EMU NL — Share Issue/Capital Change 2026

May 12, 2026

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Announcement Summary

Entity name
EMU NL

Date of this announcement
Wednesday May 13, 2026

The +securities the subject of this notification are:
+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Total number of +securities to be issued/transferred

ASX +security code	Security description	Total number of +securities to be issued/transferred	Issue date
EMUAF	OPTION EXPIRING 31-JAN-2027 EX $0.03	36,200,000	13/05/2026

Refer to next page for full details of the announcement

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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
ACN
Registration number
127291927

1.3 ASX issuer code
EMU

1.4 The announcement is
New announcement

1.5 Date of this announcement
13/5/2026

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Part 2 - Issue details

2.1 The +securities the subject of this notification are:
+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

Announcement Date and Time	Announcement Title	Selected Appendix 3B to submit quotation request
25-Mar-2026 10:01	New - Proposed issue of securities - EMU	A placement or other type of issue

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?
Yes

2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B

Further securities to be issued under Shortfall Offer

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description
EMUAF : OPTION EXPIRING 31-JAN-2027 EX $0.03

Date the +securities the subject of this notification were issued
13/5/2026

Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities
36,200,000

Were the +securities issued for a cash consideration?
No

Please describe the consideration being provided for the +securities
Free attaching options to shares issued pursuant to NRRI Shortfall Offer

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Part 4 - +Securities on issue

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

The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.

4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)

ASX +security code and description	Total number of +securities on issue
EMU : ORDINARY FULLY PAID	351,535,123
EMUCA : ORDINARY PARTLY PAID TO 90C, 90C UNPAID	1,349,586

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

ASX +security code and description	Total number of +securities on issue
EMUAR : PARTLY PAID ORDINARY SHARES	5,705,622
EMUAY : OPTION EXPIRING 28-SEP-2030 EX $0.05	35,917,078
EMUAF : OPTION EXPIRING 31-JAN-2027 EX $0.03	101,569,577
EMUAL : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	10,579,193
EMUAD : OPTION EXPIRING 31-OCT-2026 EX $0.10	33,550,000

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities