EDEN INNOVATIONS LTD — Capital/Financing Update 2021

Aug 22, 2021

ACN 109 200 900

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AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

23 August 2021

Pro-Rata Non-Renounceable Rights Issue

Eden Innovations Ltd ( Eden ) intends to undertake a non-renounceable pro-rata rights offer to Eden shareholders to raise up to (if fully subscribed) approximately $3,818,563 (the Offer ). The Offer will be open to all Eden shareholders who are on the register as at 5:00pm WST on 7 September 2021 (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 twelve (12) fully paid ordinary Eden shares held as at the Record Date, at a price of $0.022 per share, together with one (1) free attaching Eden option for every two shares issued under the Offer (each to acquire one fully paid ordinary Eden share at an exercise price of $0.05 per share at any time up to and including 7 October 2024).

The anticipated Timetable* for the Offer is as follows:

Offer announcement and Appendix 3B with ASX 23 August 2021 Lodgement of Prospectus 2 September 2021 Ex date 6 September 2021 Record Date for determining entitlements 7 September 2021 Prospectus despatched to Qualifying Shareholders 9 September 2021 Closing date of the Offer 1 October 2021 If agreed by ASX, securities quoted on a deferred settlement basis 4 October 2021 Announcement of results of Rights Issue 6 October 2021 Issue Date and Appendix 2A lodged with ASX (end of any deferred settlement trading), dispatch of holding statements 8 October 2021

*The above dates are indicative and subject to change

The funds will be used to fund general working capital.

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Gregory H. Solomon

Executive Chairman

This announcement was authorised by the above signatory. For any queries regarding this announcement please contact him on +618 9282 5889.

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