EDEN INNOVATIONS LTD — Share Issue/Capital Change 2011

Nov 13, 2011

Appendix 3B New issue announcement

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.

Name of entity

EDEN ENERGY LTD

ABN

58 109 200 900

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1 +Class of+securities issued or to be issued 2 Number of+securities issued or to be issued (if known) or maximum number which may be issued 3 Principal terms of the+securities (eg, if options, exercise price and expiry date; if partly paid+securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)	• Ordinary fully paid shares (EDE) • $0.20 30 June 2014 options (EDEO)
	• Up to approximately 70,615,000 ordinary fully paid shares • Up to approximately 70,615,000 $0.20 30 June 2014 options
	• The shares are ordinary fully paid shares • Each option entitles the holder to subscribe for one fully paid ordinary share, and is exercisable at any time prior to 5.00pm WST 30 June 2014 at an exercise price of $0.20 per option

• See chapter 19 for defined terms.

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Appendix 3B New issue announcement

4 Do the+securities rank equally in all respects from the date of allotment with an existing+class of quoted +securities? If the additional securities do not rank equally, please state: • the date from which they do • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5 Issue price or consideration 6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets) 7 Dates of entering+securities into uncertificated holdings or despatch of certificates 8 Number and +class of all +securities quoted on ASX (_including_the securities in clause 2 if applicable)	Yes (ASX Codes: EDE and EDEO)	Yes (ASX Codes: EDE and EDEO)
	$0.05 per ordinary share
	To raise funds to pay the second tranche of the settlement sum due by the entity to Omni Laboratories Inc consequent upon the settlement of the proceedings in the Queens Beach Division of the High Court of Justice of England and Wales, to repay outstanding financial obligations of the entity and to provide general working capital to fund the ongoingoperations of the Company
	15 December 2011 (anticipated)
	Number	+Class
	Approximately 317,768,019 Approximately 118,646,379	Fully paid ordinary shares $0.20 30 June 2014 options

• See chapter 19 for defined terms.

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Appendix 3B New issue announcement

9 Number and +class of all +securities not quoted on ASX (_including_the securities in clause 2 if applicable) 10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)	Number	+Class
	2,688,0104 5,000,000 4,000,000	Options issued to directors and to the Company's employees under ESOP $0.10 31 December 2011 options $0.10625 20 November 2012 options
	No dividends anticipated to be declared for the foreseeable future

Part 2 - Bonus issue or pro rata issue

• 11 Is security holder approval No required?

• 12 Is the issue renounceable or nonNon-renounceable renounceable?

• 13 Ratio in which the[+] securities will Two (2) new fully paid ordinary shares for be offered every seven (7) ordinary shares held

• 14 +Class of +securities to which the Ordinary fully paid shares (EDE) offer relates $0.20 30 June 2014 options (EDEO)

• 15 +Record date to determine 23 November 2011 entitlements

• 16 Will holdings on different registers Yes (or subregisters) be aggregated for calculating entitlements?

• 17 Policy for deciding entitlements in Fractional entitlements will be rounded up to relation to fractions the nearest whole number of new ordinary shares (and attaching $0.20 30 June 2014 options)

• See chapter 19 for defined terms.

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Appendix 3B New issue announcement

18 Names of countries in which the entity has+security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. 19 Closing date for receipt of acceptances or renunciations 20 Names of any underwriters 21 Amount of any underwriting fee or commission 22 Names of any brokers to the issue 23 Fee or commission payable to the broker to the issue 24 Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of +security holders 25 If the issue is contingent on +security holders’ approval, the date of the meeting 26 Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled 27 If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders 28 Date rights trading will begin (if applicable) 29 Date rights trading will end (if applicable) 30 How do+security holders sell their entitlements_in full_through a	Countries other than Australia and New Zealand.
	8 December 2011
	Noble Energy Pty Ltd and A & K Leibovitch as trustee for the Katss Investment Trust
	$46,650.00 (being 5% of the underwritten amount of$933,000)
	Not applicable
	Not applicable
	Not applicable
	Not applicable
	24 November 2011
	31 October 2011
	Not applicable
	Not applicable
	Not applicable

• See chapter 19 for defined terms.

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Appendix 3B New issue announcement

broker?

31 How do[+] security holders sell part of their entitlements through a broker and accept for the balance?

Not applicable

• See chapter 19 for defined terms.

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Appendix 3B New issue announcement

• 32 How do[+] security holders dispose of their entitlements (except by sale through a broker)?

Not applicable

• 33 +Despatch date

15 December 2011

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

• 34 Type of securities ( tick one )

• (a) Securities described in Part 1

• (b) All other securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

• 35 If the[+] securities are[+] equity securities, the names of the 20 largest holders of the additional[+] securities, and the number and percentage of additional[+] securities held by those holders

36 If the[+] securities are[+] equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over 37 A copy of any trust deed for the additional[+] securities

This information will be provided after the non-renounceable rights issue has closed.

• See chapter 19 for defined terms.

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Appendix 3B New issue announcement

Entities that have ticked box 34(b)

38 Number of securities for which +quotation is sought 39 Class of +securities for which quotation is sought 40 Do the[+] securities rank equally in all respects from the date of allotment with an existing[+] class of quoted +securities? If the additional securities do not rank equally, please state: • the date from which they do • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 41 Reason for request for quotation now Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another security, clearly identify that other security) Number +Class 42 Number and[+] class of all[+] securities quoted on ASX ( including the securities in clause 38)

• See chapter 19 for defined terms.

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Appendix 3B New issue announcement

Quotation agreement

• 1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the[+] securities on any conditions it decides.

• 2 We warrant the following to ASX.

• The issue of the[+] securities to be quoted complies with the law and is not for an illegal purpose.

• There is no reason why those[+] securities should not be granted[+] quotation.

• An offer of the[+] securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any[+] securities to be quoted and that no-one has any right to return any[+] securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the[+] securities be quoted.

• If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the[+] securities be quoted.

• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

• 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before[+] quotation of the[+] securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here: (Director ~~/Company secretary)~~

Date: 14 November 2011

Print name: Gregory Howard Solomon

== == == == ==

• See chapter 19 for defined terms.

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