DEVELOP GLOBAL LIMITED — Director's Dealing 2008

Jun 12, 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	Michael Mulroney
Date of appointment	9thJune 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

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	Numbe	r & class of Se	curities
		Note: Provide details of the circumstances givingrise to the relevant interest.
		Shares are held by AFM Perseus FundLimited of which Mr Mulroney is	1,725,610293	83 fully paid or50 options to ac	dinary sharesquire fully paid	ordinary shares
		ManagingDirectorandChief	,,at 10 ce	nts exerciseable	by 15 June 200	9
		Investment Officer.

• 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

Detail of contract	As a director
Nature of interest	Director appointment
Name of registered holder	Michael Mulroney or nominee
(if issued securities)
No. and class of securities to which	Right but not the obligation to subscribe for 1,000,000
interest relates	Options to acquire fully paid ordinary shares at an issue
	price of 0.1 cent per option. Options exercisable at 15
	cents per option on or before 28 May 2011. Issue
	subject to shareholder approval at the first shareholder
	meetingheld followingMr Mulroneyappointment.

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13.06.08

• See chapter 19 for defined terms.

Appendix 3X Page 2

30/9/2001