RESOURCES & ENERGY GROUP LIMITED — Major Shareholding Notification 2007

Feb 15, 2007

Ironwood Investments Pty Limited

16 February 2007

Australian Stock Exchange Limited Level 6, Exchange Centre 20 Bridge Street Sydney NSW 2000

Company Announcements

Please find attached our Form 603 "Notice of initial substantial holder" for Real Brand Holdings Limited A.C.N. 110 005 822.

Yours Sincerely

Lindsay Phillips Director

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Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	Real Brand Holdings Limited
ACN/ARSN	110 005 822	--------

1. Details of substantial holder(1)

Name	Ironwood Investments Pty Ltd (art The Phillips Super Fund)
ACN/ARBN (if applicable)	058 461 395
There was a change in the interests of the substantial holder on		14 February 2007
The previous notice was given to the company on		21 June 2006
The previous notice was dated		21 June 2006

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice		Present riotice
	Person's votes	Voting power (5)	Person's votes		Voting power (5)
Ordinary Shares	6,814,500	18.6%	7,260,644		19.9%

3. Changes in relevant interests

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Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substant al holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change	Consideration given in relation to change (7)	Class and number of securities	Person's votes affected
9- 14/02/07	Ironwood Investments Pty Ltd (atf The Phillips Super Fund)	Purchase	\$31,496	446,144	446.144

$p.3$

$-2-$

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder(8)	Nature of relevant interest(6)	Class and number of securities	Person's votes
Ironwood Investments Pty Ltd	Ironwood Investments Pty Ltd	Ironwood Investments Ptv Ltd	Registered and beneficial owner	Ordinary shares 4,843,144	4,843,144
M.J.H. Nightingale & Co Pty Ltd	M.J.H. Nightingale & Co Ptv Ltd	M.J.H. Nightingale & Co Pty Ltd	Registered and beneficial owner	Ordinary shares 2,317,500	2,317,500
Dr Stephanie Phillips	Dr Stephanie Phillips	Dr Stephanie Phillips	Registered and beneficial owner	Ordinary shares 100,000	100,000

5. Changes in association

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The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association(9) with, the substantial holder in relation to voting interests in the company or scheme are as fol

Name and ACN/ARSN (if applicable)	Nature of association
Ironwood Investments Pty Limited	The directors of Ironwood Investments Pty Ltd (Lindsay Phillips & Dr. Stephanie Phillips) are directors and/or shareholders of M.J.H. Nightingale & Col Pty Limited.
	The substantial shareholder and the associates will be acting in concert with respect to their respective shareholdings in the company.
6. Addresses

Name	Address
Ironwood Investments Pty Ltd	37 Pearl Bay Ave Mosman NSW 2088
M.J.H. Nightingale & Co. Pty Limited	PO Box R348 Royal Exchange Sydney NSW 1225
Dr Stephanie Phillips	37 Pearl Bay Ave Mosman NSW 2088

Signature
print name:	Lindsay John Phillips	capacity	DIRECTOR/SECRETARY
sign here		date	16/2/2007