GENERATION DEVELOPMENT GROUP LIMITED — Capital/Financing Update 2009

May 17, 2009

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ASX / Media Announcement

AUSTOCK – Cleansing Statement

18 May 2009: Austock Group Limited (ASX: ACK ) ( Austock ) seeks to rely on section 708A(5) of the Corporations Act 2001 (Cth)( Act ) and gives notice under section 708A(5)(e) of the Act of the following details:

• Austock issued 13,272,185 fully paid shares ( Shares ) on 15 May 2009;

• Austock issued the Shares without disclosure to investors under Part 6D.2 of the Act;

• As at the date of this notice, Austock has complied with:

  • The provisions of chapter 2M of the Act as they apply to Austock; and

  • Section 674 of the Act; and

• As at the date of this notice, there is no information to be disclosed that is “excluded information” within the meaning of section 708A(7) of the Act.

Adrian Hill Company Secretary

For further information please contact:

Investor Relations Department Telephone: 61 3 8601 2087

About Austock Group:

Austock Group is an independent, publicly listed diversified investment and financial services group. It has a culture and track record of being prepared to invest to build sustainable returns for its clients and shareholders. Founded in 1991, the company now comprises corporate and securities, private wealth and investment management businesses. Austock has offices in Melbourne, Sydney and Brisbane along with international affiliations. Austock is a Pooled Development Fund that invests in and develops financial services businesses under a tax-efficient structure.