Announcement PDF Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Announcement Summary Entity name EMU NL Date of this announcement Tuesday January 31, 2023 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 172,453,621 31/01/2023 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 ABN 50127291927 1.3 ASX issuer code EMU 1.4 The announcement is New announcement 1.5 Date of this announcement 31/1/2023 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 07-Oct-2022 11:12 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 31/1/2023 Any other information the entity wishes to provide about the +securities the subject of this notification Issue details Number of +securities 172,453,621 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities 137,453,621 free attaching options to placement of shares issued 17.10.2022 and 35,000,000 issued as broker options 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 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 +securities on issue ASX +security code and description EMUAR : PARTLY PAID ORDINARY SHARES 35,000,000 EMUAQ : PERFORMANCE RIGHTS 48,571,429 EMUAL : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES 205,773,621 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 5/5