EMU NL — Share Issue/Capital Change 2012

Dec 5, 2012

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ASX Release ASX Code: EMU 6 December 2012

2[nd] Floor, 16 Ord St West Perth WA 6005 PO Box 1112 West Perth WA 6872 Telephone 08 9226 4266 Facsimile 08 9485 2840 info@emunickel.com.au www.emunickel.com.au

ABN 50 127 291 927

PROPOSED SALE OF SMALL SHARE PARCELS

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Emu Nickel NL (ASX: EMU ) (the Company or Emu ) announces that it intends to undertake a sale of small share parcels.

A notice being dispatched to persons with less than a marketable parcel of shares is enclosed herewith.

For more information on the company visit www.emunickel.com.au

ABN 50 127 291 927

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6 December 2012

2[nd] Floor, 16 Ord St West Perth WA 6005 PO Box 1112 West Perth WA 6872 Telephone 08 9226 4266 Facsimile 08 9485 2840 info@emunickel.com.au www.emunickel.com.au

Dear Shareholder

SALE NOTICE RE: SMALL SHARE PARCELS

Emu Nickel NL (“Emu” or “Company”) currently has many shareholders on its share register who hold parcels (“Small Parcels”) of less than $500 in value based on the current share market price.

To assist in reducing the large shareholder base and the administrative costs associated with that base, Rule 8 of the Company’s Constitution (Unmarketable Parcels) provides the Company with the power to sell Small Parcels, at the Company’s cost, and to remit the proceeds to the shareholders whose shares have been disposed of in this manner. In many cases, such a sale may benefit the shareholders involved as it will allow their shares to be readily sold on the ASX (which they might otherwise find difficult to do due to the small size of their shareholding) and there will be no brokerage costs payable by them on the sale (as these will be borne by the Company).

Your shareholding (which is set out on the “Notice of Retention” on the reverse side of this notice) was a Small Parcel on the day prior to the date of this notice.

The Company would therefore like to sell your shareholding on your behalf, and this notice is to inform you that the Company intends to invoke the power of sale contained in Rule 8 of the Company’s Constitution in relation to your shareholding. If your shareholding is sold by the Company, it will forward you the proceeds from the sale after the sale is completed.

If you wish your shareholding to be sold there is no need to do anything.

If you do not wish for your shares to be sold you must complete the Notice of Retention and return it to the Company’s share registry (Security Transfer Registrars) by 17 January 2013.

Should you have any queries in relation to this matter please contact Security Transfer Registrars by telephone on (08) 9315 2333 or email at registrar@securitytransfer.com.au.

Yours faithfully EMU NICKEL NL

RUDOLF TIELEMAN Company Secretary

EMU NICKEL NL

ABN: 50 127 291 927

NOTICE OF RETENTION OF SHARES

«Holder_name» «Address_line_1» «Address_line_2» «Address_line_3» «Address_line_4» «Address_line_5»

Date: 6 December 2012

HIN/SRN: «Holder_type»«Holder_number» Unmarketable Holding: «Securities_1_»

The Directors

I/we refer to the notice by Emu Nickel NL (“Company”) dated 6 December 2012 and advise the Company that I/we wish to retain my/our shareholding in the Company.

Signatures(s)

Individual/Security holder 1 Security holder 2 Security holder 3 Sole Director & Sole Company Director/Company Secretary Director Secretary Dated: ...... /....... / .......

Daytime Telephone Number

PLEASE RETURN THIS NOTICE TO THE COMPANY’S SHARE REGISTRY:

SECURITY TRANSFER REGISTRARS PTY LTD

Delivery: Post: 770 Canning Highway PO BOX 535 Facsimile: (08) 9315 2233 APPLECROSS WA 6153 APPLECROSS WA 6953 Telephone: (08) 9315 2333

Notes:

1. For full details, please read the Sale Notice on the reverse side of this notice. 2. If you wish to retain your shareholding in the Company, please sign this notice in the space provided and return it to the Company’s share registry.

2. Notice in respect of a corporation must be executed in accordance with the constitution of that corporation.

3. Notices signed under power of attorney or by the executor of an estate must be accompanied by a copy of that power or letters of administration, as the case may be, unless previously lodged for noting.

4. In the case of holdings held by two or more persons, all holders must sign.

5. Please provide your daytime telephone number so we can contact you if there are any problems with your Notice of Retention.

THIS NOTICE OF RETENTION MUST BE RECEIVED BY THE COMPANY’S SHARE REGISTRY BY NO LATER THAN 5.00PM WST ON 17 JANUARY 2013