GENESIS RESOURCES LIMITED — Merger & Acquisition 2015

Mar 12, 2015

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13 March 2015

Companies Announcements Platform Contact Michael MacMahon Australian Securities Exchange Direct Line (02) 8083 0451 Exchange Centre Email michael.macmahon@holdingredlich.com 20 Bridge Street Partner Darren Pereira SYDNEY NSW 2000 Our Ref MBM:13670013

Dear Sir/Madam

Blumont Group Ltd. takeover bid for Genesis Resources Limited - Declaration that Offer is now unconditional and notice on status of Conditions

We act for Blumont Group Ltd. ( Blumont ) and refer to Blumont’s bidder’s statement dated 21 March 2014 in relation to its off-market takeover bid for the ordinary shares in Genesis Resources Limited.

In accordance with section 650F of the Corporations Act 2001 ( Act ) we enclose a notice from Blumont declaring that Blumont waives each of the Conditions to the Offer and that, as a result, the Offer and each contract resulting from acceptance of the Offer has now become unconditional.

The enclosed notice is also a notice for the purpose of section 630 of the Act otherwise advising on the status of the Conditions of the Offer.

Terms defined in this letter have the meaning given in the Bidder’s Statement.

Yours sincerely

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Holding Redlich

Enclosures: 1

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Blumont Group Ltd.

Takeover bid for Genesis Resources Limited Notice freeing the Offer of all Conditions Notice on the status of the Conditions

To: Genesis Resources Limited ( Genesis )

Australian Securities Exchange

This is a notice given by Blumont Group Ltd. ( Blumont ) in relation to the offers made under its off-market takeover bid for all of the ordinary shares in Genesis ( Offer ) pursuant to its bidder’s statement dated 21 March 2014 ( Bidder’s Statement ).

Blumont gives notice:

1. under section 630(4) of the Corporations Act that the Condition set out in Section 11.5(b) (Blumont Shareholder approval) of the Bidder’s Statement was satisfied on 12 March 2015 and the Offer is now free of this Condition;

2. under section 630(3) of the Corporations Act that the Condition set out in Section 11.5(p)(iv) (Plavica Concessions) of the Bidder’s Statement has been satisfied (and the Offer is free of this Condition) as announced by Blumont in its third supplementary bidder’s statement dated 2 May 2014; and

3. declaring under section 650F of the Corporations Act that Blumont HEREBY WAIVES ALL OF THE CONDITIONS OF THE OFFER and, as a result, the Offer and takeover contracts resulting from acceptances of the Offer are now free of all of the Conditions of the Offer.

As at the close of business on 12 March 2015, Blumont had voting power of 1.43% in Genesis.

Terms that are defined have the meaning given to them in the Bidder’s Statement.

Signed for and on behalf of Blumont

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Mr Ng Kim Huatt Director Dated: 13 March 2015

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