Announcement PDF EMU NL ABN 50 127 291 927 NON-RENOUNCEABLE ENTITLEMENT OFFER 12 January 2016 EMU NL Non-Renounceable Entitlement Offer – Notification of Shortfall Emu NL (“Emu” or the “Company”) (ASX: EMU) advises that the Company’s pro-rata nonrenounceable entitlement issue of up to 15,069,342 new listed options at $0.02 per new option (New Option) on the basis of 1 New Option for every 5 Shares and 1 New Option for every 5 Contributing Shares held on the record date, closed on 7 January 2016. The Company received applications, from eligible shareholders, to subscribe for 11,757,049 New Options, totalling $235,140.98, leaving an underwritten shortfall of 3,435,431 New Options to be placed by the Underwriters, the Directors of the Company Messrs. Thomas, Steemson and Rutherford. Total number of New Options offered: 15,069,342 Number of New Options applied for: 11,757,049 Shortfall to be placed by the Underwriters: 3,312,293 The Directors wish to thank Shareholders for their continued support of the Company and advise that holder statements will be issued on 12 January 2016. Yours faithfully Dennis Wilkins Company Secretary