GENESIS RESOURCES LIMITED — Merger & Acquisition 2015

Jan 15, 2015

16 January 2015

Companies Announcements Platform Australian Securities Exchange Exchange Centre 20 Bridge Street SYDNEY NSW 2000

Contact Michael MacMahon Direct Line (02) 8083 0451 Email michael.macmahon@holdingredlich.com Partner Darren Pereira Our Ref MBM:13670013

Dear Sir/Madam

Blumont Group Ltd. takeover bid for Genesis Resources Limited Tenth Supplementary Bidder's Statement

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 647 of the Corporations Act 2001 (Cth), we enclose a copy of the tenth supplementary bidder's statement dated 16 January 2015. The document has today been lodged with the Australian Securities and Investments Commission.

Yours sincerely

Heleby Roller

Enclosures: 1

Sydney . Melbourne . Brisbane

Level 65 MLC Centre 19 Martin Place Sydney NSW 2000 DX 529 Sydney GPO Box 4118 Sydney NSW 2001 T +61 2 8083 0388 www.holdingredlich.com ABN 15364527724

BLUMON 博塔有限公司

BLUMONT GROUP LTD.

(Company Registration No. 199302554G) (Incorporated in the Republic of Singapore)

Tenth Supplementary Bidder's Statement

$\mathbf{1}$ . Introduction

This document is the tenth supplementary bidder's statement (Tenth Supplementary Bidder's Statement) to the bidder's statement dated 21 March 2014 (Bidder's Statement) issued by Blumont Group Ltd. (Blumont) in relation to its off-market takeover bid for all the ordinary shares in Genesis Resources Limited (Genesis). This Tenth Supplementary Bidder's Statement is dated 16 January 2015.

This Tenth Supplementary Bidder's Statement supplements and should be read together with the Bidder's Statement, as well as the first supplementary bidder's statement by Blumont dated 4 April 2014, the second supplementary bidder's statement by Blumont dated 22 April 2014, the third supplementary bidder's statement by Blumont dated 2 May 2014, the fourth supplementary bidder's statement by Blumont dated 6 June 2014, the fifth supplementary bidder's statement by Blumont dated 23 July 2014, the sixth supplementary bidder's statement by Blumont dated 18 August 2014, the seventh supplementary bidder's statement by Blumont dated 29 October 2014, the eighth supplementary bidder's statement by Blumont dated 23 December 2014 and the ninth supplementary bidder's statement by Blumont dated 6 January 2015 (Ninth Supplementary Bidder's Statement).

A copy of this Tenth Supplementary Bidder's Statement has been lodged with ASIC and the ASX on 16 January 2015. Neither ASIC, the ASX nor any of their officers, take any responsibility for the contents of this Tenth Supplementary Bidder's Statement. A copy of this Tenth Supplementary Bidder's Statement will also be released by Blumont on SGXNET in Singapore. The SGX assumes no responsibility for the correctness of any of the statements, reports contained/referred to or opinions expressed in this Tenth Supplementary Bidder's Statement.

Capitalised terms in this Tenth Supplementary Bidder's Statement have the same meaning as that in the Bidder's Statement unless the context requires otherwise.

$2.$ Withdrawal of Merlin Takeover Bid

Blumont refers to Section 2 of the Ninth Supplementary Bidder's Statement regarding the Merlin Takeover Bid under which Blumont advised that Blumont made an application to ASIC to obtain ASIC's consent to enable Blumont to withdraw the Merlin Takeover Bid (before the closing date of the Merlin Takeover Bid, being 13 February 2015) in accordance with section 652B of the Corporations Act.

Blumont advises that ASIC has now granted its consent to the withdrawal of the Merlin Takeover Bid by Blumont. Biumont has now lodged with ASIC and ASX a formal notice withdrawing the Merlin Takeover Bid, with the withdrawal to be effective from 5pm on 16 January 2015. The effect of the withdrawal of the Merlin Takeover Bid is that no acceptances of the Merlin Takeover Bid will be processed by Blumont and no Blumont Shares will be issued to any Merlin Shareholders in connection with the Merlin Takeover Bid (and, accordingly, all Merlin Shareholders that have accepted the Merlin Takeover Bid will be free to deal with their shares in Merlin as they see fit moving forward).

Therefore, given that no Blumont Shares will be issued under the Merlin Takeover Bid, assuming that the Offer under the Genesis Takeover Bid is accepted by all Genesis Shareholders, the maximum number of Blumont Shares that will be issued under the Offer be 905,478,003, which as at the date of this Tenth Supplementary Bidder's Statement constitutes approximately 34.70% of the existing share capital of Blumont. On a fully diluted basis, the maximum number of Blumont Shares issued under the Offer will, at the at the date of this Tenth Supplementary Bidder's Statement, constitute approximately 25.76% of the enlarged share capital of Blumont following the issue of Blumont Shares under the Offer.

Enquiries $3.$

Please contact the Blumont Offer Information Line on 1300 459 512 (for callers within Australia) or +61 3 9415 4290 (for callers outside of Australia) if you have any questions in relation to our Offer or this Tenth Supplementary Bidder's Statement.

APPROVAL OF TENTH SUPPLEMENTARY BIDDER'S STATEMENT

This Tenth Supplementary Bidder's Statement has been approved by a unanimous resolution passed of the directors of Blumont.

Signed for and on behalf of Blumont by Mr. Ng Kim Huatt, being a director of Blumont, who is authorised to sign by a resolution of the directors of Blumont.

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Mr Ng Kim Huatt Director

Dated: 16 January 2015