Announcement PDF EMU NL Rights Issue Allotment to Underwriters 10 March 2023 Emu NL (EMU) advises that it has issued 214,117,068 shares pursuant to shortfall applications for the rights issue first announced 9 February 2023. The above shares were issued in addition to the issue of shares to shareholders following their rights, as announced on 7 March 2023. The Company has now issued a total of 762,753,174 shares pursuant to the rights issue and shortfall applications, raising a total of $1,525,506 before costs. EMU has closed the fully underwritten rights issue, and there is no remaining shortfall to be placed. The capital structure of the Company following allotment is as follows: Listed: Code Number Fully paid ordinary shares* EMU 1,450,021,079 Partly paid ordinary shares ($0.03 paid, $0.03 unpaid, no call before 31.12.2023 EMUCA 40,485,069 Unlisted: Partly paid ordinary shares ($0.0001 paid; $0.04 unpaid; no call before 31.12.2024) 35,000,000 Options to acquire fully paid ordinary shares (EMU), exercisable at $0.075 each, expiry 15.3.2023 33,320,000 Options to acquire fully paid ordinary shares (EMU), exercisable at $0.01 each, expiry 7.10.2024 172,453,621 Performance Rights (Gnows Nest acquisition) 48,571,429 * Includes 18.6m shares which can be bought back by Emu for nil consideration. Authorised for release by the Board Investor enquiries T +61 8 9226 4266 E info@emunl.com.au Page 1