Emmerson Resources LimitedASX: ERM

Becoming a substantial holder

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Form 603 Corporations Act 2001 Section 671B Notice of initial substantial holder To: Company name/ Scheme EMMERSON RESOURCES LIMITED ACN/ARSN 117 086 745
  1. Details of substantial holder (1)

    Name Weiss Asset Management LP and on behalf of Brookdale International Partners, L.P., Brookdale Global Opportunity Fund, BIP GP LLC, WAM GP LLC and Andrew Weiss (Weiss Group)

    ACN/ARSN (if applicable) Not applicable

    The holder became a substantial holder on

    23 April 2026

  2. Details of voting power

    The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

    Class of securities (4)

    Number of securities

    Persons' votes (5)

    Voting power (6)

    Ordinary Fully Paid ("Shares")

    33,443,647

    33,443,647

    5.03%

  3. Details of relevant interests

    The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

    Holder of relevant interest

    Nature of relevant interest (7)

    Class and number of securities

    Brookdale International Partners, L.P.

    Relevant interest holder under sections 608(1)(b) and 608(1)(c) of the Corporations Act 2001(Cth) and through the relevant interests held by its associate Brookdale Global Opportunity Fund.

    33,443,647 Shares

    Brookdale Global Opportunity Fund

    Relevant interest holder under sections 608(1)(b) and 608(1)(c) of the Corporations Act 2001(Cth) and through the relevant interests held by its associate Brookdale International Partners, L.P.

    33,443,647 Shares

    Weiss Asset Management LP

    Relevant interest holder under sections 608(1)(b) and 608(1)(c) of the Corporations Act 2001(Cth) as investment manager of Brookdale International Partners, L.P. and Brookdale Global Opportunity Fund.

    33,443,647 Shares

    BIP GP LLC

    Relevant interest holder under sections 608(1)(b), and 608(1)(c) of the Corporations Act 2001(Cth) as general partner of Brookdale International Partners, L.P. and through the relevant interests held by its associate WAM GP LLC.

    33,443,647 Shares

    WAM GP LLC

    Relevant interest holder under sections 608(1)(b) and 608(1)(c) of the Corporations Act 2001(Cth) as general partner of Weiss Asset Management LP which is the investment manager of Brookdale International Partners, L.P. and Brookdale Global Opportunity Fund.

    33,443,647 Shares

    Andrew Weiss

    Relevant interest holder under sections 608(1)(b), 608(1)(c) and 608(3) of the Corporations Act 2001(Cth) through control of BIP GP LLC and WAM GP LLC which is an associate of Brookdale International Partners,

    L.P and Brookdale Global Opportunity Fund.

    33,443,647 Shares

  4. Details of present registered holders

    The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

    Holder of relevant interest

    Registered holder of securities

    Person entitled to be registered as holder (8)

    Class and number of securities

    Weiss Group

    BNP Paribas Securities Services, (Australia Branch) - A/C Barclays Capital

    Brookdale International Partners, L.P. in respect of 3,063,074 Shares and Brookdale Global Opportunity Fund in respect of 5,688,563 Shares

    8,751,637 Shares

    Weiss Group

    HSBC Custody Nominees (Australia) Limited - A/C Goldman Sachs International, London

    Brookdale International Partners, L.P. in respect of 3,960,365 Shares and Brookdale Global Opportunity Fund in respect of 7,354,963 Shares

    11,315,328 Shares

    Weiss Group

    Citigroup Pty. Limited, Melbourne, Australia - A/C J.P. Morgan Securities LLC

    Brookdale International Partners, L.P. in respect of 4,358,892 Shares and Brookdale Global Opportunity Fund in respect of 8,095,083 Shares

    12,453,975 Shares

    Weiss Group

    HSBC Custody Nominees (Australia) Limited - A/C Morgan Stanley & Co.

    Brookdale International Partners, L.P. in respect of 322,878 Shares and Brookdale Global Opportunity Fund in respect of 599,629 Shares

    922,507 Shares

    Weiss Group

    Citibank, Melbourne, Australia -A/C UBS AG, Prime Brokerage Services (Ldn)

    Brookdale International Partners, L.P. in respect of 70 Shares and Brookdale Global Opportunity Fund in respect of 130 Shares

    200 Shares

  5. Consideration

    The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the two months prior to the day that the substantial holder became a substantial holder is as follows:

    Holder of relevant interest

    Date of transaction

    Acquisition or disposal

    Consideration (9)

    Class and number of securities

    Cash

    Non-cash

    10-Mar-2026

    Weiss Group

    Acquisition

    0.4225

    0

    200000 Shares

    10-Mar-2026

    Weiss Group

    Acquisition

    0.417927722

    0

    7575931 Shares

    11-Mar-2026

    Weiss Group

    Acquisition

    0.414656428

    0

    185485 Shares

    11-Mar-2026

    Weiss Group

    Acquisition

    0.41639204

    0

    67385 Shares

    11-Mar-2026

    Weiss Group

    Acquisition

    0.420207835

    0

    3956357 Shares

    12-Mar-2026

    Weiss Group

    Acquisition

    0.39996721

    0

    1700000 Shares

    13-Mar-2026

    Weiss Group

    Acquisition

    0.39615439

    0

    352581 Shares

    16-Mar-2026

    Weiss Group

    Acquisition

    0.37957299

    0

    352921 Shares

    16-Mar-2026

    Weiss Group

    Acquisition

    0.37952633

    0

    470174 Shares

    17-Mar-2026

    Weiss Group

    Acquisition

    0.39227941

    0

    1105025 Shares

    18-Mar-2026

    Weiss Group

    Acquisition

    0.395

    0

    180000 Shares

    18-Mar-2026

    Weiss Group

    Acquisition

    0.3925

    0

    86709 Shares

    18-Mar-2026

    Weiss Group

    Acquisition

    0.3875

    0

    3900 Shares

    18-Mar-2026

    Weiss Group

    Acquisition

    0.39362363

    0

    833970 Shares

    19-Mar-2026

    Weiss Group

    Acquisition

    0.3625

    0

    10000 Shares

    19-Mar-2026

    Weiss Group

    Acquisition

    0.36283333

    0

    750000 Shares

    20-Mar-2026

    Weiss Group

    Acquisition

    0.3425

    0

    25855 Shares

    20-Mar-2026

    Weiss Group

    Acquisition

    0.345

    0

    22055 Shares

    23-Mar-2026

    Weiss Group

    Acquisition

    0.322826839

    0

    176876 Shares

    24-Mar-2026

    Weiss Group

    Acquisition

    0.343602299

    0

    134000 Shares

    24-Mar-2026

    Weiss Group

    Acquisition

    0.340736326

    0

    246657 Shares

    25-Mar-2026

    Weiss Group

    Acquisition

    0.355119785

    0

    805942 Shares

    26-Mar-2026

    Weiss Group

    Acquisition

    0.3566422

    0

    100000 Shares

    27-Mar-2026

    Weiss Group

    Acquisition

    0.36

    0

    35000 Shares

    27-Mar-2026

    Weiss Group

    Acquisition

    0.35823371

    0

    35000 Shares

    30-Mar-2026

    Weiss Group

    Acquisition

    0.35231067

    0

    15000 Shares

    30-Mar-2026

    Weiss Group

    Acquisition

    0.35

    0

    2614 Shares

    31-Mar-2026

    Weiss Group

    Acquisition

    0.364238228

    0

    279073 Shares

    31-Mar-2026

    Weiss Group

    Acquisition

    0.36

    0

    19854 Shares

    1-Apr-2026

    Weiss Group

    Acquisition

    0.385

    0

    111621 Shares

    1-Apr-2026

    Weiss Group

    Acquisition

    0.3875

    0

    15987 Shares

    2-Apr-2026

    Weiss Group

    Acquisition

    0.3925

    0

    15000 Shares

    2-Apr-2026

    Weiss Group

    Acquisition

    0.395

    0

    8000000 Shares

    2-Apr-2026

    Weiss Group

    Acquisition

    0.377932346

    0

    120910 Shares

    7-Apr-2026

    Weiss Group

    Acquisition

    0.388827444

    0

    227870 Shares

    9-Apr-2026

    Weiss Group

    Acquisition

    0.410344795

    0

    400000 Shares

    10-Apr-2026

    Weiss Group

    Acquisition

    0.405

    0

    54661 Shares

    13-Apr-2026

    Weiss Group

    Acquisition

    0.404396849

    0

    850000 Shares

    14-Apr-2026

    Weiss Group

    Acquisition

    0.4225

    0

    200 Shares

    14-Apr-2026

    Weiss Group

    Acquisition

    0.42137075

    0

    1733624 Shares

    15-Apr-2026

    Weiss Group

    Acquisition

    0.425

    0

    559306 Shares

    16-Apr-2026

    Weiss Group

    Acquisition

    0.4196665

    0

    134932 Shares

    17-Apr-2026

    Weiss Group

    Acquisition

    0.417964456

    0

    168665 Shares

    20-Apr-2026

    Weiss Group

    Acquisition

    0.43

    0

    400000 Shares

    21-Apr-2026

    Weiss Group

    Acquisition

    0.428573422

    0

    349350 Shares

    22-Apr-2026

    Weiss Group

    Acquisition

    0.42

    0

    140000 Shares

    23-Apr-2026

    Weiss Group

    Acquisition

    0.404986241

    0

    433157 Shares

  6. Associates

    The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

    Name and ACN/ARBN (if applicable)

    Nature of association

    Not applicable

  7. Addresses

The addresses of the person named in this form are as follows:

Name

Address

Weiss Asset Management LP

222 Berkeley St., 16th Floor, Boston, MA 02116, USA

Brookdale International Partners, L.P.

c/o Weiss Asset Management LP, 222 Berkeley St., 16th Floor, Boston, MA 02116, USA

Brookdale Global Opportunity Fund

c/o Weiss Asset Management LP, 222 Berkeley St., 16th Floor, Boston, MA 02116, USA

BIP GP LLC

c/o Weiss Asset Management LP, 222 Berkeley St., 16th Floor, Boston, MA 02116, USA

WAM GP LLC

c/o Weiss Asset Management LP, 222 Berkeley St., 16th Floor, Boston, MA 02116, USA

Andrew Weiss

c/o Weiss Asset Management LP, 222 Berkeley St., 16th Floor, Boston, MA 02116, USA

Signature

Date: 24 April 2026



print name Mary Merrigan capacity: Authorized Signatory sign here DIRECTIONS
  1. If there are a number of substantial holders with similar or related relevant interests (eg a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.

  2. See the definition of "associate" in section 9 of the Corporations Act 2001.

  3. See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

  4. The voting units of a company constitute one class unless divided into separate classes.

  5. The total number of votes attached to all the voting units in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.

  6. The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

  7. Include details of:

    1. any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangements, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

    2. any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

      See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

  8. If the substantial holder is unable to determine the identity of the person (eg if the relevant interest arises because of an option)

    write "unknown".

  9. Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.