MYECO GROUP LTD — Capital/Financing Update 2015

May 7, 2015

==> picture [133 x 61] intentionally omitted <==

TO: COMPANY ANNOUNCEMENTS OFFICE ASX LIMITED DATE: 8 May 2015

SECOS ANNOUNCES $3.5 MILLION PLACMENT AND RIGHTS ISSUE

Funds used to meet growing sales orders

SECOS Group Limited ( Company ) (ASX: SES) is pleased to advise that it has successfully completed a private placement to professional and sophisticated investors ( Placement ) of 7,827,144 shares at $0.14 per share, raising $1.1 million.

The issue price represents a 16% discount to the volume weighted average price in the prior 5 trading days of $0.1668.The placement will be conducted in a single tranche pursuant to prior approval granted by shareholders on 7 April 2015. Settlement of the placement is expected to occur next week.

The Company will also undertake a 1 for 6 non-renounceable rights issue to shareholders also at $0.14 per share ( Rights Issue ) to raise up to $2.4 million. The Rights Issue will give eligible shareholders an opportunity to acquire 1 new share for every 6 existing shares held on the record date at the same price as investors in the Placement. The Rights Issue will also have a top-up facility which will enable shareholders to apply for shares in excess of their entitlements. The Company also reserves the right to place any Rights Issue shortfall.

Patersons Securities Limited is the Lead Manager to the Placement and Rights Issue.

SECOS Group Chairman, Mr Richard Tegoni, said, “We are delighted with the level of support and feedback we have received from existing shareholders and new investors on the direction of the Company following the recent merger with Stellar Films.”

SECOS Group Managing Director, Mr Stephen Walters, said, “We look forward to pursuing the many growth opportunities that the Company has before it. Proceeds from the capital raising will be primarily used towards the purchase of raw materials to meet our growing sales orders.”

Further details in respect of the Rights Issue (including an indicative timetable and the record date) will be announced on or before Friday, 15 May 2015.

Richard Tegoni Chairman SECOS Group Limited

Stephen Walters Managing Director SECOS Group Limited

For more information contact Mr Richard Tegoni on r.tegoni@cardiabioplastics.com

1