MYECO GROUP LTD — Capital/Financing Update 2009

Aug 26, 2009

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TO: COMPANY ANNOUNCEMENTS OFFICE ASX LIMITED

DATE: 27 August 2009

DESPATCH OF OFFER INFORMATION STATEMENT

Further to earlier announcements regarding the new Entitlements Issue of Shares in Cam Bow Limited being made to eligible Cardia shareholders, we advise that the Offer Information Statement (“OIS”) has today been dispatched to those shareholders entitled to participate.

A copy of the Offer Information Statement is attached.

As the Offer under the OIS does not constitute an offer in any jurisdiction other than Australia and NewZealand a letter has been dispatched to shareholders resident outside Australia and New Zealand advising them as to why the Directors consider it unreasonable to make such an offer.

A copy of the letter is attached.

JOHN WILSON Company Secretary

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25 August 2009

Dear Overseas Shareholder

Proposed Issue of Shares in Cam Bow Limited to Cardia Shareholders

On 10[th] July 2009 the Board of Cardia Bioplastics Ltd announced that they proposed to make a non –renounceable entitlements issue of ordinary shares in Cam Bow Ltd (“Cam Bow”) to Cardia Shareholders on the basis of 1 ordinary share in Cam Bow at an issue price of 1.5 cents per share for every 5 ordinary shares held in Cardia on the Record Date (25 August 2009)

The Offer Information Statement (“OIS”) which was lodged with the Australian Securities and Investments Commission on 13[th] August 2009 and is subject to an Exposure period of a minimum of 7 days from that date does not however constitute an offer in any jurisdiction outside of Australia and New Zealand.

This letter is therefore only being sent to shareholders resident outside Australia and New Zealand who would otherwise have been entitled to receive the offer, but to whom the offer will not be made, to advise them that having regard to :-

• the number of persons entitled to receive the Offer resident outside Australia;

• the number and value of shares that such persons resident outside Australia would be offered; and

• the cost of complying with the legal requirements and the requirements of regulatory authorities in places other than Australia,

the Directors consider that it is unreasonable to make such an offer.

Yours Faithfully,

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John Wilson Company Secretary

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