GENERATION DEVELOPMENT GROUP LIMITED — Board/Management Information 2010

Jul 8, 2010

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ASX / Media Release

Tim Boyle to assume Non-Executive Director role

9 July 2010: The Board of Austock Group Limited (ASX:ACK) announces the resignation of Tim Boyle from his executive role as "Chairman Investments" at Austock Group, effective 9 July 2010. Tim has decided that after steering the group through difficult times over the last few years and in assisting with the transition of the CEO role to Paul Masi he would like to pursue new challenges.

Tim will continue to be associated with Austock Group and will remain on the Board as a NonExecutive Director.

The Board would like to thank Tim for his commitment to Austock over the last five years and for his significant contribution to the restructuring of the group. We wish him every success in his new endeavours and are delighted that he remains associated with the group in a non-executive capacity.

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For further information please contact:

Steven Gregg (03) 8601 2000 Chairman

About Austock Group:

Austock Group is an independent, publicly listed diversified investment and financial services group. It has a culture and track record of being prepared to invest to build sustainable returns for its clients and shareholders. Founded in 1991, the company now comprises corporate and securities, private wealth and investment management businesses. Austock has offices in Melbourne and Sydney along with international affiliations. Austock is a Pooled Development Fund that invests in and develops financial services businesses under a tax-efficient structure.