MYECO GROUP LTD — Capital/Financing Update 2007

Jul 19, 2007

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ACN 064 755 237

TO: COMPANY ANNOUNCEMENTS OFFICE AUSTRALIAN SECURITIES EXCHANGE

DATE: 20[th] July 2007

ENTITLEMENTS ISSUE OF SHARES & OPTIONS IN AQUENOX LIMITED

The Directors of Cardia Technologies Limited advise that, the above entitlements issue closed on 17[th] July 2007 with Aquenox raising the full amount of $926,448 after the underwriter took up the shortfall of $318,001 representing 30,326,156 shares and 14,740,614 options.

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