MYECO GROUP LTD — Capital/Financing Update 2016

Mar 31, 2016

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FOR IMMEDIATE RELEASE

ASX ANNOUNCEMENT 1 April 2016

Strong uptake in Share Purchase Plan

• Share Purchase Plan closes above expectations, raising $1.085 million

• Strong uptake with significant participation from smaller shareholders

• Funds raised from SPP and Placement total $1.964 million

The Directors of SECOS Group Limited (“SECOS”) (ASX: SES) are pleased to advise that the Share Purchase Plan (“SPP”), announced to the ASX on 9 March 2016, has closed at a higher level than anticipated. The SPP, which was originally planned to raise $1,000,000, received applications from shareholders totalling $1,084,920.

In conjunction with the Placement announced on 30 March 2016 which raised $879,427 the Placement and SPP has raised a total of $1,964,347 from the issue of 23,955,527 ordinary shares at an issue price of A$0.082 per share.

The support of smaller shareholders was a driving force behind the successful take-up of the SPP. In consideration of this support, the Board of Directors have decided to increase the limit of funds accepted under the SPP to the subscribed total. This will result in all participating shareholders in the SPP receiving their full allocation.

Mr. Stephen Walters, Managing Director of SECOS commented:

“The level of support for the SPP has been exceptional and we are further encouraged by the support for the recent Placement, in particular from a strategic investor who is a major shareholder in our key distributor in the USA. The level of support indicates that there is strong confidence in the Company’s strategic direction and future prospects.

The funds raised from the Share Placement and the Share Purchase Plan will provide SECOS with sufficient funding to meet its operational plans, and to accelerate the company’s growth in key target markets.”

Richard Tegoni Chairman

About SECOS Group Limited

SECOS Group Limited (“SECOS”) (ASX: SES) is a leading manufacturer of bioplastic resins from renewable resources used to produce films and packaging products. SECOS’ bioplastics range includes sustainable biobased and biodegradable plastics. SECOS is uniquely positioned as a leading developer and manufacturer of sustainable and compostable packaging solutions. SECOS’ core market segments are films & packaging and waste management solutions. SECOS has global manufacturing and distribution capabilities, and was formed through merger of Cardia Bioplastics and Stellar Films in April 2015.