EDEN INNOVATIONS LTD — Capital/Financing Update 2022

Aug 7, 2022

ACN 109 200 900

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AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

8 AUGUST 2022

EDEN PLACEMENT RAISING A$0.755 MILLION

Eden Innovations Ltd (“Eden” or “the Company”) (ASX: EDE) is pleased to announce that the Company has agreed to make placements of shares and EDEOC options to institutional and sophisticated investors to raise approximately A$0.755 million (before the costs of the issue).

In total Eden will issue approximately 94,375,000 Placement Shares at an issue price of 0.8 cents ($0.008) per Placement Share, with one (1) free attaching Placement EDEOC Option exercisable at 2.6 cents ($0.026) on or before 28 April 2025, for every Placement Share subscribed.

The Placement Shares and accompanying Placement EDEOC Options will be issued under the Directors’ 15% placement capacity. The Placement Shares and accompanying Placement EDEOC Options are anticipated to be issued on 12 August 2022.

A placement fee, of 6% of the value of the funds raised and 7,000,000 EDEOC options is payable to the brokers of the issue.

Funds raised by the placement and the refinance of the US properties (as previously announced on 27 May 2022) (and which is expected to settle this week), 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