GENERATION DEVELOPMENT GROUP LIMITED — Director's Dealing 2008

Jul 28, 2008

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity AUSTOCK GROUP LIMITED ABN 90 087 334 370

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	William Eric Bessemer
Date of last notice	11 December 2007

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

director for the purposes of section 205G of the Corporations Act.	director for the purposes of section 205G of the Corporations Act.	director for the purposes of section 205G of the Corporations Act.	director for the purposes of section 205G of the Corporations Act.
Name of DirectorWilliam Eric BessemerDate of last notice11 December 2007Part 1 - Change of director’s relevant interests in securitiesIn the case of a trust, this includes interests in the trust made available by the responsible entity of the trNote: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a direcin this part.Direct or indirect interestIndirect
	Direct or indirect interest	Indirect
	Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Onever Pty LtdMr Bessemer is a director and shareholder ofOnever Pty Ltd
	Date of change	29 July 2008
	No. of securities held prior to change	Onever Pty Ltd5,871,120 fully paid ordinary shares600,000 optionsSmith Peaco Nominees Pty Ltd ATFBessemer Property Trust6,639,100 fully paid ordinary shares
	Class	Options
	Number acquired
	Number disposed	600,000 options
	Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	Cancelled for no consideration

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	Onever Pty Ltd5,871,120 fully paid ordinary sharesSmith Peaco Nominees Pty Ltd ATFBessemer Property Trust6,639,100 fully paid ordinary shares
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue of	Cancellation of options for no consideration
securities under dividend reinvestment plan, participation in buy-back

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Note: In the case of a company, interests which come within paragraph (ii) of thin this part.	Note: In the case of a company, interests which come within paragraph (ii) of thin this part.	e definition of “notifiable interest of a director” should be disclosed
Detail of contract	No chang	e – as previously advised
Nature of interest
Name of registered holder(if issued securities)
Date of change
No. and class of securities to
which interest related prior tochange
Note: Details are only required for a contract in relationto which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details and anestimated valuation
Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002