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

Jul 8, 2008

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ASX Announcement

9 July 2008

Intention to amend resolution at the general meeting on 18 July 2008

Austock Group Limited (“ACK”) announces its intention to propose an amendment to the resolution to be put to the general meeting to be held on 18 July 2008. If approved, the effect of the amendment will be to impose additional performance conditions on the options to be granted to the Managing Director.

At the general meeting, Austock Group is seeking approval to grant 2,400,000 options to the Managing Director on terms which are summarised in the Notice of Meeting dated 16 June 2008 and previously sent to shareholders. These terms presently provide for an exercise price of $0.7131 and performance conditions based on cumulative earnings per share ( EPS ) and relative total shareholder return ( TSR ).

The additional performance conditions proposed to be introduced are based upon the share price performance of the Austock Group. In order for the options to vest to the Managing Director the original EPS and TSR performance conditions must be met and, in addition, the Austock Group share price must exceed the nominated price hurdle (as described below) at least once at any time during the performance period.

Accordingly, it is proposed that the Managing Director’s options will be subject to the following performance conditions:

• 400,000 options subject to EPS hurdle and additional price hurdle of $0.80

• 400,000 options subject to TSR hurdle and additional price hurdle of $0.80

• 400,000 options subject to EPS hurdle and additional price hurdle of $1.20

• 400,000 options subject to TSR hurdle and additional price hurdle of $1.20

• 400,000 options subject to EPS hurdle and additional price hurdle of $1.80

• 400,000 options subject to TSR hurdle and additional price hurdle of $1.80

The number of options granted, the exercise price, performance period, and the conditions in respect of exercising the vested options will all remain unchanged.

At the general meeting to be held on 18 July 2008, shareholders will be asked to vote on an amendment to the resolution, on the basis outlined above. If shareholders approve the amendment to the resolution, the amended resolution will then be put to the meeting and voted upon. If the amendment is not approved, the Company no longer proposes to proceed with the original resolution and the Chairman will not move the original motion at the meeting.

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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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Proxy forms that have already been lodged by shareholders will remain valid for this meeting and for the amended resolution. Shareholders who have already lodged a proxy form but wish to change their vote in light of the proposed amendment may lodge a new proxy form. New proxy forms can be obtained by telephoning Registries Limited on 02 9290 9600. Completed proxy forms must be returned no later than 9.30 a.m. on Wednesday 16 July 2008 (being 48 hours prior to the meeting) and may be faxed to Registries on 02 9279 0664.

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