ENECO REFRESH LTD — Capital/Financing Update 2017

May 14, 2017

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Refresh Group Limited ( ABN 28 079 681 244) 17 Denninup Way, Malaga WA 6090 Tel: (08) 9248 3006 Fax: (08) 9248 7233 Email: info@refreshgroup.com.au Website: www.refreshgroup.com.au

Monday, 15 May 2017

ASX Announcement

(ASX:RGP)

Refresh Acquires AMPI Plastics

The Directors of Refresh Group Ltd (Refresh) are pleased to announce that Refresh has acquired the business of AMPI Plastics Pty Ltd (AMPI).

AMPI produces a wide variety of plastic products ranging from 5mL to 200 litres. Refresh has purchased plastic bottles from AMPI since July 2012. AMPI began operations in 1976, starting with only one employee and two small machines in a garage. Today, AMPI has a dedicated workforce of more than 30 employees, many of whom have been with the company for many years. AMPI currently operates from 3 buildings and has more than 20 machines. Turnover has been consistent; between $3 million to $4 million in recent years.

Besides producing its own products, AMPI is the licensee of petainerKeg[TM] for Australia, New Zealand and the Pacific Islands. Petainer’s innovative PET keg retains product quality as well as a steel keg. It helps producers avoid the massive capital investment in steel kegs. Being single use, it allows producers to deliver beer, cider and wine anywhere in the world at a fraction of their previous cost.

AMPI's diverse machinery enables it to produce a number of custom moulded products. It has been contract packing for many companies to their specifications.

AMPI's Managing Director, Mr Peter Vena said:

“I’ve worked very hard for more than 40 years to build up AMPI. The staff has become like family to me. As I look to retirement, I want to ensure that my staff are well taken care of. We have known Refresh for many years and seen how dynamic a company they are. I’m glad to hand AMPI over to good hands.”

Refresh has been producing PET bottles for its own use in Perth and Brisbane. Following the vertical integration of AMPI, it now has the technology and know-how to expand its bottle capability. With Refresh’s warehouses in Melbourne, Sydney, Brisbane, Toowoomba, Perth and Kalgoorlie, it can provide AMPI customers with national support, thereby reducing turnaround time.

Refresh Chairman Mr Henry Heng commented:

“We are proud to be have acquired such an established business as AMPI Plastics. A veteran in the industry, AMPI is recognised for its quality and reliability. All staff are continuing with us so it will be business as usual at AMPI except for the change in ownership. Refresh has the financial resources to now grow and expand the business.”

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Refresh Waters Pty Ltd (ABN 20 115 000 318) Head Office/Perth - 17 Denninup Way, Malaga WA 6090 T: 08 92487222 F: 08 92487233 E: perth@refreshwaters.com.au Kalgoorlie – 33/46 Great Eastern Hy, Kalgoorlie WA 6430 T: 08 90222266 F: 08 90224468 E: kalgoorlie@refreshwaters.com.au Melbourne – 11 Olive Grove, Keysborough Vic 3173 T: 03 87128432 F: 03 97015744 E: melbourne@refreshwaters.com.au Sydney – 3 Salisbury St, Silverwater NSW 2128 T: 02 97484200 F: 02 97484366 E: sydney@refreshwaters.com.au Refresh Waters Queensland Pty Ltd (ABN 97 095 451 406) Brisbane – 120 Mica Street, Carole Park Qld 4300 T: 07 32711251 F: 07 38793019 E: brisbane@refreshwaters.com.au Toowoomba – 600 Boundary St, Toowoomba Qld 4350 T: 07 46590400 F: 07 46590411 E: toowoomba@refreshwaters.com.au Refresh Plastics Pty Ltd (ABN 82 616 217 791) t/a Ampi Plastics – 9 Olive Grove, Keysborough Vic 3173 T: 03 97015600 F: 03 97015744 E: enquiries@ampiplastics.com.au

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Refresh has incorporated a wholly-owned subsidiary to undertake the acquisition – Refresh Plastics Pty Ltd. This allows Refresh to have two strong revenue streams. The new organisation structure is as follows:

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----- Start of picture text ----- Refresh Group LtdRefresh Waters Pty Ltd Refresh Plastics Pty Ltd100% owned 100% ownedRefresh Waters Queensland Pty Ltd49% owned----- End of picture text -----

More information about AMPI is available on www.refreshplastics.com.au.

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Office building

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Plastics factory Blow moulding machinery

For more information, please contact: Henry Heng Executive Chairman henry@refreshgroup.com.au

Australia’s largest producer of distilled drinking water

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