REDCASTLE RESOURCES LIMITED — Major Shareholding Notification 2011

Jul 5, 2011

603 page 1/3 15 July 2001

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To Company Name/Scheme GRP Corporation Limited ACN/ARSN 096 781 716

1. Details of substantial holder (1)

To Company Name/Scheme Heelmo Holdings Pty Ltd

ACN/ARSN 099 580 195

The holder became a substantial holder on 04 July 2011

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	Person’s Votes (5)	Voting Power (6)
FullyPaid Ordinary Shares	33,333,334	33,333,334	23.60%

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 relevantinterest (7)	Class and number of securities
Heelmo Holdings Pty Ltd	Legal Owner	Fully Paid Ordinary Shares 33,333,334

603 page 3/3 15 July 2001

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 relevant interest	Registered holder ofsecurities	Persons entitled to beregistered as holder	Class and numberof securities
Heelmo Holdings Pty Ltd	Deep Blue Trust	Heelmo Holdings Pty LtdATF Deep Blue Trust	Fully Paid OrdinaryShares23,333,334
Heelmo Holdings Pty Ltd	Rowbottam Super Fund	Heelmo Holdings Pty LtdATF Rowbottam SuperFund	Fully Paid OrdinaryShares10,000,000

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 of relevant interest	Date ofacquisition	Consideration (9)	Consideration (9)	Class and number ofsecurities
		Cash	Non-cash
Heelmo Holdings Pty Ltd	04 07 2011	$ Nil	Nil	Fully Paid Ordinary Shares33,333,334

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

7. Addresses

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

Name	Address
Heelmo Holdings Pty Ltd	Level 1173 Mounts Bay RoadPERTH WA 6000

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Signature

==> picture [326 x 31] intentionally omitted <==

----- Start of picture text ----- Mark Rowbottam capacity Director and Beneficiary Trustee and Beneficiary----- End of picture text -----

Print name Mark Rowbottam

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----- Start of picture text ----- Sign here date 04/07/2011----- End of picture text -----

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----- Start of picture text ----- DIRECTIONS----- End of picture text -----

603 page 3/3 15 July 2001

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 oi 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 7 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 total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.

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

7. 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. 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”

2. 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 the relevant interest was acquired.