DEVELOP GLOBAL LIMITED — Director's Dealing 2008

Aug 21, 2008

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial Director’s Interest Notice

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 30/9/2001.

Name of entity: Jutt Holdings Limited ABN: 28 122 180 205

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Tim Sugden
Date of appointment	18 August 2008

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Number & class of securities

- Nil

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

	Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest.	Number & class of Securities - Nil

• See chapter 19 for defined terms.

Appendix 3X Page 1

30/9/2001

Appendix 3X Initial Director’s Interest Notice

Part 3 – Director’s interests in contracts

Part 3– Director’s interests in contracts
Detail of contract	Managing Director – terms of engagement
Nature of interest	Director appointment
Name of registered holder (if issued securities)	Tim Sugden or nominee
No. and class of securities to which interest relates	As disclosed in the announcement on 19 August, and subject the Shareholders approval: • Right to subscribe for 3,500,000 shares at an issue price of $0.10 (10 cents) with 1:1 free attaching options exercisable at 20 cents per option on or before 31 July 2009, • Issue of Incentive Options: o 5,000,000 Equity Incentive Options exercisable at $0.15 (15 cents) on or before 28 May 2011, and o 5,000,000 Equity Incentive Options exercisable at $0.25 (25 cents) on or before 1 June 2011

• See chapter 19 for defined terms.

Appendix 3X Page 2

30/9/2001