EDEN INNOVATIONS LTD — Capital/Financing Update 2019

Aug 8, 2019

ACN 109 200 900

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AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

9 August 2019

Share Purchase Plan

The Directors of Eden Innovations Ltd ( Eden ) are pleased to announce an offer to all eligible shareholders of Eden to participate in a share purchase plan ( SPP ), pursuant to which Eden plans to raise up to A$8,000,000 through the issue of up to 160,000,000 ordinary shares in Eden ( Shares ). The SPP will allow all eligible shareholders to purchase up to A$15,000 of additional Shares at a price of A$0.05 per Share, without brokerage and transaction costs, on the terms and conditions to be set out in the SPP offer document. The SPP will be open to all Eden shareholders who were on the register as at 5.00pm WST on Thursday the 8[th] of August 2019 (the Record Date ) and who have a registered address in Australia or New Zealand.

During the week commencing 12 August 2019 all eligible shareholders will receive the SPP offer document and a personalised application form.

Given the number of Eden’s shareholders at the Record Date, each of whom will have a right to subscribe for up to A$15,000 of additional Shares, it is possible that Eden could receive from eligible shareholders applications for Shares which, in aggregate, exceed the maximum number of Shares proposed to be allotted under the SPP. Therefore the Directors of Eden have determined that, in the event that Eden receives applications for, in aggregate, more than 160,000,000 Shares, Eden may close the offer early and/or scale back applications received from eligible shareholders. If Eden scales back applications, it will allocate the new Shares being offered under the SPP to eligible shareholders at the discretion of the directors, having regard to amongst other things the amount applied for and the existing shareholding (size of holding and length of time holding) of the eligible shareholder. If any applications are scaled back, any surplus in the application monies paid by an eligible shareholder will be refunded by Eden to that eligible shareholder, without interest. Eden therefore reserves the right to allot to an eligible shareholder fewer new Shares than that eligible shareholder applied for under the SPP. Eden also reserves the right to accept over subscriptions (subject to compliance with the ASX Listing Rules and the Corporations Act 2001) in its sole and absolute discretion.

Funds raised under this SPP will supplement existing funds and will be used for general working capital.

The Company is conducting this SPP pursuant to ASX Listing Rule 7.2 (Exception 15).

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

The proposed Timetable for the SPP is as follows:

oposed Timetable for the SPP is as follows:
Event	Date
Record Date	8 August 2019
SPP Announcement	9 August 2019
Offer opens	12 August 2019
Offer closes	30 August 2019
Issue Date	6 September 2019
Dispatch of HoldingStatements	6 September 2019

The Directors, in their discretion, reserve the right to change the SPP dates, including to close the SPP early (irrespective of the level of acceptances at that time).

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Gregory H Solomon Executive Chairman

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