DEVELOP GLOBAL LIMITED — Board/Management Information 2008

Aug 25, 2008

ASX ANNOUNCEMENT

26 Aug 2008

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ASX Code

Shares : JUT

31 July 2009 Options : JUTO 15 June 2009 Options : JUTOA

Share Price

Close 25 August 2008 : $0.13 52 week high : $0.275 52 week low : $0.0495

Issued Capital

65.2M Shares 58.5M Options

Market Capitalisation $8.5M (at 25 August)

Board of Directors

Charles Morgan (Non-Executive Chairman)

Tim Sugden (Managing Director)

Burkhard Eisenlohr (Executive Director)

Ayaz Khan (Non-Executive Director)

Michael Mulroney (Non-Executive Director)

Substantial Shareholders

Argonaut – 10.0% Ayaz Khan – 7.6% Craig Burton – 7.6% Liberty Mining - 6.1%

Projects

Liberty-Indee (Cu-Pb-Zn-Au-Ag)

Onslow (Ag-Pb-Cu)

Tay Munglinup (Ni-Cu)

EXECUTIVE APPOINTMENTS: DIRECTOR OF EXPLORATION AND COMPANY SECRETARY

Jutt Holdings is pleased to announce the appointment of Dr Burkhard Eisenlohr as Executive Director of Exploration and Ms Liza Carpene as Company Secretary, with both appointments effective from 26 August 2008.

Dr Tim Sugden, Managing Director, welcomed Dr Eisenlohr and Ms Carpene to the new Jutt team. He said “These appointments are a key step in building a significant resources company focused on base metals and gold assets in Australia and overseas. Burkhard and Liza bring a wealth of exploration, feasibility and operating experience, ensuring rapid value realisation at the emerging Liberty-Indee copperzinc project in the Pilbara region of Western Australia, and enhancing our capacity to build an attractive exploration and development portfolio.”

Burkhard N Eisenlohr (PhD, FAusIMM)

Dr Eisenlohr has worked in the mining industry for more than 20 years, with substantial experience in Australia, Asia and Africa. He was Exploration Manager for Nova Energy Limited where he was involved in the acquisition of African tenements and the Company’s exploration activities in Australia. Dr Eisenlohr was instrumental in undertaking the drill-out and feasibility study of the Tasiast Gold Mine in Mauritania and has completed technical and project assessments in Africa and Asia for a variety of companies. He managed the feasibility study and assessment of a base metal mine in Myanmar (Burma), and also supervised several exploration projects for gold and base metals in that country. He was Exploration Manager for Pilbara Mines and Gasgoyne Gold up to the Company’s takeover by Sons of Gwalia. Dr Eisenlohr obtained his PhD from the University of Western Australia and has worked in a wide variety of geological terrains and ore deposits.

Liza Carpene (MBA, ACIS)

Ms Carpene has worked in the mining industry for more than 12 years and has significant experience in corporate administration, human resources, IT and community relations. She was part of the initial Executive Management Team of Agincourt Resources Limited as the General Manager – Administration, Human Resources and IT for Australian and Indonesian operations, prior to its takeover by Oxiana Limited in April 2007. Prior to Agincourt, Ms Carpene held various site based management roles with Great Central Mines, Normandy Mining and Newmont Australia. Ms Carpene obtained her MBA from the University of Western Australia and has a Graduate Diploma in Applied Corporate Governance.

Dr Eisenlohr and Ms Carpene will be offered incentive options in Jutt Holdings as part of their executive remuneration packages.

For further information contact:

Charles Morgan Tim Sugden Chairman Managing Director Mobile: 0412 152 534 Mobile: 0407 085 032 Email: cmorgan@seaspin.com.au Email: tim.sugden@juttholdings.com

For more information visit www.juttholdings.com and sign up for email news.