GENERATION DEVELOPMENT GROUP LIMITED — Major Shareholding Notification 2009

Jun 30, 2009

604 Page 1 of 3 15 July 2001

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme Austock Group Limited

ACN/ARSN 087 334 370

1. Details of substantial holder (1)

Austock Employee Share Custodian Pty Ltd and the other parties listed Name in the Annexure

ACN/ARSN (if applicable)

137 097 664

There was a change in the interests of the substantial holder on

substantial holder on 20 / 5 / 2009 The previous notice was given to the company on 18 / 5 / 2009 (corrected on 1 July 2009) The previous notice was dated 18 / 5 / 2009 (corrected on 1 July 2009)

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:

mpany or scheme, are as follows:
Class of securities (4)	Previous notice		Present notice
	Person’s votes	Voting power(5)	Person’s votes	Voting power(5)
Fully paid ordinaryshares and partly paidordinary shares	15,622,055	11.66%	17,395,880	12.98%

3. Changes in relevant interests

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 substantial holding notice to the company or scheme are as follows:

follows:
Date ofchange	Person whoserelevant interestchanged		Nature of change (6)		Consideration given inrelation to change (7)		Class and numberof securitiesaffected		Person's votesaffected
Various	AustockEmployee
	ShareCustodianPty Ltd and		Acquisition	of	Refer Ann	exure	Refer		Ref	er
	the otherpartieslisted in		shares		B		Annexu	re B	Ann	exure B
	the AnnexurA	e

4. Present relevant interests

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

Holder ofrelevant	Registered holderof securities	Person entitled to beregistered as holder	Nature of relevantinterest(6)	Class and numberof securities	Person's votes

604 Page 2 of 3 15 July 2001

interest		(8)
AustockEmployeeShareCustodianPty Ltd	AustockEmployeeShareCustodianPty Ltd	N/a	Legalownership	17,382,405fully paidordinaryshares and1,280,160partly paidordinaryshares	17,395,880
AustockGroupLimited	AustockEmployeeShareCustodianPty Ltd	N/a	Control ofAustockEmployee ShareCustodian PtyLtd	17,382,405fully paidordinaryshares and1,280,160partly paidordinaryshares	17,395,880
The otherpartieslilstedin theAnnexureA	AustockEmployeeShareCustodianPty Ltd	N/a	Theirassociate,Austock GroupLimited, hascontrol ofAustockEmployee ShareCustodian PtyLtd	17,382,405fully paidordinaryshares and1,280,160partly paidordinaryshares	17,395,880

5. Changes in association

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 follows:

Name and ACN/ARSN (if applicable)	Nature of association
n/a

6. Addresses

The addresses of persons named in this form are as follows:

	Name		Address
	Austock Employee ShareCustodian Pty Ltd andthe other parties listedin the Annexure A		Level 1, 350 Collins Street, Melbourne

Signature

re
print namesign here	Amanda GawnecapacityCompany Secretary
	date1/7/2009

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group,

604 Page 3 of 3 15 July 2001

with the names and addresses of members is clearly set out in paragraph 6 of the form.

• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (6) Include details of:

  • (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

  • (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

• (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".

• (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

ANNEXURE A

AUSTOCK GROUP OF COMPANIES

Company	ACN
Austock Group Limited	087 334 370
►Austock Asset Management Limited	010 338 324
►Austock Corporate Finance PtyLtd	101 074 015
►Austock Financial PlanningPtyLtd	130 354 997
►Austock Insurance Brokers PtyLtd	110 840 901
►Austock Life Limited	092 843 902
►Austock Securities Ltd	053 513 438
►► Austock Nominees PtyLtd	054 990 359
►► RegistryNominees PtyLtd	132 288 450
►Austock Services PtyLtd	101 471 327
►AG Fund PtyLtd	118 753 058
►Austock Private EquityPtyLtd	113 924 842
►NewregPtyLtd	125 082 804
► ►Registries Ltd	003 209 836
►Pemeca PtyLtd	128 102 643
►Pemeca No. 2 PtyLtd	113 924 824
►Austock PropertyFunds Management PtyLtd	120 289 394
►Austock RE Ltd	106 512 716
► ►Austock PropertyServices PtyLtd	126 732 581
►► Austock Funds Management Ltd	094 185 092
►► Austock Real Estate Management PtyLtd	120 383 628
► ►Austock PropertyManagement Ltd	111 338 937
► ►Austock GET Management PtyLtd	121 791 099
►►► Austock GET USA Management PtyLtd	121 791 124
Codes
► Subsidiary
► ►Subsidiaryof a subsidiary
►►► Subsidiaryof a subsidiaryof a subsidiary

ANNEXURE B

	Transactionsfrom 18 May2009 to 30June 2009	Quantity	Average Cost	Total Cost	TotalSecurities
AUSTOCK GROUP LIMITED (ACK)Balance at 18 May 200914,796,64720-May-09900,000$0.25$225,00015,696,64722-May-092,000$0.25$500,00015,698,64715-Jun-09132,322 escrow conversionescrow conversion15,830,96917-Jun-0970,550$0.23$16,22615,901,51930-Jun-09800,000$0.28$224,00016,701,519
AUSTOCK FPO ESCROW 01/06/10(ACK01/06/10)Balance at 18 May 2009142,857
AUSTOCK FPO ESCROW 01/07/09(ACK01/07/09)Balance at 18 May 20093,567
AUSTOCK FPO ESCROW 01/07/10(ACK01/07/10)Balance at 18 May 20093,566
AUSTOCK FPO ESCROW 01/10/09(ACK01/10/09)Balance at 18 May 2009110,040
AUSTOCK FPO ESCROW 05/12/09(ACK05/12/09)Balance at 18 May 200917,592
AUSTOCK FPO ESCROW 05/12/10(ACK05/12/10)Balance at 18 May 200917,591
AUSTOCK FPO ESCROW 14/08/09(ACK14/08/09)Balance at 18 May 20091,368
AUSTOCK FPO ESCROW 14/08/10(ACK14/08/10)Balance at 18 May 20091,367
AUSTOCK FPO ESCROW 25/11/09(ACK25/11/09)Balance at 18 May 200933,333
AUSTOCK FPO ESCROW 25/11/10(ACK25/11/10)Balance at 18 May 200933,333
AUSTOCK FPO ESCROW 28/05/10(ACK28/05/10)Balance at 18 May 2009132,322
AUSTOCK FPO ESCROW 28/05/11(ACK28/05/11)Balance at 18 May 2009132,321
AUSTOCK FPOESCROW 28/05/12(ACK28/05/12)Balance at 18 May 200928,801
AUSTOCK FPOESCROW PENDINGDISPOSALBalance at 18 May 200922,828
AUSTOCK ESCROW PPO (PAID TO 0.01)Balance at 18 May 20091,280,160

TOTAL

18,662,565