MYECO GROUP LTD — Capital/Financing Update 2012

Nov 20, 2012

==> picture [588 x 74] intentionally omitted <==

==> picture [588 x 75] intentionally omitted <==

ASX CODE: CNN OTCQX CODE: CDRBY

TO: COMPANY ANNOUNCEMENTS OFFICE ASX LIMITED

DATE: 21 November 2012

SHARE PURCHASE PLAN (SPP)

Cardia Bioplastics Limited (“Cardia” or “the Company”) is pleased to invite shareholders to participate in a share purchase plan (“SPP”) to purchase up to a maximum of A$15,000 worth of fully paid ordinary shares in the Company. (“Shares”)

The purpose of the SPP is to provide eligible shareholders, who held Cardia shares as at 20 November 2012 with the opportunity to increase their shareholding in the Company at an issue price of A$ 0.002 per share (being a 17% discount to average market price over last 5 trading days) without incurring brokerage, commissions or other transaction costs.

Proceeds raised through the SPP will be applied for general working capital purposes.

Eligible shareholders can participate in the SPP in respect of a range of amounts between A$1,000 and A$15,000 irrespective of the size of an eligible shareholder’s existing shareholding. Participation in the SPP is optional and the SPP is scheduled to close at 5.00pm (AEST) 13 December 2012. The Company reserves the right to scale back applications.

A full time and documentation containing SPP Terms and Conditions will be issued in due course.

The Directors of Cardia Bioplastics Limited invite eligible shareholders to consider this investment opportunity and thank them for their ongoing support to the Company.

Pat Volpe Chairman

==> picture [593 x 63] intentionally omitted <==