Announcement PDF Appendix 3Y Change of Director’s Interest Notice Appendix 3Y Change of Director’s Interest Notice Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public. Introduced 30/09/01 Amended 01/01/11 Name of entity: EMU NL ABN: 50 127 291 927 We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act. Name of Director Gavin Rutherford Date of last notice 23 January 2017 Part 1 - Change of director’s relevant interests in securities In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part. Direct or indirect interest Nature of indirect interest (including registered holder) (i) Direct (ii) Indirect G A R Rutherford & M L Rutherford <The Gavelle Super Fund A/C> Note: Provide details of the circumstances giving rise to the relevant interest. Date of change/s 7 March 2017 No. of securities held prior to change (i) (ii) Class Number acquired Number disposed Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation + See chapter 19 for defined terms. 01/01/2011 Nil 936,404 fully paid ordinary shares 1,980,064 contributing shares (paid as to $0.03, unpaid as to $0.03) 883,294 options ($0.10, 30 March 2017) Refer above and below (i) 1,000,000 options ($0.10, 20/12/18) (ii) 883,294 fully paid ordinary shares (ii) 883,294 options ($0.10, 30/3/17) (i) Issued as part remuneration for services as director – refer to section 4 the explanatory statement to Emu’s notice of meeting dated 5 Jan 2017 (ii) $0.10 per share; options converted to shares Appendix 3Y Page 1 Appendix 3Y Change of Director’s Interest Notice No. of securities held after change (i) 1,000,000 options ($0.10, 20/12/18) (ii) 1,819,698 fully paid ordinary shares 1,980,064 contributing shares (paid as to $0.03, unpaid as to $0.03) Nature of change (i) Issued as part remuneration for services as director (ii) Exercise of listed options Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back Part 2 – Change of director’s interests in contracts Detail of contract N/A Nature of interest N/A Name of registered holder (if issued securities) N/A Date of change N/A No. and class of securities to which interest related prior to change N/A Note: Details are only required for a contract in relation to which the interest has changed Interest acquired N/A Interest disposed N/A Value/Consideration N/A Note: If consideration is non-cash, provide details and an estimated valuation Interest after change N/A Part 3 – Closed period Were the interests in the securities or contracts detailed above traded during a closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade to proceed during this period? No If prior written clearance was provided, on what date was this provided? N/A + See chapter 19 for defined terms. 01/01/2011 N/A Appendix 3Y Page 2