MYECO GROUP LTD — Capital/Financing Update 2016

Aug 28, 2016

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ASX Release 29 August 2016

APPOINTMENT OF NON EXECUTIVE DIRECTOR

and

SHARE PLACEMENT

SECOS Group Limited (“ SECOS ” or “ the Company ”) is pleased to announce the appointment of Mr Donald F. Haller Jr as a Non-executive Director of the Company, effective from 1 September 2016. Don Haller is a major shareholder in EarthVision Bio Solutions, Inc (“ EarthVision ”). EarthVision is a key distributor of SECOS products in the USA, and the appointment is intended to strengthen the strategic relationship between SECOS and EarthVision as well as support continued growth in the US market.

Don will bring to the Board valuable commercial experience in the North American market and will actively facilitate development of the Company’s product sales and distribution in the USA across multiple product categories. As the majority shareholder in EarthVision, Don is actively engaged in marketing, sales and business development for EarthVision. Prior to his investment in EarthVision, Don had a distinguished background in accounting, management consulting and leading practices of professional consultants. Don was a lead consulting partner with IBM’s Global Business Services Division and PriceWaterhouseCoopers. Don was formerly CFO of a top 15 US insurance company and an Audit and Consulting Partner in the New York office of Ernst & Young.

Commenting on the appointment, Chairman Richard Tegoni said: “We are delighted to welcome Don Haller to the SECOS Board and as a strategic investor in the Company. Don brings to the Board a depth of experience in the US market and will be invaluable as we continue the rapid expansion of sales of Biohybrid[TM] and compostable products in that key market.”

SECOS also announces that it has reached agreement to place approximately 12,195,122 shares to sophisticated investors at $0.082 per share to raise approximately $1 million (“ Placement ”). The Placement price represents a 7.5% discount to the volume weighted average market price of SECOS shares over the last 15 trading days. The majority of the investment in the Placement was made by Don Haller and parties introduced by Mr Haller. The shares issued under the Placement will be issued pursuant to the Company’s 15% placement capacity.

SECOS continues to experience strong growth in the US market. The Company recently increased manufacturing capacity for Biohybrid[TM] and compostable dog waste bags at its Nanjing, China manufacturing plant by 58%, and a further capacity increase is required to meet customer demand from the US. The funds raised from the Placement will be used primarily to increase capacity at the Nanjing plant by a further 100% to provide a total production capacity of [136] tonnes per month by December 2016.

Richard Tegoni Chairman