MYECO GROUP LTD — Major Shareholding Notification 2013

May 22, 2013

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ASX CODE: CNN OTCQX CODE: CDRBY

TO: COMPANY ANNOUNCEMENTS OFFICE ASX LIMITED DATE: 23 May 2013

NOTICE OF INITIAL SUBSTANTIAL HOLDER

Attached is a Notice of Initial Substantial Holder-Form 603 received from Dentost Pty Ltd.

Rekha Bhambhani Company Secretary

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603 Page 1 of 2 15 July 2001

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme

To Company Name/Scheme Cardia Bioplastics Limited ACN/ARSN 064755237

1. Details of substantial holder (1)

Name DENTOST PTY LTD

ACN/ARSN (if applicable)

069897141

The holder became a substantial holder on 22 / 05 / 2013

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
ORDINARY SHARES	120,000,000	120,000,000	5.54%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
DENTOST PTY LTD	Direct	ORDINARY SHARES
		120,000,000

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevantinterest	Registered holder ofsecurities	Person entitled to beregistered asholder(8)	Class and number of securities
DENTOST PTY LTD	DENTOST PTY LTD	DENTOST PTY LTD	ORDINARY SHARES
			120,000,000

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevantinterest	Date of acquisition	Consideration (9)	Consideration (9)	Class and number of securities
		Cash	Non-cash
DENTOST PTY LTD	22 MAY 2013	$300,000	-	ORDINARY SHARES
		$0.0025/SHARE		120,000,000