MYECO GROUP LTD — Capital/Financing Update 2017

Jul 16, 2017

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ASX RELEASE

17 July 2017

Strong placement response; $1.27m of growth capital raised

Highlights:

• Strong investor response to Share Placement, predominantly from US-based sophisticated investors, raising A$859,000 at A$0.08 per share

• Together with the funds recently raised through SECOS’ successful Share Purchase Plan, the Company has strengthened its balance sheet with $1.266 million in new capital

• Capital raised to support SECOS’ positive sales momentum and the Company’s continued growth in sales of bio-degradable and compostable resin and film

Sustainable and eco-friendly bioplastics developer SECOS Group Limited (ASX: SES, “the Company”) is pleased to advise of a strong investor response to the Share Placement announced in June 2017.

The Company has received applications from sophisticated investors to subscribe for 10,740,501 new shares at A$0.08 per share to raise A$859,000. The new capital come predominantly from US-based investors.

Funds raised through the issue will support SECOS’ positive sales momentum and the Company’s continued growth in the production and sales of bio-degradable and compostable resin and film.

SECOS Managing Director, Stephen Walters, said:

“We are pleased to gain the support of new and existing investors who are empowering SECOS to continue executing its strategic shift toward the attractive segments of eco-friendly resin and film.

“Together with the funds raised through our successful Share Purchase Plan, SECOS has recently strengthened its balance sheet to the tune of more than $1.26 million in cash.

“We look forward to applying this growth capital to accelerate the enhancement of our worldleading bioplastic-based product range, to expand and diversify our resin manufacturing capability and to boost our sales and marketing capability in the large, attractive US market.”

SECOS Group Limited (ASX: SES) ACN 064 755 237 Level 2, Suite 6, 205-211 Forster Road Mount Waverley VIC 3149 Australia t: +613 8566 6805 e: info@secosgroup.com.au www.secosgroup.com.au

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The Company will allot shares and dispatch holding statements in relation to the Placement on Monday 17 July 2017. Participation in the Placement by SECOS Non-Executive Director Donald Haller Jnr will be made subject to approval of shareholders at SECOS’ 2017 Annual General Meeting.

The Board of Directors would like to thank all shareholders and investors for their support.

For more information, please contact:

Richard Tegoni Executive Chairman +61 411 110 901 r.tegoni@secosgroup.com.au

Tim Dohrmann Investor and Media Enquiries +61 468 420 846 tim@nwrcommunications.com.au

About SECOS Group Limited

SECOS Group Limited (ASX: SES) is a leading developer and manufacturer of sustainable packaging materials. Based in Melbourne, Australia, SECOS supplies its proprietary biodegradable resins, packaging products and high-quality cast films to a blue-chip global customer base.

SECOS holds a strong patent portfolio and the global trend toward sustainable packaging is fueling the Company’s growth, bringing FY16 revenue of $21 million.

The Company’s headquarters and Global Application Development Centre are based in Melbourne, Australia. SECOS has a Product Development Centre and manufacturing plant for resins and finished products in Nanjing, China, with manufacturing plants for high quality cast films in Melbourne and Kuala Lumpur, Malaysia. SECOS’ annual production capacity is 7,200 tonnes of bioplastic resins, 15,000 tonnes of cast film and 2,000 tonnes of blown film and finished products.

SECOS has sales offices in Australia, Malaysia, China and the US, with a network of leading distributors across the Americas, Asia and Europe.