EDEN INNOVATIONS LTD — Major Shareholding Notification 2011

Apr 19, 2011

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To: Company Name/Scheme ACN/ARSN	Eden Energy Ltd 109 200 900
1. Details of substantial holder (1)
Name	Coote Group - Ganesha Nominees Pty Ltd as trustee for The Ganesha Family Trust ABN 78 020 622 348 (Family Trust) - Ganesha Nominees Pty Ltd as trustee for The Ganesha Super Fund ABN 26 043 031 613 (Super Fund)
ACN/ARSN (if applicable)	As Above
The holder ceased to be a
substantial holder on	08/04/11
The previous notice was given to the company on	16/03/10
The previous notice was dated	16/03/10

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person's votes affected
06/04/11	Family Trust	Off-market sale	AUD189.508	1,500,440 ord shares	0.007%
07/04/11	Family Trust	Off-market sale	AUD263.409	2,246,525 ord shares	0.010%
08/04/11	Family Trust	Off-market sale	AUD273.568	2,528,320 ord shares	0.011%
11/04/11	Family Trust	Off-market sale	AUD450.187	3,902,385 ord shares	0.018%
13/04/11	Family Trust	Off-market sale	AUD287.294	2,534,058 ord shares	0.012%
14/04/11	Family Trust	Off-market sale	AUD196.911	1,800,000 ord shares	0.008%
15/04/11	Family Trust	Off-market sale	AUD199.342	1,871,562 ord shares	0.009%
18/04/11	Family Trust	Off-market sale	AUD57,414	549,821 ord shares	0.002%

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

CN/AI Name and onlicable. וכז _________	______ ______ Nati ۱ť۴ acconston .Juiduun --------------------------------------- _________
-NJA __	N/A -------------------------------------- --------------------------------------
N/A	N/A _________

4. Addresses

The addresses of the persons named in this form are as follows:

________ Name --------------------------------------	______ ______ Adoress
Ganesha Nominees : Dhr I ________	: 270, Maddington WA 6989 DC. Box 270 -------------------------------------- _________
∟imited Industrial oore	5 Bickley Road, Maddington WA 6109. 7-635 OZ.

605 GUIDE 13 March 2000 page 1/1

Signature

• If there are a number of substantial holders with similar or related relevant interests (eg, a corporation and its related corporations, or the manager and trustee $(1)$ of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 4 of the form.
• $(2)$ See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• $(3)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• $(4)$ Include details of:
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of $(a)$ any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract scheme or arrangement and
• $(b)$ any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the refevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• $(5)$ Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
• $(6)$ The voting shares of a company constitute one class unless divided into separate classes.

Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(7)$