MYECO GROUP LTD — Director's Dealing 2010

May 12, 2010

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TO: COMPANY ANNOUNCEMENTS OFFICE ASX LIMITED DATE: 13 MAY 2010

CHANGE OF DIRECTOR’S INTEREST NOTICE

The Company wishes to announce a change in the Director’s Interest of Dr Frank Glatz. An Appendix 3Y Change of Director’s Interest Notice is attached.

JOHN WILSON Company Secretary

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Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity	CARDIA BIOPLASTICS LTD
ABN	89 064 755 237

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Dr Frank Glatz
Date of last notice	7 August 2009

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Change in Indirect Interest
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Indirect interest-Ordinary Shares &Options (30 June 2011) held by Director’sSpouse,Mrs Sarah Alexandra Glatz
Date of change	12 May 2010
No. of securities held prior to change	Direct (9,000,000 Ordinary Shares &3,000,000 Options -30 June 2011)Indirect (3,002,334 Ordinary Shares &1,800,000 Options- 30 June 2011)
Class	Ordinary SharesOptions (30 June 2011)
Number acquired	260,000Ordinary Shares acquired by Director’sSpouse
Number disposed	NIL
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$5,000.00

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	Direct (9,000,000 Ordinary Shares &3,000,000 Options -30 June 2011)Indirect (3,262,334 Ordinary Shares &1,800,000 Options- 30 June 2011)
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	On -market trade

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002