MYECO GROUP LTD — Capital/Financing Update 2012

Feb 14, 2012

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TO: COMPANY ANNOUNCEMENTS OFFICE ASX LIMITED

DATE: 15 February 2012

LETTER TO OPTIONHOLDERS

The attached letter has been sent to all Cardia Optionholders advising them of a correction made to the letter sent to them on 10[th] February 2012.

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Pat Volpe Chairman

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15 February 2012

Dear Optionholder,

PARTICIPATION IN PRO-RATA RENOUNCEABLE RIGHTS ISSUE

I am writing to you with reference to the letter dated 10[th] Feburary 2012, you would have received from the Company advising you of the renounceable rights issue being undertaken by the Company and notifying you to exercise your options, if you wish to participate in the Rights Issue.

The Company has been notified that in the personalised section of the abovementioned letter (containing your mailing details and option holding details) there has been a processing error in calculating amount payable by you on exercise of the options you hold. The amount was calculated incorrectly by a decimal point.

The amount payable has been corrected now and is included in the personalised section of this letter. If you wish to exercise all of your options, you will have to pay the amount disclosed in this letter.

To participate in the Pro-rata Renounceable Rights Issue, you must exercise your options in time for the new shares to be allotted prior to the Record Date of 5pm on 23[rd] February 2012.

If you do not wish to participate in the Rights Issue (in respect of your existing options), you do not need to take any action.

Please be noted that on exercise of every option you hold, in addition to one new share, you will also be entitled to one piggy back option at no additional consideration. The piggy back option will have a exercise price of 2 cents and expiry date of 30 June 2013. The piggy back options will only be issued under a disclosure document to be lodged with ASIC probably in July 2012.

Yours faithfully,

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Pat Volpe Chairman

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