Ann: SSH: GEN: SSH - Nicholas Bagnall

• Release Date: 12/07/12 10:42
• Summary: SSH: GEN: SSH - Nicholas Bagnall
• Price Sensitive: No
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GEN
12/07/2012 08:42
SSH

REL: 0842 HRS Genesis Research and Development Corporation Limited

SSH: GEN: SSH - Nicholas Bagnall

Disclosure of movement of 1% or more in substantial holding or change in
nature of relevant interest or both
Sections 23 and 24, Securities Markets Act 1988
Relevant event being disclosed: Movement of 1% or more
Date of relevant event: 10 July 2012
To: NZX Limited
And: Genesis Research and Development Corp Ltd
Date this disclosure made: 12 July 2012
Date last disclosure made: 5 July 2010
Substantial security holder(s) giving disclosure
Name(s): Nicholas Bagnall
Contact details: Kym Nijsse +64 4 918 7067  [email protected]
Summary of substantial holding to which disclosure relates
Class of listed voting securities: Ordinary Shares
Summary for: Nicholas Bagnall
For this disclosure,--
(a) Total number held in class: 4,427,435
(b) Total in class: 54,603,146
(c) Total percentage held in class: 8.108%
For last disclosure,--
(a) Total number held in class: 4,427,435
(b) Total in class: 45,502,646
(c) Total percentage held in class: 9.730%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure under the
instructions to this form:
Announcement of a placement of 9,100,500 ordinary shares released on 10th
July 2012.
Details of relevant interests in substantial holding after relevant event
Details for: Nicholas Bagnall
Nature of relevant interest(s):
Beneficial owner of securities under s 5 (1) (b) of the Securities Markets
Act
No relevant agreement document needs to be attached under regulation 11.
For that relevant interest,--
(a) Number held in class: 57,435
(b) Percentage held in class: 0.105%
(c) Current registered holder(s) of securities: held by Nicholas Bagnall
either directly or indirectly
(d) Registered holder(s) of securities once transfers registered: unknown

Details for: ACC
Nature of relevant interest(s):
Qualified powers to exercise control of rights to vote and of acquisition or
disposal of some or all of the securities, of which the Accident Compensation
Corporation ("ACC") is the beneficial owner under s 5(1)(c)and 5 (1)(d) of
the Securities Markets Act. Further to regulation 11(2)(b), the material
terms of this arrangement are that powers are subject to ACC investment
policies and the decisions of the ACC Investment Committee.
For that relevant interest,
(a) Number held in class: 4,370,000
(b) Percentage held in class: 8.003%
(c) Current registered holder(s) of securities: held by ACC either
directly or indirectly via New Zealand Central Securities Depository Limited
(NZCSD)
(d) Registered holder(s) of securities once transfers registered: unknown

Additional information
Nicholas Bagnall is an employee and portfolio manager for ACC. Under current
ACC investment policies, he has the discretion to exercise control over the
rights to vote and acquisition or disposal of some or all of the securities
of which ACC is the beneficial owner
Address(es) of substantial security holder(s): ACC : Vogel Centre, 19 Aitken
Street, PO Box 242, Wellington 6140
Name of any other person believed to have given, or believed to be required
to give, a disclosure under the Act in relation to the securities to which
this disclosure relates: n/a
Declaration
I, Nicholas Bagnall declare that, to the best of my knowledge and belief, the
information contained in this disclosure is correct and that I am duly
authorised to make this disclosure by all persons for whom it is made.
End CA:00224873 For:GEN    Type:SSH        Time:2012-07-12 08:42:58