EDEN INNOVATIONS LTD — Capital/Financing Update 2012

Aug 21, 2012

A.C.N. 109 200 900

AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

21 August 2012

PRO-RATA NON-RENOUNCEABLE RIGHTS ISSUE

Eden Energy Ltd ( Eden ) is undertaking a non-renouncable pro-rata rights offer to Eden's shareholders to raise up to (if fully subscribed) approximately $2,956,572 (the Offer ). The Offer is open to all Eden shareholders who are on the register as at 5.00pm WST on 10 September 2012 (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 shareholders of one (1) fully paid ordinary Eden share for every one (1) fully paid ordinary Eden share held as at the Record Date, at a price of $0.009 per share.

The anticipated Timetable for the Offer is as follows:

Offer announcement	21 August 2012
Lodgement of cleansing notice and Appendix 3B with ASX	31 August 2012
Notice sent to shareholders	3 September 2012
Ex date	4 September 2012
Record Date for determining entitlements	10 September 2012
Offer document despatched to eligible shareholders	12 September 2012
Closing date of the Offer	28 September 2012
Securities quoted on a deferred settlement basis	1 October 2012
Company notifies ASX of under subscriptions	3 October 2012
Despatch of holding statements	8 October 2012

The Offer will be partially underwritten by RM Corporate Finance Pty Ltd to the extent of $1,500,000 and subunderwritten to the extent of $1,500,000 by Noble Energy Pty Ltd, Eden's largest shareholder.

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Gregory H Solomon Chairman

Level 15, 197 St Georges Terrace, Perth, Western Australia 6000 Telephone: (08) 9282 5889 Facsimile: (08) 9282 5866 Email: mailroom@edenenergy.com.au