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GENETIC TECHNOLOGIES LIMITED Major Shareholding Notification 2010

Apr 14, 2010

65022_rns_2010-04-14_aca00d99-72ad-4cae-bdbc-2bd855fc6e37.pdf

Major Shareholding Notification

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Form 603

Corporations Act 2001 Section 671B Notice of initial substantial holder

To Company Name/Scheme

ACN

Genetic Technologies Limited

009 212 328

1. Details of substantial holder (1)

Name James Edward Besser

ACN (if applicable) Not applicable

The holder became a substantial holder on 14 / 4 / 2010

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 (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4) Number of securities Persons' votes (5) Voting power (6)
Ordinary shares 27,940,530 27,940,530 6.9%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest Nature of relevant interest (7) Class and number of securities
James Edward Besser Direct and indirect holding 27,940,530 ordinary shares

4. Details of present registered holders

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

Holder of relevantinterest Registered holder of securities Person entitled to beregistered as holder (8) Class and number ofsecurities
James EdwardBesser James Edward BesserJEB Partners, L.P. James Edward BesserJEB Partners, L.P. 11,176,212 ordinaryshares16,764,318 ordinaryshares

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the 4 months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest Date of acquisition Consideration (9)(paid in cash) Class and number ofsecurities
James Edward Besser 14 April 2010 $1,089,680.67(@ 3.9 cents per share) 27,940,530 ordinaryshares