ENECO REFRESH LTD — Share Issue/Capital Change 2008

Apr 3, 2008

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Refresh Group Limited ( ACN 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

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Name of entity Refresh Group Limited ABN 28 079 681 244

We, Refresh Group Limited, give ASX the following information.

Part 1 - All issues

• 1 +Class of +securities issued or to be issued 2 Number of[+] securities issued or to be issued or maximum number which may be issued

• 3 Principal terms of the[+] securities

• 4 Do the[+] securities rank equally in all respects from the date of allotment with an existing[+] class of quoted[+] securities?

• 5 Issue price or consideration 6 Purpose of the issue 7 Dates of entering[+] securities into uncertificated holdings or despatch of certificates

Options 1,270,000 Exercise price: $0.07 per option Expiry date: 27 March 09 Upon exercise of options, shares rank equally Nil Issue of Directors and Executives Option as approved by shareholders on 31 Oct 05 28 March 08

Appendix 3B New issue announcement

• 8 Number and[+] class of all[+] securities quoted on ASX

• 9 Number and[+] class of all[+] securities not quoted on ASX

• 10 Dividend policy on the increased capital (interests)

Number	~~+~~Class
27,174,828	ordinary
Number	~~+~~Class
1,270,000	Options – exerciseprice $0.07 each;expiring 27 March09
Nil

Part 2 - Bonus issue or pro rata issue

Questions 11 to 33 – Not applicable

Part 3 - Quotation of securities

• 34 Type of securities

• (a) Securities described in Part 1

• (b) All other securities

Entities that have ticked box 34(a)

Questions 35 to 37 – Not applicable

Entities that have ticked box 34(b)

• 38 Number of securities for which[+] quotation is sought

17,186,405 shares

• 39 Class of[+] securities for which quotation is sought

Ordinary

• 40 Do the[+] securities rank equally in all respects from the date of allotment with an existing[+] class of quoted[+] securities?

Yes

• 41 Reason for request for quotation now

• 42 Number and[+] class of all[+] securities quoted on ASX ( including the securities in clause 38)

End of restrictionperiod	End of restrictionperiod
Number	+Class
44,361,233	ordinary

Appendix 3B Page 2

Appendix 3B New issue announcement

Quotation agreement

1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the[+] securities on any conditions it decides.

• 2 We warrant the following to ASX.

  • The issue of the[+] securities to be quoted complies with the law and is not for an illegal purpose.

  • There is no reason why those[+] securities should not be granted[+] quotation.

  • An offer of the[+] securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

  • Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any[+] securities to be quoted and that noone has any right to return any[+] securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the[+] securities be quoted.

  • If we are a trust, we warrant that no person has the right to return the[+] securities to be quoted under section 1019B of the Corporations Act at the time that we request that the[+] securities be quoted.

• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

• 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before[+] quotation of the[+] securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are true and complete.

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4 April 2008

Sign here: ................................................................... Date: ………..………………......... Executive Chairman

Print name: Henry Heng

Appendix 3B Page 3