,550,477	5.72%
Total		8,052,470	18.06%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

er are as follows:
Holder of relevant interest	Nature of relevant interest(7)	Class and number of securities
Peter Sisley Thomas	Relevant interest under section608(2) of the Corporations Act as heis a joint trustee of the WaterfordRetirement Plan (a SMSF) and he isthe registered holder the shares asbare trustee for the joint trustees ofthe Waterford Retirement Plan	4,628,825 fully paid ordinaryshares4,628,825 Contributing Shares(paid as to $0.03, unpaid as to$0.03)
Peter Sisley Thomas	Relevant interest under section608(1) of the Corporations Act asPeter Thomas is the registeredholder of the shares and has thepower to exercise or control theexercise of the right to vote attachedto the shares	37,501 fully paid ordinaryshares438,540 Contributing Shares(paid as to $0.03, unpaid as to$0.03)
Peter Sisley Thomas	Relevant interest under section608(1) of the Corporations Act asPeter Thomas, being the soledirector of Super Metals CorporationPty Ltd the registered holder of theshares, has the power to exercise orcontrol the exercise of the right tovote attached to the shares	33,589 fully paid ordinaryshares33,589 Contributing Shares(paid as to $0.03, unpaid as to$0.03)
Peter Sisley Thomas	Relevant interest under section608(1) of the Corporations Act as aresult of Peter Thomas,beingone of	802,078 fully paid ordinaryshares

		two directors of Bullantco Pty Ltd, the
		registered holder of the shares, has
		the power to exercise or control the
		exercise of votes attached to shares
		held byBullantco
	ties referred to in paragraph 3 above are as follows:
	Registered holder ofPerson entitled to be			Class and number of
	securitiesregistered as holder(8)			securities

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of	Person entitled to be	Class and number of
	securities	registered as holder(8)	securities
	Peter Sisley
	Thomas A/C
	Waterford
Peter Sisley Thomas	Retirement Plan(Note: held as baretrustee for the jointtrustees of the	Peter Sisley Thomas andSusan Ann Goodwin as jointtrustees of the WaterfordRetirement Plan	4,628,825 fully paidordinary shares4,628,825 ContributingShares (paid as to $0.03,unpaid as to $0.03)
	Waterford
	Retirement Plan – a
	SMSF)
			37,501 fully paid ordinary
Peter Sisley Thomas	Peter SisleyThomas	Peter Sisley Thomas	shares438,540 ContributingShares (paid as to $0.03,
			unpaid as to $0.03)
Peter Sisley Thomas	Super Metals	Super Metals Corporation Pty	33,589 fully paid ordinary
	Corporation Pty Ltd	Ltd	shares
			33,589 Contributing
			Shares (paid as to $0.03,
			unpaid as to$0.03)
Peter Sisley Thomas	Bullantco Pty Ltd	Bullantco Pty Ltd	802,078 fully paid
			ordinary shares

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

a substantial holder is as follows:
Holder of relevant interest	Date of acquisition	Consideration	(9)	Class and number of securities
		Cash	Non-cash
Peter Sisley Thomas	5 April 2013	$12,031.17		401,039 contributing shares
Peter Sisley Thomas	18 February 2013	$140,997.45		4,699,915 contributing shares
Peter Sisley Thomas	18 February 2013	$54,541.30		802,078 fully paid ordinary shares
Peter Sisley Thomas	28 December 2012	$250,000.00		3,571,428 fully paid ordinaryshares
Peter Sisley Thomas	23 November 2012	$78,370.00		783,707 fully paid ordinary shares

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name andACN/ARSN(ifapplicable)	Nature ofassociation
N/A	N/A

7. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Peter Sisley Thomas and Susan Ann Goodwinboth of care of	PO Box 1059West Perth 6872
Super Metals Corporation Pty Ltd of care of	PO box 1059West Perth 6872
Bullantco Pty Ltd care of	Suite 4, 20 Twickenham RoadBurswood WA 6100

Signature

print name Peter Sisley Thomas capacity Holder

sign here

date 11 / 04 / 2013

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.

• (2) See the definition of “associate” in section 9 of the Corporations Act 2001.

• (3) See the definition of “relevant interest” in sections 608 and 671B(7) of the Corporations A.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.

• (6) The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (7) Include details of:

• (a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of “relevant agreement” in section 9 of the Corporations Act 2001.

• (8) If the substantial holder is unable to determine the identity of the person (eg. If the relevant interest arises because of an option) write “unknown”.

• (9) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.