MYECO GROUP LTD — Capital/Financing Update 2012

Jan 30, 2012

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MARKET RELEASE

31 January 2012

Cardia Bioplastics Limited

TRADING HALT

The securities of Cardia Bioplastics Limited (the “Company”) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Group. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Thursday, 2 February 2012 or when the announcement is released to the market.

Security Code:

CNN

Simon O’Brien Senior Adviser, Listings (Brisbane)

CNN2012.01.31mr_th-sjo

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31 January 2012

Simon O'Brien Senior Adviser, Listings (Brisbane) Australian Securities Exchange Limited Riverside Centre Level 5, 123 Eagle Street Brisbane QLD 4000

Dear Simon,

REQUEST FOR TRADING HALT

Security Code: CNN CNNOA

Cardia Bioplastics Limited (“the Company”), pursuant to ASX Listing Rule 17.1, requests that an immediate trading halt be placed on its securities.

1. The Company seeks a trading halt pending an announcement to the market regarding a proposed capital raising to be undertaken by the Company, and wishes to maintain an orderly market in our securities.

2. The Company anticipates a detailed announcement will be made concerning the proposed capital raising before the commencement of trading on Thursday 2 February 2012.The Company requests that its securities to remain in the trading halt until that announcement is made.

3. The Company is not aware of any reason why the trading halt should not be granted.

Please advise if there is any further information you require.

Yours sincerely,

Pat Volpe

Chairman

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