MYECO GROUP LTD — Capital/Financing Update 2015

Oct 27, 2015

FOR IMMEDIATE RELEASE

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TO: COMPANY ANNOUNCEMENTS OFFICE ASX LIMITED DATE: 28 October 2015

SECOS Group Secures Funding Arrangements

SECOS Group Limited (ASX: SES) is pleased to announce that it has secured the following funding arrangements:

• Refinancing of the Group’s existing overdraft and market rate facilities totaling AUD$0.767 million provided by National Australia Bank (NAB) to Stellar Films. The new facility comprises a market rate facility with an interest only term of 1 year and then amortising over the following 3 years. The refinancing reflects NAB’s ongoing support for the group noting also that NAB has been the incumbent banker for Stellar Films for the past 16 years.

• Obtaining approval from Bibby Financial Services for the establishment of a debtor financing facility of AUD$2.05 million. Bibby Financial Services’ global operation focuses on the provision of working capital solutions, specifically, trade and debtor finance, to the manufacturing, wholesaling and business services sectors. The approval is subject to Bibby Financial Services obtaining a Deed of Priority over the group’s debtors from NAB.

Both initiatives reflect the Group’s strategy of funding additional working capital required to support growth in sales via a cost effective debt funding package and also leaves the group well placed to achieve its broader objective of ensuring that its capital base provides for an optimal mix of debt and equity funding.

SECOS Group Chairman, Richard Tegoni commented “I am very pleased with the new funding arrangements which is evidence of the Group’s debt funders’ support for its strategic business plan. The approved bank facilities will be utilised in funding increasing sales orders for Stellar Australia and Cardia Bioplastics’ domestic and export customers.”

Richard Tegoni

Chairman SECOS Group Limited