GENESIS RESOURCES LIMITED — Major Shareholding Notification 2015

Feb 22, 2015

Notice of initial substantial shareholder

Form 603 Corporations Law Section 671B

To: Genesis Resources Limited ACN 114 787 469

1. Details of substantial shareholder

Mr Lim Yau Young

The holder became a substantial holder on 16 February 2015.

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 had a relevant interest in on the date the substantial holder became a substantial holder are as follows:

Class of securitiesOrdinary shares			Voting power
	Number ofsecurities
		Person’s votes
	38,295,631	38,295,631	15.04%

3. Details of relevant interests

Holder of relevant interest	Nature of relevant interest	Class and number ofsecurities
Lim Yau Young	Direct	38,295,631 Ordinaryshares

4. Details of present registered holders

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

Holder of relevant	Registered holder of	Person entitled to be	Class and number of
interest	securities	registered as holder	securities
Lim Yau Young	Lim Yau Young	Lim Yau Young	38,295,631 Ordinary shares

Notice of initial substantial shareholder

Form 603

Corporations Law Section 671B

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 **		Class and number ofsecurities
		Consideration
Lim Yau Young	17 February 2015	The 38,295,631 sharesare issued in retirement ofdebt (total principalamount of $2,000,000 plusaccrued interest) under aloan, at a deemed issueprice of $0.06 per share.	38,295,631 Ordinary shares

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
N/A	N/A

7. Addresses

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

MR LIM YAU YOUNG UNIT A301 EMBASSYVIEW CONDOSUITES 273 JALAN AMPANG 50450 KUALA LUMPUR MALAYSIA

Dated 23 February 2015

Authorised for electronic lodgement by Lim Yau Young

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