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

Jul 17, 2008

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ASX Announcement

18 July 2008

Results of General Meeting

Pursuant to ASX Listing Rule 3.13.2, the results of the general meeting held today are as follows:

Resolution 1: Procedural motion to amend resolution

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

Resolution 2: Approval of grant of options to Managing Director

“That approval be given under ASX Listing Rule 10.14 for the issue of not more than 2,400,000 Options to acquire ordinary shares in the Company, and for the issue of not more than 2,400,000 ordinary shares in the Company on the exercise of such Options, to the Managing Director of the Company, Mr Tim Boyle, in accordance with the Austock Long Term Incentive Plan and on the terms summarised in the Explanatory Notes to the Notice of General Meeting as well as the terms contained in the announcement to the ASX by the Company on 9 July 2008.”

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 72,115,334. Instructions in respect of the proxies were:

**FOR **	**AGAINST **	ABSTAIN	OPEN
66,595,425	2,622,063	1,668,256	1,229,590

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