DEVELOP GLOBAL LIMITED — Capital/Financing Update 2007

Jul 31, 2007

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New Issue Announcement, Application for Quotation of Additional Securities and Agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003.

Name of Entity:

Jutt Holdings Limited (ASX Code: JUT)

ABN:

28 122 180 205

We (the entity) give ASX the following information.

Part 1 - All Issues

You must complete the relevant sections (attach sheets if there is not enough space).

1 +Class of+securities issued or to be issued 2 Number of+securities issued or to be issued (if known) or maximum number which may be issued 3 Principal terms of the+securities (eg, if options, exercise price and expiry date; if partly paid+securities, the amount outstanding and due dates for payment; if+convertible securities, the conversion price and dates for conversion)	Options (New Class)
	Up to 36,349,956
	Exercisable @ 20 cents On or before 31 July 2009

• See chapter 19 for defined terms.

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4 Do the[+] securities rank equally in all No respects from the date of allotment with an existing[+] class of quoted +securities? If the additional securities do not rank Upon exercise of the Options the securities will equally, please state: • the date from which they do rank equally in all respects with existing ordinary • the extent to which they shares quoted on ASX and resulting shareholder may (if a dividend is declared at all) receive a participate for the next dividend, dividend. (in the case of a trust, distribution) or interest payment • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5 Issue price or consideration $0.01 per option to raise up to $363,499.56 6 Purpose of the issue To fund the initial exploration on the Tay(If issued as consideration for the Munglinup Tenements acquisition of assets, clearly identify those assets)

7 Dates of entering[+] securities into Tuesday 11 September 2007 uncertificated holdings or despatch of certificates

Number +Class 8 Number and +class of all 21,601,385 Ordinary Shares (JUT) +securities quoted on ASX ( including the securities in clause 36,349,956 Options (New Class) 2 if applicable) 9 Number and +class of all +securities not quoted on ASX ( including the securities in clause 2 if applicable)

9 cont

Code	Shares	Shares	Options	Exercise Price	Expiry Date	Escrow Release
JUTAA	7,564,296			-	-	22/04/2008
JUTAB	0		1,457,148	$0.20	22/04/2011	22/04/2008
JUTAC	0		500,000	$0.20	30/11/2010	22/04/2008
JUTAI	11,063,817		0	-	-	27/04/2009
JUTAM	1,350,000		0	-	-	03/08/2007
JUTAO	311,538		0	-	-	15/09/2007
JUTAQ	135,000		0	-	-	28/09/2007
JUTAS	155,250		0	-	-	06/10/2007
JUTAU	207,692		0	-	-	11/10/2007
JUTAW	155,769		0	-	-	10/11/2007
JUTAY	623,700		0	-	-	24/10/2007
JUTAZ	311,850		0	-	-	30/11/2007
Unlisted Total	21,878,912		1,957,148
in the case of a policy) on the interests) The company does not expect to pay a dividend this period
		The company does not expect to pay a dividend this period

10 Dividend policy (in the case of a The company does not expect to pay a dividend trust, distribution policy) on the this period increased capital (interests)

Part 2 - Bonus Issue or Pro Rata Issue

11 Is security holder approval required? 12 Is the issue renounceable or non- renounceable? 13 Ratio in which the+securities will be offered 14 +Class of+securities to which the offer relates 15 +Record date to determine entitlements 16 Will holdings on different registers (or subregisters) be aggregated for calculating entitlements? 17 Policy for deciding entitlements in relation to fractions	No
	Non-Renounceable
	4 Options for every 5 Shares
	Options
	5:00 pm (EST) Monday 13thAugust 2007
	N/A
	Fractional entitlements will be rounded down

• See chapter 19 for defined terms.

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18 Names of countries in which the entity has+security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. 19 Closing date for receipt of acceptances or renunciations 20 Names of any underwriters 21 Amount of any underwriting fee or commission 22 Names of any brokers to the issue 23 Fee or commission payable to the broker to the issue 24 Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of+security holders 25 If the issue is contingent on +security holders’ approval, the date of the meeting 26 Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled 27 If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders 28 Date rights trading will begin (if applicable) 29 Date rights trading will end (if applicable)	To be sent to Australian and New Zealand Resident shareholders only.
	Monday 3rdSeptember 2007
	Findlay & Co Stockbrokers (Underwriters) Pty Ltd
	$10,000 plus GST
	N/A
	N/A
	N/A
	N/A
	Monday 20thAugust 2007
	Monday 20thAugust 2007
	N/A
	N/A

30 How do +security holders sell their N/A

• entitlements in full through a broker?

• 31 How do +security holders sell part N/A of their entitlements through a broker and accept for the balance?

• 32 How do +security holders dispose N/A of their entitlements (except by sale through a broker)?

• 33 +Despatch date Tuesday 11[th] September 2007

Part 3 - Quotation of Securities

You need only complete this section if you are applying for quotation of securities

• 34 Type of securities ( tick one )

• (a) X Securities described in Part 1

• (b)[All other securities ]

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

• 35[If the ][+][securities are ][+][equity securities, the names of the 20 largest holders of the ] additional[+] securities, and the number and percentage of additional[+] securities held by those holders

• 36[If the ] +securities setting out the number of holders in the categories[+][securities are ][+][equity securities, a distribution schedule of the additional ] 1 - 1,000

• 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over

• 37[A copy of any trust deed for the additional ][+][securities ]

Entities that have ticked box 34(b)

• 38 Number of securities for which +quotation is sought

• See chapter 19 for defined terms.

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39 Class of +securities for which quotation is sought 40 Do the+securities rank equally in all respects from the date of allotment with an existing+class of quoted +securities? If the additional securities do not rank equally, please state: • the date from which they do • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 41 Reason for request for quotation now Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another security, clearly identify that other security) 42 Number and+class of all+securities quoted on ASX (_including_the securities in clause 38)
	**Number **	+Class

Quotation Agreement

• 1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the[+] securities on any conditions it decides.

• 2 We warrant the following to ASX.

• The issue of the[+] securities to be quoted complies with the law and is not for an illegal purpose.

• There is no reason why those[+] securities should not be granted[+] quotation.

• An offer of the[+] securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any[+] securities to be quoted and that no-one has any right to return any[+] securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the[+] securities be quoted.

• We warrant that if confirmation is required under section 1017F of the Corporations Act in relation to the[+] securities to be quoted, it has been provided at the time that we request that the[+] securities be quoted.

• If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the[+] securities be quoted.

• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

• 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before[+] quotation of the[+] securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign Here: Company Secretary Print Name: Phillip Hains

Date: Wednesday 1 August 2007

The CFO Solution www.thecfo.com.au

01.08.07

• See chapter 19 for defined terms.

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