GENERATION DEVELOPMENT GROUP LIMITED — Director's Dealing 2012

Mar 12, 2012

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	Paul Masi
Date of last notice	3 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	Direct
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.
Date of change	11 March 2012
No. of securities held prior to change	475,000 fully paid ordinary shares
Class	Fully paid ordinary
Number acquired	2,666,666fullypaidordinaryshares(refer part 2 of this form)
Number disposed	-
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	3,141,666 fully paid ordinary shares
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Vesting of shares acquired on-market underthe Austock Employee Share Plan

• 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	Allocation of shares in the Austock Employee Share
	Plan
Nature of interest	Indirect
Name of registered holder	Austock Employee Share Custodian Pty Ltd as trustee of
(if issued securities)	the Austock Employee Share Plan. Mr Masi is abeneficiary of the Austock Employee Share Plan which
	provides for the purchase on-market of shares by or on
	behalf of directors pursuant to ASX Listing Rule 10.14.
Date of change	11 March 2012
No. and class of securities to which	4,000,000 fully paid ordinary shares pursuant to the
interest related prior to changeNote: Details are only required for a contract in relation	Austock Employee Share Plan subject to vestingconditions
to which the interest has changed
Interest acquired	-
Interest disposed	2,666,666 fully paid ordinary shares (acquisition of
	relevant interest upon vesting - refer part 1 of this form)
Value/Consideration	Nil
Note: If consideration is non-cash, provide details and an
estimated valuation
Interest after change	1,333,334 fully paid ordinary shares

Part 3 –[+] Closed period

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011