MYECO GROUP LTD — Capital/Financing Update 2016

Mar 29, 2016

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FOR IMMEDIATE RELEASE

TO: COMPANY ANNOUNCEMENTS OFFICE ASX LIMITED DATE: 30 March 2016

PLACEMENT OF SHARES AND CLOSING DATE FOR SPP

The Board of SECOS Group Limited (“SECOS”) is pleased to announce that it has raised $879,427 from the placement of 10,724,721 ordinary shares.

The Share Placement has been made at the same price of A$0.082 per share that is being offered to the existing shareholders under the current Share Purchase Plan.

Share Purchase Plan

The Share Purchase Plan ( SPP ) announced on 9 March 2016 will close today 30 March 2016. The SPP provides eligible shareholders with the opportunity to apply for up to $15,000 worth of SECOS shares at A$0.082 per share.

Shareholders who wish to participate in the SPP should make payment by BPay today, 30 March 2016.The BPay details are set out on the application form sent to eligible shareholders with the SPP documentation.

If you require a replacement application form, please contact the SECOS Company Secretary on 03 8566 6805.

Details of the Share Placement

The placement was made to professional and sophisticated investors who do not need disclosure under section 708 of the Corporations Act. The amount raised included an investment of $541,200 from a US-based strategic investor who is a major shareholder in a key SECOS distributor in the USA.

Commenting on the transaction, Mr. Stephen Walters, Managing Director of SECOS said “The funds raised from the Share Placement and the Share Purchase Plan will provide SECOS with sufficient funding to meet its current operational plans, and we are also extremely pleased to have attracted a strategic investor with key relationships in the USA. This provides us with a significant opportunity to increase our position in the lucrative USA sustainable products market including the waste management segment.

The SECOS distributor, located on the West Coast USA, is heavily focused on sustainable products market having already achieved success with several councils throughout California. The combined focus of the key investor and our distributor provides an excellent platform for SECOS to expand in that market.

The strategic investor was keen to invest directly in SECOS, and in conjunction with the distributor to achieve rapid expansion in the fast growing US waste management market. SECOS looks forward to working closely with its distributor to grow its presence in the American market which represents a very significant opportunity for the Group.”

New Ordinary Shares will be issued under the Share Placement within the Company’s 15% placement capacity pursuant to Listing Rule 7.1.The funds raised will be used for working capital purposes.

An Appendix 3B applying for quotation of the new ordinary shares will be lodged upon the settlement of funds of the placement.

Richard Tegoni Chairman