EDEN INNOVATIONS LTD — Capital/Financing Update 2022

Nov 30, 2022

ACN 109 200 900

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AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

1 December 2022

Pro‐Rata Non‐Renounceable Rights Issue

Eden Innovations Ltd ( Eden ) intends to undertake a partially underwritten non‐renounceable pro‐ rata rights offer to Eden shareholders to raise up to (if fully subscribed) approximately $1,355,614 (the Offer ). If the Entitlement Offer is fully subscribed approximately 271,122,900 Shares will be issued under it (“ the EO Securities ”). The Offer will be open to all Eden shareholders who are on the register as at 5:00pm WST on 21 December 2022 (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 ten (10) fully paid ordinary Eden shares held as at the Record Date, at a price of $0.005 per share.

Under the RM Corporate Finance Pty Ltd Underwriting Agreement (“ RMCF UA ”) dated 30 November 2022, RM Corporate Finance Pty Ltd (“ RMCF ”) has agreed to underwrite $250,000 (less any amounts subscribed by (a) March Bells Pty Ltd in any capacity or by Douglas Howard Solomon and (b) Arkenstone Pty Ltd in its capacity as trustee for the GH Solomon Family Investment Trust or Gregory Howard Solomon, for their entitlements under the Entitlement Offer) of the EO Securities for which Valid Applications (whether under the Entitlement Offer or under the offer to qualifying shareholders to take up, in addition to their entitlement, some of the shortfall shares) have not been received by 5:00pm on the Closing Date of the Entitlement Offer) (“Underwritten Securities”).

The anticipated Timetable* for the Offer is as follows: Offer announcement and Appendix 3B with ASX 1 December 2022 Lodgement of Offer Document at ASX (before market open) 16 December 2022 Lodgement of Cleansing Statement 16 December 2022 Ex date 20 December 2022 Record Date for determining Entitlements 21 December 2022 Offer Document despatched to Qualifying Shareholders 23 December 2022 Last date to extend the Offer 6 January 2023 Closing date of the Offer* 11 January 2023 If agreed by ASX, securities quoted on a deferred settlement basis 12 January 2023 Announce results, Issue Date and Appendix 2A lodged with ASX (end of any deferred settlement trading), dispatch of holding statements 16 January 2023

*The above dates are indicative and subject to change

The funds will be used to fund general working capital.

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

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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.

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