GENESIS RESOURCES LIMITED — Major Shareholding Notification 2014

Aug 13, 2014

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Corporations Act 2001

Form 603

Section 671B

Notice of initial substantial holder

To Company Name/Scheme Genesis Resources Limited ( Genesis ) ACN/ARSN 114 787 469

1. Details of substantial holder (1)

Name Blumont Group Ltd. ( Blumont ) ACN/ARSN (if applicable) N/A

The holder became a substantial holder on 13 August 2014

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person’s votes (5)	Voting power (6)
Ordinary Shares	5,585,000	5,585,000	3.37%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holderofrelevantinterest	Nature of relevant interest (7)	Class and number of securities
Blumont	Acquisition of relevant interest in ordinaryshares in Genesis as a result of acceptances ofthe takeover offer as set out in Blumont’sbidder’s statement dated 21 March 2014 (Offer).	5,585,000 ordinary shares

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevantinterest	Registered holder ofsecurities	Person entitled to beregistered as holder (8)	Class and numberof securities
Blumont	Variouspersonsthathave accepted the Offer	Blumont, subject to theterms of the Offer	5,585,000ordinaryshares

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevantinterest	Date of acquisition	Consideration	(9)	Class and numberof securities
		Cash	Non-cash
Blumont	Between 2 April 2014	N/a	9.5 ordinary	5,585,000ordinary
	and 13 August 2014		shares in Blumontfor every 2 sharesin Genesis,subject to theterms of theOffer.	shares

S:4321422_1 MBM

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