GENERATION DEVELOPMENT GROUP LIMITED — Transaction in Own Shares 2012

Aug 5, 2012

Rule 3.8A

Appendix 3C

Announcement of buy-back ( except minimum holding buy-back)

Information and documents given to ASX become ASX’s property and may be made public.

Introduced 1/9/99. Origin: Appendix 7B. Amended 13/3/2000, 30/9/2001, 11/01/10

Name of entity Austock Group Limited	ABN/ARSN
Austock Group Limited	90 087 334 370

We (the entity) give ASX the following information.

Information about buy-back

1Type of buy-back2+Class of shares/units which isthe subject of the buy-back_(eg,ordinary/preference)3Voting rights(eg, one for one) 4Fully paid/partly paid(and if_partly paid, details of how muchhas been paid and how much isoutstanding)5Number of shares/units in the+class on issue6Whether shareholder/unitholderapproval is required for buy-back	On-market share buy-back
	Ordinary shares
	One for one
	Fully paid
	133,928,412
	Yes – Austock shareholder approval is required(contemplated for 12 September 2012).

• See chapter 19 for defined terms.

11/01/2010 Appendix 3C Page 1

7Reason for buy-back8Any other information materialto a shareholder’s/unitholder’sdecision whether to accept theoffer_(eg, details of any proposed_takeover bid)

The buy-back is being proposed for a numberof reasons including for capital managementpurposes (including as an appropriate use ofsurplus cash in the absence of an investmentopportunity) and to provide liquidity toAustock shareholders that may wish to selltheir Austock shares. Further details about thebuy-back are to be set out in the notice ofmeeting documentation to approve the buy-back to be issued to shareholders and releasedon ASX.

None aside from information which has beenannounced to ASX.

On-market buy-back

9Name of broker who will act onthe company’s behalf10Deleted 30/9/2001.11If the company/trust intends tobuy back a maximum number ofshares - that numberNote: This requires a figure to be included, nota percentage.12If the company/trust intends tobuy back shares/units within aperiod of time - that period oftime;ifthecompany/trustintends that the buy-back be ofunlimitedduration-thatintention	BBY Limited
	27 million
	The 12 month maximum limit applies. This issubject to the company's share trading blackoutperiods as announced to ASX on 29 December2010.

	13If the comp	any/trust intends t	o	The proposed	buy-back is conditi	onal on Austock
	buybackshares/unitsifconditionsaremet-thoseconditions			shareholders approving the following at a dulyconvened meeting of Austock shareholders:- the proposed sale of the Austock property fundsmanagement business to Folkestone Limited (andcompletion of the sale); and- the proposed on-market share buy-back.

	Emloee share scheme bu-back	Emloee share scheme bu-back	Emloee share scheme bu-back	Emloee share scheme bu-back	Emloee share scheme bu-back	Emloee share scheme bu-back	Emloee share scheme bu-back	Emloee share scheme bu-back	Emloee share scheme bu-back	Emloee share scheme bu-back	Emloee share scheme bu-back	Emloee share scheme bu-back	Emloee share scheme bu-back	Emloee share scheme bu-back
	p	y		y
	14Nubo	mber of shares prought back		d b
				pose to e
	15Pri	ce to be offered for		shares
	Selective buy-back16Name of person or description ofclass of person whose shares areproposed to be bought back17Number of shares proposed to bebought back18Price to be offered for shares
	Equal access		scheme
	19Percentage		of shares pr		oposed to
	be bought b		ack
	20Total numb		r of shares		roosed
	to be bough		t back if all		ppoffers are
	accepted
	21Price to be offered for shares22+Record date for participation inofferCross reference: Appendix 7A, clause 9.

• See chapter 19 for defined terms.

11/01/2010 Appendix 3C Page 3

Compliance statement

1. The company is in compliance with all Corporations Act requirements relevant to this buy-back.

or, for trusts only:

1. The trust is in compliance with all requirements of the Corporations Act as modified by Class Order 07/422, and of the trust’s constitution, relevant to this buy-back.

2. There is no information that the listing rules require to be disclosed that has not already been disclosed, or is not contained in, or attached to, this form.

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Sign here: ........................................................... Date: 6 August 2012 (Company secretary)

Print name: Amanda Gawne