MYECO GROUP LTD — Capital/Financing Update 2007

Jul 22, 2007

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ACN 064 755 237

TO: COMPANY ANNOUNCEMENTS OFFICE AUSTRALIAN SECURITIES EXCHANGE

DATE:

23[rd] July 2007

DESPATCH OF HOLDING STATEMENTS FOR AQUENOX LIMITED’S ENTITLEMENTS ISSUE

The Directors of Cardia Technologies Limited advise that allotment of the securities applied for under the above issue has been completed and holding statements will be despatched tomorrow 24[th] July 2007.

John Wilson Company Secretary

CARDIA TECHNOLOGIES LTD

REGISTERED OFFICE Suite 510 Level 5 Pacific Tower 737-741 Burwood Road Hawthorn Victoria 3122 Australia Telephone +61 3 9813 3228 Facsimile +61 3 9813 2668 Email: cardia@bigpond.com