DEVELOP GLOBAL LIMITED — Interim / Quarterly Report 2008

Apr 21, 2008

Appendix 5B Mining Exploration Entity Quarterly Report

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Jutt Holdings Limited Appendix 5B – 3[rd] Quarter

Mining Exploration Entity Quarterly Report

Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001.

Name of Entity:

Jutt Holdings Limited (ASX Code: JUT)*

ABN:

28 122 180 205

Quarter Ended ('Current Quarter')

31st March 08

Consolidated Statement of Cash Flows

		Current Quarter $A’000	Year to Date $A’000
1.1 1.2 1.3 1.4 1.5 1.6 1.7	Cash Flows Related to Operating Activities Receipts from product sales and related debtors Payments for:(a) exploration and evaluation (b) development (c) production (d) administration (e) contract services Dividends received Interest and other items of a similar nature received Interest and other costs of finance paid Income taxes paid Other(provide detailsif material)	- (903) - - (168) (65) - 17 - - -	- (1,971) - - (587) (222) - 80 - - -
	Net Operating Cash Flows	(1,119)	(2,700)
	Cash Flows Related to Investing Activities		(83) - - - -
1.8	Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets (d) physical non-current assets (e) other non-current assets	- - - - -

• Jutt Holdings Limited has two controlled entities incorporated in Australia, Jutt Resources Pty Ltd and Juranium Limited. The Consolidated Statement of Cash Flows covers Jutt Holdings Limited and its controlled entities.

• See chapter 19 for defined terms.

Appendix 5B Page 1 of 6

Appendix 5B Mining Exploration Entity Quarterly Report

			Current Quarter $A’000	Year to Date $A’000
	Cash Flows Related to Investing Activities
1.9 1.10 1.11 1.12	Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets (d) physical non-current assets (e) other non-current assets Loans to other entities Loans repaid by other entities Other(provide detailsif material)		- - - - - - - -	- - - - - - - -
	Net Investing Cash Flows		-	(83)
1.13	Total Operating and Investing Cash Flows		(1,119)	(2,783)
1.14 1.15 1.16 1.17 1.18 1.19		Cash Flows Related to Financing Activities Proceeds from issues of shares, options, etc. Proceeds from sale of forfeited shares Proceeds from borrowings Repayment of borrowings Dividends paid Other(provide detailsif material)	180 - - - - -	576 - - - - -
		Net Financing Cash Flows	180	576
1.20 1.21		Net Increase / (Decrease) in Cash Held Cash at beginning of quarter/year to date Exchange rate adjustments to item 1.20	(939) 1,704 -	(2,207) 2,972 -
1.22		Cash at End of Quarter	765	765

Payments to Directors of the Entity and Associates of the Directors Payments to Related Entities of the Entity and Associates of the Related Entities

1.23 1.24 1.25	Aggregate amount of payments to the parties included in item 1.2 Aggregate amount of loans to the parties included in item 1.10 Explanation necessaryforanunderstanding ofthe transactions	Current Quarter $A'000
		75
		-
	Item 1.23 include aggregate salaries, directors’ fees, corporate advisory & consulting fees at normal commercial rates

• See chapter 19 for defined terms.

Appendix 5B Page 2 of 6

Appendix 5B Mining Exploration Entity Quarterly Report

Non-Cash Financing and Investing Activities

• 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

• 2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

Financing Facilities Available

Add notes as necessary for an understanding of the position.

3.1 Loan facilities 3.2 Credit standby arrangements	Amount Available $A’000	Amount Used $A’000
	-	-
	-	-

Estimated Cash Outflows for Next Quarter

4.1 Exploration and evaluation 4.2 Development	$A’000
	600
	-
Total:	600

Reconciliation of Cash

Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.	Current Quarter $A’000	Previous Quarter $A’000
5.1 Cash on hand and at bank 5.2 Deposits at call 5.3 Bank overdraft 5.4 Cash at bank held by Juranium Ltd, a controlled entity of JUT	66	644
	503	974
	-	-
	196	86
Total: Cash at End of Quarter(item 1.22)	765	1,704

• See chapter 19 for defined terms.

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Appendix 5B Mining Exploration Entity Quarterly Report

Changes in Interests in Mining Tenements

6.1 Interests in mining tenements relinquished, reduced or lapsed 6.2 Interests in mining tenements acquired or increased	Tenement Reference	Nature of Interest (note 2)	Interest at Beginning of **Quarter **	Interest at End of Quarter
	Nil
	Nil

Issued and Quoted Securities at End of Current Quarter

Description includes rate of interest and any redemption or conversion rights together with prices and dates.

	Total Number	Number Quoted	Issue Price Per Security (cents) (seenote 3)	Amount Paid Up Per Security (cents) (seenote 3)
7.1 Preference+Securities (Description)	-	-
7.2 Changes During Quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs,redemptions
7.3 +Ordinary Securities	43,880,297	25,252,184
Changes during quarter (a) Increases through issues 7.4 (b) Decreases through returns of capital, buy- backs

• See chapter 19 for defined terms.

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Appendix 5B Mining Exploration Entity Quarterly Report

	Total Number	Number Quoted		Issue Price Per Security (cents) (seenote 3)	Amount Paid Up Per Security (cents) (seenote 3)	Amount Paid Up Per Security (cents) (seenote 3)
7.5 +Convertible debt securities (Description)	-	-
7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted
7.7 Options (Description and Conversion Factor) JUTAM JUTAD JUTO JUTAC JUTAB	300,000 1,500,000 34,784,237 650,000 1,457,148	- - 34,784,237 - -		Exercise Price 30 cents 25 cents 20 cents 20 cents 20 cents	Expiry Date 10 Oct 2008 30 Jun 2009 31 July 2009 30 Nov 2010 22 April 2011
7.8 Issued during quarter JUTAC	150,000	-		Exercise Price 20 cents	Expiry Date 30 Nov 2010
7.9 Exercised during quarter	-
7.10 Expired during quarter	-
7.11 Debentures (totals only)
7.12 Unsecured notes (totals only)

Compliance Statement

• 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 4).

• 2 This statement does give a true and fair view of the matters disclosed.

Sign Here: ____ Company Secretary

Date: 22 April 2008

Print Name: Phillip Hains

• See chapter 19 for defined terms.

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Appendix 5B Mining Exploration Entity Quarterly Report

Notes

• 1 The quarterly report provides a basis for informing the market how the entity’s activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.

• 2 The “Nature of interest” (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.

• 3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities .

• 4 The definitions in, and provisions of, AASB 1022: Accounting for Extractive Industries and AASB 1026: Statement of Cash Flows apply to this report.

• 5 Accounting Standards ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

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The CFO Solution www.thecfo.com.au

• See chapter 19 for defined terms.

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