MYECO GROUP LTD — AGM Information 2010

Nov 28, 2010

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TO: COMPANY ANNOUNCEMENTS OFFICE ASX LIMITED

DATE: 29 NOVEMBER 2010

AGM PRESENTATION

Attached is the document to be presented in the Annual General Meeting today.

Rekha Bhambhani Company Secretary

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Annual General Meeting 29 November 2010

Disclaimer

• This presentation contains forward-looking statements that involve certain risks and uncertainties associated with a development-stage company. Actual results could differ materially from those projected in the forward-looking statements. For a discussion of factors that could cause actual results to vary, please see the risk factors section in our regulatory filings.

• All financial data in AUD.

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Business Presentation
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Plastics Packaging

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• Drivers for growth

• Drivers for change

About Cardia Bioplastics

• Australian company established as Biograde in 2002

• • Listed on Australian Stock Exchange (ASX code: CNN)

• Global developer, manufacturer and marketer of sustainable resins and packaging derived from renewable resources

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Cardia Bioplastics Global Profile
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Corporate and operational centre in Melbourne (Australia)
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Manufacturing and product development in Nanjing (China)
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Additional operational offices in China, USA, Germany, UK,
Malaysia,
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Established global distributor network
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Office Agents/Distributors

• Increases the renewable content of plastics (less oil)

• • Reduces carbon foot print and greenhouse gas emissions

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• Fully biodegradable resins certified to international standards for compostability

Customers choose their sustainable solution

2010 Business Update

• Significant progress in – sales, commercialisation and technical development • Sales revenues of $2.2m, 61% increase vs 2009

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2010 Market Launches

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KFC chooses Cardia Bioplastics compostable bags

Doggy bags to clean up Brisbane

Cardia compostable "bio-film" wins $1.5M p.a. global hygiene products contract

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Cardia pioneers pens made from sustainable resin

Natures Organics selects Cardia Biohybrid™ sustainable packaging technology

Cardia and SULO collaborate

2010 Market Launches

Cardia signs A$1.8m compostable packaging supply contract for American market

Cardia Bioplastics and RNZ Green Bio partner to enter the Malaysian packaging market

Food contact breakthrough for Cardia Biohybrid™ injection moulded products

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Cardia Bioplastics: New China Supply Deal

Cardia Bioplastics biodegradable bag made from CO2 emissions

Cardia Bioplastics announces collaboration with Nestlé to reduce environmental impact of packaging

Development Business

Packaging development with leading packaging producers and users

• Strategic relationships

• Development of product and application technology

• Long term sales agreement for large resin business

Intellectual Property

• Generation of know how and IP through development business and own R&D activities

Resin Business

Sales and distribution of Cardia resins for standard packaging applications

• Direct sales

• Sales through agents and distribution network

• Licensing and Branding • Licensing of converters • Co-Branding of products

Finished Goods Business Sales and distribution of Cardia Bioproducts

• Direct sales of ready to use compostable film and bag products

• Sales through agents and distribution network

Branding

• Branding and Co-Branding of products

• Licensing of converters

• •Substantial patent portfolio.

Cardia’s Product Value Proposition

• Ability to tailor resins to customer requirements from cost-effective Cardia Biohybrid resins to Cardia Compostable resins with specific functional benefits

• No additional capital required for conversion to Cardia Bioplastics resins by manufacturers

Specialty Plastics PA, PVOH, EVOH, PVDC Resin price: $(4-8)/kg

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Commodity Plastics PE, PP, PS, PVC, PET Resin price: $(1-3)/kg

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International Certifications

• Cardia Compostable Products - certified to international standards – Europe’s EN 13432, USA’s ASTM D 6400, Japan’s Greenpla, and Australia’s AS 4736 compostable packaging standards

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• Cardia Biohybrid™Products - certified to international standards – Certified renewable content

– Positive Life Cycle Assessment results

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• Advances in Cardia Bioplastics Technology and Commercialisation

• Currently 9 patent families for 29 individual patents

• Cardia Biohybrid™multilayer film, multilayer sheet, blow moulding and foam developments

• Cardia Biohybrid™multilayer films and injection moulding products breakthrough for food contact market

• Packaging technology made from carbon dioxide and renewable resources

• In-market validation of Cardia Bioplastics products with global Brand Owners, Retailers and leading packaging companies

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Carrier Bags for Global Retail

• Standard range of Cardia Biohybrid or Cardia compostable bags • Customer specific carrier bags

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Organic Waste Management Partnering with SULO, sales to Councils in Australia, Europe & USA

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Protective and Food Packaging Films and Foams

Leading packaging companies and globally known brand owners

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Hygiene Packaging and Products

Ben’s Land $1.5m annualised for bio-films in nappies and fem products

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Rigid Packaging

• Natures Organics bottles and caps, containers, buckets, bottles, tubes and closures

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Injection Moulded Parts and Thermoforming

• Beifa, China’s largest stationery supplier

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Resin Manufacturing and Film Making

• Resin or finished goods supplier for standard packaging applications • Cost-effective modern manufacturing facility in Nanjing, China, with space for expansion • High-performing packaging resins with a wide processing and application window

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Business Summary

• Massive international opportunity within multi billion $ growth industry

• Internationally recognised experts and management in high performance sustainable packaging

• Extensive intellectual property and patent position

• High performing products accredited to international standards

• Exclusive supply to Beijing 2008 Olympics and Paralympics, sales to high profile brand owners and retailers

• Cost-effective manufacturing in Nanjing, China, expansion option

• Set up of global operations and distributor network

• Joint development with leading consumer goods and global packaging companies

• No capital required by customers to upgrade production machinery – drop in product

• Business model focus on large value market with track record of commercialisation of Bioplastics products

• Well positioned to expand sales and marketing globally

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Corporate Presentation
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• Cash invested since merger $ 12m

• • Biograde : Cash invested prior to merger $ 6m

• • Total cash invest to date $ 18m

• • Current Market capitalization $13m

• • Listed similar company’s (USA) $50m

• • Paid e-Research valuation 6.5c to 7 c $50m

• CNN Merger Biograde 2009:

Cambow Limited spin out 2009:

Other past entitlement to CNN shareholders:

• Total of five entitlements to CNN shareholders since 2004 – one reverse merger of Biograde Ltd –still holding two valuable investments. (Bioglobal Ltd and P-Fuel Ltd)

• Business now totally focused on Bioplastics

• Potential cash available

$ 6.5m

• Cash Burn 2010 (after adjustments) approx $4.0m

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Assumes funds raised from Asian Fund in 2010/2011.
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Assumes Bioglobal is sold in 2011 and consideration is $3.0m
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Cardia aims to achieve global market awareness in 2011

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Barry Oosthuizen - Plastics Industry Global.
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CNN aims to achieve greater global capital market and industry awareness in 2011.

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Cardia Bioplastics Limited listed on Australian Stock Exchange (CNN)
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Current Capital Structure
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886M ordinary fully paid shares
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581M listed options (strike price 10c any time until 30 June 2011)
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Stock price : (high - low 2010) 4.0cts – 1.3cts
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Rights Issue price 1.5cts
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Currently 9 patent families for 29 individual patents

Other achievements

Future Bioplastics: next Generation

Recognised for Excellence Globally

• Winner of the 2008 Australian – China Chamber of Commerce Award for Australian SME business operating in China.

• 2009 CleanEquity Monaco Conference Award for Excellence in Environmental Technology Commercialisation presented by Prince Albert of Monte Carlo.

• Awarded the exclusive biopackaging supply contract to 2008 Olympic and Paralympic Games in Beijing.

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Collaborations with Global Leaders
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CO2S technology with CNOOC (China National Offshore
Oil Corporation)
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BASF Supply Agreement
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Nestlé Collaboration
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Several other global Brand Owners and leading packaging companies under confidential agreements

China

Malaysia

Going Forward

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Expertise and Credibility
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International expertise: Technical, Management, Sales and
Corporate
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Set up for Global Operations
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USA , Europe, UK, China, Malaysia, Australia
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Total of 52 staff now employed globally

Set up subsidiary or partners/distributors in:

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Philippines
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India
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Middle East
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Market Valuations of Bioplastics Companies
2010
Stock Symbol 2010Sales Operating
Company Market Cap Listing
Revenue ($m) Profit/(Loss) ($m)
($m)
Cereplast CERP 3.0M (6.8M) 50 Nasdaq
Metabolix MBLX 1.6M 280
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Cardia CNN 2.2m (4.0M) 13 ASX Bioplastics

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Corporate Summary
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Exceptional Patent Portfolio
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World’s first CO2S Bio-Bags made from PPC and starch
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Next generation Bioplastics under consideration.
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Set up of Resins and Finished Goods manufacturing locations in strategic countries
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Collaboration with global Brand Owners, packaging companies and petrochemical
leaders
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Sales, Marketing and Distribution established globally
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Company strategically positioned to become an international Bioplastics provider