MYECO GROUP LTD — Share Issue/Capital Change 2011

Jun 7, 2011

==> picture [588 x 148] intentionally omitted <==

TO: COMPANY ANNOUNCEMENTS OFFICE ASX LIMITED

DATE: 8 June 2011

OPTION EXPIRY NOTICE

Cardia Bioplastics Limited (“Cardia”) advises that an Option Expiry Notice has today been sent to all Listed Option Holders in relation to the expiry of the Listed Options (ASX Code : CNNO) on 30 June 2011.

Listed Options not exercised by 5.00 pm AEST on 30 June 2011 will automatically expire.

A copy of the Option Expiry Notice sent to Optionholders is attached.

REKHA BHAMBHANI Company Secretary

==> picture [593 x 63] intentionally omitted <==

8 June 2011

Dear Optionholder

NOTICE TO OPTION HOLDERS

We write to you as a registered holder of the above number of the above as at today’s date. These options entitle you to acquire ordinary fully paid shares in Cardia Bioplastics Limited .Each option held is for the acquisition of one ordinary fully paid share, and the exercise price is 10 cents per option.

You are formally advised that these options will expire at 5.00 pm AEST on 30 June 2011.

Options may be exercised wholly or in part by completing the exercise of options form and payment of 10 cents ($0.10) for each option exercised, by no later than 30 June 2011. If the “ Application for Shares upon exercise of Options” form and payment is not received by 5.00 pm AEST on 30 June 2011 the options will not be exercised and will result in the forfeiture of any rights that you as an optionholder may have in relation to ordinary shares.

Pursuant to Listing Rule 6.24, Appendix 6A of the Australian Securities Exchange Limited (ASX) , the Company provides the information contained in this notice.

Market Sale Price

The market sale price of ordinary fully paid shares in Cardia Bioplastics Limited on the ASX was 1 cent ($0.01) 7th June 2011, being the last trading day prior to the date of this notice.

During the three months preceding the date of this notice:

• th

• the highest market price on the ASX was 1.5 cents on 10 March 2011 ; and th

• the lowest market price on the ASX was 0.9 cents on 30 May 2011.

Last Date of Quotation on ASX

Last date of quotation of the options on ASX is Thursday, 23 June 2011.

A “Notice of Exercise of Options and Applications for Shares” form is enclosed for your completion.

How to Exercise your Options

Please complete the enclosed “Applications for Shares upon exercise of Options” form and then forward it together with your cheque, to be received by 5.00pm AEST on 30 June 2011 to:

Advanced Share Registry Limited PO Box 1156 NEDLANDS WA 6909 Telephone : (08) 93898033 Facsimile : (08) 93897871

Payments must be in Australian Dollars only, and cheques should be made payable to Cardia Bioplastics Limited and crossed “Not Negotiable” and drawn on an Australian bank.

Yours Sincerely,

==> picture [64 x 36] intentionally omitted <==

Pat Volpe Chairman

==> picture [593 x 63] intentionally omitted <==

CNNO

CARDIA BIOPLASTICS LIMITED ACN 064 755 237 INCORPORATED IN VICTORIA

APPLICATION FOR SHARES UPON EXERCISE OF OPTIONS

I/We ___________________

Securityholder Reference Number (S.R.N) / Holder Identification Number (H.I.N) ________

Contact Telephone Number ________

The registered holder(s) of the Options hereby exercise my/our Option for: __ _________

In figures In words

The registered holder(s) of the Options hereby exercise my/our Option for: __ ______ In figures In words

Ordinary Fully Paid Shares and enclose application money of 10 cents per share $............………..............................……………………………………... (amount payable on exercise)

I/We whose full name(s) and address(es) appear above hereby apply for the number of Shares shown above. I/We agree to be bound by the Constitution of the Company.

I/We whose full name(s) and address(es) appear Constitution of the Company.	above hereby apply for the number of Shares	(amount payable on exercise) shown above. I/We agree to be bound by the
Signature Of Shareholder(s)	Companies Only- Executed in accordance with	the Company’s Constitution and the
(All joint holders must sign)	Corporations Law.
----------------------------------------------------	----------------------------------------------------------------------
Signature Date	Sole Director and Sole Secretary	Date
---------------------------------------------------	-------------------------------------------------	--------------------------------------------------
Signature Date	Director Date	Secretary Date
----------------------------------------------------	-------------------------------------------------	--------------------------------------------------
Signature Date	DirectorDate	Director Date

Note : If signed under Power of Attorney, a Certified Copy of the relevant Power of Attorney document must be exhibited to the Registry. The Attorney declares that he/she has had no notice of revocation of the Power of Attorney.

TERMS AND CONDITIONS OF OPTIONS

**TERMS AND CONDITIONS OF OPTIONS **	**TERMS AND CONDITIONS OF OPTIONS **
The terms and conditions of the New Options are as follows
(a)	Each option entitles the holder to subscribe for 1 ordinary share in Cardia Bioplastics Limited ACN 064 755 273 (“the Company”) upon the payment of $0.10 (10 cents).
(b)	The options will lapse at 5.00pm (AEST) on 30 June 2011 (“Expiry Date”)
(c)	The options are transferable.
(d)	There are no participating rights or entitlements inherent in these options and holders of the options will not be entitled to participate in new issues of capital that may be offered to shareholders during the currency of the option.
(e)	Optionholders have the right to exercise their options prior to the date of determining entitlements to any capital issues to the then existing shareholders of the Company made during the currency of the options, and will be given a period of not less than 10 Business Days notice before the record date to determine entitlements to the Issue in which to exercise the options.
(f)	In the event of any re-organisation (including reconstruction, consolidation, subdivision, reduction or return of capital) of the issued capital of the Company, the options will be reorganised as required by the Listing Rules, but in all others respects the terms of exercise will remain unchanged.
(g)	The options shall be exercisable at any time during the period ending on or before the Expiry Date(“Exercise Period”)by the delivery to the registered office of the Company of a notice in writing(“Notice”)stating the intention of the optionholder to exercise all or a specified number of options held by the optionholder accompanied by an Option Certificate or Holding Statement and a cheque made payable to the Company for the subscription moneys for the shares to be issued on exercise of the options the subject of the Notice. The Notice and cheque must be received by the Company during the Exercise Period. An exercise of only some options shall not affect the rights of the optionholder to the balanceof the options held by the optionholder.
(h)	The Company shall allot the resultant shares and deliver a Holding Statement of shareholdings with a holders’ identification number within 10 Business Days of exercise of the options.
(i)	The shares allotted shall rank, from the date of allotment, equally with the existing ordinary shares of the Company in all repects.

Cheques should be made payable to CARDIA BIOPLASTICS LIMITED and crossed “Not Negotiable” and drawn on an Australian Bank and posted to Advanced Share Registry Limited, PO Box 1156, Nedlands, Western Australia 6909.

NOTE: OPTIONS NOT EXERCISED BY 5.00 PM AEST 30 JUNE 2011 WILL AUTOMATICALLY EXPIRE.