EDEN INNOVATIONS LTD — Capital/Financing Update 2021

Oct 28, 2021

ACN 109 200 900

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AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

29 OCTOBER 2021

EDEN PLACEMENT RAISING A$2.607 MILLION

Eden Innovations Ltd (“Eden” or “the Company”) (ASX: EDE) is pleased to announce that the Company has agreed to make placements of shares for the entire shortfall of $1.507,235.99 from the recent non-renounceable Rights Issue, plus an additional placement of $1.1million, to be made to institutional and sophisticated investors to raise approximately A$2.607million (before the costs of the issue).

In total Eden will issue approximately 118,510,727 Placement Shares at an issue price of 2.2 cents ($0.022) per Placement Share, with one (1) free attaching Placement EDEO Option exercisable at 5 cents ($0.05) on or 7 October 2024, for every two (2) Placement Shares subscribed (being the same terms as in the recent Rights Issue).

68,510,727 Placement Shares and accompanying Placement EDEO Options are the shortfall from the Rights Issue which closed on 1 October 2021 (refer ASX Announcement 6 October 2021: Rights Issue Results) and the balance of 50,000,000 Placement Shares and accompanying Placement EDEO Options will be issued under the Directors’ 15% placement capacity. The Placement Shares and accompanying Placement EDEO Options are anticipated to be issued on 5 November 2021.

A placement fee of 6% of the value of the funds raised is payable.

Funds raised by the placement will be used for general working capital purposes.

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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