EDEN INNOVATIONS LTD — Capital/Financing Update 2011

Oct 30, 2011

ACN 109 200 900

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AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT 31 October 2011

PRO-RATA NON-RENOUNCEABLE RIGHTS ISSUE

Eden Energy Ltd ( Eden ) intends to make a non-renounceable pro-rata rights offer of fully paid ordinary Eden shares ( Shares ) to eligible Eden shareholders at a price of $0.05 per Share (the Offer ). The Offer will be open to all Eden shareholders who are on the register as at 5.00pm WST on 16 November 2011 (the Record Date ) and who have a registered address in Australia or New Zealand. Under the Offer, Eden will make an offer to all eligible Eden shareholders of two (2) Shares for every seven (7) Shares held as at the Record Date, at a price of $0.05 per Share, together with one (1) free attaching Eden option (each to acquire one Share at an exercise price of $0.20 per Share at any time up to and including 30 June 2014) for every one (1) Share issued under the Offer.

The anticipated Timetable for the Offer is as follows:

Offer announcement	31October 2011
Lodgement of rights issue offer document and Appendix 3Bwith ASX	8 November 2011
Notice sent to shareholders	9 November 2011
Ex date	10 November 2011
Record Date for determiningentitlements	16 November 2011
Offer document despatched to eligible shareholders	17 November 2011
Closingdate of theOffer	1 December 2011
Securitiesquoted on a deferred settlement basis	2 December 2011
Companynotifies ASX of under subscriptions	6 December 2011
Despatch of holdingstatements	9 December 2011

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Gregory Howard Solomon Chairman

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