MYECO GROUP LTD — Board/Management Information 2009

Apr 30, 2009

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ACN 064 755 237

TO: COMPANY ANNOUNCEMENTS OFFICE ASX LIMITED DATE: 1 May 2009

BOARD CHANGES

The Board of Cardia Technologies Limited (“Cardia”) is pleased to announce the appointment of Dr Frank Glatz and Mr Chen Yi to the Cardia Board.

• Dr Glatz was appointed Managing Director of Biograde Limited in April 2008. His qualifications include Masters of Chemistry and Ph.D. in Polymer Science from Freiburg University, Germany, and MBA from the Australian Graduate School of Management. Dr Glatz has extensive experience in the sustainable packaging and plastics industries, with particular emphasis on global commercialisation, development of new technologies and packaging applications. His previous roles have been in general management, commercial and technology positions with leading organisations such as Plantic Technologies, Orica Polymers, Qenos Engineering Plastics and ICI Plastics Group (Australia). Dr Glatz also has developed over the years a substantial network of major corporate industry customers.

Dr Glatz will join the Cardia Board as the Managing Director responsible for the Biograde business, as well as assisting the Chairman in all aspects of Cardia’s businesses.

• Mr Chen Yi is a Director of Biograde Limited and is the Executive Director of Biograde Nanjing in China. He oversees manufacturing and marketing in that country.

Mr Chen Yi is a graduate of the University of Science & Technology, with a Diploma in International Trading from the Management College of China in Beijing. Mr Chen also has a Bachelor of Science Degree from the Upper Iowa University in the United States. He is appointed a Non-Executive Director of Cardia.

Mr Peter Pena has resigned from the Cardia Board due to other commitments, but he will continue to be on the Board of Rio Minerals Pty Limited, a wholly owned subsidiary of Cardia. Mr Pena has provided great service to Cardia for a number of years, and the

CARDIA TECHNOLOGIES LTD

REGISTERED OFFICE

Suite 5.10, Level 5, 737 Burwood Rd, Hawthorn, Victoria Australia 3122 Telephone +61 3 9813 3228 Email: cardia@bigpond.com

Board acknowledges his contribution to the Company and would like to thank Mr Pena for his valuable work.

Appendixes 3X are attached for Dr Frank Glatz and Mr.Chen Yi outlining their Initial Interests in Cardia.

Appendix 3Z outlining Final Director’s Interest Notice for outgoing Director Mr.Peter Pena is also attached.

Pat Volpe Chairman

CARDIA TECHNOLOGIES LTD

REGISTERED OFFICE Suite 5.10, Level 5, 737 Burwood Rd, Hawthorn, Victoria Australia 3122 Telephone +61 3 9813 3228 Email: cardia@bigpond.com

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial Director’s Interest Notice

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 30/9/2001.

Name of entity	CARDIA TECHNOLOGIES LIMITED
ABN	89 064 755 237

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Dr.Frank Glatz
Date of appointment	1 May 2009

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

3,000,000 Ordinary Shares 3,000,000 Options Over Ordinary Shares (30 June 2011)

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest. Mrs Sarah Alexandra Glatz (Spouse of Dr.Frank Glatz )	Number & class of Securities 3,002,334 - Ordinary Shares 1,800,000 - Options over Ordinary Shares (30 June 2011)

Part 3 – Director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
No. and class of securities to which interest relates	N/A

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial Director’s Interest Notice

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 30/9/2001.

Name of entity	CARDIA TECHNOLOGIES LIMITED
ABN	89 064 755 237

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Chen Yi
Date of appointment	1 May 2009

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

16,000,000 Ordinary Shares 16,000,000 Options Over Ordinary Shares (30 June 2011)

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

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Name of holder & nature of Number & class of Securities
interest
Note: Provide details of the circumstances giving rise to
the relevant interest.
N/A
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Part 3 – Director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
No. and class of securities to which interest relates	N/A

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002

Appendix 3Z Final Director’s Interest Notice

Rule 3.19A.3

Appendix 3Z

Final Director’s Interest Notice

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 30/9/2001.

Name of entity	CARDIA TECHNOLOGIES LIMITED
ABN	89 064 755 237

We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of director	Peter Pena
Date of last notice	5 December 2008
Date that director ceased to be director	1 May 2009

Part 1 – Director’s relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

2,291,902 Ordinary Shares 1,022,800 Options Over Ordinary Shares (30 June 2011)

• See chapter 19 for defined terms.

Appendix 3Z Page 1

11/3/2002

Appendix 3Z Final Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

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----- Start of picture text -----

Name of holder & nature of interest Number & class of securities
Note: Provide details of the circumstances giving rise to
the relevant interest
N/A
----- End of picture text -----

Part 3 – Director’s interests in contracts

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
No. and class of securities to which interest relates	N/A

• See chapter 19 for defined terms.

Appendix 3Z Page 2

11/3/2002