EDEN INNOVATIONS LTD — Capital/Financing Update 2017

Apr 11, 2017

ACN 109 200 900

==> picture [128 x 55] intentionally omitted <==

AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

12 April 2017

Group Incentive Plan Issue of ESOP Options

The directors advise that they have issued the final batch of 2,010,000 unlisted ESOP options exercisable at $0.27 and expiring 28 February 2020 (the “27c ESOP Options”) out of the 28,000,000 27c ESOP Options approved and announced on 26 August 2016, to members who recently joined the US sales and business development team. This brings the total of the 27c ESOP Options to 27,531,269 out of the 28,000,000 approved. All of these options are subject to the rules contained in the ESOP.

These options vest over a three year period for each employee / consultant, in three equal annual tranches on 31 August 2017, 31 August 2018 and 31 August 2019 (each will receive one third of their total entitlement each year), subject to them still being employed on each vesting date.

No other equity performance or incentive package is planned for any of these employees / consultants during this crucial three year period of the company’s development, unless there is a change in an individual employee’s function or level of responsibility. Future employees may also be added to this plan from time to time.

No directors of the company (or their related parties) will receive any of these ESOP options.

==> picture [147 x 31] intentionally omitted <==

Gregory H. Solomon Executive Chairman

Eden Innovations Ltd | Telephone +61 8 9282 5889 Level 15, 197 St George’s Terrace, Perth, Western Australia 6000, Australia | edeninnovations.com