MYECO GROUP LTD — Share Issue/Capital Change 2009

Aug 11, 2009

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TO: COMPANY ANNOUNCEMENTS OFFICE ASX LIMITED

DATE: 12 AUGUST 2009

PROPOSED ISSUE OF SHARES IN CAM BOW LIMITED TO CARDIA SHAREHOLDERS

Following the announcement made on 10 July 2009 regarding the proposed nonrenounceable entitlements issue of ordinary shares in Cam Bow Ltd (“Cam Bow”) to Cardia Shareholders details of the issue are as follows:-

• 124,567,318 fully paid ordinary shares on the basis of 1 ordinary share in Cam Bow Ltd for every 5 ordinary shares held in Cardia.

• The issue price of the shares will be $0.015 (1.5 cents) per share.

• The issue will raise approximately $1,868,510.

• The funds raised will be used for the future uranium exploration activities in Botswana, to repay a loan of $601,352 to Cardia and to meet administrative and corporate overheads generally.

• The issue will be fully underwritten by Trayburn Pty Ltd a company associated with Mr. Patrick Volpe, a director of both Cardia and Cam Bow, for an underwriting fee of 5% of the amount of issue which will be approximately $93,425 should no Cardia options be exercised to enable participation in the Issue and to be paid in cash or shares to an equivalent value at the option of the underwriter.

Important Dates of the Issue are as follows:

• Cardia Shares trade ex-entitlement on ASX

• Record Date to determine Entitlements

• Date entitlement and acceptance form and OIS will be sent to persons entitled

• Closing Date for receipt of acceptances

• Despatch of Statements

  • 19[th] August 2009 25[th] August 2009

• 27th August 2009

• 10[th] September 2009 17[th] September 2009

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John Wilson Company Secretary