Announcement PDF Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Announcement Summary Entity name EMU NL Date of this announcement Tuesday November 16, 2021 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 EMUAL Security description OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES Refer to next page for full details of the announcement Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 1/5 Total number of +securities to be issued/transferred Issue date 33,320,000 15/11/2021 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 Registration number ACN 127291927 1.3 ASX issuer code EMU 1.4 The announcement is New announcement 1.5 Date of this announcement 16/11/2021 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 2/5 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 05-Nov-2021 09:56 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? No Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 3/5 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 EMUAL : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES Date the +securities the subject of this notification were issued 15/11/2021 Any other information the entity wishes to provide about the +securities the subject of this notification Options exercisable at $0.075 each on or before 15 March 2023 Issue details Number of +securities 33,320,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Free Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 4/5 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 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 +securities on issue ASX +security code and description EMU : ORDINARY FULLY PAID 549,814,484 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) ASX +security code and description Total number of +securities on issue EMUAQ : PERFORMANCE RIGHTS 48,571,429 EMUAL : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES 55,320,000 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 5/5