REDCASTLE RESOURCES LIMITED — Major Shareholding Notification 2011

Aug 10, 2011

Form 604

Corporations Act 2001

Section 671B

Notice of change of interest of substantial holder

To Company Name/Scheme GRP Corporation Limited

ACN/ARSN 096 781 716

1. Details of substantial holder (1)

To Company Name/Scheme Sinbad Pty Ltd

ACN/ARSN 083 359 737

There was a change in the interests of the Substantial holder on 09/08/2011

The previous notice was given to the company on 16/11/2010 The previous notice was dated 16/11/2010

2. Changes in relevant interests

The total number of votes attached to all the voting shares in the company or voting interests in he scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, an when now required, to give a substantial holding notice to the company or scheme, are as follows::

Class of securities (4)	Previous Notice	Previous Notice	Present Notice	Present Notice
	Person’s Votes	Voting power (5)	Person’s Votes	Voting power (5)
Ordinary Shares	1,666,667	23.60%	1,466,667	14.58%

**** The Share Capital has increased substantially since the last Notice following the issue of a material number of Shares.**

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date ofChange	Persons whose relevantinterest changed	Nature ofchange	Considerationgiven in relation tothe change	Class and numberof securitiesaffected	Person’s votesaffected
29-12-10	Sinbad Pty Ltd	Dilution	Nil	Ordinary Shares1,666,667	(1,666,667)16.90%
06-05-11	Sinbad Pty Ltd	Dilution	Nil	Ordinary Shares1,666,667	(1,666,667)16.57%
09-08-11	Sinbad Pty Ltd	Transfers	20 cents perSharetotalling $40,000	Ordinary Shares200,000	(1,466,667)14.58%

604 page 2/3 15 July 2001

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

follows:
Holder of relevant interest	Registered holderof securities	Persons entitledto be registeredasholder	Nature ofrelevantinterest	Class andnumber ofsecurities	Person’svotes
Sinbad Pty Ltd	Sinbad Pty Ltd<ATF Rock CityUnitTrust>	Sinbad Pty Ltd<ATF Rock CityUnitTrust>	Legal Owner	Ordinary Shares1,466,667	1,466,667

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their associations (9) with, he substantial holder in relation to voting interests in the company or scheme are as follows:

their associations (9) with, he substantialas follows:	holder in relation to voting interests in the company or scheme are
Name andACN/ARSN(ifapplicable)	Nature ofassociation
NotApplicable	NotApplicable

6. Addresses

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

Name	Address
Sinbad Pty Ltd	GPO Box 166SYDNEY NSW 2001

Signature

Print name Steve Nicols Sign here

capacity Director

date 11/ 08/ 2011

DIRECTIONS

1. If there are a number of substantial holders with similar or related interests (eg. A corporation and is related corporations, or the manager and trustee of an equity trust), the names could be include in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred ti throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

2. See the definition of “associate” in section 9 of the Corporations Act 2001

3. See the definition of “relevant interest” in sections 608 and 671(B) of the Corporations Act 2001.

4. The voting shares of a company constitute one class unless divided into separate classes.

5. The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.

604 page 2/3 15 July 2001

1. Include details of:

   • (a) Any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out he terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

   • (b) Any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting posers or disposal of the securities to which he relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of “relevant agreement’ in section 9 of the Corporations Act 2001.

1. Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on he happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or is associates in relation to the acquisitions, even if they are not paid directly to the person from whom he relevant interest was acquired.

2. If the substantial holder is unable to determine the identity of the person (eg. If the relevant interest arises because of an option) write “unknown”.

3. Give details, if appropriate, of the person association and any change in that association since the last substantial holding notice.