GENESIS RESOURCES LIMITED — Major Shareholding Notification 2015

Feb 22, 2015

Form 603 Corporations Law Section 671B

Notice of initial substantial shareholder

To: Genesis Resources Limited ACN 114 787 469

1. Details of substantial shareholder

Spektra Jeotek Sanayi ve Ticaret A.S.

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 securities	Number ofsecurities	Person’s votes	Voting power
Ordinary shares	25,630,833	25,630,833	10.07%

3. Details of relevant interests

		Class and number ofsecurities
Holder of relevant interest	Nature of relevant interest
Spektra Jeotek Sanayi veTicaret A.S.	Direct	25,630,833 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 relevantinterest	Registered holder ofsecurities	Person entitled to beregistered as holder	Class and number ofsecurities
Spektra JeotekSanayi ve TicaretA.S.	Spektra JeotekSanayi ve TicaretA.S.	Spektra JeotekSanayi ve TicaretA.S.	25,630,833 Ordinaryshares

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 ofrelevant interest	Date of**Acquisition **	Consideration	Class and number ofsecurities
		The 25,630,833 shares are
		issued for nil cash
Spektra Jeotek		consideration in lieu of
Sanayi ve	17 February	outstanding fees of $1,537,850	25,630,833 Ordinary
Ticaret A.S.	2015	for drilling services provided, at	shares
		a deemed issue price of $0.06
		per share.

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:

BASKENT OSB ISMET INONU BULV NO 18 06909 MALIKOY SINCAN ANKARA TURKEY

Dated 23 February 2015

Authorised for electronic lodgement by Spektra Jeotek Sanayi ve Ticaret A.S.

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