GENESIS RESOURCES LIMITED — Major Shareholding Notification 2014

May 7, 2014

i05	page 1/2	15 July 2001

		Form 605 Corporations Act 2001 Section 671B
		Notice of ceasing to be a substantial holder
To Company Name/Scheme		GENESIS RESOURCES LIMITED
ACN/ARSN	114 787 469
1. Details of substantial holder (1)
Name	Indigo Pearl Capital Ltd
ACN/ARSN (if applicable)	BVI 1630343
The holder ceased to be a substantial holder on		30/4/2014
The previous notice was given to the company on		23/7/2013
The previous notice was dated		19/7/2013

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or
scheme, since the substantial holder was last required

Date of change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person's votes affected
31 August 2013	Cartier Peaks Investments Ltd: Indigo Pearl Capital Ltd	Cessation of association between Indigo Pearl Capital Ltd and Cartier Peaks Investments Ltd	N/a	2,703,551	2,703,551
30 April 2014	Indigo Pearl Capital Ltd	Transfer of shares to beneficial holders	N/a	6.085.333	16.085.333

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

_Name and ACN/ARSN (if applicable)	Nature of association
indigo Pearl Capital Ltd; Cartier Peaks Investments Ltd	The companies were associates by reason of having common directors. With changes to the board of each company, this is no longer the case

4. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Indigo Pearl Capital Ltd	Palm Grove House, PO Box 438, Road Town, Tortola, British Virgin Islands
Cartier Peaks Investments Ltd	Palm Grove House, PO Box 438, Road Town, Tortola, British Virgin Islands

Signature

print name TIARA LTD.	ror and on behalf of TIARALTD. (LL02080)	capacity Corporate Director
sign here	Authorised Signature(s)	$^{\text{date}}$ 0.7 MAY 2014

605 GUIDE page 2/2 15 July 2001

• DIRECTIONS
• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and
  trustee of an equity trust), the names could be included in an ann they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 4 of the form.
• $(2)$ See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• $(3)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• $(4)$ Include details of

$(1)$

• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy $(a)$ of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, of any cooliners seeing out the territo of any relevant egreement, and a superiority of person group an end accordio betale of any company this form, together with a written statement certifying this contract, scheme or ar
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the $(b)$ any quantization of the power of a person to exercise, comparing characters, or imperior the exercise or, the sound powers

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• Details of the consideration must include any and all benefits, moneys and other, that any person from whom a relevant interest was acquired has, or $(5)$ Details of the consideration must include any and an deteins, moneys and other, that any person nonitation a relevant interest was acquired that, or
  May, become entitled to receive in relation to that acquisition. Details nay, become entitied to receive in relation to that explosion, between must be into be called to be below to somether on the napperinty of the to a a contingency. Details must be included of any benefit paid on behalf of t are not paid directly to the person from whom the relevant interest was acquired.
• $(6)$ The voting shares of a company constitute one class unless divided into separate classes.
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(7)$