EMU NL — Share Issue/Capital Change 2022

Nov 15, 2022

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

EMU NL

Date of this announcement

Wednesday November 16, 2022

The +securities the subject of this notification are:

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Unquoted options that have been exercised or other unquoted +convertible securities that have been converted

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Unquoted partly paid ordinary shares with 4 cents	35,000,000	16/11/2022
to be confirmed	payable on call

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

EMU NL

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ABN

Registration number

50127291927

1.3 ASX issuer code

EMU

1.4 The announcement is

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New announcement

1.5 Date of this announcement

16/11/2022

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

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Unquoted options that have been exercised or other unquoted +convertible securities that have been converted

2.2b The +securities being issued, transferred or re-classified as a result of the options being exercised or other +convertible securities being converted are:

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in a class which is not quoted on ASX and which does not have an existing ASX security code ("new class")

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX

in an Appendix 3B

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by: An issue of new +securities

The underlying securities being received by the holder are: Are not, and are not intended to be, quoted by ASX

Existing +securities converting into a new class

FROM (Existing Class) ASX +Security code and description

EMUAC : OPTION EXPIRING 15-NOV-2022 EX $0.0001

TO (New Class) ASX +Security code New class - code to be confirmed

TO (New Class)

+Security description

Unquoted partly paid ordinary shares with 4 cents payable on call

TO (New Class) TO (New Class) +Security type ISIN code Ordinary fully or partly paid shares/units Please state the number of options The first date the options were The last date the options were that were exercised or other exercised or other +convertible exercised or other +convertible +convertible securities that were securities were converted securities were converted converted 15/11/2022 15/11/2022 35,000,000

Is this all of the options or other +convertible securities on issue of that type? Yes

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? No

Date the +securities the subject of this notification were issued

16/11/2022

Will the +securities rank equally in all respects from their issue date with the existing issued +securities in that class?

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Yes

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

Ordinary fully or partly paid shares/units Details

+Security currency AUD - Australian Dollar Are there CDIs issued over the +securities? No Is it a Partly Paid class of +security? Yes Paid Up Amount Unpaid Amount 0.00000000 0.04000000 Is it a stapled class of +security? No Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities 35,000,000

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

	Total number of
ASX +security code and description	+securities on issue
EMU : ORDINARY FULLY PAID	687,268,105
EMUCA : ORDINARY PARTLY PAID TO 3C, 3C UNPAID	40,485,069

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
EMUAQ : PERFORMANCE RIGHTS	48,571,429
EMUAC : OPTION EXPIRING 15-NOV-2022 EX $0.0001	0
EMUAL : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	33,320,000
New class - code to be confirmed : Unquoted partly paid ordinary shares with 4 cents	35,000,000
payable on call

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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