GENERATION DEVELOPMENT GROUP LIMITED — Director's Dealing 2011

May 29, 2011

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of 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 30/09/01 Amended 01/01/11

Name of entity AUSTOCK GROUP LIMITED ABN 90 087 334 370

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Steven Gregg
Date of last notice	30 June 2010

Part 1 - Change of director’s relevant interests in securities

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.

Direct or indirect interest	N/a
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.
Date of change
No. of securities held prior to change
Class
Number acquired
Number disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation
No. of securities held after change
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of 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	Detail of contract	Allocation of shares in the Austock Employee SharePlan	Allocation of shares in the Austock Employee SharePlan	Allocation of shares in the Austock Employee SharePlan
	Nature of interest		Indirect
	Name of registered holder(if issued securities)		Austock Employee Share Custodian Pty Ltd as trustee ofthe Austock Employee Share Plan. Mr Gregg is abeneficiary of the Austock Employee Share Plan whichprovides for the purchase on-market of shares by or onbehalf of directors pursuant to ASX Listing Rule 10.14.
	Date of change		29 May 2011
	No. and class of securities to whichinterest related prior to changeNote: Details are onl reuired for a contract in		2,000,000 fully paid ordinary shares pursuant to theAustock Employee Share Plan subject to vestingconditions
	relation to which the i	y qnterest has changed
	Interest acquire	d	-
	Interest dispose	d	666,667 shares forbeing met	feited upon vesting	conditions not
	Value/Consider	ation	Nil
	Note: If consideration is non-cash, provide detailsand an estimated valuation
	Interest after change		1,333,333 fully paid ordinary shares pursuant to theAustock Employee Share Plan subject to vestingconditions.Option to acquire 1,000,000 fully paid ordinary shareswith an exercise price of $0.50 per share and an expirydate of 30 September 2011 pursuant to Option Deeddated 27 November 2009.

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	N/a
If so, was prior written clearance provided to allow the tradeto proceed during this period?
If prior written clearance was provided, on what date was thisprovided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011