EDEN INNOVATIONS LTD — Capital/Financing Update 2011

Dec 14, 2011

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AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

15 December 2011

ISSUE OF SHORTFALL SECURITIES UNDER PRO-RATA NON-RENOUNCEABLE RIGHTS

Eden reserved the right, in the prospectus dated 14 November 2011 ( Prospectus ) for the nonrenounceable pro-rata rights offer ( Offer ) made to shareholders of Eden Energy Ltd ( Eden ) who were on the register as at 5:00pm WST on 23 November 2011, to place any ordinary fully paid shares ( Shares ) and accompanying options, each to acquire 1 Share at an exercise price of $0.20 per Share at any time up to and including 30 June 2014 ( Options ), for which Eden did not receive valid acceptances ( Shortfall Securities ) within three months after the closing date of the Offer at a price which is not less than the price at which the Shares (and accompanying Options) were offered under the Offer.

As previously announced, Eden received applications for 1,691,736 Shares (and 1,691,736 accompanying Options) of the Shortfall Securities, raising an additional $84,586.80 and has now issued these additional securities.

Holding statements for these new Shares (and accompanying new Options) placed as part of the Shortfall Securities will be despatched on 15 December 2011.

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Gregory H. Solomon Executive Chairman

Level 40, Exchange Plaza 2 The Esplanade, Perth, Western Australia 6000 Telephone: (08) 9282 5889 Facsimile: (08) 9282 5866 Email: mailroom@edenenergy.com.au