GENERATION DEVELOPMENT GROUP LIMITED — Director's Dealing 2010

Mar 2, 2010

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity Austock Group Limited

ABN 087 334 370

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Paul Masi
Date of appointment	1 March 2010

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

Nil

• See chapter 19 for defined terms.

Appendix 3X Page 1

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Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of Number & class of Securities interest Note: Provide details of the circumstances giving rise to the relevant interest. Nil

Part 3 – Director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	Letter of employment pursuant to which MrMasi is entitled to receive an allocation ofshares in the Austock Employee Share Plan.
Nature of interest	Indirect
Name of registered holder(if issued securities)	Austock Employee Share Custodian Pty Ltd astrustee of the Austock Employee Share Plan.Upon allocation of the shares, Mr Masi will be abeneficiary of the Austock Employee Share Plan,being a plan that provides for the purchase on-market of shares by or on behalf of employees ordirectors pursuant to ASX Listing Rule 10.14.
No. and class of securities towhich interest relates	4,000,000 fully paid ordinary shares pursuant tothe Austock Employee Share Plan subject tovesting conditions.

• See chapter 19 for defined terms.

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