GENERATION DEVELOPMENT GROUP LIMITED — Declaration of Voting Results & Voting Rights Announcements 2008

Oct 29, 2008

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ASX Announcement

30 October 2008

Results of Annual General Meeting

Pursuant to ASX Listing Rule 3.13.2, the results of the Annual General Meeting held today are as follows:

Item 2: Adoption of Remuneration Report

“That the Remuneration Report of the Company for the financial year ended 30 June 2008 be adopted.”

This resolution was passed on a show of hands as an ordinary resolution.

The total number of proxy votes exercisable by all proxies validly appointed was 35,641,602. Instructions in respect of the proxies were:

FOR AGAINST ABSTAIN OPEN 30,085,575 5,081,021 197,778 277,228

Item 3.1: Election of Mr Chris Sadler as a Director

“Mr Christopher Alan Sadler, who ceases to hold office in accordance with Rule 11.1(c) of the Company’s Constitution and, being eligible, offers himself for election, be elected a Director of the Company.”

This resolution was passed on a show of hands as an ordinary resolution.

The total number of proxy votes exercisable by all proxies validly appointed was 35,641,602. Instructions in respect of the proxies were:

FOR AGAINST ABSTAIN OPEN 35,286,054 70,660 10,460 274,428

Item 3.2: Re-election of Mr Cottren as a Director

“Mr Victor David Cottren, who retires by rotation in accordance with Rule 11.1(d) of the Company’s Constitution and, being eligible, offers himself for re-election, be re-elected a Director of the Company.”

This resolution was passed on a show of hands as an ordinary resolution.

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Austock Group Limited ABN: 90 087 334 370 Level 1, 350 Collins Street, Melbourne, Vic 3000 Telephone: 61 3 8601 2049 Facsimile: 61 3 9670 3081 Email: investorrelations@austock.com Website: www.austock.com

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The total number of proxy votes exercisable by all proxies validly appointed was 35,641,602. Instructions in respect of the proxies were:

FOR AGAINST ABSTAIN OPEN 33,100,152 2,264,022 3,000 274,428

Item 4.1: Issue of shares to employees under employment contracts

“For the purposes of ASX Listing Rule 7.4 and all other purposes, approval is given to the issue of 568,790 ordinary shares to or on behalf of employees under employment contracts, as detailed in the Explanatory Statement accompanying this Notice of Meeting.”

This resolution was passed on a show of hands as an ordinary resolution.

The total number of proxy votes exercisable by all proxies validly appointed was 35,238,506. Instructions in respect of the proxies were:

FOR AGAINST ABSTAIN OPEN 29,078,157 5,915,171 5,460 239,718

Item 4.2: Issue of options to senior executives and employees under the Executive Long Term Incentive Plan

“For the purposes of ASX Listing Rule 7.4 and all other purposes, approval is given to the issue of 10,510,000 options to acquire ordinary shares to senior executives and employees under the Executive Long Term Incentive Plan, as detailed in the Explanatory Statement accompanying this Notice of Meeting.”

This resolution was passed on a show of hands as an ordinary resolution.

The total number of proxy votes exercisable by all proxies validly appointed was 35,143,192. Instructions in respect of the proxies were:

FOR AGAINST ABSTAIN OPEN 29,012,947 5,902,581 7,800 219,864

Amanda Gawne Company Secretary

For further information please contact:

Investor Relations Department Telephone: 61 3 8601 2087

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Austock Group Limited ABN: 90 087 334 370 Level 1, 350 Collins Street, Melbourne, Vic 3000 Telephone: 61 3 8601 2049 Facsimile: 61 3 9670 3081 Email: investorrelations@austock.com Website: www.austock.com