Ann: EdenCrete Conditionally Approved by Oregon DOT, page-2

Note from this

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

Background

Tasman through its wholly owned subsidiary, Noble Energy Pty Ltd, holds 513,198,298 fully paid
shares in Eden (representing 39.14% of the total issued capital of Eden) and 81,356,779 EDEO
options (representing 51.74% of the issued EDEO options). This equates to 1.26 EDE shares and
0.20 EDEO options held for every Tasman share issued.
Based on the last traded prices on the ASX of EDE ($0.15) and EDEO ($0.12) on 8 January 2018,
this investment had a market value of $86 million, which is equivalent to 21.3 cents for every​

currently issued TAS share.


Current values for EDE and EDEO, 17.5 and 14.5 cents respectively, so with a 15% increase based on those figures equates to a 24.5c shareprice (or about 20.2 cents if options exercised) So 50% increase in SP just to meet Eden investment, they do have to pay $2.5m to exercise the EDEO options also.
Very cheap currently and the way Eden is going in the US, this could see a bag easy, if not 2