ACN 009 253 187

AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

18 JULY 2016

EDENCRETETM UPDATE - MARTA PROJECT TEST RESULTS

Please see attached ASX Announcement by Eden Energy Ltd (ASX: EDE) for further details.

Background

Tasman through its wholly owned subsidiary, Noble Energy Pty Ltd, holds 493,198,298 fully paid shares in Eden (representing 42.33% of the total issued capital of Eden) and 101,356,779 EDEO options representing 46.06% of the issued EDEO options. This equates to 1.3 EDE shares and

The EdenCreteTM dosage rate: 3 gallons/ yard3 of concrete (11.356 litres/ 0.76 metres3).

All tests were conducted after concrete had cured for 28 days.

Level 15, 197 St Georges Terrace, Perth, Western Australia 6000 Telephone: (08) 9282 5889 Facsimile: (08) 9282 5866

Email: [email protected]

DETAILS

Eden Energy ("Eden") (ASX: EDE) is pleased to announce that it has now received the test results from two independent laboratories of its first commercial government infrastructure project.

These tests, taken after the concrete test cylinders had cured for 28 days, produced further very encouraging results.

The project was undertaken in May 2016 (see Eden announcement ASX: EDE 16 May 2016) at the Metropolitan Atlanta Rapid Transit Authority (MARTA) Brady Mobility Facility in Atlanta, Georgia (see Figures 1 and 2 below).

A section of a new concrete hardstand area was installed using EdenCreteTM enriched concrete at a new state-of-the-art bus garage that is being constructed to replace the existing garage at the MARTA Brady Mobility facility in Atlanta, Georgia.

The dosage rate used for the trial of 3 gallons of EdenCreteTM per cubic yard of concrete, was lower than the 4 gallons per cubic yard that had originally been planned, due to the increased volume of concrete that was finally required.

However, based on other trials, the EdenCreteTM had still been assumed would at least double the service life of the concrete by enhancing the concrete's performance characteristics.

The results produced from these tests are considered to support this assumption.

Figure 1. Brady Mobility Facility with EdenCreteTM slab site being prepared (shown in upper left)

Figure 2. EdenCreteTM enriched slab being installed

As previously announced, two independent test laboratories in Georgia each took test samples of both the standard concrete and the EdenCreteTM enriched concrete. The results reported from each of the two laboratories are shown in Figures 3 and 4 below.

ATC Laboratory Results

Figure 3 ATC Laboratory Test Results -MARTA Brady Mobility